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Showing posts with label composite deck. Show all posts
Showing posts with label composite deck. Show all posts

Sunday, May 5, 2019

Wooden Decking Market 2019

Wooden Decking Market 2019 Global Industry Competitive Landscape on Size, Share, Revenue, Leading Players and Regional Trends 2023

Apr 29, 2019 (MarketersMedia via COMTEX) -- Wooden Decking Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Pressure-Treated Wood, Redwood, Cedar Wood, Tropical Hardwood and Others), Application (Floor, Wall, Railing and Others), End User (Residential and Non-residential) and Region - Forecast To 2023
Pune , India - April 29, 2019 /MarketersMedia/ --
Global Wooden Decking Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The key market players in the global wooden decking market include Mohawk Industries, Inc. (U.S.), Weyerhaeuser Company (U.S.), Vetedy Group (U.S.)., Universal Forest Products, Inc. (U.S.), Trex Company, Inc. (U.S.), Cox Industries Inc. (U.S.), Mendocino Redwood Company (U.S.), Shaw Industries Group, Inc. (U.S.), West Fraser Timber Co. Ltd. (Canada), UPM-Kymmene Corporation (Finland), Metsa Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Humboldt Redwood Company and Danzer (Austria).
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Wooden decking is used to make patios, garden landscaping, flooring, walls, extend living areas, railing, among others. Wooden decking has gained popularity in recent years since consumers prefer wooden decking for its longevity and visually aesthetic appeal. According to Market Research Future (MRFR), the global wooden decking market is estimated to grow at 1.37% CAGR during the forecast period.
The market is expected to witness rapid growth due to the increase in disposable income of the consumers globally, leading to a rise in demand for home renovation projects. Additionally, the rising awareness and need for environmentally sustainable and low maintenance products are driving the market. However, the availability of several substitutes of comparatively low cost is a restraint to the wooden decking market.
Segment Analysis
The global wooden decking market has been segmented by type, application, end-user, and region.
Based on type, the market has been segmented into pressure-treated wood, redwood, cedar wood, tropical wood, and others. Among these, pressure treated wood is accounted for the largest market share, due to its durability, longevity, and its ability to endure extreme moist and icy weather conditions. It can also be treated with waterborne preservatives for resistance to internal decaying, rotting, and insect repellant, thus raising the demand for pressure treated wood. It is most commonly used in the residential and infrastructural industry.
Based on application, the market has been segmented into floor, wall, railing, others. Changing lifestyle and interior designing trends have encouraged the market growth of this segment, owing to the aesthetic value and environmental sustainability of wooden furnishings. Significant growth is estimated over the forecast period, in the floor segment of the wooden decking market owing to its growing popularity. Railing segment is also a strong consumer preference and is estimated to show steady market growth over the forecast period. The wall segment has a significant market share in APAC regions, especially in China and Japan.
Based on end-user, the market has been segmented into residential and non-residential. There is a massive demand for wood decking in the residential segment, owing to the rise in disposable income of consumers which has an impact on their lifestyles. Additionally, the construction industry has developed significantly, which subsequently contributes to the wooden decking market. The non-residential segment is estimated to grow substantially over the forecast period, influenced by the growth in sectors such as hospitality, education, retail and corporate.
By region, the global wooden decking market has been segmented into North America, Europe, Asia Pacific and rest of the world.
Regional Analysis
North America has been accounted for the largest market share and is estimated to witness significant market growth influenced by factors such as the growing demand for low maintenance products, growth of commercial and residential sectors in the U.S., and increasing consumer awareness and demand for sustainable products.
Europe is the second largest market for wooden decking, primarily led by the improved lifestyle of the consumers in this region.
Asia Pacific is assessed to rise at the highest CAGR over the forecast period, driven by the fast growth of the construction industry, the steadily growing popularity of wooden decking. The market for wooden decking in this region is majorly growing in emerging economies such as China, Japan, India, and Singapore.
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Scope of Report
The report for Global Wooden Decking Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents:
1... Executive Summary
2 Research Methodology 2.1 Scope Of The Study 2.1.1 Definition 2.1.2 Research Objective 2.1.3 Assumptions 2.1.4 Limitations 2.2 Research Process 2.2.1 Primary Research 2.2.2 Secondary Research 2.3 Market Size Estimation 2.4 Forecast Model
3... Market Dynamics 3.1 Market Drivers 3.2 Market Inhibitors 3.3 Supply/Value Chain Analysis 3.4 Porter's Five Forces Analysis
Continued......
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About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info: Name: Abhishek Sawant Email: Send Email Organization: Market Research Future Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India Phone: 6468459312 Website: https://www.marketresearchfuture.com/reports/wooden-decking-market-4755
Source URL: https://marketersmedia.com/wooden-decking-market-2019-global-industry-competitive-landscape-on-size-share-revenue-leading-players-and-regional-trends-2023/507563
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Trex reports setbacks launching new decking line

Trex reports setbacks launching new decking line

May 2, 2019 Updated 5/2/2019

Bill Schwab A sample of the Trex Enhanced Basic line of decking, which was designed with a scalloped bottom to reduce material costs and compete against pressure-treated lumber decking.
Start-up problems in Virginia for a new line of composite decking and equipment failures at a manufacturing plant in Nevada cost Trex Co. Inc. about $10 million in the first quarter.
Production of the new Enhance Basic decking line proved a challenge until the profile was modified with "less pronounced scallops" on the underside to improve the throughput.
Trex promoted the scalloped profile at the International Builders' Show in February, saying it engineered cost out of the equation for homeowners wanting to upgrade from pressure-treated wood decking to composite decking made from recycled polyethylene plastic film and reclaimed wood fiber.
The scalloped profile uses less material and the savings are being passed on to consumers to close the spending gap with pressure-treated lumber.
However, ramp up to production was hampered by manufacturing inefficiencies in Virginia until the profile was redesigned, along with equipment failures in Nevada that took down two extrusion lines for 30 days.
"These costs adversely impacted our first quarter by $10 million. While start-up costs are to be expected, this has been a challenging ramp up and the magnitude of these associated costs was greater than we had anticipated," Trex President and CEO Jim Cline said in a quarterly conference call April 29.
In Virginia, lead times have increased beyond Trex's usual two weeks, and in Nevada, the company moved to an allocation program through the end of July to ensure a more balanced distribution of product to western states.
Demand continues to be strong, Cline added.
"Unfortunately, we are not going to be able to fully satisfy all of our good customers," he said. "And it is unfortunate that we're there, but we're doing everything we can to make sure we're able to do that. One of the changes that we did make was to change that profile on the scallops. That was not without considerable expense, but it did enable us to get to the kind of throughput that would help our customers get through this season in a more orderly fashion."
Despite the setbacks, first quarter sales increased 5 percent to $180 million, which was consistent with expectations.
Cline offered guidance for the second quarter of consolidated sales at $195 million to $205 million, which is a decline from last year to reflect the impact of operating inefficiencies, lower-than-planned finished goods inventory at the end of March, and suboptimal production level in Nevada.
"We continue to dedicate significant resources to increase production throughput," Cline said. "In essence, 2019 will bear the cost of the investment in the Trex company's long-term growth, with the highest cost behind us and progressive improvement expected as we move through the year."
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