Industry News

Decking Continues Surging Worldwide

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.

 

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.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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