Market by Product Type, Application, End-user, and Country Outlook | Forecast 2022-2028
A study by Triton Market Research shows that the Middle East and Africa’s wooden decking market will progress with a CAGR of 4.95% in the forecast period from 2022-2028.
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The
countries analyzed in this market include:
• Saudi
Arabia
• Turkey
• South
Africa
• The
United Arab Emirates
• Rest
of Middle East & Africa
Saudi
Arabia is the leading market in the region,
accounting for the highest share in 2021. The wooden decking market in the
Middle East and Africa is likely to benefit from enhanced foreign investments
in the construction sector. An increase in the number of renovation projects is
also expected to influence the demand for wood decking. Additionally, the construction
of multibillion-dollar projects and the emergence of megacities are expected to
drive the growth of the studied market.
Several government initiatives, such as the
Ministry of Education Strategic Plan 2017-2021, the Sheikh Zayed Housing
Program, the National Strategy of Higher Education 2030, the Dubai Tourism
Strategy, and the Energy Strategy 2050, present promising growth opportunities
for the construction sector of the United Arab Emirates. The resulting growth
in residential and commercial properties would augment the demand for wooden
decking in the country.
In Saudi Arabia, the government is focusing on
diversifying the economy so as to minimize the country’s dependence on the oil
market. The efforts to meet Vision 2030 goals and the accompanying National
Transformation Plan (NTP) enhanced spending in numerous areas, including
education and healthcare, in order to promote economic growth. The country’s
industrial sector, along with commercial building construction activities, has
observed growth as a result of government & private investments in several
areas. This will be a key factor driving the demand for wood decking in the
forthcoming years.
Redwood is naturally resistant to weathering and
wood-boring insects, and it does not require using preservative chemicals. It
is the most fire-resistant decking material available in the market. Though
redwood is widely preferred, due to limited supply and environmental concerns,
it is available in less quantities, and thus, is costly as well.
Triton’s
report assesses the market according to product type, end-user, and
application. Here, the
product type segment comprises redwood, tropical hardwood, cedar, wood-plastic
composites (WPC), pressure-treated wood, and other product types.
The
leading companies in the wooden decking market include Kebony, UFP Industries
Inc, Humboldt Sawmill Company LLC, Weyerhaeuser Company, Azek Company Inc,
Inovar Floor, Metsä Group, Deck Solutions LLC, NeoTimber, and West Fraser
Timber Co Ltd.
Founded in 1983, Azek Company Inc designs and
manufactures outdoor living products, such as decking, railing, and trimming
accessories. It operates two business segments, which include Residential and
Commercial. The company offers both capped wood composite-based and polyvinyl
chloride (PVC)-based decking products. Almost every product in its portfolio is
developed from up to 100% recycled material. Azek has its operation sites in
the Middle East and Africa, along with other regions.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the wooden decking market revenue growth in the Middle East and Africa and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the Middle
East and Africa wooden decking market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA WOODEN DECKING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE WOODEN DECKING MARKET
2.2. KEY
INSIGHT
2.2.1. WIDESPREAD
USE OF ACETYLATED WOOD IN WOODEN DECKING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. VALUE
CHAIN ANALYSIS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. INTENSIFICATION
OF REMODELING ACTIVITIES
2.8.2. ELEVATED
DEMAND FOR HOUSING AND INFRASTRUCTURE IN ADVANCED ECONOMIES
2.8.3. INCREASE
IN AFFORDABLE HOUSING PROJECTS
2.9. MARKET
CHALLENGE
2.9.1. GROWING
USAGE OF ALTERNATIVE WOOD DECKING MATERIALS
2.10. MARKET
OPPORTUNITY
2.10.1. RISING
DEMAND FOR WOODEN DECKS DUE TO AN INCREASE IN GREEN BUILDING CONSTRUCTION
3. MIDDLE
EAST AND AFRICA WOODEN DECKING MARKET OUTLOOK – BY PRODUCT TYPE
3.1. PRESSURE-TREATED
WOOD
3.2. REDWOOD
3.3. TROPICAL
HARDWOOD
3.4. CEDAR
3.5. WOOD-PLASTIC
COMPOSITES (WPC)
3.6. OTHER
PRODUCT TYPES
4. MIDDLE
EAST AND AFRICA WOODEN DECKING MARKET OUTLOOK – BY APPLICATION
4.1. RAILING
4.2. FLOOR
4.3. WALL
4.4. OTHER
APPLICATIONS
5. MIDDLE
EAST AND AFRICA WOODEN DECKING MARKET OUTLOOK – BY END-USER
5.1. RESIDENTIAL
5.2. NON-RESIDENTIAL
6. MIDDLE
EAST AND AFRICA WOODEN DECKING MARKET – COUNTRY OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. SAUDI
ARABIA
6.3. TURKEY
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. AZEK
COMPANY INC
7.2. SETRA
GROUP AB
7.3. UPM-KYMMENE
OYJ
7.4. METSÄ
GROUP
7.5. VETEDY
GROUP
7.6. UFP
INDUSTRIES INC
7.7. INOVAR
FLOOR
7.8. DECK
SOLUTIONS LLC
7.9. HUMBOLDT
SAWMILL COMPANY LLC
7.10. WEYERHAEUSER
COMPANY
7.11. WEST
FRASER TIMBER CO LTD
7.12. DURALIFE
DECKING & RAILING SYSTEMS
7.13. THERMORY
AS
7.14. NEOTIMBER
7.15. FIBERON
7.16. MENDOCINO
FOREST PRODUCTS COMPANY LLC
7.17. TREX
COMPANY INC
7.18. KEBONY
7.19. TECNODECK
(MITTERA GROUP)
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: VALUE CHAIN ANALYSIS
FIGURE 3: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 4: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $
MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 11: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: UNITED ARAB
EMIRATES WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: SAUDI ARABIA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: TURKEY WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH AFRICA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: REST OF MIDDLE EAST
& AFRICA WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)