Key Takeaways
- In 2023, the global decking market size was valued at USD 8.12 billion and is projected to grow at a CAGR of 6.7% from 2024 to 2030
- The U.S. residential decking market reached $4.5 billion in revenue in 2022, with a forecasted annual growth rate of 5.2% through 2027
- Composite decking segment accounted for 42% of the total decking market share in North America in 2023, driven by durability preferences
- Composite decking sales in U.S. reached 25 million square feet in Q4 2023, up 18%
- Trex Company produced 120 million linear feet of composite decking in 2023
- U.S. wood decking production volume was 450 million board feet in 2022
- 68% of U.S. homeowners prefer low-maintenance composite decking over wood, per 2023 survey
- Average spend on new deck installation in U.S.: $15,200 in 2023, up 8% from 2022
- 45% of deck buyers in 2023 prioritized UV resistance and fading prevention
- Composite decking holds 55% U.S. market share by material type in 2023
- Pressure-treated lumber comprises 30% of decking materials used in U.S. 2023
- Wood-polymer composite (WPC) decking: 40% of global composite sales in 2023
- 62% of new decking products launched in 2023 were sustainable
- Decking waste recycled rate in U.S.: 75% for composites vs 40% wood in 2023
- Carbon footprint of composite decking: 50% lower than tropical hardwoods per sq ft 2023 study
The global decking market is growing steadily, driven by consumer preference for durable composite materials.
Consumer Behavior
- 68% of U.S. homeowners prefer low-maintenance composite decking over wood, per 2023 survey
- Average spend on new deck installation in U.S.: $15,200 in 2023, up 8% from 2022
- 45% of deck buyers in 2023 prioritized UV resistance and fading prevention
- Millennial homeowners (25-40) accounted for 52% of new deck purchases in U.S. 2023
- 72% of surveyed consumers want multi-functional decks with outdoor kitchens in 2023
- Online research influences 65% of decking purchases, with 40% buying online in 2023
- Women make 55% of decking purchasing decisions in households, per 2023 data
- 58% of U.S. decks built in 2023 were under 300 sq ft, average size 250 sq ft
- Eco-friendly decking chosen by 49% of buyers citing sustainability in 2023 survey
- Repeat buyers (replacing old decks) comprised 35% of 2023 market
- 61% prefer gray or driftwood color tones for decks in 2023
- Budget under $10,000 for 42% of new deck projects in 2023 U.S.
- 73% of consumers read reviews before buying decking materials in 2023
- Multi-level decks popular with 28% of buyers in urban areas 2023
- 51% integrate smart lighting in new decks per 2023 installs
- Homeowners aged 55+ represent 38% of deck renovation market 2023
- 67% cite ease of cleaning as top factor for composite choice 2023
Consumer Behavior Interpretation
Market Size & Growth
- In 2023, the global decking market size was valued at USD 8.12 billion and is projected to grow at a CAGR of 6.7% from 2024 to 2030
- The U.S. residential decking market reached $4.5 billion in revenue in 2022, with a forecasted annual growth rate of 5.2% through 2027
- Composite decking segment accounted for 42% of the total decking market share in North America in 2023, driven by durability preferences
- The wood decking market in Europe was valued at EUR 2.3 billion in 2022, expected to reach EUR 3.1 billion by 2028 at a CAGR of 5.1%
- Asia-Pacific decking market grew by 7.8% in 2023, reaching USD 1.9 billion, fueled by urbanization in China and India
- U.S. decking installations increased by 12% year-over-year in 2023, totaling 1.8 million decks built
- PVC decking market globally expanded to USD 1.2 billion in 2023, with a projected CAGR of 8.4% to 2030
- Canadian decking industry revenue hit CAD 1.1 billion in 2022, growing at 4.9% annually
- The premium decking segment in the U.S. saw a 15% growth in 2023, valued at $1.2 billion
- Global decking market expected to surpass USD 12 billion by 2028, with composites leading at 55% share
- U.S. decking market CAGR stood at 5.8% from 2018-2023, reaching $5.2 billion in 2023
- Latin America decking market valued at USD 450 million in 2023, growing 6.2% CAGR
- Australian decking sector revenue was AUD 850 million in 2023, up 4.5% YoY
- Middle East decking market projected to grow from USD 300 million in 2023 at 7.1% CAGR to 2030
- UK decking market size estimated at GBP 450 million in 2023, with 5.3% growth forecast
Market Size & Growth Interpretation
