COVID-19 Economic Impact Report: Wood & Competitive Decking
The US wood and competitive decking industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the wood and competitive decking industry going forward?
COVID-19 Economic Impact Report: Wood & Competitive Decking looks at how the expected impact of the pandemic on the current macroeconomic environment in the US compares to other major events since 2000, including the bursting of technology bubble and 9/11 terrorist attack, and the 2007-2009 Great Recession. It also provides a historical view of industry sales since 2000, a look at how the industry is being currently impacted, and estimates for sales through 2024.
Decks are defined as unroofed, floored areas that are attached to the exterior of a structure. Typically, they are located at the rear of a building. The study encompasses deck boards, which are used to make the floor of the deck, as well as railing systems (consisting of a top rail, spindles, and bottom rail) and other built-in accessories, such as stairs, benches, and planter boxes.
Decking demand numbers do not include structural components of decking systems (e.g., posts and joints).
The decking products considered are wood (pressure-treated wood, redwood, cedar, tropical hardwood), wood-plastic composites, and plastic and other materials (including fiberglass, aluminum and other metals, concrete, stone, and nonwood composites).
The major market segments included are new residential, residential renovation, new commercial, commercial renovation, new nonbuilding, and nonbuilding renovation.
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