Contractors and DIYers are looking for decking solutions that deliver aesthetics, performance, value, and labor savings. Consideration of these five industry trends and developments can help dealers meet evolving customer needsleading to sales growth and competitive advantages this spring.
Composite Decking 2018 Global Market Growth, Opportunities , Industry Applications, Analysis And Forecast To 2025 price, market share and growth rate of each type
These products offer superior properties including resistance to rotting, color fading, mold and mildew growth formation. Uncapped composite decking and railing, being on a higher price range as compared to timber decking and railing, offers less maintenance with low cost in the long run.
Price: About $225 to $825 Most now also come with some or all sides encased in plastic to prevent mildew growth. Cons: All of the composite, plastic, and aluminum decking we tested kept
Composite decking is low maintenance as it never requires any sealing, painting, or sanding. It is made in an eco-friendly process, salvaging wood and plastics that would otherwise be taken to landfills. Composite decking is reasonably priced, particularly when considering the long-term maintenance costs.
Average Cost of Building A Deck All three offer their own set of advantages and price points. Design. Simple decks result in simple cost. Composite Decking
Composite decking is forecast to grow at a 5% compounded annual growth rate through 2017, which is faster than the industry average of 3%. However, the shift in composite decking offerings to higher price point products could limit growth opportunities for the upper end of the composite decking market.
Research Corridor recently added new report titled " Composite Decking and Railing Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast - 2018 2026" to its repertoire.
Rising demand for composite decking and railing products across different applications such as residential and non-residential is a major factor expected to drive growth of the target market in
However, the increasing growth in new construction projects especially in emerging economies will create new opportunities in the market of decking. The "Global Decking Market Analysis to 2025" is a specialized and in-depth study of the decking industry with a focus on the global market trend.
Seven Trust Company, Inc. manufactures composite decking products that it sells throughout the United States. Seven Trust has shown a high rate of earnings growth over the last five years.
The major element influencing the composite decking market are replacement of old-fashioned decking materials with uncapped and capped composite decking products. These products have some superior properties such as resistance to color fading, rotting, mold and decay growth formation.
Heading into 2019, the composite decking and railing market continues to thrive. The segment is growing approximately 5% per year as decks remain a very popular investment for homeowners.