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Report Overview
The global decks market size reached around USD 14.10 Billion in 2023. The market is projected to grow at a CAGR of 6.10% between 2024 and 2032 to reach nearly USD 24.02 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Bamboo decks can annually sequester around 12 tons of CO2 per hectare. This can increase the decks market revenue.
- Proper waste management, especially by the construction industry, can result in over 10% reduction in GHG emissions.
- As per industry reports, 1 m3 of wood can sequester nearly 1 ton of carbon emissions.
Global Decks Market Growth
The National Association of Realtors, in collaboration with the National Association of Landscape Professionals, discovered that most people add wooden decks into their home remodelling project to improve its liveability (48%), upgrade worn-out materials, surfaces, and finishes (37%), achieve better functionality (49%), and experience more joy (74%). As per the decks market analysis, 81% of Americans reportedly want to spend more time at home after finishing these projects.
The trend of personalisation and customisation is making significant inroads, which is enabling consumers to design unique decks that meet their specific requirements. This includes a storage-cum-seating bench or a customised railing which adds to the aesthetic appeal of the house. This is expected to lead to the decks market expansion. Moreover, rapid technological advancements are prompting architectural firms to integrate smart LED lights, smart outdoor furniture, heaters, and speakers into the deck design. This is offering an increased level of comfort and convenience for homeowners, which is leading to the market growth. Composite decking, created from recycled plastic and wood, is expected to find increasing application in deck construction over the forecast period amid the growing trend of sustainability.
Compound Annual Growth Rate
Value in USD Billion
6.1%
2024-2032
Decks Market Outlook
*this image is indicative*
Key Trends and Developments
The growing use of eco-friendly materials; evolving application of different colours of decks; increasing demand for decking solutions for seamless indoor-outdoor transition; and the rising demand for multifunctional spaces are favouring the decks market growth
Growing use of eco-friendly materials
Composite decking, which is created by blending recycled plastics and wood fibres, has gained significant traction, owing to its eco-friendly credentials, longevity, and minimal maintenance requirements. Besides, reclaimed wood and bamboo are also becoming popular among consumers for creating decks.
Evolving application of different colours of decks
Architectural firms are using rich blues and energetic reds to create visually striking decks which not only enhance the personality of outdoor spaces but also create a relaxing and entertaining environment.
Rising demand for decks that enable seamless indoor-outdoor transition
To enhance the overall sense of cohesion, home builders are using materials that complement the home’s interior on their decks and incorporating sliding doors to ensure unobstructed transition. This is favourably shaping the decks market dynamics.
Increasing demand for multifunctional spaces
The growing consumer desire for maximising the versatility and utility of outdoor living areas is expected to transform the market trajectory, as companies turn decks into multifunctional spaces which can serve to entertain, relax, or enhance work productivity for consumers.
Global Decks Market Trends
Decks are an important architectural feature of many homes that can serve to enhance their value and increase their functionality. They provide a safe space for unwinding mentally and ensure adequate protection of privacy. As per the decks market analysis, single-family houses in New England (76%), the West North Central and the Middle Atlantic region (42% each), and the East South-Central region (33%) typically install decks in the United States. While the preference for patios has grown steadily in recent years, decks continue to enjoy stable demand, as they have a higher resale value and can be easily customised in different shapes and sizes. They are also well-suited for hot climates.
Global Decks Industry Segmentation
The EMR’s report titled “Global Decks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Material
- Wood
- Metal
- Plastics and Composites
- Concrete
Breakup by Application
- Railing
- Walls
- Floors
- Others
Breakup by End-Use
- Residential
- Non-Residential
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Decks Market Share
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is estimated to grow at a CAGR of 7.1% due to the rapid growth of the residential housing sector and rising consumer appeal for multifunctional spaces. The decks market development in the region can also be attributed to the increasing appeal for undertaking house remodelling projects by consumers and the increasing use of eco-friendly materials.
Leading Companies in the Global Decks Market
Major players are introducing bold and vibrant colours into deck design, which is expected to fuel the decks market development in the forecast period.
Fortune Brands Innovations, Inc.
Fortune Brands Innovations, Inc. was founded in 2011 and is headquartered in Illinois, United States. It is primarily involved in producing home and security products.
Alfresco Floors Ltd.
Alfresco Floors Ltd. was founded in 2014 and is headquartered in England, United Kingdom. It specialises in de...
The AZEK Company Inc.
The AZEK Company Inc. was founded in 1983 and is headquartered in Illinois, United States. It manufactures bui...
Trex Company, Inc
Trex Company, Inc. was founded in 1996 and is headquartered in Virginia, United States. It is the world’s bi...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the decks market report are Metsä Group, Vetedy Group, Nexan Building Products, Inc., Deck West, Verco Decking, Inc., and CSM Products & Solutions, LLC, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 14.10 Billion.
The market is projected to grow at a CAGR of 6.10% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 24.02 Billion by 2032.
The different regions considered in the market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different materials used for making decks are wood, metal, plastics and composites, and concrete.
The different applications of decks are railing, walls, and floors, among others.
The different end-uses of decks are residential and non-residential.
Key players in the market are Fortune Brands Innovations, Inc., The AZEK Company Inc., Trex Company, Inc., Metsä Group, Vetedy Group, Alfresco Floors Ltd., Nexan Building Products, Inc., Deck West, Verco Decking, Inc., and CSM Products & Solutions, LLC, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by End-Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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