IMARC Group, a leading market research company, has recently releases report titled “Raised Access Floor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global 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 is Raised Access Floor?
Raised access floor refers to a type of flooring system commonly used in commercial buildings, data centers, and other facilities that require efficient cable management and flexibility for infrastructure installations. It consists of modular panels supported by pedestals, creating an elevated floor space above the structural subfloor. This void created by the raised access floor system allows for the concealment and organization of electrical, data, and HVAC (heating, ventilation, and air conditioning) services, providing easy access for maintenance and reconfiguration. Raised access floors are customizable and offer versatility in design, making them suitable for modern office spaces and technology-intensive environments.
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What are the growth prospects and trends in the raised access floor industry?
The global raised access floor market is majorly driven by the increasing reliance on IT infrastructure in commercial spaces and data centers, which necessitates efficient cable management and infrastructure solutions. Raised access floors provide a flexible and adaptable platform for the installation of electrical and data cables, ensuring easy accessibility and adaptability to technological advancements. Moreover, an enhanced focus on sustainability and green building practices is bolstering the adoption of raised access floors. These floors are often made from environmentally friendly materials, such as recyclable steel or low-emission wood core panels, while offering better indoor air quality as they can accommodate air purification systems and reduce the circulation of dust and allergens. In line with this, considerable rise in construction and renovation activities of aging buildings and infrastructure is also creating a positive outlook for the market. Raised access floors provide a convenient solution for retrofitting older spaces, allowing the integration of new technologies and infrastructure without the need for extensive modifications or disruption to the existing structure. This capability drives the demand for raised access floors in renovation and refurbishment projects.
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 Söhne AG
- Lindner Group
- MERO-TSK International GmbH & Co. KG
- Veitchi Flooring Ltd
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