Outdoor Flooring Market: Global Industry Analysis and Forecast (2023-2029)

Outdoor Flooring Market was valued nearly US$ 18.70 Bn. in 2022. Outdoor Flooring Market size is estimated to grow at a CAGR of 5.6% & is expected to reach at US$ 27.40 Bn. by 2029.
Outdoor Flooring Market Overview:
Outdoor flooring refers to goods which provide flooring for structures & infrastructure on the outside. Horizontal features for building & infrastructure architecture which help regulate landscape attributes for visual appeal, pedestrian circulation, & to provide support to other infrastructure elements are referred to as flooring.To know about the Research Methodology :- Request Free Sample Report

The market is influenced by new constructions, renovations, & retrofitting operations for buildings & infrastructure, which are likely to drive the outdoor flooring industry throughout the forecast period. Furthermore, as millennial home buyers adopt outdoor recreation areas & disposable income rises, demand for outdoor flooring solutions among residential end users rises. However, rising focus on the use of green and eco-friendly materials, as well as currency fluctuations, have an impact on profit margins and are expected to stymie the worldwide industry. In addition, the growing emphasis on public-private partnerships (PPPs) for infrastructure development presents lucrative growth potential for the outdoor flooring market.

Furthermore, the growing popularity of thermally treated wood has resulted in widespread acceptance by both commercial and residential end users. Weather resistance, water repellency, & dimensional stability are just a few of the benefits of thermally treated wooden tiles. Furthermore, demand for thermally preserved timber floorings for outdoor decks & swimming pool areas, particularly in Europe, is driving market expansion. According to the European Federation of the Parquet Industry (FEP), for example, consumption of hardwood parquet goods increased dramatically in 2022 in countries including France, Poland, Spain, and Austria.

Furthermore, because of their aesthetics & ancient elements, oak flooring in outdoor spaces facilitates higher value perception among persons. As a result, the market for outdoor flooring is expected to develop due to an increase in the adoption of thermally treated wood over the forecast period. The new coronavirus is swiftly spreading throughout numerous countries & areas, wreaking havoc on people's lives and the community as a whole. It began as a human health concern & has since become a major threat to global trade, economics, and finance.

The impact of the COVID-19 lockdown is unclear, & outdoor flooring businesses' economic recovery is entirely dependent on their cash reserves. Market contributors can only have enough money a complete lockdown for an incomplete time before having to change their investment strategies. To effectively respond to an immediate crisis and discover new ways of working after coronavirus cases begin to decline, outdoor flooring manufacturers must focus on protecting their employees, operations, and supply chain partners. Furthermore, the number of COVID-19 cases is predicted to decline in the near future, as COVID-19 vaccinations are scheduled to be available by the end of 2022 or the beginning of 2022. This is also predicted to contribute to the re-starting of outdoor flooring businesses at full capacity, assisting the market's recovery by the start of 2022.
Outdoor Flooring Market Segment Overview:
Material type, flooring type, end user, & region are all used to segment the outdoor flooring industry. Wood & laminate (decking), ceramics (tiles), synthetic fibre and fabrics (carpets & rugs), & others make up the material type division. There are two types of flooring: non-resilient and resilient. The market is divided into three regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

In the year 2022, the APAC region dominated the outdoor flooring market, accounting for the largest share, & this trend is expected to continue over the forecast period. This can be linked to improved economic conditions and government measures to create more affordable homes.

Market Growth Will Be Driven by Increasing Government Funding and Private Investment

Over the last few decades, the architecture industry has changed at a breakneck rate, fueled by technological developments, the introduction of new materials, and quick changes in the legal landscape. As environmental sustainability and preservation continue to gain traction in the building and construction industry, environmentally friendly solutions are gaining traction quickly around the world. The global sports flooring market has grown significantly over the last decade, particularly in emerging countries, where governments are progressively devoting cash for the development of both indoor and outdoor sports facilities. Furthermore, the rising need for sports facilities, especially in universities and high schools around the world, has had a direct impact on the global sports flooring market's growth.

