Analyzing Decking Installation Market: Global Industry Perspective and Forecast (2024 to 2031)
Decking Installation Market Trends, Growth Opportunities, and Forecast Scenarios
The Decking Installation market is witnessing significant growth due to increasing demand for outdoor living spaces and renovation projects. The market is expected to experience a steady rise in the coming years as homeowners continue to invest in upgrading their outdoor spaces. Growing consumer interest in backyard entertainment areas, such as decks and patios, is a key driver for the market's growth.
One of the major trends in the Decking Installation market is the preference for low-maintenance and environmentally-friendly decking materials. Consumers are increasingly opting for composite decking materials over traditional wood due to their durability, low maintenance requirements, and sustainability. This shift towards eco-friendly decking options is expected to drive market growth in the forecast period.
Another trend shaping the market is the rise in DIY decking installations. Homeowners are becoming more inclined towards DIY projects to save costs and add a personal touch to their outdoor spaces. This trend opens up growth opportunities for decking manufacturers and retailers to provide easy-to-install decking kits and products tailored for DIY enthusiasts.
As the housing market continues to recover from the impact of the COVID-19 pandemic, the demand for decking installation services is expected to rise. Homeowners are prioritizing home improvement projects, including outdoor enhancements, to enhance the value and appeal of their properties. Overall, the Decking Installation market is poised for growth, driven by consumer preferences for outdoor living spaces, sustainable decking materials, DIY installations, and the recovering housing market.
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Decking Installation Market Competitive Analysis
The Decking Installation market is highly competitive with companies like Cali Bamboo, Lowe's, Cladco, C&L Ward, and Veranda Decking operating in the space. These companies offer a variety of decking products and services to meet customer needs. Cali Bamboo focuses on sustainable materials, Lowe's provides a wide range of options for DIY enthusiasts, Cladco offers cost-effective solutions, C&L Ward specializes in high-end installations, and Veranda Decking targets the mid-range market. These companies drive growth in the Decking Installation market through innovation, marketing strategies, and customer service.
- Cali Bamboo: $80 million
- Lowe's: $70 billion
- Veranda Decking: $50 million
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In terms of Product Type, the Decking Installation market is segmented into:
Composite decking installation involves using a mix of wood fibers and recycled plastic materials, providing durability and low maintenance. PVC decking, on the other hand, is made entirely of plastic for increased resistance to stains, scratches, and fading. These types of decking have gained popularity in the market due to their longevity, eco-friendliness, and aesthetic appeal. They require less upkeep compared to traditional wood decking, making them a cost-effective and sustainable choice for homeowners. The demand for composite and PVC decking installation continues to rise as consumers seek products that offer durability, sustainability, and ease of maintenance.
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In terms of Product Application, the Decking Installation market is segmented into:
Decking installation is used in residential, commercial, and public settings to provide an outdoor space for relaxation, entertainment, and dining. In residential areas, decks are often used for barbecues and outdoor gatherings. In commercial spaces, decks can create a welcoming outdoor seating area for restaurants and cafes. Public installations, such as parks and boardwalks, utilize decking for durability and aesthetics. The fastest growing application segment of decking installation in terms of revenue is the commercial sector, as more businesses invest in creating inviting outdoor spaces for customers. This growth is driven by the increasing popularity of outdoor dining and entertainment options.
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Decking Installation Industry Growth Analysis, by Geography
The decking installation market is experiencing significant growth in regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States (USA), and China due to increasing demand for outdoor living spaces. NA and APAC are expected to dominate the market with a market share of 35% and 30% respectively. Europe is projected to have a market share of 20%, while the USA and China are expected to have a market share of 10% each. This growth is driven by factors such as urbanization, growing disposable income, and a rise in the renovation and remodeling activities in these regions.
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