PUBLISHER: The Insight Partners | PRODUCT CODE: 1393996
PUBLISHER: The Insight Partners | PRODUCT CODE: 1393996
Asia Pacific Raised Floor Market Forecast to 2028 - Regional Analysis - by Type, and Application
The Asia Pacific raised floor market is expected to grow from US$ 524.04 million in 2023 to US$ 762.14 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2023 to 2028.
Emergence of Next-Gen Raised Flooring System Fuel Asia Pacific Raised Floor Market
The construction industry is revolutionizing with constant technological developments. The industry is reporting developments and implementation of new techniques and methods offering acoustic isolation, solving problem of shear transfer across diaphragm, and decreased construction cost in high seismic regions. Unitise reengineered its old, raised floor system and developed a next-generation system. The company's next-gen floor system is flexible and strongest, and overcomes the difficulties faced in the control room and data centres environments. Below mentioned are the feature exhibit by new next gen raised floor:
A 1200 mm wider plenum blocks fouling of cable tray and improves cable routing.
Lesser obstruction to underfloor services running above 500 mm.
Broader span prevents pedestals fouling and facilitates easy intervention of services.
Easy maintenance during construction program
Control room, data centres, casinos, education, coworking spaces, and open offices are among the applications of next gen raised floor systems. Henceforth, development of next gen raised floor systems will drive the Asia Pacific raised floor market growth in the future.
Asia Pacific Raised Floor Market Overview
The demand for office space in Asia Pacific is set to grow to 1.35 billion sq. ft. in the coming years despite the work-from-home arrangements. According to forecasts from Cushman & Wakefield, a total of 1.35 billion sq. ft. of office space is projected to be required in coming years across Asia Pacific, which signifies a 66% increase from the 800 million absorbed by corporate occupants over the last decade. Further, APAC accounts for 55% of office construction worldwide. Cushman & Wakefield anticipates an average of 120 million sq. ft. of office spaces would be built each year until 2024. Such huge projected growth in office space construction in Asia Pacific (APAC) will drive the adoption of raised floors in the coming years.
Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Raised Floor Market Segmentation
The Asia Pacific raised floor market is segmented into route of type, application, and country.
Based on type, the Asia Pacific raised floor market is segmented into steel encapsulated, calcium sulphate board, aluminum board, and chipboard encapsulated. The steel encapsulated segment held the largest share of the Asia Pacific raised floor market in 2023.
Based on application, the Asia Pacific raised floor market is segmented into data centres, office spaces, clean room floor system and seismic isolation floor system. The data centres segment held the largest share of the Asia Pacific raised floor market in 2023.
Based on country, the Asia Pacific raised floor market is segmented into the China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific raised floor market in 2023.
Changzhou Huateng Access Floor Co Ltd, Changzhou Huiya Decoration Materials Co Ltd, Kingspan Group plc, Mero Asia Pacific Pte Ltd, ASP Access Floors Pty Ltd, Huatong Xinli Flooring Co Ltd, and Jiangsu Huilian Access Floor Co Ltd are some of the leading companies operating in the Asia Pacific raised floor market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific raised floor market.
