Technavio
Announces the Publication of its Research Report Global Decking Market
2016-2020
Technavio recognizes the following companies as the key players in the global decking market: Advanced Environmental Recycling Technologies, Advantage Trim & Lumber, Fiberon, Timber Holding USA, TimberTech, and Trex
Other Prominent Vendors in the market are: Accsys Technologies, Boral, Cali Bamboo, Dasso, East Teak Fine Hardwoods, Eva-Last, Kayu, MOSO, Roseburg, Millboard, Outdoor Structures Australia, TAMKO, UPM, Vetedy, Westwood, Western Forest Products
Commenting on the report, an analyst from Technavio’s team said: “As an outdoor living space, decks need to have low annual maintenance. Vendors, such as Trex, TimberTech, and Millboard, provide such decks. As the residential market is picking up pace, for instance in countries such as the US and Canada, there are numerous growth opportunities expected during the forecast period. The trend of bringing the indoor living space to outdoors has created a seamless transition between the interior and exterior of a house.”
Technavio recognizes the following companies as the key players in the global decking market: Advanced Environmental Recycling Technologies, Advantage Trim & Lumber, Fiberon, Timber Holding USA, TimberTech, and Trex
Other Prominent Vendors in the market are: Accsys Technologies, Boral, Cali Bamboo, Dasso, East Teak Fine Hardwoods, Eva-Last, Kayu, MOSO, Roseburg, Millboard, Outdoor Structures Australia, TAMKO, UPM, Vetedy, Westwood, Western Forest Products
Commenting on the report, an analyst from Technavio’s team said: “As an outdoor living space, decks need to have low annual maintenance. Vendors, such as Trex, TimberTech, and Millboard, provide such decks. As the residential market is picking up pace, for instance in countries such as the US and Canada, there are numerous growth opportunities expected during the forecast period. The trend of bringing the indoor living space to outdoors has created a seamless transition between the interior and exterior of a house.”
According to
the report, the global decking market is highly driven by the residential,
non-residential, public, and private construction activities and by consumer
wealth and increased spending. In the US, depressed housing market was a key
aspect of the global financial crisis when the housing activity plunged to
record low in 2009. However, a recovery in residential housing construction has
gained momentum with annual new housing projects in 2014 reaching over 1
million for the first time since 2007.
Further, the report states that one of the biggest challenges faced by the timber deck market and the wood industry, in general, is the authenticity of the wood taken. Many consumers are aware of the impact of deforestation and the way the wood is procured. They seek wood products and lumber, which are eco-labelled, and ensure that the wood comes from a plantation where the harvest is replaced with new plants. Thus, by bearing a logo from a reliable expert such as Forest Stewardship Council (FSC), the company can save a lot of time and problems related to customer query and surveys regarding the reliability of the wood and lumber products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that one of the biggest challenges faced by the timber deck market and the wood industry, in general, is the authenticity of the wood taken. Many consumers are aware of the impact of deforestation and the way the wood is procured. They seek wood products and lumber, which are eco-labelled, and ensure that the wood comes from a plantation where the harvest is replaced with new plants. Thus, by bearing a logo from a reliable expert such as Forest Stewardship Council (FSC), the company can save a lot of time and problems related to customer query and surveys regarding the reliability of the wood and lumber products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Decking
Decking finds applications in the residential and non-residential sectors. Different types of woods are used for different applications. For instance, treated lumber (mainly softwood) is used for the substructure part of the deck. For the surface part of the deck, either hardwood or WPCs are preferred. The type of the wood used is named after the area from where the wood is harvested. For instance, the tropical wood used for decking is procured from the tropical forests. Apart from tropical wood, there are different varieties of wood used for decking. WPC decking uses the leftover timber from sawmills for making WPCs.
Technavio’s analysts forecast the global decking market to grow at a CAGR of 6.23% during the period 2016-2020.
Decking finds applications in the residential and non-residential sectors. Different types of woods are used for different applications. For instance, treated lumber (mainly softwood) is used for the substructure part of the deck. For the surface part of the deck, either hardwood or WPCs are preferred. The type of the wood used is named after the area from where the wood is harvested. For instance, the tropical wood used for decking is procured from the tropical forests. Apart from tropical wood, there are different varieties of wood used for decking. WPC decking uses the leftover timber from sawmills for making WPCs.
Technavio’s analysts forecast the global decking market to grow at a CAGR of 6.23% during the period 2016-2020.
Covered in
this report
The report
covers the present scenario and the growth prospects of the global decking
market for 2016-2020. To calculate the market size, the report considers the
revenue generated from the from sales of different types of decking.
The market is divided into the following segments based on geography:
• APAC
• EU
• North America
• ROW
Technavio's report, Global Decking Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Advanced Environmental Recycling Technologies
• Advantage Trim & Lumber
• Fiberon
• Timber Holding USA
• TimberTech
• Trex
Other prominent vendors
• Accsys Technologies
• Boral
• Cali Bamboo
• Dasso Group
• East Teak Fine Hardwoods
• Eva-Last
• Kayu
• MOSO
• Roseburg
• Millboard
• Outdoor Structures Australia
• TAMKO
• UPM
• Vetedy
• Westwood Group
• Western Forest Products
Market driver
• Growth of global construction industry
• For a full, detailed list, view our report
Market challenge
• Ethical responsibility concerning the use of tropical wood
• For a full, detailed list, view our report
Market trend
• Increased traction in plastic and aluminum decking
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
The market is divided into the following segments based on geography:
• APAC
• EU
• North America
• ROW
Technavio's report, Global Decking Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Advanced Environmental Recycling Technologies
• Advantage Trim & Lumber
• Fiberon
• Timber Holding USA
• TimberTech
• Trex
Other prominent vendors
• Accsys Technologies
• Boral
• Cali Bamboo
• Dasso Group
• East Teak Fine Hardwoods
• Eva-Last
• Kayu
• MOSO
• Roseburg
• Millboard
• Outdoor Structures Australia
• TAMKO
• UPM
• Vetedy
• Westwood Group
• Western Forest Products
Market driver
• Growth of global construction industry
• For a full, detailed list, view our report
Market challenge
• Ethical responsibility concerning the use of tropical wood
• For a full, detailed list, view our report
Market trend
• Increased traction in plastic and aluminum decking
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table
of content: https://marketreportscenter.com/reports/470061/global-decking-market-2016-2020#toc
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