Outdoor Flooring Market to Generate $22.07 Bn, Globally, by 2027, at 5.6% CAGR: AMR

Outdoor Flooring Market to Generate $22.07 Bn, Globally, by 2027, at 5.6% CAGR: AMR

PR Newswire

PORTLAND, Ore., Nov. 2, 2020

- Increase in adoption of thermally treated wood, upsurge in consciousness toward outdoor remodeling, and growth in popularity of outdoor entertaining areas among residential end users propel the growth of the global outdoor flooring market.

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Outdoor flooring Market by Material Type (Wood & Laminate, Ceramic, Synthetic fiber & fabric, and Others), Flooring Type (Non-Resilient, and Resilient), Construction Type (New construction, and Renovation), and End User (Residential, Commercial, Public Infrastructure, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027" According to the report published by Allied Market Research, the global outdoor flooring market garnered $16.55 billion in 2019, and is projected to reach $22.07 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027.

Allied Market Research

Prime determinants of the market-

Increase in adoption of thermally treated wood, upsurge in consciousness toward outdoor remodeling, and growth in popularity of outdoor entertaining areas among residential end users propel the growth of the global outdoor flooring market. Nevertheless, increase in emphasis toward utilization of green and eco-friendly materials and fluctuations in foreign currencies influence profit margins impede the market growth. However, focus toward public-private partnerships (PPPs) for infrastructure development is expected to to usher in new opportunities in the near future.

Covid-19 Scenario:

Download Report Sample (230 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/3332

The ceramic segment is anticipated to dominate the market by 2027-

Based on material type, the ceramic segment contributed to the largest market share in 2019, accounting for more than four-fifths of the global outdoor flooring market, and is projected to maintain its lead status during the forecast period. In addition, the same segment is anticipated to manifest the fastest CAGR of 6.4%. This is owing to scarcity of wood, which in turn, increases the curb appeal of the property and hence, propels the resale value of a property.

The new construction segment held the lion's share in 2019-

Based on construction type, the new construction segment accounted for the highest market share, contributing to more than two-thirds of the global outdoor flooring market in 2019, and is expected to maintain its dominant share by 2027. Furthermore, the same segment is projected to grow at the highest CAGR of 5.6% during the forecast period. The growth of the new construction is one of the major factors that drives the growth of the outdoor flooring market. Increased migrations of population in Europe and all the developments in the construction industry are other factors further fuel the segment growth.

Get detailed COVID-19 impact analysis on the Outdoor Flooring Market: https://www.alliedmarketresearch.com/request-for-customization/3332?reqfor=covid

Asia-Pacific, followed by North America, would lead the trail by 2027-

Based on region, the global outdoor flooring market across Asia-Pacific region has accounted for the highest share, contributing to around half of the total share in 2019, and will continue its leadership position during the forecast period. Surge in number of infrastructure development and new construction activities in developing countries in this province are driving the growth of the market. At the same time, North America region accounted for nearly one-fifth of the total market share. Moreover, the LAMEA region is anticipated to manifest the fastest CAGR of 6.5% from 2020 to 2027. The rise in urbanization leads to increase in demand for industrial and commercial infrastructure. This factor drives the market growth in this province.

Leading players of the market-

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/outdoor-flooring-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:   

Terrazzo Flooring Market: Global Terrazzo flooring market is projected to reach $31,951.2 million in 2025, growing at a CAGR of 4.9% from 2018 to 2025.

Ceramic Tiles Market: Global ceramic tiles market is expected to reach $145,949 million by 2022, registering a CAGR of 8.1% from 2016 to 2022.

Eco-Friendly Tiles Market: Eco-friendly Tiles Market is projected to reach at $37,753 million by 2023, growing at a CAGR of 11.9% from 2017 to 2023.

Floor Grinding Machines Market: Global floor grinding machines market is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027.

Roofing Tiles Market: Global roofing tiles market size was valued at $30,400.0 million in 2019, and is projected to reach $41,354.9 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.

Wooden Floor Market: Global wooden floor market is projected to reach $141,091.3 million by 2025, growing at a CAGR of 5.9% from 2018 to 2025.

Pre-Book Now with 12% Discount:

Construction Flooring Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Entrance Matting Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Floor Saws Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

Voltar noticias em Inglês