Published Date: 2021-04-07
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European Wooden Decking Market size is projected to reach USD 5.5 billion by 2027, according to a latest forecast report by Graphical Research. The escalating demand for deck woods for the construction of new and luxury houses coupled with the rising need to maintain and repair the aging buildings are likely to propel the industry growth.
Additionally, the European wooden decking market growth is owing to the rising spending on construction activities. The consumption of tropical timber and timber products has been improving in European countries. The increasing availability of chemically & thermally treated softwoods and hardwood is significantly fueling their consumption in joinery, furniture, and garden products, such as decking. Wooden decks are used in multiple ways; as a substitute for stone patios, in garden landscaping, and as an extension to the living area. Additionally, the availability of diverse wood products acts as a catalyst for the product demand. Some of the major timber importing countries, such as Germany, Netherlands, France, and Belgium are playing key roles in the development of the market.
On the other hand, the preference for Wood Plastic Composite (WPC) by some consumers over wood products for decking, garden products, and fences is hampering the growth of the wooden decking market. Moreover, the European construction industry has taken a massive hit from the outbreak of the COVID-19 pandemic. Most of the construction projects were put on hold following the imposition of lockdowns by several governments. As a result, the wooden decking industry experienced a temporary decline in revenue generation.
Browse detailed statistical insights from the report, “Europe Wooden Decking Market Size By Application (Walls, Railing, Floors, Others), By Type (Redwood, Cedar, Pressure-treated Wood, Others), By End-user (Non-residential {New construction, Repair/Replacement}, Residential {New construction, Repair/Replacement}), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1748/europe-wooden-decking-market
Based on the product type, pressure-treated wood segment is estimated to account for over 45% of the market share by 2027. Pressure-treated wood is produced by injecting preservative chemicals into the wood in a vacuum-sealed pressurized tank. The chemicals used during the pressure treatment process are crucial to the performance of the wood. The treatment makes the wood rot resistant and offers a lifespan of up to forty years. The extended durability and weather resistance properties are some of the key factors significantly fueling the demand for pressure-treated wood and hence driving the market size.
Based on end-user, the residential sector is likely to register substantial growth over the forecast timespan on account of rising per capita income and growing disposable income are driving the construction of modern luxury houses. Additionally, the transforming lifestyle of people due to the increasing number of high net worth individuals in the region is catalyzing residential construction activities. For instance, in 2019, Europe reflected an 8.7% rise in the number of HNWI compared to the year before. The disposable incoming is compelling consumers to install luxurious and aesthetically appealing materials in houses.
Some of the key industry participants include Koppers Inc., Vetedy Group, Alfresco Floors Ltd., Metsä Group, Thermory AS, JAF International Services Ltd., EasyDeck, Parlato Srl., Iperwood SRL, Top Timber SL, Buyrite Enterprises Ltd., BSW Timber Ltd., and The Millboard Company Ltd.
The European wooden decking market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Type
Europe Market, By Application
Europe Market, By End-user
The above information has been provided for the following countries:
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