Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 1,828.90 Million | USD 3,089.90 Million | CAGR at 6.00% | 2023 |
According to the report published by Zion Market Research, the global Outdoor Flooring Market size was valued at USD 1,828.90 Million in 2023 and is predicted to reach USD 3,089.90 Million by the end of 2032. The market is expected to grow with a CAGR of 6.00% during the forecast period. The report analyzes the global Outdoor Flooring Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Outdoor Flooring Market industry.
Outdoor flooring is an excellent way to change the look of the yard or patio. Choosing an appropriate type of outdoor flooring is very important as the outdoor area has to face harsh weather conditions. A wide range of outdoor flooring options are available as the hardwoods or other options that are best suited for indoor flooring are not the perfect ones for a patio area or outdoor porch.
The global outdoor flooring market is growing at a healthy rate. An increase in the standard of living, rise in disposable income, and growing spending on outdoor flooring among the population who loves to spend a significant amount of time outdoors are the major factors that are boosting the growth of the global outdoor flooring market. Further, different materials for outdoor flooring such as ceramics, concrete, wood, and many more are available in the market. This gives the consumer a wider scope to choose as per their budget as well as preferences. Nowadays with a hectic life schedule, people prefer to relax in the patio area and are thus focusing to create decorative, elaborative, and modest spaces.
In addition to this, major key players are also expanding their product portfolio to meet the consumers demand. All such factors are effectively contributing to the global outdoor flooring market. In addition to this, factors such as an increase in commercial projects and an increase in investments for public infrastructural development projects are also equally driving the growth of the overall market. Furthermore, rapid urbanization in emerging countries and an increase in penetration of regional & small players through online platforms may offer numerous opportunities for the growth of the global outdoor flooring market during the forecast period. However, the low penetration rate of the market in low and middle-income countries may limit the growth of the global outdoor flooring market.
The global outdoor flooring market is adversely affected by the outbreak of Covid-19. Strict lockdown and restrictions on movement have enforced the construction industry to halt all their residential as well as commercial projects. Additionally, the pandemic has also led to the economic crisis which has resulted in a major change in consumer behavior. In the pandemic condition, the consumer is majorly spending on essential goods only and has substantially decreased their spending on non-essential goods. This has primarily affected the growth of the market. However, with ease in restrictions and economic stability, the market is expected to grow at a steady rate during the forecast period.
The global outdoor flooring market is classified based on construction type, flooring type, material type, distribution channel, application, and region.
Based on the construction type, the global outdoor flooring market is categorized into renovation and new construction.
The flooring type segment is bifurcated into resilient and non-resilient.
Based on the material type, the global market is divided into stone, concrete, ceramics, wood & laminate, and others.
The distribution channel segment is categorized into multi-brand stores, specialty stores, online retailers, direct sales, wholesalers/distributors, and other sales channels.
The application segment consists of public infrastructure, commercial, residential, and others.
Report Attributes | Report Details |
---|---|
Report Name | Outdoor Flooring Market Research Report |
Market Size in 2023 | USD 1,828.90 Million |
Market Forecast in 2032 | USD 3,089.90 Million |
Growth Rate | CAGR of 6.00% |
Number of Pages | 196 |
Key Companies Covered | Timber Holdings USA, Ebaco India Pvt. Ltd., ECORE International, Inc., Citadel Floors, Beaulieu International Group, AZEK Company, The Biltrite Corporation, Tandus Group, Inc., Mohawk Industries, and Fiberon, Mats Inc. among others. |
Segments Covered | By Construction type, By Flooring type, By Material type, By Distribution channel, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Among the regions, Asia Pacific is estimated to hold the maximum share in the global outdoor flooring market during the forecast period. Factors such as emerging economies, rise in residential projects, and growing investment of the government for the development of public infrastructures are likely to drive he regional market growth. In addition to this, change in lifestyle, increase in spending, and growing preference of the consumer towards outdoor flooring are also some of the factors that are fueling the market growth in this region. North America and Europe are also expected to contribute to the significant share in the market due to an increase in spending on outdoor flooring and a rise in renovation projects.
Some of the dominant players that are functioning in the global outdoor flooring market are:
By Construction type
By Flooring type
By Material type
By Distribution channel
By Application
Global Outdoor Flooring Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
An increase in the standard of living, rise in disposable income, and growing spending on outdoor flooring among the population who loves to spend a significant amount of time outdoors are the major factors that are boosting the growth of the global outdoor flooring market. Furthermore, rapid urbanization in emerging countries and an increase in penetration of regional & small players through online platforms may offer numerous opportunities for the growth of the global outdoor flooring market during the forecast period.
Some of the dominant players that are functioning in the global outdoor flooring market are Timber Holdings USA, Ebaco India Pvt. Ltd., ECORE International, Inc., Citadel Floors, Beaulieu International Group, AZEK Company, The Biltrite Corporation, Tandus Group, Inc., Mohawk Industries, and Fiberon, Mats Inc. among others.
Among the regions, Asia Pacific is estimated to hold the maximum share in the global outdoor flooring market during the forecast period. Factors such as emerging economies, rise in residential projects, and growing investment of the government for the development of public infrastructures. In addition to this, change in lifestyle, increase in spending, and growing preference of the consumer towards outdoor flooring are also some of the factors that are fueling the market growth in this region.
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