The North America decks market size is expected to reach USD 6.35 billion by 2030, registering a CAGR of 5.7% from 2023 to 2030, according to the report. The growth is attributed to the ongoing exponential rise in construction sector and rising home remodeling and landscaping activities in the region. The growing population, along with the rise in per capita income in countries such as the U.S. and Mexico, is leading to rapid urbanization. This is expected to bolster residential and non-residential construction projects, thus positively influencing the demand for decks over the forecast period.
The high adoption rate of deck building in North America in conjunction with increasing expenditure on new residential houses and repair & remodeling of existing construction is likely to be the major factor driving the demand for decks. In addition, the growing demand for composite decking is extensively adopted in residential buildings as it offers an aesthetic appeal and durability to the finished building. These factors are anticipated to boost the market growth over the forecast period.
The growing awareness of sustainable construction materials and green buildings in North America is expected to boost the construction of wooden decks in the coming years. Wood is cost-effective, environment-friendly, and easy to transport and handle than concrete and metal. The market growth is expected to be driven by their excellent durability, aesthetic appeal, and cost-effectiveness, as well as their easy processing and easy processing of wood.
The market is highly competitive due to the presence of large-scale manufacturers that offer a wide range of decks in various colors, sizes, and materials. Major companies constantly introduce new product lines or variations. They invest in expansions, collaborations, mergers & acquisitions, and research & development. For instance, in January 2022, Azek Company, Inc. acquired StruXure Outdoor, Inc., a manufacturer of high-quality aluminum pergolas and cabanas, to expand its position in outdoor living products and benefit its well-developed portfolio.
The high adoption rate of deck building in North America in conjunction with increasing expenditure on new residential houses and repair & remodeling of existing construction is likely to be the major factor driving the demand for decks. In addition, the growing demand for composite decking is extensively adopted in residential buildings as it offers an aesthetic appeal and durability to the finished building. These factors are anticipated to boost the market growth over the forecast period.
The growing awareness of sustainable construction materials and green buildings in North America is expected to boost the construction of wooden decks in the coming years. Wood is cost-effective, environment-friendly, and easy to transport and handle than concrete and metal. The market growth is expected to be driven by their excellent durability, aesthetic appeal, and cost-effectiveness, as well as their easy processing and easy processing of wood.
The market is highly competitive due to the presence of large-scale manufacturers that offer a wide range of decks in various colors, sizes, and materials. Major companies constantly introduce new product lines or variations. They invest in expansions, collaborations, mergers & acquisitions, and research & development. For instance, in January 2022, Azek Company, Inc. acquired StruXure Outdoor, Inc., a manufacturer of high-quality aluminum pergolas and cabanas, to expand its position in outdoor living products and benefit its well-developed portfolio.
North America Decks Market Report Highlights
- Based on material, the wood segment dominated the market with a share of 83.0% in 2022. Wood is a sustainable material which is easy to install, strong, and readily available. Moreover, the availability of wood and the trend of wood construction in countries such as the U.S. and Canada keep up the demand for wood for deck construction
- Based on level, the market is dominated by the single-level deck segment. The attached decks provide an accessible and practical extension of the living room, functioning as adaptable platforms for a variety of activities, including hosting parties and providing a relaxing recreational area
- The existing homes segment is expected to grow at the fastest CAGR of 5.8% over the forecast period. Decks are becoming a popular extension of living spaces in existing homes, with homeowners creating functional outdoor environments. Moreover, the shift in how decks are constructed, focusing on durability and ease of maintenance, has a profound impact on the aesthetics and value of existing homes
- The market is competitive and fragmented due to numerous small and medium-sized manufacturers operating at regional, country, and state levels. Major players have established global supply chains through in-house channels or third-party distributors, while industry players are expanding their geographic reach to exploit the untapped market to gain a competitive advantage
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Decks Market Variables, Trends & Scope
Chapter 4. North America Decks Market: Material Estimates & Trend Analysis
Chapter 5. North America Decks Market: Type Estimates & Trend Analysis
Chapter 6. North America Decks Market: Deck Level Estimates & Trend Analysis
Chapter 7. North America Decks Market: Deck Installation Level Estimates & Trend Analysis
Chapter 8. North America Decks Market: Size Estimates & Trend Analysis
Chapter 9. North America Decks Market: Construction Type Estimates & Trend Analysis
Chapter 10. North America Decks Market: Regional Estimates & Trend Analysis
Chapter 11. Supplier Intelligence
Chapter 12. Competitive Landscape
List of Tables
List of Figures
Companies Profiled
- Trex Company, Inc.
- Fiberon
- AZEK Company, Inc.
- Lumberock
- Cali Bamboo, LLC
- Deckorators, Inc.
- Wahoo Building Products
- Last-Deck, Inc.
- TRUNORTHDECK
- Nexan Building Products, Inc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 4.1 Billion |
| Forecasted Market Value ( USD | $ 6.35 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
