Global Raised Access Floor Systems Market Size By Application (Residential Building, Commercial Building), By Product Type (Steel Encapsulated, Calcium Sulphate Board), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Raised Access Floor Systems Market Size By Application (Residential Building, Commercial Building), By Product Type (Steel Encapsulated, Calcium Sulphate Board), By Geographic Scope And Forecast
Raised Access Floor Systems Market Size And Forecast
Raised Access Floor Systems Market size was valued at USD 3.24 Billion in 2024 and is projected to reach USD 4.35 Billion by 2031growing at a CAGR of 5.91% from 2024 to 2031.
The increased need for office space for support activities coupled with increased renovations in existing office space over the globe is a few of the critical market trend drivers and trends fueling the growth of the market. The Global Raised Access Floor Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Raised Access Floor Systems Market Definition
Raised access Floor System is typically a raised structured floor that is placed on an existing floor and they are typically made of concrete or a similar sturdy material. The constituents of a raised floor system are multiple panels that are arranged together to form a plain surface. The slabs are mainly made out of steel or wood core covered by some metal like aluminum. The slabs are fixed in place using adhesives or mechanical fixtures.
The most common spaces for installing an elevated or raised surface are computer rooms, training and conference spaces, exhibit spaces, and general open office areas. Areas such as bathrooms, kitchens, and places that can get extremely humid and/or wet are usually advised to not get raised flooring. These areas have fixtures such as taps from which water may seep into the panels and destroy them.
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Global Raised Access Floor Systems Market Overview
Many developing and developed countries are facing increased demand for Raised Access Floor Systems because of the construction of new office spaces and residential areas on account of economic growth and an increase in the disposable income of the population. Moreover, because of global warming and an increased number of natural calamities, a greater number of people are looking to make their houses and offices safer and stronger against earthquakes and such calamities. Steel-encapsulated panels are the most popular choice among people as it is highly durable.
However, there are some drawbacks reported in the use of Raised Access Floor Systems Market. For instance, the increase in prices of materials such as steel and aluminum poses a deterrent to the demand for raised access flooring. Installation of elevated floors in areas that are humid, wet, or have chemical exposure can deteriorate the panels which might lead to increased costs. These factors are expected to restrain the global Raised Access Floor Systems Market growth over the forecast period.
Global Raised Access Floor Systems Market Segmentation Analysis
The Global Raised Access Floor Systems Market is segmented on the basis of Application, Product Type, and Geography.
Raised Access Floor Systems Market, By Application
Residential Building
Commercial Building
Based on Application, the market is bifurcated into Residential Building and Commercial Building. The residential building segment is projected to grow at a rapid pace during the forecast period. Commercial elevated floors are highly recommended owing to their popularity in office renovations. They are widely used for computer rooms and open office spaces as they provide stable flooring and also make the room aesthetically pleasing.
Raised Access Floor Systems Market, By Product Type
Steel Encapsulated
Calcium Sulphate Board
Aluminum Board
Chipboard Encapsulated
Based on Product Type, the market is bifurcated into Steel Encapsulated, Calcium Sulphate Board, Aluminum Board, and Chipboard Encapsulated. The steel encapsulated segment is likely to grow at the highest pace, owing to the superior strength and sturdiness provided by the same. It also helps in strengthening buildings made in zones that are prone to earthquakes.
Raised Access Floor Systems Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Based on Regional Analysis, the Global Raised Access Floor Systems Market is classified into North America, Europe, Asia Pacific, and Rest of the world. A huge chunk of demand for raised flooring is expected from North America and the Asia Pacific region owing to increased construction of residential as well as commercial spaces. Rise in the trend of renovations, and in an attempt to make structures stronger in seismic-prone regions, investments by key players in R&D to incorporate multiple functional utilities are likely to boost the Raised Access Floor Systems Market in the region.
Key Players
The “Global Raised Access Floor Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Lindner Group, Knauf, Exyte Technologies, Gamma Industries, Everest Industries Limited, Inc., Eurodek, Comey, JVP, Kingspan, and United Office Systems Pvt. Ltd.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Lindner Group, Knauf, Exyte Technologies, Gamma Industries, Everest Industries Limited, Inc., Eurodek, Comey, JVP, Kingspan, and United Office Systems Pvt. Ltd.
SEGMENTS COVERED
By Application
By Product Type
By Geography
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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