NEW YORK, US, March 08, 2023 (GLOBE NEWSWIRE) — Outdoor Flooring Market Overview:

MRFR analysis reports Outdoor floor market Research Report by Material, End Use, Region and Type- Forecast to 2030, the global market for outdoor flooring is estimated to exhibit considerable development over the assessment timeframe of 2022 to 2030. Reports expect the market to attain a value of around USD 2621.1 million by the end of 2030. According to research reports, the market will be valued at around USD 1966.4 million in 2021.

Outdoor Flooring Market Scope:

Outdoor flooring enhances the beauty of buildings and increases pedestrian movement. The global market for outdoor flooring is growing rapidly these days. The main parameter supporting the development of the market is the increasing use of these floorings for the growth of external buildings and infrastructure. Moreover, the increasing number of new construction and remodeling activities are expected to have a positive impact on the expansion of the outdoor flooring market during the review period.

Competitive analysis

Key participants across the global market for outdoor flooring include players such as:

• Armstrong Floorings Inc
• Fiberon
• Beaulieu International Group NV
• Mats Inc
• Citadel floors
• Mohawk Industries
• Acor International
• Among others.

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Market covered USP

Market drivers

The global market for outdoor flooring is growing rapidly these days. The main parameter supporting the development of the market is the increasing use of these floorings for the growth of external buildings and infrastructure. Moreover, the increasing number of new construction and remodeling activities are expected to have a positive impact on the expansion of the outdoor flooring market during the review period. People around the world are becoming more and more aware of the beauty of buildings from the outside, leading to an increase in demand for these floorings across the globe. Additionally, the benefits offered by these pavements, growth in the construction sector, infrastructure improvement, emergence of public spaces in metro cities and drastic changes and improvements in construction are also expected to have a positive impact. Market performance in coming years.

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Market restrictions

However, several factors may constrain the development of market performance. The sector has several safety concerns associated with it, which is considered as the primary challenge to market growth. Moreover, rapid fluctuation in raw material prices causing volatility in product prices is predicted to restrict the market growth during the review period. In addition, non-availability of labor with required skills is another major challenge faced by the decorative tiles market worldwide. The market has witnessed a sudden rise in demand for these tiles in recent years, which has put huge pressure on manufacturing companies to increase production. Moreover, the market has witnessed a significant setback due to the advent of pandemic in 2019 due to labor shortage, shortage of raw materials and lack of financial support.

Impact of COVID-19

Global industrial activities and business operations have suffered a major setback given the rise of the global health crisis in the form of COVID-19. In addition to all industry operations, the pandemic also affected public health in about 225 countries around the world. All these situations led to the imposition of full or partial lockdowns in most areas across the world. Subsequently, industry operations were halted and some businesses were closed. Due to the sudden drop in demand for construction activities during the pandemic, along with the shutdown of most industrial operations, the outdoor flooring market faced several unexpected challenges during the pandemic. On the other hand, with rapid vaccination rates and all global industrial operations returning to normal, the market is expected to experience considerable development over the forecast timeframe.

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Segment analysis

Among all the products, the resilient flooring segment is sure to occupy the top position in the global market for outdoor flooring during the assessment period.

Across all application areas, the residential segment is expected to lead the market globally.

Regional analysis

The MRFR research document suggests that the North American region will ensure to hold the top position in the global market for outdoor flooring during the assessment period. The main parameter supporting the development of the regional market is the rapidly growing construction sector across the region. Furthermore, countries such as Mexico, the US, and Canada are experiencing a sudden rise in demand for residential units and single houses given the increase in population, which is likely to fuel the growth of the regional market. .

The Asia-Pacific regional market for outdoor flooring is expected to exhibit the highest growth rate in the coming years, mainly given factors such as population growth and increasing disposable income.

Given the increasing renovation activities, the European regional market for outdoor flooring is predicted to grow substantially in the coming years.

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