Global Raised Access Floor Market Size, Share, Trends, Growth & Forecast 2028

Industry Perspective:

The global raised access floor market size was worth around USD 1,542.50 Million in 2021 and is estimated to grow to about USD 2,114.79 Million by 2028, with a compound annual growth rate (CAGR) of approximately 5.40 percent over the forecast period. The report analyzes the raised access floor market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the raised access floor market.

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Raised Access Floor Market: Overview

A raised floor system is typically a raised structural floor placed on top of an existing base and is usually made of concrete or similar solid material. The components of the expanded floor system are many panels that are joined together to form a plane. The panels are mainly made of steel or wood core coated with a bit of metal such as aluminum. The bricks are fixed in place with glue or mechanical screws. The most common overhead or overhead surface installation spaces are computer rooms, training and conference spaces, exhibition spaces, and general open office spaces. Generally, high floors are not recommended in areas such as bathrooms, kitchens, and places that can become wet. These areas have devices such as faucets so water can seep into the panels and destroy them. The use of raised floor technology is increasing due to the development of the construction market. The optimal use of floor space is one of the main reasons for developing this technology. Increasing building permits for private residential homes and the growth rate in commercial construction are the key factors that significantly influence the market.

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COVID-19 Impact:

The COVID-19 pandemic has impacted the businesses on raised access floors. The COVID-19 pandemic spread throughout the world as strict lock-downs are implemented by governments and shut down companies. Thus, the movement of people is restricted during the Covid-19 pandemic; the global raised access floor market is likely to be impacted considerably during the forecast period. Besides that, the uncertain use of these raised access floor products affected the market growth during the pandemic period.

Key Insights

• Global raised access floor market is projected to grow at a CAGR of 5.40% from 2022 to 2028.
• The global raised access floor market size was worth around USD 1,542.50 million in 2021 and is estimated to grow to about USD 2,114.79 million by 2028
• The increasing building permits for private residential homes and the growth rate in commercial construction are the key factors that significantly influence the market.
• By type, the steel encapsulated segment dominated with accounted significant market share in 2021.
• By application, the commercial office space segment accounted significant amount of market share in 2021.
• In 2021, North America captured the largest revenue share of the global market.

Raised Access Floor Market: Growth Drivers

The growing number of construction activities aids the global market growth

Many developing and developing countries are facing increased demand for raised floor systems due to the construction of new residential and office spaces due to economic growth and the increasing disposable income of the people. In addition, due to global warming and the growing number of natural disasters, more and more people are looking for ways to make their homes and offices safer and more resilient to earthquakes, disasters, and others. Steel wrap sheets are the most popular choice because they are durable. All of these factors are likely to drive the growth of the global raised access floor market during the forecast period.

Raised Access Floor Market: Restraints

The rising prices of raw materials may hamper the global market growth

Rising costs of materials such as steel and aluminum have reduced the need for increased access floors. Installing raised floors in damp areas or being exposed to chemicals can cause slabs to degrade, resulting in increased costs. These factors are expected to restrain the growth of the global raised floor systems market during the forecast period.

Raised Access Floor Market: Opportunities

Increased investment by hyperscale service providers brings up several growth opportunities

The use of raised floor technology is increasing due to the development of the construction market. More than 70 super data centers were opened or under construction in 2019. In addition, the US alone is expected to add about 30 more mega data centers by 2023. For instance, in 2019, GIGA Data Centers opened a 60 MW data center in North Carolina, USA. In December 2018, Apple announced plans to invest USD 10 billion in data centers across the US over the next five years. Therefore, increased investment by hyperscale service providers is expected to benefit advanced flooring manufacturers.

Raised Access Floor Market: Segmentation

The global raised access floor market is segregated based on type, application, and region.

By type, the market is divided into steel encapsulated, calcium sulfate board, aluminum board, chipboard encapsulated, and others. Among these, the steel encapsulated segment dominates the market, accounting for a significant percentage of global sales due to its superior strength and durability. It also helps strengthen buildings built in earthquake-prone areas.

By application, the market is bifurcated into the data center, commercial office space, nonprofit management, and others. Over the forecast period, commercial office space dominating the market due to the commercial raised floors are highly recommended due to their popularity in office renovations. They are widely used for computer rooms and open office spaces, providing a stable floor and making the room aesthetically pleasing.

Recent Developments

• November 2021 - Tate Inc., the market leader in raised floor manufacturing, has announced the launch of its raised floor product, Cavity Floors. The cavity floor is a raised floor system designed for specific applications requiring limited or no access to the subfloor.

Global Raised Access Floor Market Report Scope:

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Raised Access Floor Market: Regional Landscape

The new construction projects help North America dominate the global market

North America is expected to dominate the global raised access floor market during the forecast period. Much of the demand in North America comes from new construction projects expected to drive the market. Demand for raised floors in the region is driven by the sheer size of end-user industries such as data centers, commercial businesses such as retail, semiconductor, and aerospace, and important public utility centers. The region is at the forefront of innovative manufacturing practices, supported by comprehensive product development focusing on energy efficiency, lower lifecycle costs, and sustainability. Growth in general commercial construction demand and the high availability of cheap labor have fueled growth in the Asia Pacific region. Key drivers of this region include the growing data center market due to the growing number of internet users, increased use of social media and high penetration of smartphones, increasing adoption of public and hybrid cloud services, and the need for businesses to move from server rooms to data centers.

Raised Access Floor Market: Competitive Landscape

Some of the main competitors dominating the global raised access floor market include – Kingspan, Global IFS, CBI Europe, Polygroup, Bathgate Flooring, MERO-TSK, PORCELANOSA, Lenzlinger, Veitchi Flooring, AKDAG S.W., UNITILE, ASP, Yi-Hui Construction, Changzhou Huatong, Changzhou Huili, Huayi, and Maxgrid.

Global raised access floor market is segmented as follows:

By Type

• Steel Encapsulated
• Calcium Sulphate Board
• Aluminum Board
• Chipboard Encapsulated
• Others

By Application

• Data Center
• Commercial Office Space
• Nonprofit Management
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa