Raised Floor Market Size Report - Demand & Forecasts 2028

Raised Floor Market Forecast to 2028 - Global Analysis By Type (Steel Encapsulated, Calcium Sulphate Board, Aluminum Board, and Chipboard Encapsulated) and Application (Data Center, Commercial Office Space, Clean Room Floor System, and Seismic Isolation Floor System)

Publication Month : May 2023

  • Report Code : TIPRE00029874
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 144
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[Research Report] 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.

The construction of office complexes is increasing across the world. The raised floor market in Asia Pacific is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The increasing development of building infrastructures in the region and rising government investments in infrastructure following COVID-19 pandemic downturn have been playing a vital role in driving the adoption of raised floors. A few of the major office building construction projects commenced in Q2 2022 in Asia Pacific are as follows:

  • Seomyeon Office Building Development Project (US$ 715 million): The project involves the construction of a 32-story office building with eight floors in South Korea.
  • 360 Queen Street Office Tower project (US$ 608 million): The project involves the construction of a 33-story, 200-m-high office tower in Australia.

Raised Floor Market -

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Raised Floor Market: Strategic Insights

Market Size Value inUS$ 1,283.52 million in 2022
Market Size Value byUS$ 1,842.65 million by 2028
Growth rateCAGR of 6.5% from 2023 to 2028
Forecast Period2023-2028
Base Year2022
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Impact of COVID-19 Pandemic on Raised Floor Market 

In the construction industry, the disrupted supply chain of materials due to COVID-19 pandemic led to delays in project construction and low demand for raised floors. Thus, adverse impacts of the pandemic on the construction industry restrained the raised floor market growth.

In 2021, adoption of remote work and digital communications increased. The spending on data centers’ hardware and software solutions has seen new records across the world in 2021 with year-on-year growth of 12% which created a need for additional data storage and processing capacity. As a result, raised floor manufacturers have seen increased demand for their products. However, the raised floors did not show much significant growth after the COVID-19 pandemic phase due to project delays, supply chain disruptions, and relatively less actions and initiatives taken by the government to gear up the pre-pandemic pace of working, which negatively impacted the raised floor market growth. Overall, the market trend is negative owing to COVID-19 pandemic. Yet, on the upside, construction holds much potential to stimulate recovery in the coming years. With increasing construction coupled with rising demand for data centers, the penetration of raised floors will rise.

Industries showed tremendous resilience with ease in restrictions and the reopening of business units in 2021. Although the global raised floor market was adversely impacted by COVID-19 pandemic in 2020, it achieved a strong recovery.

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Market Insights – Raised Floor Market

There is a rise in awareness and inclination toward green data centers owing to growing demand from environmentally conscious consumers and increasing government regulations. As a result, key players in the data center industry are developing “green” data centers that minimize or eliminate waste, pollution, and other hazardous effects on the environment. There is an emerging trend of “Green” data centers to achieve a high energy efficiency to process power ratio and reduce the carbon footprint. Expanding usage of data centers and information technology (IT) in modern business practices for a wide range of applications is expected to demand more space for placing green data centers. This factor will propel the raised floor market growth in the coming years.

Type-Based Insights

Based on type, the raised floor market is segmented into steel encapsulated, calcium sulphate board, aluminium board, and chipboard encapsulated. The steel encapsulated segment accounted for the largest market share in 2022. Steel-encapsulated raised floors are used in various commercial and industrial settings for their durability, versatility, and adaptability. The steel encapsulation provides additional strength, durability, and protection against damage, making it ideal for use in high-traffic areas or where heavy equipment may be used. These floors are often used in data centers, computer rooms, clean rooms, laboratories, and other settings where the floor must support heavy loads and provide protection against static electricity, moisture, and other hazards.

The global raised floor market size is segmented based on type, application, and geography. Based on type, the raised floor market is segmented into steel encapsulated, calcium sulphate board, aluminum board, and chipboard encapsulated. Based on application, the raised floor market is categorized into data center, commercial office space, clean room floor system, and seismic isolation floor system. The raised floor market size, based on region, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Kingspan Group, MERO-TSK International GmbH & Co. KG, Huiya, CBI Europe, and Pro Access Floors LLC are among the key raised floor market players across the world.

The raised floor market players are mainly focused on the development of advanced and efficient products.

  • In 2023, the Lindner Group, with the High-Tech Campus Villach, announced that it is turning the vision of a closed-loop economy into reality: Around 1,900 m2 of LOOP prime raised floor panels now adorn the building.
  • In 2020, Jiangsu Huilian Access Floor Co., Ltd invested in scientific research for developing calcium sulphate panels with high strength and good stability. The company also developed calcium sulphate panels according to the industry quality standard to meet customer expectations.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What are the driving factors impacting the global Raised Floor Market?

The key driving factors impacting Raised Floor Market growth includes:
1. Growing Data Centres Globally
2. Raising Construction of Commercial Buildings Majorly Office Premises

Which countries are registering a high growth rate during the forecast period?

India, the UK, Canada, the UAE, and Rest of SAM are the countries registering high growth rate during the forecast period.

Which is the fastest growing regional market during the forecast period?

APAC is the fastest-growing regional market in the global raised floor market between 2023-2028.

What is the estimated global market size for the raised floor market in 2022?

The global raised floor market was valued at US$ 1,283.52 Mn in 2022

Which are the key players holding the major market share raised floor market?

The key players of Raised Floor Market are encompassed with Kingspan Group Plc, MERO-TSK International GmbH & Co KG, GAMMA Industries SAS, Lindner AG, Changzhou Huateng Access Floor Co Ltd, Changzhou Huiya Decoration Materials Co Ltd, Mero Asia Pacific Pte Ltd, ASP Access Floors Pty Ltd, ASM Modular Systems Inc, and Huatong Xinli Flooring Co Ltd.

Which is the leading component segment in the raised floor market?

The steel encapsulated segment led the Raised Floor Market in 2022.

The List of Companies - Raised Floor Market

  1. Kingspan Group Plc
  2. MERO-TSK International GmbH & Co KG
  3. GAMMA Industries SAS
  4. Lindner AG
  5. Changzhou Huateng Access Floor Co Ltd.
  6. Changzhou Huiya Decoration Materials Co Ltd.
  7. Mero Asia Pacific Pte Ltd.
  8. ASP Access Floors Pty Ltd.
  9. ASM Modular Systems Inc.
  10. Huatong Xinli Flooring Co Ltd.
  11. Jiangsu Huilian Access Floor Co Ltd
  12. CBI Europe SpA
  13. Pro Access Floors LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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