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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Outdoor Flooring Market Size
The global outdoor flooring market stood at a value of more than USD 16.1 billion in 2021. The market is further expected to grow at a CAGR of 5.4% in the forecast period of 2024-2032 to attain a value of over USD 22.3 billion by 2027.
Heightened Demand for Wood and Laminate Flooring to Augment the Global Outdoor Flooring Industry
Based on material, the wood and laminate (decking) segment is predicted to hold a significant market share in the outdoor flooring industry. This can be attributed to the increased demand for wood and laminate decking solutions among consumers, owing to its natural and attractive appearance.
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In addition, the ease of maintenance offered by this material is also expected to add to its popularity. Moreover, composite decking solutions with wood-look are also witnessing an increased demand among consumers. These factors are expected to contribute to the overall market growth in the forecast period.
The Asia Pacific to Occupy a Significant Market Share in the Global Outdoor Flooring Industry
The Asia Pacific is predicted to possess a significant share of the outdoor flooring industry in the forecast period. The market growth can be attributed to the heightened investments in infrastructure development activities across the region. It is further being fuelled by the rapidly rising population in the region, which, in turn, is creating a demand for improved residential infrastructures. In addition, the growing disposable incomes and improved living standards in the region are driving consumers to invest in outdoor décor enhancement solutions. These factors are projected to aid the market growth in the forecast period.
Outdoor Flooring Market Segmentation
Outdoor flooring refers to flooring solutions that are used in the exterior of buildings. These floorings come in a variety of designs and materials that are used to enhance the landscape around the building infrastructure. These floorings help enhance the appearance of buildings. In addition, special flooring solutions are also utilised to demarcate designated pedestrian walkways.
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By material, the market is divided into:
- Wood and Laminate
- Ceramic
- Synthetic Fibre and Fabrics
- Others
On the basis of flooring type, the market can be segmented into:
- Non-Resilient
- Resilient
Based on construction type, the industry can be segregated into:
- New Construction
- Renovation
On the basis of end use, the market can be distributed into:
- Residential
- Public Infrastructure
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rapid Urbanisation to Provide Lucrative Growth Opportunities to the Global Outdoor Flooring Industry
The outdoor flooring industry is anticipated to be aided by the growing urbanisation and industrialisation worldwide. This can be attributed to the rapidly expanding global population, which is driving the demand for residential and commercial infrastructure development. In addition, the rising disposable incomes, improved living standards, and the growing demand for aesthetic building structures are also driving the demand for innovative and unique out décor solutions, as outdoor floorings provide an upscale look with low maintenance requirements. Furthermore, the rapid development of bio-based flooring solutions made using natural products such as bamboo is also expected to enhance the product demand among environmental-conscious consumers. These factors are projected to bolster the market growth in the forecast period.
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Key Industry Players in the Global Outdoor Flooring Market
The report gives a detailed analysis of the following key players in the global outdoor flooring market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Armstrong Flooring, Inc.
- Beaulieu International Group N.V.
- Citadel Floors
- Ecore International
- Mohawk Industries, Inc.
- Mats Inc.
- Fiberon
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Flooring Type |
|
| Breakup by Construction Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Outdoor Flooring Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2021, the global outdoor flooring market attained a value of USD 16.1 billion.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 22.3 billion by 2027.
The major drivers of the industry, such as the increased investment in the construction industry, rising global population, increased demand for residential and commercial infrastructure, rising disposable incomes, and improved living standards, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid urbanisation and the growing R&D activities to develop bio-based flooring solutions.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant materials include wood and laminate, ceramic, synthetic fibre and fabrics, and others.
The significant flooring types include non-resilient and resilient.
The significant construction types include new construction and renovation.
The major end uses include residential, public infrastructure, and others.
The major players in the industry are Armstrong Flooring, Inc., Beaulieu International Group N.V., Citadel Floors, Ecore International, Mohawk Industries, Inc., Mats Inc., Fiberon, and others.
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