Product Code: TIPRE00029874
The raised floor market is expected to grow from US$ 1,283.52 million in 2022 to US$ 1,842.65 million by 2028; it is estimated to register a CAGR of 6.5% from 2023 to 2028.
A raised floor system finds applications in computer rooms, open office areas, training and conference areas, exhibit spaces, and clean rooms. It is unsuitable for slab-on-grade locations, wet areas such as toilets and kitchens, laboratories, and mechanical equipment rooms. A raised floor system provides a high thermal mass base material for radiant heat systems, improves multistorey buildings' lateral resistance and durability, reduces construction costs in high seismic regions, and is waterproofed. A few major players such as Kingspan Group, CBI Europe, MERO-TSK International GmbH & Co. KG, and Pro Access Floors LLC play a crucial role in the competitive market.
A growing number of data centers and new construction projects is bolstering the raised floor market growth. The market for raised floors is also growing due to the increasing demand for raised floor systems in several applications, including data centers, clean rooms, and office spaces. Further, development of hyperscale data centers and emergence of next gen raising floor system would emerge as a trend in the raised floor market growth during the forecast period.
Impact of COVID-19 Pandemic on Raised Floor Market
COVID-19 pandemic dramatically impacted the global economy and hampered business activities in various industries during its peak in 2020. Factory shutdowns, trade bans, and border lockdowns to combat the virus infection spread restricted the working of companies across the world. The downfall in the economy has also impacted the construction sector globally. This resulted into decline in the raised floor production. However, since data centers are the key user of raised floor, the demand for the same witnessed gradual increase from 2021.
Data centers have reported significant growth during the COVID-19 pandemic owing to an increase in awareness regarding the benefits of cloud services among companies, upsurge in need for secure and robust IT environments, and a rise in investments in local data centers across the world. High scrutiny over IT budgets and changing corporate preferences toward usage-based payment models have made data center service propositions attractive. During the pandemic, remote working and online activities increased, propelling the demand for data centers across the world. Equinix, one of the global providers of data centers, reported an increase in revenue by 9% in 2nd quarter of 2020 as compared to its previous year's revenue. Equinix invested US$55 million to build its third data center in Osaka in 2020. Therefore, owing to mentioned scenario, the data centers have reported growth during COVID-19 pandemic. Investment in building new data centers is expected to drive the raised floor market size.
Based on region, APAC led the global raised floor market in 2022, followed by Europe and North America. In APAC, many employees work remotely or in collaborative spaces, which is creating a demand for flexible and adaptable office spaces. The raised floor allows for easy reconfiguration of power and data services, making it easier to create flexible work environments. China launched a national project of building a data center system across eight cities. The project aims to set up eight computing hubs and ten data center clusters; the plan is to build an integrated data center system by 2025.
The overall raised floor market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the raised floor market. The process also serves the purpose of obtaining an overview and forecast of the raised floor market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the raised floor market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the raised floor market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the raised floor market thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Raised Floor Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
5. Raised Floor Market - Key Market Dynamics
- 5.1.1 Growing Number of Data Centers
- 5.1.2 Rising Construction of Commercial Buildings Majorly Office Premises
- 5.2 Market Restraints
- 5.3 Market Opportunities
- 5.3.1 Development of Hyperscale Data Centers
- 5.4 Future Trends
- 5.4.1 Emergence of Next-Gen Raised Flooring System
- 5.4.2 Rise in Inclination Toward Green Data Centers
- 5.5 Impact Analysis of Drivers and Restraints
6. Raised Floor Market - Global Market Analysis
- 6.1 Global Raised Floor Market Overview
- 6.2 Global Raised Floor Market Revenue Forecast and Analysis
- 6.3 Market Positioning - Five Key Players
7. Raised Floor Market Revenue and Forecast to 2028 - Type
- 7.1 Overview
- 7.2 Raised Floor Market, By Type (2022 & 2028)
- 7.3 Steel Encapsulated
- 7.3.1 Overview
- 7.3.2 Steel Encapsulated: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Calcium Sulphate Board
- 7.4.1 Overview
- 7.4.2 Calcium Sulphate Board: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Aluminum Board
- 7.5.1 Overview
- 7.5.2 Aluminum Board: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.6 Chipboard Encapsulated
- 7.6.1 Overview
- 7.6.2 Chipboard Encapsulated: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8. Raised Floor Market Revenue and Forecast to 2028 - Application
- 8.1 Overview
- 8.2 Raised Floor Market, By Application (2022 & 2028)
- 8.3 Data Center
- 8.3.1 Overview
- 8.3.2 Data Center: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Commercial Office Space
- 8.4.1 Overview
- 8.4.2 Commercial Office Space: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 Clean Room Floor System
- 8.5.1 Overview
- 8.5.2 Clean Room Floor System: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.6 Seismic Isolation Floor System
- 8.6.1 Overview
- 8.6.2 Seismic Isolation Floor System: Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
9. Raised Floor Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Raised Floor Market
- 9.2.1 North America: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Raised Floor Market, By Type
- 9.2.3 North America: Raised Floor Market, by Application
- 9.2.4 North America: Raised Floor Market, by Key Country
- 9.2.4.1 US: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.1.1 US: Raised Floor Market, By Type
- 9.2.4.1.2 US: Raised Floor Market, by Application
- 9.2.4.2 Canada: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.2.1 Canada: Raised Floor Market, By Type
- 9.2.4.2.2 Canada: Raised Floor Market, by Application
- 9.2.4.3 Mexico: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.3.1 Mexico: Raised Floor Market, By Type
- 9.2.4.3.2 Mexico: Raised Floor Market, by Application
- 9.3 Europe: Raised Floor Market
- 9.3.1 Europe: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Raised Floor Market, By Type
- 9.3.3 Europe: Raised Floor Market, by Application
- 9.3.4 Europe: Raised Floor Market, by Key Country
- 9.3.4.1 Germany: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.1.1 Germany: Raised Floor Market, By Type
- 9.3.4.1.2 Germany: Raised Floor Market, by Application
- 9.3.4.2 France: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.2.1 France: Raised Floor Market, By Type
- 9.3.4.2.2 France: Raised Floor Market, by Application
- 9.3.4.3 Italy: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.3.1 Italy: Raised Floor Market, By Type
- 9.3.4.3.2 Italy: Raised Floor Market, by Application
- 9.3.4.4 UK: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.4.1 UK: Raised Floor Market, By Type
- 9.3.4.4.2 UK: Raised Floor Market, by Application
- 9.3.4.5 Russia: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.5.1 Russia: Raised Floor Market, By Type
- 9.3.4.5.2 Russia: Raised Floor Market, by Application
- 9.3.4.6 Rest of Europe: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Raised Floor Market, By Type
- 9.3.4.6.2 Rest of Europe: Raised Floor Market, by Application
- 9.4 Asia Pacific: Raised Floor Market
- 9.4.1 Asia Pacific: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Raised Floor Market, By Type
- 9.4.3 Asia Pacific: Raised Floor Market, by Application
- 9.4.4 Asia Pacific: Raised Floor Market, by Key Country
- 9.4.4.1 Australia: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.1.1 Australia: Raised Floor Market, By Type
- 9.4.4.1.2 Australia: Raised Floor Market, by Application
- 9.4.4.2 China: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.2.1 China: Raised Floor Market, By Type
- 9.4.4.2.2 China: Raised Floor Market, by Application
- 9.4.4.3 India: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.3.1 India: Raised Floor Market, By Type
- 9.4.4.3.2 India: Raised Floor Market, by Application
- 9.4.4.4 Japan: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.4.1 Japan: Raised Floor Market, By Type
- 9.4.4.4.2 Japan: Raised Floor Market, by Application
- 9.4.4.5 South Korea: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.5.1 South Korea: Raised Floor Market, By Type
- 9.4.4.5.2 South Korea: Raised Floor Market, by Application
- 9.4.4.6 Rest of APAC: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.6.1 Rest of APAC: Raised Floor Market, By Type
- 9.4.4.6.2 Rest of APAC: Raised Floor Market, by Application
- 9.5 MEA: Raised Floor Market
- 9.5.1 MEA: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 MEA: Raised Floor Market, By Type
- 9.5.3 MEA: Raised Floor Market, by Application
- 9.5.4 MEA: Raised Floor Market, by Key Country
- 9.5.4.1 South Africa: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.1.1 South Africa: Raised Floor Market, By Type
- 9.5.4.1.2 South Africa: Raised Floor Market, by Application
- 9.5.4.2 Saudi Arabia: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.2.1 Saudi Arabia: Raised Floor Market, By Type
- 9.5.4.2.2 Saudi Arabia: Raised Floor Market, by Application
- 9.5.4.3 UAE: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.3.1 UAE: Raised Floor Market, By Type
- 9.5.4.3.2 UAE: Raised Floor Market, by Application
- 9.5.4.4 Rest of MEA: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.4.1 Rest of MEA: Raised Floor Market, By Type
- 9.5.4.4.2 Rest of MEA: Raised Floor Market, by Application
- 9.6 SAM: Raised Floor Market
- 9.6.1 SAM: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 SAM: Raised Floor Market, By Type
- 9.6.3 SAM: Raised Floor Market, by Application
- 9.6.4 SAM: Raised Floor Market, by Key Country
- 9.6.4.1 Brazil: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.1.1 Brazil: Raised Floor Market, By Type
- 9.6.4.1.2 Brazil: Raised Floor Market, by Application
- 9.6.4.2 Argentina: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.2.1 Argentina: Raised Floor Market, By Type
- 9.6.4.2.2 Argentina: Raised Floor Market, by Application
- 9.6.4.3 Rest of SAM: Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.3.1 Rest of SAM: Raised Floor Market, By Type
- 9.6.4.3.2 Rest of SAM: Raised Floor Market, by Application
10. Raised Floor Market - COVID-19 Impact Analysis
- 10.1 Overview
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 10.3 Europe: Impact Assessment of COVID-19 Pandemic
- 10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
- 10.6 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
- 11.4 Mergers & Acquisitions
12. Company Profiles
- 12.1 Kingspan Group Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 MERO-TSK International GmbH & Co KG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 GAMMA Industries SAS
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Lindner AG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Changzhou Huateng Access Floor Co Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Changzhou Huiya Decoration Materials Co Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Mero Asia Pacific Pte Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 ASP Access Floors Pty Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 ASM Modular Systems Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Huatong Xinli Flooring Co Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 12.11 Jiangsu Huilian Access Floor Co Ltd
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
- 12.12 CBI Europe SpA
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
- 12.13 Pro Access Floors LLC
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index