The global entrance matting market size is expected to reach USD 7.2 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
5.1% over the forecast period. Growing popularity of new and innovative
flooring solutions such as marble, wooden, laminate, and parquet flooring has
boosted the utilization of the floor mats to protect them from scratches and
damages, thereby fueling the market growth. Moreover, continuous expansion of
the commercial sector such as hospitality, hospitals, fitness centers,
institutions, and shopping malls is expected to ramp up the market penetration
in the next few years.
Home furnishing is a trending activity
among the consumers, wherein door entrance mats are gaining significant
traction. Consumers are preferring layered mattings for better functionality
and pleasing appeal. Growing popularity of walk-off entrance mats in the
residential and commercial sectors has been driving the global market in the
recent years.
The residential end user segment accounted
for the largest share of more than 55.0% in 2018. Increasing disposable income,
coupled with various government policies related to real estate, has resulted
in an increase in the rate of home ownership, which, in turn, supports the
growth of the global entrance matting market. With improving lifestyles,
entrance door mattings have turned out to be one of the essential elements of
home décor among the consumers. Wiper and scraper door mats are the most
preferred type in the residential sector due to presence of prongs or other
teeth-like structures that remove debris from the shoes.
The commercial/non-residential segment is
expected to witness significant growth owing to increasing hospitality,
hospital, corporate, recreational venues, and institutional projects. By the
end of the first quarter of 2016, about 4,471 hospitality projects were under
construction in U.S. According to the latest United States Construction
Pipeline Trends Report, Lodging Econometrics estimated that hotel development
by upscale chains represented about 1,384 projects of the total domestically.
These ongoing construction projects are expected to drive the application of
entrance mattings, thereby contributing to the growth of the global market.
Asia Pacific is expected to witness
significant growth during the forecast period owing to increasing number of
commercial constructions in countries such as India, China, and Indonesia. Asia
Pacific hotel pipeline is expected to witness about 2,204 projects by 2023,
which is one of the key factors driving the market demand.
Some of the major players operating in the
global market are 3M Company, Advance Flooring Systems, Axis House Ltd., Birrus
Matting Systems, Forbo Holding AG, Millikan & Company, Superior
Manufacturing Group, Cintas Corporation, Eagle Mat & Floor Products, and
Bergo Flooring AB. The companies operating in this industry focus mainly on
expanding the product offerings and increasing their sales strategies to gain
and maintain their share in the global market.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/entrance-matting-market
https://www.grandviewresearch.com/industry-analysis/entrance-matting-market
Further key findings from the report suggest:
· The global market is expected to expand at
a CAGR of 5.1% from 2019 to 2025, thereby reaching a value of USD 7.2 billion
by 2025
· North America held the largest share of
30.8% in 2018. The market is majorly driven by high demand in U.S.
· By end user, the commercial/non-residential
segment is expected to at a CAGR of 5.4% from 2019 to 2025 due to increasing
hospitality, hospital, corporate, recreational venues, and institutional
projects.
Grand View Research has segmented the
global entrance matting market on the basis of end user and region:
Entrance Matting End User Outlook
(Revenue, USD Million, 2015 - 2025)
·
Residential
·
Non-residential/Commercial
Entrance Matting Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.