Outdoor flooring Market Outlook - 2027
The global outdoor flooring market size was valued at $16,557.7 million in 2019, and is projected to reach $22,070.0 million by 2027, registering a CAGR of 5.6% from 2020 to 2027. The outdoor flooring constitutes products that offer flooring solutions for the exterior of buildings and infrastructure. Flooring constitutes horizontal elements for buildings and infrastructure architecture that help manage landscape attributes for visual appeal, pedestrian movement, and to provide support to other infrastructure elements.
New constructions, renovations, and retrofitting activities for buildings as well as infrastructure influence the market growth and are expected to drive the outdoor flooring market during the forecast period. Moreover, rise in adoption of outdoor entertainment areas by millennial home buyers and increase in disposable income fuel demand for outdoor flooring solutions among residential end users. However, increase in emphasis on use of green and eco-friendly materials as well as fluctuation in foreign currencies affect profit margins and are estimated to hamper the global market. Furthermore, increase in focus toward public-private partnerships (PPPs) for infrastructure development offers lucrative growth opportunities for the outdoor flooring market growth.
Moreover, rise in popularity of thermally treated wood has resulted in their significant adoption among commercial as well as residential end users. Thermally treated wooden tiles provide a combination of properties such as weather resistance, water repellency, and dimensional stability. In addition, demand for thermally treated wooden parquets for outdoor flooring of decks and swimming pool areas, especially in Europe, promotes growth of the market. For instance, according to the European Federation of the Parquet Industry (FEP), consumption of wooden parquet products improved significantly in countries such as France, Poland, Spain, and Austria during 2019. In addition, utilization of wooden flooring in outdoor spaces facilitate increased value perception among individuals, owing to their aesthetics and antique features. Thus, growth in adoption of thermally treated wood is anticipated to drive the outdoor flooring market growth during the forecast period.
By Material Type
Wood & Laminate segment is projected to grow at a significant CAGR
The novel coronavirus is rapidly spreading across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threat to the worldwide trade, economy, and finance. The impact of lockdown, owing to COVID-19 is vague and economic recovery of outdoor flooring manufacturers is completely based on its cash reserves. Market players can afford a complete lockdown only for a limited period, after which they would have to alter their investment plans. Outdoor flooring manufacturers need to emphasize on protecting their staff, operations, and supply chain partners to effectively respond toward immediate crisis and discover new ways of working after coronavirus cases begins to decline. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccines for COVID-19 is likely to be introduced by the end of 2020 or beginning of 2021. This is further expected to lead to re-initiation of outdoor flooring companies at their full-scale capacities, which would aid the market to recover by the start of 2022.
The outdoor flooring market is segmented on the basis of material type, flooring type, construction type, end user, and region. The material type segment is classified into wood & laminate (decking), ceramics (tiles), synthetic fiber and fabrics (carpets & rugs) and others. By flooring type, it is segmented into non-resilient and resilient. By construction type, it is segmented into new construction and renovation. By end user, it is segmented into residential, commercial, public infrastructure, and others. Region wise, the market is analyzed across North America, Europe Asia-Pacific, and LAMEA.
By End-user
Residential segment holds dominant position in 2019
Asia-Pacific region dominated the outdoor flooring market in 2019, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to improved economic conditions and initiatives taken by governments to provide affordable housing.
Competition Analysis
Key companies profiled in the report include 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, and Timber Holdings USA.
The product launch is the key strategy being adopted by key players to remain competitive in the market. For instance, in July 2020, Ecore International, Inc., launched a new Aurora flooring. It has features such as rubber wear layer fusion. It is available in 7 mm thickness, and 14 color options. It is best suitable for healthcare sectors and residential sectors. Similarly, in July 2020, Ecore International, Inc., launched a new line of flooring for its Rx collection flooring, namely, Crossing Rx. Crossing Rx is available in 8 neutral colors. it is available in 6-foot-wide rolls. It is suitable for spaces, courts, fitness, and common residential areas.
By Region
Asia-Pacific holds a dominant position in 2019 and LAMEA is expected to grow at a significant rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging outdoor flooring market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the outdoor flooring market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global outdoor flooring market forecast analysis from 2020 to 2027 is included in the report.
- The key players within outdoor flooring market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the outdoor flooring industry.
Global Outdoor Flooring Market Segments
By Material Type
- Wood & Laminate
- Ceramics
- Synthetic fiber & fabrics
- Others
By Flooring Type
- Non-Resilient
- Resilient
By Construction Type
- New Construction
- Renovation
By End-user
- Residential
- Commercial
- Public Infrastructure
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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
Outdoor flooring Market Report Highlights
| Aspects | Details |
 By MATERIAL TYPE |
|
 By FLOORING TYPE |
|
 By CONSTRUCTION TYPE |
|
 By END USER |
|
 By Region |
|
 Key Market Players | CITADEL FLOORS, MOHAWK INDUSTRIES, INC., ECORE INTERNATIONAL., MATS INC., TARKETT S.A., BEAULIEU INTERNATIONAL GROUP N.V., THE AZEK COMPANY LLC, FIBERON, LLC, .EBACO INDIA PVT. LTD., TIMBER HOLDINGS USA |
Analyst Review
The rise in infrastructure development projects, especially in developing countries in Southeast Asian regions is anticipated to provide numerous business opportunities for market players in residential and commercial spaces. In addition, rise in consciousness toward home remodeling and inclination toward outdoor entertainment areas are also expected to drive the market growth across developed regions such as North America and Europe.
Global economic slowdown as well as soaring inflation rates have significant impact over residential end users, influencing spending on their homes. Despite positive annual yearly growth, the market is still in recovering mode and is projected to witness steady growth rate in the coming years. Increase in disposable income as well as changes in lifestyle toward single family homes has significant impact over the market growth in the recent years. Moreover, growth in popularity of outdoor entertainment areas among high-end middle class residential end users is also anticipated to fuel the demand for outdoor flooring solutions among residential end users.
The Outdoor flooring market size was valued at $16,557.7 million in 2019.
Based on material type, the ceramic segment holds the maximum market share of the Outdoor flooring market in 2019.
The latest version of global outdoor flooring market report can be obtained on demand from the website.
The Outdoor flooring market is projected to reach $22,070.0 million by 2027.
Rise in urbanization and growth in construction industry in developing countries are the key trends in the outdoor flooring market.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The product launch is key growth strategy of outdoor flooring industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Fluctuating raw material prices are the effecting factor for outdoor flooring market.
The applications of outdoor flooring includes residential, commercial, public infrastructure, and others.
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