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific raised floor market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Asia Pacific Raised Floor Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 Asia Pacific
- 4.3 Expert Opinions
5. Asia Pacific Raised Floor Market - Key Market Dynamics
- 5.1.1 Growing Number of Data Centers
- 5.1.2 Rising Construction of Commercial Buildings Majorly Office Premises
- 5.2 Market Restraints
- 5.2.1 Low Adoption Rate
- 5.3 Market Opportunities
- 5.3.1 Development of Hyperscale Data Centres
- 5.4 Future Trends
- 5.4.1 Emergence of Next-Gen Raised Flooring System
- 5.4.2 Rise in Inclination Toward Green Data Centres
- 5.5 Impact Analysis of Drivers and Restraints
6. Raised Floor Market - Asia Pacific Market Analysis
- 6.1 Asia Pacific Market Overview
- 6.2 Asia Pacific Raised Floor Market Revenue Forecast and Analysis
7. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 - Type
- 7.1 Overview
- 7.2 Asia Pacific Raised Floor Market, By Type (2022 & 2028)
- 7.3 Steel Encapsulated
- 7.3.1 Overview
- 7.3.2 Steel Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Calcium Sulphate Board
- 7.4.1 Overview
- 7.4.2 Calcium Sulphate Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Aluminum Board
- 7.5.1 Overview
- 7.5.2 Aluminum Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 7.6 Chipboard Encapsulated
- 7.6.1 Overview
- 7.6.2 Chipboard Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 - Application
- 8.1 Overview
- 8.2 Asia Pacific Raised Floor Market, By Application (2022 & 2028)
- 8.3 Data Centre
- 8.3.1 Overview
- 8.3.2 Data Centre: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Commercial Office Space
- 8.4.1 Overview
- 8.4.2 Commercial Office Space: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 Clean Room Floor System
- 8.5.1 Overview
- 8.5.2 Clean Room Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- 8.6 Seismic Isolation Floor System
- 8.6.1 Overview
- 8.6.2 Seismic Isolation Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Raised Floor Market - Country Analysis
- 9.1 Asia Pacific Raised Floor Market
- 9.1.1 Asia Pacific Raised Floor Market, by Key Country
- 9.1.1.1 Australia: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Australia: Asia Pacific Raised Floor Market, By Type
- 9.1.1.1.2 Australia: Asia Pacific Raised Floor Market, by Application
- 9.1.1.2 China: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 China: Asia Pacific Raised Floor Market, By Type
- 9.1.1.2.2 China: Asia Pacific Raised Floor Market, by Application
- 9.1.1.3 India: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 India: Asia Pacific Raised Floor Market, By Type
- 9.1.1.3.2 India: Asia Pacific Raised Floor Market, by Application
- 9.1.1.4 Japan: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Japan: Asia Pacific Raised Floor Market, By Type
- 9.1.1.4.2 Japan: Asia Pacific Raised Floor Market, by Application
- 9.1.1.5 South Korea: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 South Korea: Asia Pacific Raised Floor Market, By Type
- 9.1.1.5.2 South Korea: Asia Pacific Raised Floor Market, by Application
- 9.1.1.6 Rest of APAC: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.6.1 Rest of APAC: Asia Pacific Raised Floor Market, By Type
- 9.1.1.6.2 Rest of APAC: Asia Pacific Raised Floor Market, by Application
- 9.1.1.1 Australia: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1 Asia Pacific Raised Floor Market, by Key Country
10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 Product Development
- 10.4 Mergers & Acquisitions
11. Company Profiles
- 11.1 Kingspan Group Plc
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Changzhou Huateng Access Floor Co Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Changzhou Huiya Decoration Materials Co Ltd
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Mero Asia Pacific Pte Ltd
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 ASP Access Floors Pty Ltd
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Huatong Xinli Flooring Co Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Jiangsu Huilian Access Floor Co Ltd
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
12. Appendix
- 12.1 About the Insight Partners
- 12.2 Word Index
List Of Tables
- Table 1. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Table 2. Australia: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 4. China: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 5. China: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 6. India: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 7. India: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 8. Japan: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 9. Japan: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 10. South Korea: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 11. South Korea: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of APAC: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of APAC: Asia Pacific Raised Floor Market, by Application - Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
List Of Figures
- Figure 1. Asia Pacific Raised Floor Market Segmentation
- Figure 2. Asia Pacific Raised Floor Market Segmentation - By Country
- Figure 3. Asia Pacific Raised Floor Market Overview
- Figure 4. Asia Pacific Raised Floor Market, by Application
- Figure 5. Asia Pacific Raised Floor Market, by Country
- Figure 6. Asia Pacific - PEST Analysis
- Figure 7. Europe Expert Opinion
- Figure 8. Asia Pacific Raised Floor Market Impact Analysis of Drivers and Restraints
- Figure 9. Asia Pacific Raised Floor Market Revenue Forecast and Analysis (US$ Million)
- Figure 10. Asia Pacific Raised Floor Market, By Type (2022 & 2028)
- Figure 11. Steel Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Calcium Sulphate Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Aluminum Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Chipboard Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Asia Pacific Raised Floor Market, By Application (2022 & 2028)
- Figure 16. Data Center: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Commercial Office Space: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Clean Room Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Seismic Isolation Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Asia Pacific: Asia Pacific Raised Floor Market, by key country - Revenue (2022) (US$ Million)
- Figure 21. Asia Pacific Raised Floor Market Revenue Share, by Key Country (2022 & 2028)
- Figure 22. Australia: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 23. China: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. India: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Japan: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. South Korea: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Rest of APAC: Asia Pacific Raised Floor Market - Revenue and Forecast to 2028 (US$ Million)
