by Freedonia Industry Studies
August 11, 2020
A recent article demonstrated that, even as the US economy struggles to recover from the COVID-19 pandemic, some industries are seeing sales gains. One winner: the decking market.
While this may seem surprising, adding a deck to a home has always been a popular home improvement project, given its ability to add value and recreational space to a home. Furthermore, as the COVID-19 pandemic has spread, interest in adding decks has grown due to:
While wood has traditionally accounted for the large majority of decking demand and will continue to do so going forward, composite and plastic lumber decks will see gains in market share, supported by:
For more information and discussion of opportunities, see The Freedonia Group’s extensive collection of off-the-shelf research, including the Wood & Competitive Decking report. Freedonia also offers an expanding catalog of COVID-19 Economic Impact reports, which highlight how various industries are responding to the current crisis with a comparison to recent recessions. Freedonia Custom Research is also available for questions requiring tailored market intelligence.