Wooden Decking Market Research Report- Global Forecast 2030

Impact of COVID-19 on the Global Wooden Decking Market

Wooden decking is used in garden landscaping, railings, and living areas. It is also used as an alternative to stone-based structures such as patios. The growth of non-residential and residential construction projects, especially in emerging economies, and the rising awareness regarding the benefits of wooden decking, are key factors responsible for market growth. COVID-19 has impacted the construction industry. The suspension of construction activities has led to delays in ongoing construction projects and cancellations or postponement of upcoming projects, which has impacted the demand for wooden decking, hampering the growth of the market. Besides, the halt in the installation of new decks in new houses is also hindering the growth of the market. The construction industry faces challenges such as delays and disruptions in the delivery of projects, which is expected to result in decreased revenue, increased material, labor, and equipment costs, as well as material exposure at closed sites. The construction industry is likely to witness disruptions in supply chain activities, unavailability of labor, and revenue losses owing to the lockdowns imposed worldwide.

Commercial Construction in the U.S., MARKET VALUE (2014-2019)