Global Wooden Decking Market Report Finds Intensification of Remodeling Activities Spurring Growth

ReasearchAndMarkets.com has released the “Global Wooden Decking Market 2022-2028” report.

The report states that the global wooden decking market will advance with a CAGR of 4.82% in the forecasted period from 2022 to 2028.

Factors such as elevated housing and infrastructure demand in advanced economies, along with a rise in affordable housing projects are primarily contributing to the market growth. In addition, intensified remodeling activities have also enhanced the demand for wooden decking.

On the other hand, the growing preference for and usage of alternative wooden decking materials is affecting growth. However, there is an increase in green building construction, which has raised the demand for wooden decks. This is expected to generate growth opportunities for the market.

The global market for wooden decking spans across Europe, Asia-Pacific, North America, Latin America, and the Middle East and Africa. The Asia-Pacific region is expected to observe the fastest growth over the forecasted period. Several governments in the region provide tax benefits to encourage investment in wood decking, which is likely to support the market’s growth.

North America is the leading market globally, accounting for the largest share in 2021. Its growth can be largely accredited to the presence of a large number of market players. In addition, the United States and Canada are witnessing notable growth in construction activities, which is expected to elevate the demand for wood decking in the region.

For more information about this report visit www. researchandmarkets.com.