COVID-19 Impact on Outdoor Flooring Market SWOT Analysis by Future Insights | 2018-2025
The global outdoor flooring market size was valued at $7,759.9 million in 2017, and is expected to reach $12,072.1 million by 2025, registering a CAGR of 5.77% from 2018 to 2025. Europe dominated the global outdoor flooring market, accounting for around one-third share of the total revenue.
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The recent availability of thermally treated wooden materials has significantly improved the materials durability and strength, which augments the attributes of an eco-friendly material. As a result, the surge in popularity of thermally treated wood is expected to drive the market growth of the decking segment.
The outdoor flooring installed in patios, porches, backyards, pavements, and others enhances the visual appeal of the residential building. It improves the perception of home among individuals, thereby creating value for residential end-users.
Key findings of the study
• In terms of value, the ceramics segment generated the maximum revenue in 2017 and is expected to grow at a CAGR of 5.65% during the forecast period.
• The decking outdoor flooring is likely to grow at a CAGR of 6.56% by 2025.
• Public infrastructure is expected to dominate the outdoor flooring market, registering the CAGR of 5.16% in terms of value.
• Asia-Pacific is projected to show exponential growth in demand throughout 2025, growing at a CAGR 6.80% of in terms of value.
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Key players 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 among others.
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