Why The Fake Wood Decking Business Is Booming
During the Covid-19 pandemic, Americans stuck at home started to take a hard look at their surroundings, leading to a home improvement boom. Skyrocketing demand and historically high lumber prices bear excellent fortune for a couple of publicly traded companies that make a rather humble-sounding product – fake wood decks.
Two of the biggest names in this space are Trex and AZEK. Together they control 75 percent of the composite decking market, about 20 percent of the entire $8 billion decking market. A third brand, Fiberon, has about 10 percent share.
Chapters:
00:00 -- Intro
02:22 -- Big players
06:36 -- Why fake wood is booming
11:05 -- What’s next?
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Why The Fake Wood Decking Business Is Booming
Видео Why The Fake Wood Decking Business Is Booming канала CNBC
Two of the biggest names in this space are Trex and AZEK. Together they control 75 percent of the composite decking market, about 20 percent of the entire $8 billion decking market. A third brand, Fiberon, has about 10 percent share.
Chapters:
00:00 -- Intro
02:22 -- Big players
06:36 -- Why fake wood is booming
11:05 -- What’s next?
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN
#CNBC
Why The Fake Wood Decking Business Is Booming
Видео Why The Fake Wood Decking Business Is Booming канала CNBC
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