Market Synopsis of Global Outdoor Flooring Market
Geographically, the Global Outdoor Flooring Market has been divided into four major regions: North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific accounted for the largest market share, in 2016, followed by North America and Europe. Rapid growth in the construction sector and increasing industrialization are driving the growth of the market in the Asia-Pacific region. US is the largest contributor to the global as well as regional outdoor flooring market. The development of commercial and residential infrastructure in the US is anticipated to fuel the demand for outdoor flooring in the region. Additionally, continuous investments in the commercial real-estate also have a positive influence on the growth of the market. Europe is the second-largest market for wooden flooring. Increasing repair and refurbishing activities of the existing infrastructure have contributed to the market demand.
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Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Rapidly growing construction activities in the region are driving the market. China, Japan, India, and Singapore are the major markets in Asia-Pacific due to the growing residential and commercial construction activities in these countries. Additionally, growing inclination of consumers towards increasing the aesthetic appeal and durability is also expected to provide a lucrative opportunity for market growth. In rest of the world, the Middle East region is expected to contribute to the market growth in the forecast period mainly due to changing lifestyle of consumers and high growth of wooden flooring in the construction sector.
For the purpose of this study, the global outdoor flooring market has been divided into two segments: by type and end user. On the basis of material, the market has been segmented as wood, ceramics, concrete, and others. In the material segment, wood segment accounts for the largest market share as it is the most preferred material that offers superior visual appeal and improves perceived value.
On the basis of type, the market has been segmented into tiles, decking, and others. Tiles segment dominates the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for outdoor flooring in residential applications, attributed to changing consumer lifestyle, increasing consumer preference towards aesthetics as a result of high disposable income of consumers is expected to drive the market in the coming years. Moreover, owing to growing demand across the construction industry, and renovation and refurbishment of residential spaces are also expected to contribute to the overall demand significantly. Decking type is expected to show considerable growth during the forecast period mainly due to expansion of commercial, residential, and industrial sectors.
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On the basis of end-user, the market has been segmented into residential, commercial, public sector, and others. Residential dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for outdoor flooring across the residential segment are attributed to changing consumer lifestyle and increased consumer disposable income. Moreover, owing to growing demand across the construction industry and increasing renovation and redecorating projects also fuel the demand of the market in residential applications. The commercial segment is expected to grow during the forecast period mainly due to increase in construction activities in hospitality, corporate, education, and retail sector.
Outdoor flooring is mainly used for balconies and patios re-decorations which attributes to aesthetic appeal of the house. Changing trends in outdoor flooring such as outdoor tiles, deck flooring, sports floor tiles, outdoor rubber flooring, outdoor rubber mats, deck tiles, and playground flooring are among others.
The global outdoor flooring market is expected to grow at a CAGR of 5.2% during the forecast period.
The prominent players in the outdoor flooring market include Beaulieu International Group N.V. (Belgium), Citadel Floors (US), Ecore International (US), Fiberon, LLC (US), EBACO India Pvt. Ltd. (India), Mats Inc. (US), Mohawk Industries, Inc (US), Tarkett S.A. (France), The AZEK Company LLC (US), and Florim Ceramiche S.P.A. (Italy) among others.
The report for global outdoor flooring market research report by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Key Points from Table of Content:
5 Global Outdoor Flooring Market, By Material
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
5.5.1 Market Estimates & Forecast, 2018-2023
5.5.2 Market Estimates & Forecast By Region, 2018-2023
- Government Associations
- Research Institutes
- Distribution vendors
- Wooden flooring Manufacturers, Suppliers, Distributors, and Retailers
- Construction companies
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