Allied Market Research published a new report, titled, “Rolled Vinyl Decking Market by Application (Sun Decks, Porches & Patios, Roof Deck, Floating Deck Systems, and Others) and End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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By region, Asia-Pacific held the highest share in 2020, contributing to more than two-fifths of the total market, and is expected to continue its dominance by 2030. Moreover, this segment is projected to maintainthe fastest CAGR of 10.6% during the forecast period.
By application, the roof decks segment contributed to the highest share in 2020, accounting for more than one-fourth of the total market share, and is expected to maintain its lead during the forecast period. However, the floating deck systems segment is projected to witness the highest CAGR of 10.6 % from 2021 to 2030.
Based on end use, the residential segment contributed to the highest share in 2020, accounting for more than half of the global rolled vinyl decking market and is projected to maintain its leadership status during the forecast period. However, the industrial segment is projected to witness the highest CAGR of 10.6% from 2021 to 2030.
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Leading players of the global rolled vinyl decking market analyzed in the research includeBradbury Co., Inc, Weatherdek, Dec-Tec, Tufdek, Armor decking, Duradek, Dec-k-ing, DekSmart, and Intelli Deck.
Covid-19 Scenario:
- The government imposed lockdown in response to the Covid-19 pandemic has halted construction activity, delayed new construction projects and home renovations during the initial phase.
- However, consumers are willing to invest in basic products and services due to the worldwide economic crisis caused by the pandemic.
- The disrupted construction activities and supply chain, increased fluctuation in the market price of petroleum feedstock, and decline in demand for vinyl decking in the construction industry severely affected the market.
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