The worldwide market for wood deck is forecast to cross $18.04 billion by 2027, according to a new report by Global Market Insights.
Although residential will continue to dominate demand—accounting for about 70%, emerging applications will also spark increases in the commercial sector due to wood’s cost effectiveness, particularly in resorts, hotels and offices.
In 2020, pressure-treated wood decking accounted for a 48% share in the global wooden decking market, and is expected to grow 2.8% per year over the next six years.
North America dominated the global wooden decking market with a roughly 35% share in 2020, in both new construction and renovations.
International hot-spots for growth include China, India, Indonesia, Malaysia, Brazil and South Africa.