Demand for outdoor flooring is on the rise across the globe

The demand for outdoor flooring is on the rise across the globe. The outdoor entertainment area such as patio, porches, and backyards have gained significant popularity in the past few years, owing to its semi-natural ambience and functional utility for small gatherings. As a result, millennials are increasingly opting for dedicated outdoor entertainment areas in their residences. It subsequently drives the demand for outdoor flooring among residential buildings such as row houses, bungalows, townhouses, condos, with attractive outdoor flooring solutions. In addition, the growth in number of DIY (do-it-yourself) solutions have also fueled the number of home renovations and retrofitting flooring projects among individuals. Thus, driving the market growth of the outdoor flooring market during the forecast period.

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Based on type, the global outdoor flooring industry is categorized into tile, decking, and others. Wood flooring is projected to remain dominant throughout the analysis period. Tiles owing to their low cost of production, durability, flexible design, and easy installation has resulted in their significant market share. Further, the large scope for application of tiles for outdoor flooring in commercial spaces such as offices buildings, malls, airports, educational buildings, large public spaces, and others. Thus, the substantial market share of tiles as well as huge market penetration across commercial end-users is anticipated to boost the growth of the market during the forecast period.

The Global Outdoor Flooring Market size is expected to reach $12,072.1 million by 2025, from $7,759.9 million in 2017, growing at a CAGR of 5.77% during the forecast period (2018‐2025). The outdoor flooring constitutes products that offer flooring solutions for the exterior of buildings and infrastructure.

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The report provides an extensive analysis of the current as well as emerging trends and dynamics in the global outdoor flooring market.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies.
Key market players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the outdoor flooring market.

Competitive analysis and profiles of the major players, such as AZEK Company, Beaulieu International Group, Citadel Floors, ECORE International, Inc., Fiberon, Mats Inc., Mohawk Industries, Tandus Group, Inc., Tarkett SA, Timber Holdings USA are provided in the global outdoor flooring industry. Product launch, acquisition, and collaboration are the different key strategies adopted by the major players to establish themselves in the market.

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