The global market for timber decking is expected to grow at a CAGR of almost 5% between 2016 and 2020. The growth of this market can be accredited to the increased availability of chemically and thermally treated softwood.
There has been an increase in the demand for tropical timber for applications like decking, furniture, and joinery owing to the ready availability of chemically and thermally treated softwood and temperature hardwood.
Treated wood is also used in almost 90% of decks because of their low cost and additional benefits such as durability and longer life span. Currently, North America dominates the global timber decking market by accounting for almost 39% of the overall market share. The increased demand for new housing projects coupled with growth opportunities in emerging markets such as Mexico will contribute to the growth of the timber decking market in North America during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the timber decking segments based on the end user.