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.
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a free sample copy or view report summary: Entrance Matting Market Report
Entrance
Matting Market Report Highlights
- 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.
About Us:
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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