03-Aug-2022 | Zion Market Research
The global raised access floor market size was worth around USD 1,542.50 million in 2021 and is estimated to grow to about USD 2,114.79 million by 2028, with a compound annual growth rate (CAGR) of around 5.40 percent during the forecast period. The report analyzes the raised access floor market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the raised access floor market.
A raised floor system is typically a raised structural floor placed on top of an existing base and is usually made of concrete or similar solid material. The components of the expanded floor system are many panels that are joined together to form a plane. The panels are mainly made of steel or wood core coated with a bit of metal such as aluminum. The bricks are fixed in place with glue or mechanical screws. The most common overhead or overhead surface installation spaces are computer rooms, training & conference spaces, exhibition spaces, and general open office spaces. Generally, high floors are not recommended in areas such as bathrooms, kitchens, and places that can become wet. These areas have devices such as faucets so water can seep into the panels and destroy them. The use of raised floor technology is increasing due to the development of the construction market. The optimal use of floor space is one of the main reasons for developing this technology. Increasing building permits for private residential homes and the growth rate in commercial construction are the key factors that significantly influence the global raised access floor market.
The global raised access floor market is segregated based on type, application, and region. By type, the market is divided into steel encapsulated, calcium sulfate board, aluminum board, chipboard encapsulated, and others. Among these, the steel encapsulated segment dominates the market, accounting for a significant percentage of global sales due to its superior strength and durability. It also helps strengthen buildings built in earthquake-prone areas. By application, the market is bifurcated into the data center, commercial office space, nonprofit management, and others. Over the forecast period, commercial office space dominating the market due to the commercial raised floors are highly recommended due to their popularity in office renovations. They are widely used for computer rooms and open office spaces, providing a stable floor and making the room aesthetically pleasing.
The global raised access floor market is likely to be dominated by North America during the forecast period. Much of the demand in North America comes from new construction projects expected to drive the market. Demand for raised floors in the region is driven by the sheer size of end-user industries such as data centers, commercial businesses such as retail, semiconductor, and aerospace, and important public utility centers. The region is at the forefront of innovative manufacturing practices, supported by comprehensive product development focusing on energy efficiency, lower lifecycle costs, and sustainability. Growth in general commercial construction demand and the high availability of cheap labor have fueled growth in the Asia Pacific region. Key drivers in of the region include the growing data center market due to the growing number of internet users, increased use of social media & high penetration of smartphones, increasing adoption of public & hybrid cloud services, and the need for businesses to move from server rooms to data centers.
Key market players in the global raised access floor market include Kingspan, Global IFS, CBI Europe, Polygroup, Bathgate Flooring, MERO-TSK, PORCELANOSA, Lenzlinger, Veitchi Flooring, AKDAG S.W., UNITILE, ASP, Yi-Hui Construction, Changzhou Huatong, Changzhou Huili, Huayi, and Maxgrid.
Browse the full “Global Raised Access Floor Market By Type (Steel Encapsulated, Calcium Sulphate Board, Aluminum Board, Chipboard Encapsulated, and Others), By Application (Data Center, Commercial Office Space, Nonprofit Management, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/global-raised-access-floor-market
Global raised access floor market is segmented as follows:
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