According to a new report published by Allied Market Research, titled, "Decking And Railing Market," The decking and railing market was valued at $9.8 billion in 2020, and is estimated to reach $18.1 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.
The rise in the number of home remodeling projects globally fuels the growth of the decking and railing market. Many remodeling projects involve updating and upgrading existing decks and railing systems. As decking and railing materials age or become outdated, homeowners may opt to replace them with newer, more durable, and visually appealing options. This leads to increased sales of decking and railing products, as homeowners invest in modernizing and enhancing their outdoor spaces. Moreover, the demand for decking and railing materials will rise as a result of the increase in new home building. There are several uses for decking and railing solutions due to the range of residential developments being conducted. This includes common rooftop decks, balconies, patios, and terraces in addition to classic backyard decks. As a result, a wider range of demands and tastes can be met by the decking and railing sector. For instance, in March 2023, DLF, a reputable real estate development company, will invest $425 million over the following four years in the creation of a new luxury housing project in Gurugram, India, in order to accommodate the growing demand for residential houses. However, the fluctuating cost of raw materials used for manufacturing decking and railing is expected to have a negative impact on market growth.
The decking and railing market is segmented on the basis of composition, product type, material, application, and region. By composition, the market is bifurcated into solid and hollow. Furthermore, the product type segment is further categorized into Decking and Railing. Depending on the material, the market is categorized into wood, PVC, fiber cement, composite, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Sweden, UK, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the decking and railing market are provided in the report. Major companies in the report include Fortress Building Products, LLC, Trex Company, Inc., GREEN BAY DECKING, UPM, Fortune Brands Innovations, Inc. (Fiberon), UFP Industries, Inc., Axion Structural Innovations LLC, Genova Products Inc., Shanghai Seven Trust Industry Co., Ltd., and The AZEK Company Inc. (TimberTech). Major players to remain competitive adopt development strategies such as product launch and partnerships.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decking and railing market analysis from 2020 to 2032 to identify the prevailing decking and railing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the decking and railing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global decking and railing market trends, key players, market segments, application areas, and market growth strategies.
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- Analysis of raw material in a product (by %)
- Manufacturing Capacity
- End user preferences and pain points
- Product Benchmarking / Product specification and applications
- Senario Analysis & Growth Trend Comparision
- Upcoming/New Entrant by Regions
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Application
- Residential
- Non residential
By Composition
By Product Type
By Material
- Wood
- Wood Type
- Pressure Treated Wood
- Redwood
- Cedar
- Hardwood
- Thermally Modified Wood
- PVC
- Fiber Cement
- Composite
- Type
- Capped
- Uncapped
- Resin Type
- Polypropylene
- Polyethylene
- Other
By Region
- North America
- Europe
- Germany
- France
- UK
- Sweden
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- UPM
- Trex Company, Inc.
- GREEN BAY DECKING
- Fortune Brands Innovations, Inc. (Fiberon)
- UFP Industries, Inc.
- Axion Structural Innovations LLC
- Genova Products Inc.
- Shanghai Seven Trust Industry Co., Ltd.
- The AZEK Company Inc. (TimberTech)
- Fortress Building Products, LLC