Raised Floor Market Key Findings, Size, and Share by 2031
The raised floor market size is projected to reach US$ 2,311.79 million by 2031 from US$ 1,366.90 million in 2023. The market is expected to register a CAGR of 6.8% in 2023–2031.
A raised floor is a structural floor raised above a concrete slab, consisting of multiple panels supported by adjustable pedestals. A raised floor system finds applications in computer rooms, open office areas, training and conference areas, exhibit spaces, and clean rooms. It is unsuitable for slab-on-grade locations, wet areas such as toilets and kitchens, laboratories, and mechanical equipment rooms. A raised floor system provides a high thermal mass base material for radiant heat systems, improves multistorey buildings' lateral resistance and durability, reduces construction costs in high seismic regions, and is waterproofed. The existence of key players such as Kingspan Group, CBI Europe, MERO-TSK International, and others.
Raised Floor Market Analysis
A growing number of data centers and new construction projects are the key drivers of the raised floor market. The market for raised floors is also growing due to the increasing demand for raised floor systems in several applications, including data centers, clean rooms, and office spaces. Further, the development of hyperscale data centers and the emergence of next-gen raising floor systems are likely to emerge as a trend in the raised floor market during the forecast period.
In addition, the demand for hyperscale data centers is driving the growth of colocation data centers, which provide facilities for multiple clients to host their IT infrastructure. The increasing demand for data-driven monitoring and failure prevention systems has led to the utilization of machine learning for better data analysis. Modern automation platforms can handle most server operations, from component inventory and registration to instant hardware replacement in the event of malfunctions. The emergence of 5G is likely to enable advances in AR, VR, and AI solutions for businesses and individuals. As the nature of data and edge computing evolves, there will be a growing need to collocate data closer to the data source, which is expected to increase the construction of smaller data centers.
Raised Floor Market Overview
A raised floor is widely used in hyperscale data centers in order to facilitate the support and offer sustainability. Hyperscale data centers are massive business-critical facilities designed to efficiently support robust and scalable applications, which are often associated with large data-producing companies such as Google, Amazon, Facebook, IBM, and Microsoft. These hyperscale data centers can be built using raised floor designs, and these raised floors are used in hyperscale data centers because of their perforated tiles and elevated design, which allows for efficient cooling and cable management. As of 2021, there are more than 600 hyperscale data centers across the globe. The five largest hyperscale data centers are the Inner Mongolian Information Hub, Hohhot Data Centre, Citadel Campus, Range International Information Hub, and Switch SuperNAP.
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Raised Floor Market: Strategic Insights
Market Size Value in US$ 1,283.52 million in 2022 Market Size Value by US$ 1,842.65 million by 2028 Growth rate CAGR of 6.5% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2022
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Raised Floor Market: Strategic Insights
| Market Size Value in | US$ 1,283.52 million in 2022 |
| Market Size Value by | US$ 1,842.65 million by 2028 |
| Growth rate | CAGR of 6.5% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
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Raised Floor Market Drivers and Opportunities
Growing Number of Data Centers
The augmentation of social media and rising digitization, remote work adoption, OTT services, IoT and data analytics demand, and digital technologies utilization are propelling the demand for data centers across the world to store the collected information. The US (2,701), Canada (328), China (443), Germany (487), and the UK (456) are among the topmost countries with the largest data center numbers. Data center services include cloud and hosting, infrastructure, consulting, virtualization, and networks. An inclination toward cloud services for enterprises has benefited leading data center players such as Google Cloud, AWS (Amazon), and Microsoft Azure. Additionally, in the last few years, expenditure on data centers has been growing.
The raised floors are used to fulfill the need to route mechanical services, cables, electrical supply, and wiring. Unitile has a portfolio addressing raised floor-related requirements from Tata Communications, netmagic, Nxtra Data, HCL, STTelemedia Global Data Centers, and Accenture. Polygroup is another company doing projects for providing raised floors for data centers and office buildings. The company has projects in Accra (Ghana), KPMG office buildings (Panama), and Nativa (Panama) for providing raised floors for data centers. Similarly, The Access Flooring Company has projects in Foster Land London. Following are a few construction projects contributing to the demand for raised floors: (CAT A Fit out bare raised floor system), 111 Cannon St London 32. Such projects contribute towards the rise of the raised floor market.
