WOODEN DECKING MARKET ANALYSIS

Regional Analysis

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North America has been the dominant region in the global wooden decking market for many years. The region is expected to hold 37.6% of the market share in 2024. The U.S., in particular, has shown substantial demand mainly due to increased construction and remodelling activities for residential properties across the country. Majority of the wood decks are built as an extension to the homes to increase outdoor living area. Redwood and pressure treated pine lumber are mostly used raw materials for decking in this region.  The presence of leading decking manufacturers and suppliers over decades has ensured the easy availability of a wide range of wood decking products customized as per local preferences and weather conditions. Composite decking material is also gaining popularity as a long lasting substitute for traditional wood. Stringent building codes and permit requirements in the U.S. have further enhanced the market size. Moreover, the outdoor lifestyle of Americans and rising home improvement expenditure continue to drive the demand.

The Asia Pacific region has emerged as the fastest growing market for wooden decking globally. Rising disposable income, growing middle class population, and increasing rate of urbanization are the key macroeconomic factors fueling the demand. Countries like China, Japan, and Australia are experiencing a surge in the construction of private resorts, bungalows, and villas which require extensive use of decking.  Tropical rainforest woods indigenous to Southeast Asian countries are now major raw materials for export. Malaysia, in particular, has built a strong foothold in global wooden decking trade over the years through sustainable extraction and crafting of renowned wood types such as merbau and kemuning into quality decking products. Strategic geographical location and well established sea routes provide competitive logistic advantage to Asian decking manufacturers for global market reach and dominance in import reliant regions. The growing recognition and popularity of Asian hardwoods will likely cement Asia Pacific's position as the prime driver of future market expansion.