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Decking And Railing Market By Composition, By Product Type, By Material, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032
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Decking And Railing Market-IMG1

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According to a new report published by Allied Market Research, titled, "Decking And Railing Market," The decking and railing market was valued at $9.8 billion in 2020, and is estimated to reach $18.1 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.

Decking And Railing Market - IMG1

The rise in the number of home remodeling projects globally fuels the growth of the decking and railing market. Many remodeling projects involve updating and upgrading existing decks and railing systems. As decking and railing materials age or become outdated, homeowners may opt to replace them with newer, more durable, and visually appealing options. This leads to increased sales of decking and railing products, as homeowners invest in modernizing and enhancing their outdoor spaces. Moreover, the demand for decking and railing materials will rise as a result of the increase in new home building. There are several uses for decking and railing solutions due to the range of residential developments being conducted. This includes common rooftop decks, balconies, patios, and terraces in addition to classic backyard decks. As a result, a wider range of demands and tastes can be met by the decking and railing sector. For instance, in March 2023, DLF, a reputable real estate development company, will invest $425 million over the following four years in the creation of a new luxury housing project in Gurugram, India, in order to accommodate the growing demand for residential houses. However, the fluctuating cost of raw materials used for manufacturing decking and railing is expected to have a negative impact on market growth.

The decking and railing market is segmented on the basis of composition, product type, material, application, and region. By composition, the market is bifurcated into solid and hollow. Furthermore, the product type segment is further categorized into Decking and Railing. Depending on the material, the market is categorized into wood, PVC, fiber cement, composite, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Sweden, UK, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competition Analysis

Competitive analysis and profiles of the major players in the decking and railing market are provided in the report. Major companies in the report include Fortress Building Products, LLC, Trex Company, Inc., GREEN BAY DECKING, UPM, Fortune Brands Innovations, Inc. (Fiberon), UFP Industries, Inc., Axion Structural Innovations LLC, Genova Products Inc., Shanghai Seven Trust Industry Co., Ltd., and The AZEK Company Inc. (TimberTech). Major players to remain competitive adopt development strategies such as product launch and partnerships.

Key Benefits For Stakeholders

Additional benefits you will get with this purchase are:

Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)

Key Market Segments

By Application

By Composition

By Product Type

By Material

By Region

Key Market Players:

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: DECKING AND RAILING MARKET, BY COMPOSITION

CHAPTER 5: DECKING AND RAILING MARKET, BY PRODUCT TYPE

CHAPTER 6: DECKING AND RAILING MARKET, BY MATERIAL

CHAPTER 7: DECKING AND RAILING MARKET, BY APPLICATION

CHAPTER 8: DECKING AND RAILING MARKET, BY REGION

CHAPTER 9: COMPETITIVE LANDSCAPE

CHAPTER 10: COMPANY PROFILES

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