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Entrance matting market set to be worth $6,722.3 million by 2020
It has long been known that around 80% of dirt in a building will have been tracked in by the building's users and with Winter fast approaching, premises that don't have entrance matting will be at the mercy of tracked in rainwater and possibly slush, snow and de-icing materials which will damage the floor and carpets.
With a new report showing that the entrance matting market is showing healthy growth (it is set to be worth $6,722.3 million by 2020, increasing at a Compound Annual Growth Rate of 4.8% from 2015 to 2020), more companies are clearly recognising the benefits of installing this 'first line of defence' against dirt and water ingress.
The report: 'Entrance matting market by type (walk-off, anti-fatigue, logo and specialty), by material (nylon, coir, rubber, vinyl, and others), by utility (indoor and outdoor), by application (residential and non-residential) - global forecast to 2020, from marketsandmarkets.com estimates the market size of the global entrance matting market in terms of value ($million) and volume (million square feet). In this report, the market is broadly segmented based on type, material, utility, application and region. Market drivers, restraints, challenges, material, pricing analysis, and regulations are discussed in detail.
The report acknowledges that entrance matting is becoming popular in the hospitality industry and at workplaces due to advantages such as the growing concern for safety and stringent regulations, saying:
"The market for entrance matting is influenced by the increasing importance of safety at workplaces and the growing flooring and hospitality industry. The demand from industries such as hotels, gyms, swimming pools, and sport complexes are projected to drive the market.
"Regulations have been introduced to prevent the growing number of accidents at workplaces. The prevailing environmental regulations in the flooring industry focus on the usage of the entrance matting to avoid mishaps. It has additional benefit such as anti-fatigue matting which reduces the health issues caused by the strain on feet due to standing for long hours. These factors also contribute to the growth of the market."
The report reveals that the major restraining factor for the growth of this market is the regular maintenance that mats require. It also reveals that the recycling of raw material, forward integration and emergence of new product developments are the key opportunities for the market.
"Major players in the market are developing new techniques to achieve sustainability," it says. "One of the major developments observed in the market is new product development. The requirements for entrance matting are continuously changing, making it essential for manufacturers to invest continually in R&D and come up with innovative solutions."
In 2014, the North American region accounted for the highest share of the total market value, followed by Europe and Asia-pacific. The entrance matting market is well established in developed countries. The market in developing economies such as China, Indonesia, and India are estimated to grow at a higher rate from 2015 to 2020.
Walk-off entrance matting is projected to be the fastest-growing entrance matting type segment from 2015 to 2020. Coir is projected to be the fastest-growing element segment during the same period.
Some of the key entrance matting manufacturers mentioned in the report are 3M (US), Cintas Corporation (US), Forbo Holdings (Switzerland), Unifirst Corporation (US), Bergo Flooring (Sweden), Eagle Mat & Floor Products (US), Birrus Matting Systems (Australia) and Superior Manufacturing Group (US) amongst others.
This research study categorises the global entrance matting market based on type, material, utility, application, and region, providing five year market forecasts with important statistical and analytical information. It provides a list of regulations relevant to entrance matting at the regional level as well as a pricing analysis relevant to entrance matting at the global level.
The report illustrates the industry structure, driving parameters, major players, industry dynamics, and international developments relevant to the entrance matting market, providing detailing of each segment, on the country basis for a holistic view. It includes 154 market data tables and 53 figures spread through 222 pages.
Early buyers mentioning Cleanzine will receive 10% discount on this report.
29th October 2015