- In March 2023, in the US, Grimshaw Architects announced that it is seeking ahead to transform a parking lot in Chinatown into a creative hub. 130 West College Street is expected to be an office building with large spans of glass open to a public-facing outdoor deck space.
Development of Hyperscale Data Centers is Expected to Create Ample Opportunity for Market Growth
A hyperscale data centre is a mission-critical facility supporting scalable and robust workloads. Since Amazon, Google, Facebook, Apple, Microsoft Corporation, and other large companies require enormous data processing and storage, they prefer hyperscale data centres. In the last few years, data centres have undergone significant evolution and changes. Earlier, large enterprises only could afford resources, IT teams, and space needed by the data centres. However, with changing industrial dynamics, data centres are taking various forms, such as collocated, cloud, edge, and hosted would propel the development of hyperscale data centres in the coming years. A rise in the number of cloud computing services, such as software as a Service (SaaS) and mission-critical workload applications, bolsters the requirement for complex data centres. Owing to rising mission-critical applications, the scope of hyperscale data centres will grow in the coming years.
Raised Floor Market Report Segmentation Analysis
Key segments that contributed the raised floor market is bifurcated into type and application.
Depending upon type, the market is divided into steel encapsulated, calcium sulphate board, aluminium board, and chipboard encapsulated. Among these, aluminium board is growing with highest CAGR during the forecast period.
Based on the application segment is segmented into the data centre, commercial office space, clean room floor system, and Seismic isolation floor system. Since, steel concrete-based raised floors are widely used as they provide high durability, reliability, and strength. Raised floors are widely used among data centres, office workspaces, command centres, and others. A growing number of data centres and new construction projects are the key drivers of the raised floor market. The market for raised floors is also growing due to the increasing demand for raised floor systems in several applications, including data centres, clean rooms, and office spaces. Further, the development of hyperscale data centres and the emergence of next-gen raising floor systems are likely to emerge as a trend in the raised floor market during the forecast period.
Raised Floor Market Share Analysis by Geography
The geographic scope of the Raised Floor market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America is expected to have the largest share for the raised floor market owing to presence of huge number of data centres in the US. In North America, new construction projects, majorly for offices, are a key factor driving the market growth. The demand for raised floors is increasing in data centres, commercial businesses, and other end-user industries. The North American raised floor market is evolving rapidly due to factors such as comprehensive product development, a rise in the use of steel, and innovative manufacturing practices. The continuously flourishing construction industry and improving standards of living are the key factors favouring the raised floor market growth in the region. Strong demand for data and technologies fuels the wholesale data centre market in North America, which, in turn, triggers the construction of data centres.
Europe is anticipated to register a substantial CAGR from 2023 to 2028. The growing demand for data centers is a major driver of the raised floor market in the region. Data centers require extensive cabling, power distribution, and cooling infrastructure, all of which can be accommodated by raised floor systems.
Raised Floor Market Report Scope
Raised Floor Market News and Recent Developments
The raised floor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In April 2023, Kingspan Group, the building material manufacturer, launched RMG600 raised access floor panels for commercial offices. RMG600 is made with a lower embodied carbon range. It offers higher strength and performance to access floor panels. (Source: Eurofins, Press Release)
Raised Floor Market Report Coverage and Deliverables
The “Raised Floor Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering the following areas:
- Raised Floor Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Raised Floor Market Trends
- Detailed PEST Analysis and SWOT analysis
- Raised Floor Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
- Raised FloorMarket Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed Company Profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America is expected to dominate the raised floor market in 2023.
Growing number of data centers across the globe drives the market growth
Increasing construction of the hyperscale data centers drives the market growth
Kingspan Group, CBI Europe, MERO-TSK International GmbH & Co. KG, Pro Access Floors LL, GAMMA Industries SAS, Lindner AG, Changzhou Huateng Access Floor Co Ltd, Changzhou Huiya Decoration Materials Co Ltd, Mero Asia Pacific Pte Ltd, ASP Access Floors Pty Ltd., ASM Modular Systems Inc, Huatong Xinli Flooring Co Ltd, Jiangsu Huilian Access Floor Co Ltd, CBI Europe SpA, and Others
The raised floor market size is projected to reach US$ 2,311.79 million by 2031 from US$ 1,366.90 million in 2023.
The market is expected to register a CAGR of 6.8% in 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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