Press release
Outdoor flooring Market size is projected to reach $22,070.0 million by 2027, registering a CAGR of 5.6% from 2020 to 2027
According to a new report published by Report Ocean, titled, “Outdoor flooring Market by Material Type, Flooring Type, Construction Type, and End User, Opportunity Analysis and Industry Forecast, 2020–2027,” 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.GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1226
Outdoor flooring plays a vital role in improving visual appeal of commercial buildings and infrastructure through innovative landscaping and flooring solutions. Rise in awareness toward outdoor entertainment areas, especially among millennials is anticipated to drive the outdoor flooring market growth in the coming years. Further, rise in adoption of thermally treated woods has gained traction in recent years, owing to its enhanced durability, longer product life, and environment friendly material
New construction activities, especially in fast emerging economies such as South Asia and Africa majorly drive growth of the market. In addition, number of outdoor remodeling activities has gained traction, owing to rise in awareness of outdoor entertainment areas among residential end users in developed economies. Moreover, increase in number of second home buyers and preference of millennials toward outdoor areas are also anticipated to drive the outdoor flooring market growth during the forecast period. However, fluctuations in foreign currency exchange continue to influence profit margins of market players and are projected to hinder growth of the outdoor flooring market in the coming years.
The significant number of new construction activities in countries such as India, China, Russia, and the Middle East majorly drive the tile segment.
On the basis of flooring type, the resilient segment is expected to witness a growth rate of 6.2% from 2020 to 2027 and reach $1,673.2 million in 2027.
Rapid urbanization and fast-growing economies predominantly drive new construction activities and subsequently fuel the demand for outdoor flooring across different end users. As a result, developing countries in Asia and Africa are anticipated to provide numerous business opportunities for market players resulting into attractive CAGRs respectively. Whereas, growth in consciousness toward outdoor entertainment areas among millennial home buyers in developed economies is expected to fuel the demand for outdoor flooring solutions such regions. In addition, retrofitting and renovation activities of public infrastructure, buildings, and airports are also projected to create steady demand for outdoor flooring solutions.
Region wise, the outdoor flooring market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor in 2019, and LAMEA is expected to exhibit the highest CAGR from 2020 to 2027. This is attributed to the fact that emerging economies in the region are witnessing increase in infrastructural development and increase in construction projects. Moreover, rapid economic recovery significantly drives the outdoor flooring market growth in this region.
The outbreak of COVID-19 has a negative impact on the manufacturing and production of outdoor flooring in the first quarter of 2020, and is likely to hamper the market growth throughout the year. This has further affected the demand for outdoor flooring from developing countries, including India, Brazil, Vietnam, and Indonesia, thereby halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the outdoor flooring around the globe.
The key players profiled in the outdoor flooring market 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.
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging outdoor flooring market trends and dynamics.
Depending on material, the ceramics segment dominated the market, in terms of revenue in 2019 and wood & laminate is projected to grow at a significant CAGR during the forecast period.
By end user, the residential segment registered highest revenue in 2019.
LAMEA region is projected to register the highest growth rate in the coming years.
The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the outdoor flooring industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth outdoor flooring market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1226
Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Outdoor flooring Market size is projected to reach $22,070.0 million by 2027, registering a CAGR of 5.6% from 2020 to 2027 here
News-ID: 2248519 • Views: …
More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…

Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…

Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…

Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…