Material Statistics
- Composite decking holds 55% U.S. market share by material type in 2023
- Pressure-treated lumber comprises 30% of decking materials used in U.S. 2023
- Wood-polymer composite (WPC) decking: 40% of global composite sales in 2023
- PVC decking market share grew to 15% in North America by 2023
- Redwood decking usage: 2% of total U.S. market, but 12% in premium segment 2023
- Aluminum decking sales up 25% to 5% market share in coastal areas 2023
- Tropical hardwoods like ipe: 8% of high-end decking installs 2023
- Capped composite decking: 75% of all composites sold in U.S. 2023
- Bamboo decking represents 1.5% global eco-material share 2023
- Cedar decking: 18% of wood segment in Western U.S. 2023
- Recycled plastic in decking: average 60% content in composites 2023
- HDPE plastic usage in decking boards: 45% of PVC-free composites 2023
- Mahogany decking imports declined 10% to 3% share in 2023
Material Statistics Interpretation
Production & Sales
- Composite decking sales in U.S. reached 25 million square feet in Q4 2023, up 18%
- Trex Company produced 120 million linear feet of composite decking in 2023
- U.S. wood decking production volume was 450 million board feet in 2022
- TimberTech sold over 15 million square feet of deck boards in 2023 across North America
- Global PVC decking production capacity hit 500,000 tons in 2023
- AZEK Company reported 95 million pounds of decking material produced in fiscal 2023
- Cedar decking sales in Canada totaled 30 million board feet in 2023, up 10%
- Fiberon brand decking shipments reached 20 million linear feet in 2023
- U.S. pressure-treated lumber for decking sales: 1.2 billion board feet in 2023
- European WPC decking production grew to 250,000 tons annually by 2023
- Ipe hardwood decking imports to U.S.: 5 million board feet in 2023
- MoistureShield brand produced 12 million square feet of capped composite in 2023
- U.S. decking retail sales through big box stores: $2.8 billion in 2023
- Brazilian ipe exporter sales for decking: 8 million sq ft to North America in 2023
- Deckorators sold 18 million linear feet of composite railing and decking in 2023
Production & Sales Interpretation
Regional & Global Statistics
- Southeast U.S. leads with 35% of national decking installs in 2023
- Midwest U.S. decking market: 22% share, average deck size 320 sq ft 2023
- California residential decks: 450,000 sq ft installed monthly average 2023
- Florida composite decking demand: 28% above national average 2023
- Ontario Canada decking builds: 120,000 units in 2023, up 9%
- Germany decking market: 15% composite share, highest in EU 2023
- Australia Queensland region: 40% of national deck sales 2023
- India decking growth: 12% CAGR, urban installs up 25% 2023
- Texas U.S. decks average cost: $18,500, highest in South 2023
- UK South East England: 45% of decking market volume 2023
- Brazil export decking to U.S.: 15% increase to 12 million sq ft 2023
- Northeast U.S. winter-resistant decking sales: 18% market 2023
- China domestic decking production: 60% of Asia-Pacific total 2023
- New Zealand decking imports: NZD 120 million, mostly composites 2023
- Mexico border states decking boom: +22% growth 2023
Regional & Global Statistics Interpretation
Sustainability & Trends
- 62% of new decking products launched in 2023 were sustainable
- Decking waste recycled rate in U.S.: 75% for composites vs 40% wood in 2023
- Carbon footprint of composite decking: 50% lower than tropical hardwoods per sq ft 2023 study
- 85% of leading brands use FSC-certified wood in 2023 decking lines
- Bio-based decking innovations grew 20% in R&D investment 2023
- Water usage in decking production: composites 30% less than wood treatment 2023
- 40% of consumers willing to pay 15% premium for sustainable decking 2023
- Recovered ocean plastic used in 12% of composite decking 2023
- Deck lifespan extension via sustainable coatings: +25 years average 2023 tests
- EU regulations drove 35% shift to recycled content decking by 2023
- Solar-integrated decking products launched: 15 new models in 2023
- Low-VOC sealers used in 70% of wood decking projects 2023
- Circular economy decking recycling programs cover 60% U.S. market 2023
- 55% reduction in deforestation linked to composite adoption since 2018-2023
- Plant-based resins in decking: 8% market penetration globally 2023
Sustainability & Trends Interpretation
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