Asia Pacific Raised Floor Market

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 Strategic Insights

Strategic insights for the Asia Pacific Raised Floor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Raised Floor Report Scope

Asia Pacific Raised Floor Regional Insights

The geographic scope of the Asia Pacific Raised Floor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.