Some of the major factors anticipated to accelerate the global sports flooring market during the forecast period include an increase in the number of health-conscious people, increased interest in outdoor and indoor sports, an increase in the number of sports hobbyists, and the introduction of new sports floors with new materials. Because of the enhanced comfort and performance of new sports floor variants, the sporting community is embracing new types of sports floors, a trend that is projected to continue during the assessment period. While government investments continue to rise, private investors have shown an increased interest in the sports sector, resulting in a greater focus on the building of world-class athletic facilities.

In the wake of the COVID-19 pandemic, demand for sports flooring is expected to fall.

The outbreak of the unique COVID-19 pandemic has caused several projects in the building and construction industry to be halted or delayed. Due to the closure of gymnasiums, yoga centres, and other indoor and outdoor sporting facilities as a result of strict lockdown regulations, restrictions on internal and cross-border transportation, and measures to contain the virus's transmission, demand for sports floors is expected to remain lower than usual. Furthermore, some projects have been put on hold or are projected to be postponed due to the current economic situation in several regions and the detrimental impact of the pandemic. Market participants could take advantage of these chances to create cash during the pandemic as governments scurry to build interim COVID-19 centres and permanent healthcare facilities. While market growth is predicted to be slow in the first two quarters of 2022, the sports flooring industry is expected to show indications of improvement by the end of 2022 & the 1st quarter of 2022.
Analyze the Competition
Crucial businesses are using product launches as a key tactic to stay competitive in the market. Ecore International, Inc., for example, debuted a new Aurora carpet in the year 2021. Rubber wear layer fusion is one of its properties. It comes in a 7 mm thickness and 14 different color variations. It is ideally suited to the healthcare and residential industries. Similarly, Ecore International, Inc. debuted Crossing Rx, a new brand of flooring for its Rx collection, in July 2021. Crossing Rx comes in eight neutral colors. It comes in six-foot-wide coils. It is appropriate for use in public spaces, courts, fitness centres, and shared residential areas.

The objective of the report is to present a comprehensive analysis of the Outdoor Flooring Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Outdoor Flooring Market dynamics, structure by analyzing the Market segments and project the Outdoor Flooring Market size. Clear representation of competitive analysis of key players by Operation, price, financial position, Operation portfolio, growth strategies, and regional presence in the Outdoor Flooring Market make the report investor’s guide.
Outdoor Flooring Market Scope: Inquire before buying



Global Outdoor Flooring Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.6%
US$ 18.70 Bn
US$ 27.40 Bn


Segments Covered


by Material Type
Wood & Laminate
Ceramic
Synthetic fiber
Others.
by Flooring Type
Non-Resilient
Resilient
by End User
Residential
Commercial
Public Infrastructure
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Outdoor Flooring Market Key Players are:
1. AZEK Company
2. Beaulieu International Group
3. Citadel Floors
4. ECORE International, Inc
5. Ebaco India Pvt. Ltd.
6. Fiberon, Mats Inc
7. Mohawk Industries
8. Tandus Group, Inc
9. Tarkett S.A.
10. The Biltrite Corporation
11. Timber Holdings USA.
12. Others.

FAQ’S:

1) What is the share of the Global Outdoor Flooring Market in 2022?
Answer: The Global Outdoor Flooring Market was accounted for 18.70 Bn in the year 2022.

2) Which Material Type segment is dominating the Global Outdoor Flooring Market?
Answer: Ceramic segment is the dominating Type segment in the market.

3) What are the key players in the Global Outdoor Flooring Market?
Answer: AZEK Company, Beaulieu International Group, Citadel Floors, ECORE International, Inc, Ebaco India Pvt. Ltd., Fiberon, Mats Inc, Mohawk Industries, Tandus Group, Inc, Tarkett S.A., The Biltrite Corporation, Timber Holdings USA. ,Others..

4) Which factor acts as the driving factor for the growth of the Outdoor Flooring Market?
Answer: The major factors for the growth of the Global Outdoor Flooring market includes rise in adoption of outdoor entertainment areas by millennial home buyers.