Australia Composite Decking and Railing Market (2023-2029) | COVID-19 IMPACT, Trends, Forecast, Share, Industry, Size, Companies, Value, Analysis, Revenue & Growth
Market Forecast By Type (Capped, Uncapped), By Resin Type (Polyethylene, Polypropylene, Polyvinylchloride, Others), By Application (Residential, Non-Residential), By Regions (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia (South Australia, Australian Capital Territory, Tasmania, and Northern Territory.) And Competitive Landscape
| Product Code: ETC4512936 | Publication Date: Jul 2023 | Updated Date: Sep 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 71 | No. of Figures: 16 | No. of Tables: 7 | |
Australia Composite Decking and Railing Market Synopsis
During 2019 to 2022, Australia Composite decking and railing market saw a notable surge in demand, driven by an upswing in both residential and commercial projects nationwide. Nevertheless, the year 2020 brought challenges due to the COVID-19 pandemic, resulting in a 7% decline in Australia's GDP and a revenue slowdown. This was predominantly caused by a nationwide lockdown, which subsequently led to a cessation in construction activities. However, with the resumption of construction activities and a growing demand for the completion of ongoing residential projects, including notable ones like the $312 million Playford Alive, the $250 million Fortville plan redevelopment, and the $103 million-valued Emerald City Mixed-Use Development, the market gradually regained momentum post-pandemic.
According to 6Wresearch, Australia Composite Decking and Railing market size is projected to shrink at CAGR of 12.3% during 2023-2029. Australia composite decking and railing market is poised for substantial growth in forthcoming years, driven by increased investments in the residential sector as there are currently around 24,000 apartments in development, with Melbourne and Sydney contributing to half of these ongoing projects, serving as significant catalysts for market expansion. Further, Australia's annual population growth rate of 1.4% and the concurrent urbanization in cities like Queensland, Victoria, and New South Wales are expected to spur real estate development, further fuelling market growth. Additionally, Government initiatives, such as the 2021 Infrastructure Plan and the Housing Strategy 2017-2027, which allocates $136 million for Queensland, play a pivotal role in supporting Australia's composite decking and railing market.
Market by Types
Capped composite decking and railing types are anticipated to exhibit significant growth in Australia composite decking and railing industry, primarily due to their exceptional durability, minimal maintenance requirements, and the substantial long-term cost savings they offer.
Market by Resin Types
In 2022, polyethylene (PE) resin types dominated the Australia composite decking and railing market owing to their exceptional durability, low maintenance requirements, and cost-effectiveness. PE is highly resistant to moisture, rot, and insects, making it an ideal choice for outdoor applications. Homeowners appreciate its easy maintenance, as PE composites do not require staining or painting.
Market by Applications
In 2022, Australia composite decking and railing market saw a higher revenue share from residential applications compared to commercial ones. This shift may have been driven by increased home renovation and improvement projects, heightened focus on home upgrades due to the COVID-19 pandemic.
Market by Regions
New South Wales (NSW) in Australia is anticipated to exhibit substantial growth in composite decking and railing market due to its high population, urbanization, and increased construction activities in both residential and commercial sectors.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Australia Composite Decking and Railing Market Overview
- Australia Composite Decking and Railing Market Outlook
- Australia Composite Decking and Railing Market Forecast
- Historical Data and Forecast of Australia Composite Decking and Railing Market Revenues for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Types, for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Resin Types, for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Applications, for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Regions, for the Period 2019-2029F
- Market Drivers and Restraints
- Australia Composite Decking and Railing Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Australia Composite Decking and Railing Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Capped
- Uncapped
By Resin Types
- Polyethylene
- Polypropylene
- Polyvinylchloride
- Others (Including Polystyrene, Polyester, and Nylon, etc.)
By Applications
- Residential
- Commercial
By Regions
- New South Wales
- Victoria
- Queensland
- Western Australia
- Rest of Australia (South Australia, Australian Capital Territory, Tasmania, and Northern Territory.)
Frequently Asked Questions About the Market Study (FAQs):
Australia Composite Decking and Railing market size is projected to shrink at CAGR of 12.3% during 2023-2029.
The growth of the composite decking and railing market in Australia is being impeded by significant installation costs and the demand for skilled labour, presenting formidable challenges to its advancement.
