At 7.8% CAGR, the Asia Pacific Raised Floor Market is Projected 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.   

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