IMARC Group, a leading market research company, has recently releases report titledRaised Access Floor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including theglobal raised access floor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the raised access floor market?
The global raised access floor market size reached US$ 1.47 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.98 Billion by 2028, exhibiting a growth rate (CAGR) of 4.80% during 2023-2028.
What are the growth prospects and trends in the raised access floor industry?
The growth of urbanization, coupled with the demand for efficient and flexible workspaces, especially in emerging economies, is one of the key factors driving the growth of the raised access floor market. In line with this, the need for adaptable office environments that can easily accommodate technological upgrades and changes in space utilization is significantly contributing to market expansion. Moreover, advancements in flooring technology are enabling the production of more aesthetically pleasing, functional, and sustainable Raised Access Floor systems, thereby augmenting market growth. Besides this, the global focus on energy efficiency and environmentally friendly construction practices has escalated the demand for raised access floors that contribute to optimal building performance. This factor, coupled with the increasing requirements for data centres and other specialized facilities, is stimulating market growth. Furthermore, the need for compliance with building codes and standards, particularly related to safety and accessibility, is fueling the market's growth. The expansion of the global economy, coupled with governmental policies supporting infrastructure development and modernization, is creating a positive market outlook. Other factors, such as investments in research for developing innovative flooring solutions and the emergence of companies specializing in raised access floor, are propelling market growth globally.
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What is Raised Access Floor?
Raised Access Floor refers to a type of floor used in modern office buildings and data centres, which provides an elevated structural floor above a solid substrate to create a hidden void for the passage of mechanical and electrical services. Characteristics of Raised Access Floor include its ability to facilitate the distribution of services such as power, heating, cooling, and communications, flexibility in design to adapt to changing needs, and compliance with building regulations. The features of Raised Access Floor encompass ease of access for maintenance, enhancement of energy efficiency, adaptability to different spaces, and integration with modern interior design concepts. Modern Raised Access Floors also employ innovative materials and technologies to provide improved load-bearing capacity, fire resistance, and acoustic performance.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Type:
- Steel Encapsulated
- Calcium Sulphate Board
- Aluminum Board
- Chipboard Encapsulated
Market Breakup by Application:
- Data Center
- Commercial Office Space
- Nonprofit Management
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ASP Access Floors Pty Ltd
- Bathgate Flooring Limited
- CBI Europe
- Exyte Technology GmbH
- GAMMA Industries SAS
- Global Integrated Flooring Solutions
- Huatong Xinli Flooring Co.Ltd.
- Kingspan Group
- Lenzlinger Shne AG
- Lindner Group
- MERO-TSK International GmbH Co. KG
- Veitchi Flooring Ltd
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