The global outdoor flooring market revenue is expected to expand at a significant CAGR over the forecast period. Rise in construction projects and activities in various countries across the globe as well as infrastructure influence the market growth over the forecast period.
Global market report has been segmented on the basis of material, type, end-users, and region. On the basis of material, the target market is segmented into wood, ceramics, concrete and others. Wood material is expected to witness positive growth owing to changing lifestyle and increased demand from residential construction.
On the basis of type, the target market is segmented into tile, decking, and others. Tile segment accounts for largest market share due to continuously increasing private and residential construction and focus towards aesthetic values. Tiles are the most preferred outdoor solutions owing to flexibility in design, modular construction, low cost of maintenance, and easy installation.
On the basis of end-users, the global market is segregated into residential, commercial, public infrastructure, and others. Residential segment is expected to be the largest growing segment, attributable to its demand for aesthetic flooring and easy installation.
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Based on region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to account for highest share in terms of revenue over the forecast period, owing to growing building & construction activities, rising urbanization, changing consumer preferences and supportive government measures. Markets in China, India and Japan are expected to witness growing demand for construction activities, which will further contribute to revenue growth of the global market in next 10 years. Moreover, increasing disposable income and growing purchasing power will enhance revenue share of the market in Asia Pacific. Changing lifestyle along with migration of people from rural to urban areas have also contributed for growth of global outdoor flooring market. Moreover, Implementation of beneficial regulations along with rising population is making the flooring market in Asia Pacific region highly attractive.
Key players operating in the global outdoor flooring market include AZEK Company, Beaulieu International Group, Citadel Floors, ECORE International, Inc., Fiberon, Mats Inc., Mohawk Industries, Tandus Group, Inc., Tarkett SA., Timber Holdings USA, and others.