US Decking Market is expected to reach US$ 11.96 billion by 2030

Expansion in Residential Construction Propels US Decking Market Growth

According to the latest market study on “The US Decking Market Forecast to 2030 – Market Trend and Growth Opportunity Analysis – by Material, Application, and End Use,” the market was valued at US$ 8.84 billion in 2022 and is projected to reach US$ 11.96 billion by 2030; it is anticipated to record a CAGR of 3.8% from 2022 to 2030. The report highlights key factors contributing to the decking market and prominent players, along with their developments in the US market.

Decking is widely used in floor construction in residential spaces and commercial settings such as resorts, restaurants, cafes, supermarkets, theaters, stadiums, commercial spaces, and retail stores. Decking can be incorporated into retail environments to create inviting outdoor displays and seating areas. The rising demand for low-maintenance decking solutions is fundamentally reshaping the landscape of the decking market in the US. With an increasing emphasis on convenience, durability, and sustainability, homeowners gravitate toward decking materials that offer long-term benefits with minimal upkeep.

US Decking Market – by Country

Key factors bolstering the US decking market size include macroeconomic factors, growing residential construction, and repair & remodel spending in the country. According to a survey conducted by the International Casual Furnishings Association in 2023, 54% of Americans planned to purchase furnishing and decor products for their decks, yards, and patios. In 2023, 22% of Americans planned to upgrade flooring, and 17% planned to upgrade outdoor kitchens and bars. A rising preference for sustainable materials accompanied the growing demand for decking and renovating homes. The consumer demand for green construction materials further prompted the key market players to develop sustainable deck solutions. The “2023 Outdoor Living Trends” report published by the Trex Company revealed that the company upcycled over 2 million tons of plastic films for decking production in the past three decades.

The US decking market report emphasizes the key factors impacting the market. As the housing market experiences growth, propelled by population increase, urbanization trends, and favorable economic conditions, the demand for decking materials rises in tandem. The state government has focused on utilization of green materials for commercial construction. Newly constructed homes often feature outdoor living spaces as integral components of modern residential designs, with decks serving as focal points for leisure, entertainment, and relaxation. Likewise, renovation projects frequently include adding or enhancing outdoor areas, further fueling the demand for decking materials. According to Redfin, in January 2024, prices of houses in the US went up by 5.2% compared to 2023. The number of houses sold in January 2024 was 284,121, 1.8% higher than the number sold in January 2023. Therefore, the expansion in residential construction is expected to drive the US decking market growth.   

The US decking market trends include growing demand for sustainable decking options. The emphasis on sustainability has led to the development of eco-friendly decking materials made from recycled plastics, reclaimed wood fibers, and other renewable resources. These materials reduce the environmental impact of decking projects and appeal to environmentally conscious consumers seeking to minimize their carbon footprint. This shift in consumer preferences has propelled the adoption of decking materials made from recycled plastics, reclaimed wood fibers, and other renewable resources that minimize environmental impact. This trend is expected to drive continued growth and innovation within the market, with manufacturers investing in research and development to expand their offerings of eco-friendly materials and meet the evolving needs of environmentally conscious consumers. The continuously growing sustainable and green construction is expected to positively influence the US decking market share during the forecast period.

The US decking market analysis is carried out by identifying and evaluating key players in the market across different regions. Trex Co Inc, The Azek Co Inc, Nova USA Wood Products LLC, General Woodcraft Inc, Advantage Lumber LLC, Ipe Woods USA LLC, Iron Woods, Fortune Brands Innovations Inc, NewTechwood America Inc, and Barrette Outdoor Living Inc are among the key players profiled in the US decking market report.

The US decking market is segmented into material, application, and end use. Based on material, the market is segmented into wood (pressure-treated lumber, cedar, hardwood, and others), plastic (polyethylene, polypropylene, polyvinyl chloride, and others), composite, and others. By application, the market is divided into railing, floor, wall, and others. In terms of end use, the market is segmented into residential, commercial, and industrial.

Based on material, the wood segment held the largest US decking market share. Wood decking is a popular choice for residential and commercial outdoor spaces. It is available in various styles and types, such as pressure-treated lumber, hardwood, softwood, and modified wood. Pressure-treated lumber is commonly used in wood decking due to its durability and resistance to decay, rot, and insect infestation. Cedar is naturally resistant to rot, insect damage, and decay and has strong structural integrity. Cedar is a sustainable building material due to its relatively fast growth rate and renewable nature. Hardwood is sourced from tropical or exotic wood species such as oak, mahogany, ipe, and teak. Ipe wood is known for its high density and natural oils, contributing to its long lifespan and low maintenance requirements. The other segments of wood species include pine, fir, spruce, redwood, and modified wood. Pine wood is widely available and among the most affordable wood decking options, making it a popular choice for budget-conscious consumers.

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