Asia Pacific Raised Floor Market Forecast to 2028

Asia Pacific Raised Floor Market Forecast to 2028 – Regional Analysis – by Type (Steel Encapsulated, Calcium Sulphate Board, Aluminum Board, and Chipboard Encapsulated), and Application (Data Centre, Commercial Office Space, Clean Room Floor System, and Seismic Isolation Floor System)

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Description

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 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.

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At 7.8% CAGR, the Asia Pacific Raised Floor Market is Speculated to be Worth US$ 762.14 million by 2028, says Business Market Insights

According to Business Market Insights research, the Asia Pacific raised floor market was valued at US$ 524.04 million in 2023 and is expected to reach US$ 762.14 million by 2028, registering a CAGR of 7.8% from 2023 to 2028. Growing data centers globally and rising construction of commercial buildings majorly office premises attributed to the Asia Pacific raised floor market expansion.

A hyperscale data center is a mission-critical facility supporting scalable and robust workloads. Since Amazon, Google, Facebook, Apple, Microsoft Corporation, and other large companies require enormous data processing and storage, they prefer hyperscale data centers. In the last few years, data centers are undergoing significant evolution and changes. Earlier, large enterprises only could afford resources, IT teams, and space needed by the data centers. However, with changing industrial dynamics, data centers are taking various forms such as collocated, cloud, edge, and hosted would propel the development of hyperscale data centers in the coming years. A rise in the number of cloud computing services such as software as a Service (SaaS) and mission-critical workload applications bolsters the requirement for complex data centers. Owing to rising mission-critical applications, the scope of hyperscale data centers will grow in the coming years. The hyperscale data centers exhibit value proposition features over enterprise/traditional data centers. Pertaining to changing applications, hyperscale data centers tend to be larger than old data centers to enable rapid deployment. Therefore, the emergence of hyperscale data centers will increase the usage of raised floors in data centers, which will offer lucrative opportunities for the Asia Pacific Raised Floor Market during the forecast period.

On the contrary, low adoption rate hampers the Asia Pacific raised floor market.

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 39.6% share of Asia Pacific raised floor market in 2023, amassing US$ 207.51 million. It is projected to garner US$ 318.23 million by 2028 to expand at 8.9% CAGR during 2023-2028.

Based on application, the Asia Pacific raised floor market is segmented into data centers, office spaces, clean room floor system, and seismic isolation floor system. The data centers segment held 46.6% share of Asia Pacific raised floor market in 2023, amassing US$ 244.25 million. It is projected to garner US$ 370.64 million by 2028 to expand at 8.7% CAGR during 2023-2028.

Based on country, the Asia Pacific raised floor market has been categorized into the China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.0% share of Asia Pacific raised floor market in 2023. It was assessed at US$ 167.90 million in 2023 and is likely to hit US$ 243.50 million by 2028, exhibiting a CAGR of 7.7% during the 2023-2028.

Key players operating in the Asia Pacific raised floor market are 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, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific raised floor market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific raised floor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Raised Floor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinions
5. Asia Pacific Raised Floor Market – Key Market Dynamics
5.1.1 Growing Number of Data Centers
5.1.2 Rising Construction of Commercial Buildings Majorly Office Premises
5.2 Market Restraints
5.2.1 Low Adoption Rate
5.3 Market Opportunities
5.3.1 Development of Hyperscale Data Centres
5.4 Future Trends
5.4.1 Emergence of Next-Gen Raised Flooring System
5.4.2 Rise in Inclination Toward Green Data Centres
5.5 Impact Analysis of Drivers and Restraints
6. Raised Floor Market – Asia Pacific Market Analysis
6.1 Asia Pacific Market Overview
6.2 Asia Pacific Raised Floor Market Revenue Forecast and Analysis
7. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 Asia Pacific Raised Floor Market, By Type (2022 & 2028)
7.3 Steel Encapsulated
7.3.1 Overview
7.3.2 Steel Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
7.4 Calcium Sulphate Board
7.4.1 Overview
7.4.2 Calcium Sulphate Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
7.5 Aluminum Board
7.5.1 Overview
7.5.2 Aluminum Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
7.6 Chipboard Encapsulated
7.6.1 Overview
7.6.2 Chipboard Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 – Application
8.1 Overview
8.2 Asia Pacific Raised Floor Market, By Application (2022 & 2028)
8.3 Data Centre
8.3.1 Overview
8.3.2 Data Centre: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial Office Space
8.4.1 Overview
8.4.2 Commercial Office Space: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8.5 Clean Room Floor System
8.5.1 Overview
8.5.2 Clean Room Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
8.6 Seismic Isolation Floor System
8.6.1 Overview
8.6.2 Seismic Isolation Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Raised Floor Market – Country Analysis
9.1 Asia Pacific Raised Floor Market
9.1.1 Asia Pacific Raised Floor Market, by Key Country
9.1.1.1 Australia: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Asia Pacific Raised Floor Market, By Type
9.1.1.1.2 Australia: Asia Pacific Raised Floor Market, by Application
9.1.1.2 China: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Asia Pacific Raised Floor Market, By Type
9.1.1.2.2 China: Asia Pacific Raised Floor Market, by Application
9.1.1.3 India: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Asia Pacific Raised Floor Market, By Type
9.1.1.3.2 India: Asia Pacific Raised Floor Market, by Application
9.1.1.4 Japan: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Asia Pacific Raised Floor Market, By Type
9.1.1.4.2 Japan: Asia Pacific Raised Floor Market, by Application
9.1.1.5 South Korea: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Asia Pacific Raised Floor Market, By Type
9.1.1.5.2 South Korea: Asia Pacific Raised Floor Market, by Application
9.1.1.6 Rest of APAC: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Asia Pacific Raised Floor Market, By Type
9.1.1.6.2 Rest of APAC: Asia Pacific Raised Floor Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions
11. Company Profiles
11.1 Kingspan Group Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Changzhou Huateng Access Floor Co Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Changzhou Huiya Decoration Materials Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Mero Asia Pacific Pte Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ASP Access Floors Pty Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Huatong Xinli Flooring Co Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Jiangsu Huilian Access Floor Co Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Asia Pacific Raised Floor Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Asia Pacific Raised Floor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Raised Floor Market Segmentation
Figure 2. Asia Pacific Raised Floor Market Segmentation – By Country
Figure 3. Asia Pacific Raised Floor Market Overview
Figure 4. Asia Pacific Raised Floor Market, by Application
Figure 5. Asia Pacific Raised Floor Market, by Country
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Europe Expert Opinion
Figure 8. Asia Pacific Raised Floor Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Raised Floor Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Asia Pacific Raised Floor Market, By Type (2022 & 2028)
Figure 11. Steel Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Calcium Sulphate Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Aluminum Board: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Chipboard Encapsulated: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific Raised Floor Market, By Application (2022 & 2028)
Figure 16. Data Center: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Commercial Office Space: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Clean Room Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Seismic Isolation Floor System: Asia Pacific Raised Floor Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific: Asia Pacific Raised Floor Market, by key country – Revenue (2022) (US$ Million)
Figure 21. Asia Pacific Raised Floor Market Revenue Share, by Key Country (2022 & 2028)
Figure 22. Australia: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of APAC: Asia Pacific Raised Floor Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies – Asia Pacific Raised Floor Market

o Changzhou Huateng Access Floor Co Ltd
o Changzhou Huiya Decoration Materials Co Ltd
o Mero Asia Pacific Pte Ltd
o ASP Access Floors Pty Ltd
o Huatong Xinli Flooring Co Ltd
o Jiangsu Huilian Access Floor Co Ltd
o Kingspan Group Plc

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