Canada Polyvinyl Chloride (PVC) Decking Market Insights Forecasts to 2033

• The Canada Polyvinyl Chloride (PVC) Decking Market Size was valued at USD 37.2 Million in 2023 
• The Market Size is Growing at a CAGR of 6.75% from 2023 to 2033
• The Canada Polyvinyl Chloride (PVC) Decking Market Size is Expected to Reach USD 71.5 Million by 2033

The Canada Polyvinyl Chloride (PVC) Decking Market Size is expected to reach USD 71.5 Million by 2033, at a CAGR of 6.75% during the forecast period 2023 to 2033.   

Market Overview 

PVC decking is a type of outdoor decking material that is mostly composed of the synthetic plastic polymer polyvinyl chloride, or PVC. PVC decking boards are designed to resemble classic wood decking in appearance, but they are much more durable, require less upkeep, and are resistant to decay, insects, and fading. PVC decking is an appealing alternative for homeowners seeking for an easy-to-maintain and long-lasting outdoor flooring solution because it doesn't require staining, sealing, or painting like wood decking does. To accommodate a range of architectural types and aesthetic choices, PVC decking comes in an assortment of colours, textures, and finishes. It is frequently utilized for outside areas including decks, patios, and balconies in both residential and commercial buildings. The PVC decking market is expected to drive from the rapid urbanization and industrialization, the expanding infrastructure sector, the presence of many manufacturing industries supported by government investments in the industrial sector, and developing infrastructure.

Report Coverage

This research report categorizes the market for the Canada polyvinyl chloride (PVC) decking market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada polyvinyl chloride (PVC) decking market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada polyvinyl chloride (PVC) decking market.                 

Driving Factors

Growing building activity in Canada is anticipated to increase demand for decks in a variety of commercial settings, such as eateries, resorts, beach shacks, and more. Spending on furniture and accessories for the house, such as carpets, rugs, and other floor coverings that enhance the aesthetic appeal of living areas, is on the rise among consumers. Renovation and remodeling are major priorities for both residential and commercial building owners when it comes to their interior design projects. Consequently, it is anticipated that during the projection period, there would be a need for PVC in construction applications, particularly for decking. In addition, PVC is usually marketed as being more cost-effective over time than alternatives like composite or all-wood decking since it requires less upkeep. The demand for PVC in the building sector is probably going to increase as a result of these causes.

Restraining Factors

The disorganized players charge lower prices for their products than what is considered competitive. These elements could spark a pricing war amongst rivals in the PVC decking industry. Consequently, during the projected period, the unorganized market would be a significant barrier to the market's expansion.

Market Segment

• In 2023, the residential segment accounted for the largest revenue share over the forecast period.

Based on application, the Canada polyvinyl chloride (PVC) decking market is segmented into residential, commercial, industrial. Among these, the residential segment accounted for the largest revenue share over the forecast period. The increase in single-family homes is the primary driver of the residential construction sector. In keeping with the population expansion in major cities, about 83,480 units were finished in 2022, according to Statistics Canada. Furthermore, the continuous shift towards a sustainable energy system is driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada polyvinyl chloride (PVC) decking market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Robi Decking
• National Decking
• Deck Masters of Canada
• The Deck Store Inc.
• Advanced Environmental Recycling Technologies, Inc.
• Fiberon LLC
• Azek Building Products, Inc.
• Cardinal Building Products
• Certainteed Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Canada Polyvinyl Chloride (PVC) Decking Market based on the below-mentioned segments:

Canada Polyvinyl Chloride (PVC) Decking Market, By Application

• Residential
• Commercial
• Industrial