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Wooden Decking Market Share

Report ID: GMI3771
Published Date: May 2024
Report Format: PDF

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Wooden Decking Market Share

Wooden Decking Company Market Share Analysis, (2023)

The key players operating in the market are UPM, Weyerhaeuser Company, West Fraser, Metsä Group, and James Latham PLC all together comprises a market share of 20 - 25% in 2023. The market is highly fragmented. These players focus on strategic partnerships and new screen size launches & commercialization for market expansion. The market offers a wide variety of wood types such as pressure-treated, cedar, redwood, composite materials, and styles such as traditional, grooved, hidden fastener. This allows various players to compete based on their expertise in specific product categories.

There was a significant decrease in revenues of major companies such as West Fraser, Metsa. For instance, SYP production volumes of West Fraser decreased in 2023 due to operational cutbacks at their lumber mill in Perry, Florida, and inventory management curtailments. Cost inflation in various inputs, including supplies, energy, labor, and transportation eased. The costs of products sold decreased compared to 2022, primarily due to lower log and manufacturing costs in Canadian operations, reduced SYP shipment volumes, and a favorable $77 million variance related to inventory write-downs. Lower inventory valuation reserves were recorded in 2023 due to decreased inventory costs, particularly lower log costs, and reduced overall inventory levels.

Wooden Decking Market Companies

Major players operating in the wooden decking industry include:

Alfresco Floors
AZEK Building Products
DuraLife
Fiberon
Humboldt Redwood Company
Inovar Floors
James Latham PLC
Kebony
Koppers
Metsa Group
Thermory AS
Trex Company, Inc.
UPM
United Construction Products
Universal Forest Products
Vetedy Group
West Fraser
Weyerhaeuser Company

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Wooden decking market size was USD 5.40 billion in 2023 and is expected to register 7.1% CAGR from 2024-2032 owing to its aesthetic appeal along with rising sustainability trends, and outdoor living popularity worldwide.

Wooden decking industry from the pressure-treated wood segment held 36.1% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to offering a cost-effective solution for decking projects while providing decent durability and resistance to rot and insects.

North America wooden decking industry held 30.5% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to a strong tradition of outdoor living and recreational activities in the region.

Fiberon, Inovar Floors, James Latham PLC, Kebony, Koppers, Metsa Group, Thermory AS, Trex Company, Inc., UPM, United Construction Products, Universal Forest Products, Vetedy Group, West Fraser, and Weyerhaeuser Company, are some of the major wooden decking companies worldwide.