Global Outdoor Flooring Market

Global Outdoor Flooring Market was valued $xx Bn in 2019 and is expected to reach $21.07 Bn by 2026, at a CAGR of xx%
Global Outdoor Flooring Market Introduction

Outdoor flooring refers to the patio, pavement, pathways, and any artificial surface that you’re walking and standing on outside your home. Outdoor flooring is an element that provides outdoor areas with attractive and durable floor covering. There are a number of flooring options that can provide an elegant design to the outdoor area.

Outdoor flooring solutions are designed differently from indoor flooring solutions as outdoor flooring solutions require higher strength, better resistance to factors like moisture and climate. Various solutions like tiles, decking and other solutions are used for outdoor flooring.
Global Outdoor Flooring Market Dynamics

Bringing the indoors out is a trend that has been growing in popularity. Homeowners are realizing that they can extend the pleasures of the indoors to the backyard and maximize their time spent outside. Not only are homeowners trying to recreate the comfort of the indoors in their outdoor spaces, but they’re trying to recreate the overall aesthetic of it as well, with the use of patio stones, which is affecting the outdoor flooring market positively.

Wood-look patio decors are highly prominent as they are evergreen and never go out of style. Wood-look decking is highly trending and mostly opted for patio decor as it is versatile in case of looks. The wood-look decking tiles are less expensive and also are convenient as compared to the use of original wood that comes with numerous challenges.

The development of bio-based flooring materials is expected to fuel market outdoor flooring market growth in the coming years. Today consumers have become more environmentally conscious. The rising sustainability concept is reshaping the outdoor flooring market.

Apart from this, the increasing infrastructural renovations in the Asia-Pacific market is also expected to open up new opportunities for the players in the market. Rapidly growing construction activities in the region are driving the market. China, Japan, India, and Singapore are the major markets in Asia-Pacific owing to the growing residential and commercial construction activities in these countries.

Global Outdoor Flooring Market
Global Outdoor Flooring Market Segment Analysis

On the basis of end-user, the market has been segmented into residential, commercial, public sector, and others. Residential dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. The rise in demand for outdoor flooring across the residential segment is attributed to changing consumer lifestyle and increased consumer disposable income.

Moreover, owing to growing demand across the construction industry and increasing renovation and redecorating projects also fuel the demand of the market in residential applications. The commercial segment is expected to grow during the forecast period mainly due to an increase in construction activities in the hospitality, corporate, education, and retail sector. Outdoor flooring is mainly used for balconies and patios re-decorations which attributes to the aesthetic appeal of the house.

Changing trends in outdoor flooring such as outdoor tiles, deck flooring, sports floor tiles, outdoor rubber flooring, outdoor rubber mats, deck tiles, and playground flooring are among others that are expanding the residential segment. However, the public infrastructure segment is estimated to witness the highest CAGR of 6.2% from 2020 to 2026.

The tiles segment dominates the market and is expected to grow at the highest CAGR during the forecast period. The rise in demand for outdoor flooring in residential applications, attributed to changing consumer lifestyle, increasing consumer preference towards aesthetics as a result of the high disposable income of consumers is expected to drive the market in the coming years. Wood look-alike pavers have become an emerging trend. Wood planks add warmth to space, which is what most homeowners strive for when designing for outdoor living.

Global Outdoor Flooring Market

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Global Outdoor Flooring Market Regional Insights

Global Outdoor Flooring Market Regional InsightsAsia-Pacific accounted for the largest market share, in 2019 of xx%, contributing to around half of the total market share, and will maintain its dominance in terms of revenue throughout the forecast period. Followed by APAC, North American and European markets are also expected to show significant development. Rapid growth in the construction sector and increasing industrialization are driving the growth of the market in the Asia-Pacific region.

The US is the largest contributor to the global as well as regional outdoor flooring market. The development of commercial and residential infrastructure in the US is anticipated to fuel the demand for outdoor flooring in the region.
Additionally, continuous investments in commercial real estate also have a positive influence on the growth of the market. Europe is the second-largest market for wooden flooring. Increasing repair and refurbishing activities of the existing infrastructure have contributed to the market demand.

For More Information Visit :

Global Outdoor Flooring Market: Industrial Analysis and Forecast (2020-2026), By Material Type, Construction Type, Flooring Type, End User and Region

Global Outdoor Flooring Market Report Scope: Inquire before buying

Global Outdoor Flooring Market
Global Outdoor Flooring Market, by Region

• North America
• Europe
• South America
• Asia Pacific
Global Outdoor Flooring Market Key Players

• 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
• Forbo Holding
• Armstrong Flooring
• Florim Ciramiche S.p.A
• Fritz Industries

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