Dublin, July 09, 2024 (GLOBE NEWSWIRE) -- The "Global Raised Access Flooring System Market by Type (Aluminum Board, Calcium Sulphate Board, Steel Encapsulated), Application (Commercial Offices, Data Centers, Telecommunications) - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Raised Access Flooring System Market grew from USD 2.24 billion in 2023 to USD 2.37 billion in 2024. It is expected to continue growing at a CAGR of 5.91%, reaching USD 3.35 billion by 2030.
Several factors are driving the increased adoption of raised access flooring systems, including the rapid growth in the IT and telecommunications sectors, where managing a large number of cables and ensuring proper cooling requires sophisticated infrastructure. Additionally, the trend toward smart buildings with integrated systems for energy efficiency, automation, and connectivity has increased the demand for flexible solutions, including raised flooring. The increasing need for adaptable office spaces that can accommodate frequent layout changes also supports the expansion of this market.
However, market growth is hindered due to high initial costs for installation and the need for specialized labor. Furthermore, there are concerns about long-term maintenance, as neglecting this aspect can lead to problems such as dust accumulation and reduced system performance. Despite these challenges, the growing emphasis on sustainable and energy-efficient building practices is expected to boost demand for raised access flooring systems, as these systems facilitate better air distribution and energy management. The evolution of modular construction methods and increased investments in technological advancements offer the potential for innovation in materials and design, further expanding the applications of raised access flooring systems.
This research report offers invaluable insights into various crucial aspects of the market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Regional Insights
The raised access flooring system market is growing significantly across various global regions. In the United States, this growth is driven by substantial investments in data centers and corporate office refurbishments, supported by advanced technological integration, favorable government policies, and a strong emphasis on sustainability. Canada's market is expanding due to eco-friendly practices and growing adoption in commercial and educational institutions, aligning with green construction benefits. Europe, especially Germany, the United Kingdom, and France, observes robust growth fueled by energy-efficient buildings and regulatory mandates supporting green architecture.
The Middle East, particularly the UAE and Saudi Arabia, exhibits significant market activity driven by rapid urbanization and smart city developments. Africa shows untapped potential in South Africa and Kenya owing to increasing investments in IT infrastructure and urban development projects. In the Asia-Pacific region, China benefits from substantial investments in data centers and telecommunications infrastructure, driven by rapid digitization and urbanization. Japan's market grows with advancements in technology and a focus on earthquake-resistant infrastructure, while India shows increasing demand driven by burgeoning IT parks, digital transformation, and government push for smart cities. Latin America, inclusive of Brazil and Mexico, experiences growth through commercial construction activities, while ASEAN countries, including Singapore and Indonesia invest heavily in data center infrastructure.
Market Segmentation Analysis
- Type: Higher adoption of aluminum board raised access floors owing to their lightweight nature and exceptional resistance to corrosion
- Application: Growing applications of raised flooring systems for airflow management in data centers
Industry Insights
- Market Disruption Analysis
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
Recent Developments
Kingspan Unveiled Eco-Friendly Raised Access Floor Panel with Industry-Leading Carbon Reduction for UK & Ireland
Kingspan Group, a company in high-performance insulation and building envelopes, underscored its commitment to reducing the carbon footprint of the built environment with the launch of its lowest-ever embodied carbon raised access floor panel, the Kingspan RMG600+. The RMG600+, developed by Kingspan's Data & Flooring division, features an embodied carbon content of -3.04kg CO2e (A1-A3), marking a 57% reduction compared to the standard range.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Raised Access Flooring System Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Raised Access Flooring System Market, highlighting leading vendors and their innovative profiles. These include:
- ASP Access Floors Pty. Ltd.
- Bathgate Flooring
- Bathgate Flooring Limited
- CBI Europe
- DB Dazzle
- Exyte Technology GmbH
- GAMMA Industries
- Global Integrated Flooring Solutions
- Group Jansen
- Haworth Inc.
- Huatong Xinli Flooring Co. Ltd.
- Kingspan Group PLC
- Lenzlinger Sohne AG
- Lindner Group KG
- Maxgrid Access Floor Co. Ltd.
- MERO-TSK International GmbH & Co. KG
- Polygroup Europe S.L.
- Porcelanosa Group
- Sundream Group
- Tankaria Access Floors
- Tate Access Floors, Inc.
- Veitchi Flooring Ltd.
Market Segmentation & Coverage
This research report categorizes the Raised Access Flooring System Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
- Aluminum Board
- Calcium Sulphate Board
- Steel Encapsulated
Application
- Commercial Offices
- Data Centers
- Telecommunications
Region
- Americas
- Asia-Pacific
- Europe, Middle East & Africa
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $2.37 Billion |
| Forecasted Market Value (USD) by 2030 | $3.35 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/n3vb5q
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