Australia composite decking and railing market is poised for substantial growth in forthcoming years, driven by increased investments in the residential sector
In 2022, polyethylene (PE) resin types dominated the Australia composite decking and railing market owing to their exceptional durability, low maintenance requirements, and cost-effectiveness.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1. Executive Summary |
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2. Introduction |
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2.1 Report Description |
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2.2 Key Highlights of the Report |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3. Australia Composite Decking and Railing Market Overview |
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3.1 Australia Composite Decking and Railing Market Revenues, 2019-2029F |
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3.2 Australia Composite Decking and Railing Market-Industry Life Cycle |
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3.3 Australia Composite Decking and Railing Market-Porter’s Five Forces |
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4. Australia Composite Decking and Railing Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5. Australia Composite Decking and Railing Market Trends |
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6. Australia Composite Decking and Railing Market Overview, By Types |
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6.1 Australia Composite Decking and Railing Market Revenue Share, By Types, 2022 & 2029F |
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6.2 Australia Composite Decking and Railing Market Revenues, By Capped, 2019-2029F |
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6.2 Australia Composite Decking and Railing Market Revenues, By Uncapped, 2019-2029F |
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7. Australia Composite Decking and Railing Market, By Resin Types |
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7.1 Australia Composite Decking and Railing Market Revenue Share, By Resin Types, 2022 & 2029F |
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7.2 Australia Composite Decking and Railing Market Revenues, By Polyethylene, 2019-2029F |
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7.2 Australia Composite Decking and Railing Market Revenues, By Polypropylene, 2019-2029F |
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7.2 Australia Composite Decking and Railing Market Revenues, By Polyvinylchloride, 2019-2029F |
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7.2 Australia Composite Decking and Railing Market Revenues, By Others, 2019-2029F |
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8. Australia Composite Decking and Railing Market, By Applications |
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8.1 Australia Composite Decking and Railing Market Revenue Share, By Applications, 2022 & 2029F |
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8.2 Australia Composite Decking and Railing Market Revenues, By Residential, 2019-2029F |
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8.2 Australia Composite Decking and Railing Market Revenues, By Commercial, 2019-2029F |
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9. Australia Composite Decking and Railing Market, By Regions |
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9.1 Australia Composite Decking and Railing Market Revenue Share, By Regions, 2022 & 2029F |
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9.2 Australia Composite Decking and Railing Market Revenues, By New South Wales, 2019-2029F |
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9.2 Australia Composite Decking and Railing Market Revenues, By Victoria, 2019-2029F |
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9.2 Australia Composite Decking and Railing Market Revenues, By Queensland, 2019-2029F |
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9.2 Australia Composite Decking and Railing Market Revenues, By Western Australia, 2019-2029F |
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9.2 Australia Composite Decking and Railing Market Revenues, By Rest of Australia, 2019-2029F |
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10. Australia Composite Decking and Railing Market Key Performance Indicators |
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11. Australia Composite Decking and Railing Market Opportunity Assessment |
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11.1 Australia Composite Decking and Railing Market Opportunity Assessment, By Types, 2029F |
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11.2 Australia Composite Decking and Railing Market Opportunity Assessment, By Resin Types, 2029F |
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11.3 Australia Composite Decking and Railing Market Opportunity Assessment, By Applications, 2029F |
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11.4 Australia Composite Decking and Railing Market Opportunity Assessment, By Regions, 2029F |
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12. Australia Composite Decking and Railing Market Competitive Landscape |
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12.1 Australia Composite Decking and Railing Market Revenues Share, By Company, 2022 |
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12.2 Australia Composite Decking and Railing Market Competitive Benchmarking, By Operating Parameters |
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13. Company Profiles |
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13.1. Brite Decking (Pty) Ltd. |
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13.2. Timber Tech |
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13.3. Barrette Outdoor Living Inc. |
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13.4. Trex Company, Inc |
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13.5. Fiberon, LLC |
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13.6. APR Composites |
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13.7. Dura Composites Ltd. |
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13.8. The Millboard Company Ltd. |
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13.9. Ekodeck |
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13.10. New TechWood Ltd. |
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14. Key Strategic Recommendation |
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15. Disclaimer |
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List of Figures |
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1. Australia Composite Decking and Railing Market Revenues, 2019-2029F ($ Million) |
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2. Australia High Rise Residential Homes in Pipeline in Major Cities. |
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3. Total Number of Households in Australia, 2016 vs 2041F (Million) |
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4. Australia Composite Decking and Railing Market Revenue Share, By Types, 2022 & 2029F |
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5. Australia Composite Decking and Railing Market Revenue Share, By Resin Types, 2022 & 2029F |
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6. Australia Composite Decking and Railing Market Revenue Share, By Applications, 2022 & 2029F |
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7. Australia Composite Decking and Railing Market Revenue Share, By Regions, 2022 & 2029F |
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8. Australia Number of Apartments Under Construction by Cities, 2022 (%) |
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9. Australia Number of Apartments Under Different Phases, 2022 |
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10. Australia Number of Upcoming Hotel Projects, 2022-25F |
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11. Australia Composite Decking and Railing Market Opportunity Assessment, By Types, 2029F |
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12. Australia Composite Decking and Railing Market Opportunity Assessment, By Resin Types, 2029F |
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13. Australia Composite Decking and Railing Market Opportunity Assessment, By Applications, 2029F |
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14. Australia Composite Decking and Railing Market Opportunity Assessment, By Regions, 2029F |
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15. Australia Composite Decking and Railing Market Revenue Ranking, By Companies, 2022 |
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16. Dwellings Approved, By States And Territories, (Seasonally Adjusted), January 2023 (Units) |
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List of Tables |
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1. Australia Upcoming Major Construction Project. |
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2. Average Labor Cost For Installation In Different Cities Across Australia |
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3. Composite Decking Cost by Deck Size |
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4. Australia Composite Decking and Railing Market Revenues, By Types, 2019-2029F ($ Million) |
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5. Australia Composite Decking and Railing Market Revenues, By Resin Types, 2019-2029F ($ Million) |
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6. Australia Composite Decking and Railing Market Revenues, By Applications, 2019-2029F ($ Million) |
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7. Australia Composite Decking and Railing Market Revenues, By Regions, 2019-2029F ($ Million) |
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