Global Deck Covering Market Overview:
The Deck covering is a varnish-like appearance much like that of wood furniture which is covering of coating ages and is exposed to weather. The Deck covering are effective for maintenance, fire resistance, accessibility and water proofing deck covering. Further, increasing demand of prefabricated from the developing countries owing to growth in the quality and design standards machine owing to increasing application in residential support for Deck covering configuration, operation and data analysis. The luxurious porch flooring activities in Deck covering and innovations expected to drive the demand for Deck covering over the forecasted period. Some of the players profiled in the study are Saint Gobin Weber Marine (France), Flexiteek International AB (Sweden), Sika AB (Switzerland), Dex-o-tex Marine (United States), Tiflex Group (United Kingdom), Forbo Flooring Systems (Switzerland), Bergo Flooring AB (Sweden), Better Life Technology, LLC (United States) and BSW Berleburger Schaumstoffwerk GmbH (Germany).
On the basis of geography, the market of Deck Covering has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Installments, the sub-segment i.e. Ceramic Tile will boost the Deck Covering market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase Demand of Aesthetics for the Ships and Recreational Boats.
- Rise In Demand of Travel and Tourism Industry that Contributing to Deck Covering Market.
Influencing Trend
- Value Oriented Consumers
- Substitutes products are available for Deck Covering
Restraints
- High Cost Associated With Deck Covering and Marine Floorings.
- Regular Maintenance of The Flooring Leads to Hampers the Growth of Deck Covering Market.
Opportunities
- Growing Demand of Neuroscience Computing in the Field of Processing Audios and Acoustics Signals.
- Rapid Growth of Construction Industry Leads to Boost the Deck Covering Market.
Challenges
- Prefabricated Structures In Construction Industry Are Anticipated The Challenge The Market.
- Adverse Impact Due To Quality and Design Standards.
Key Market Developments:
On 28th April 2021 - Sika has agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries. and On 9th Oct 2019 - Following the acquisition of Wilks, one of the world leaders in marine impact protection. We have further expanded our product offering with a new range of impact protection – the Flexiteek Trim range. The Flexiteek Trim range has been developed in collaboration with Wilks and is manufactured at their premises in Essex, England alongside the market-leading Flexiteek 2G synthetic teak.
SIKA AG introduced a marine primary decking covering known as Marine KG-202 N and KG-404 N which is beneficial in providing cost effective. It also strengthens its applications in different fields such as advancements in robotics, smart city infrastructure and other applications.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Target Audience:
Deck Covering Manufacturers, Deck Covering Traders, End-Use Market Participants of Different Segments of Deck Covering, Government and Research Organizations, R&D Institutions and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Deck Covering market on the basis of product [Primary Deck Covering, Fire Secure Type Deck Covering, Floating Deck Covering and Others] , application [Kitchen, Toilet, Laundry Room and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Deck Covering market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Deck Covering industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are DeckRite (United States) and Skarne Marine (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Deck Covering market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.