Market Overview
In its research report, Market Research Future (MRFR), reflects that over the review period , the global market 2020 is expected to grow exponentially, ensuring substantial market valuation and a healthy CAGR over the review period.
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Drivers and Restraints
The matting market for entry is expected to experience impressive growth across the globe for coming years. This is due to the growing flooring market coupled with increased focus on interior and exterior decoration to attract clients. Aspects such as rapid urbanization and industrialization have increased the demand for renovation and remodeling activities , which in turn contributes to the remarkable growth of the global market for matting entrances. Increased consumption of matting products in residential as well as commercial areas, such as walk-off matts, anti-fatigue, and logo & specialty matts, the booming construction industry and supportive government regulations & initiatives have further expected to improve sales prospects.
Segmental Analysis
The global entrance matting industry was segmented by type, material, application, and usage. The section of the form is known as anti-fatigue, walk-off matts, logo and speciality. The segment of the material is broken down into nylon, rubber, polypropylene, vinyl, and others. The Residential and Commercial application segment. Indoor and outdoor use divisions are bifurcated.
Based on type, the market has been bifurcated into anti-fatigue, walk-off matts, logo and speciality. Due to the increase in commercial flooring products for hospitality, retail, sports, workplaces, healthcare and many others, the walk-off matts segment is expected to show maximum growth rate.
The segment is further classified according to material into nylon, rubber, polypropylene, vinyl and others. Nylon segment represented the largest market share in 2017, which will continue to dominate by 2023. Nylon matts give superior moisture absorption characteristics which reduce the risk of breaking down on a wet floor.
The segment is classified according to application into residential and commercial. In 2017, the residential segment holds the largest market share, which will continue to hold its position until 2025. This is attributed to the increased demand in residential places for matting products such as anti-fatigue and logo & speciality.
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Regional Assessment
The global market geographic overview was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world.
North America is considered to have accounted for the largest market share for entry matting in 2017. This is attributed to the increase in the adoption of walk-off matts coupled with the increase in event shows in the United States, has further enhanced the growth of the region's entry matting market. Furthermore, Europe is second in the matting market for entry, but is expected to be the mature market.
The Asia-Pacific region is projected to show maximum growth rate over the forecast period as a result of the growth in the hospitality industry in developing economies such as India, China and Indonesia, which, in turn, is gaining popularity in the coming years due to the demand for entrance matting. Rapid growth economies coupled with growing contruction industry in Asia-Pacific region contribute almost 50% to overall global growth and are expected to grow to more than a billion consumers who belongs to middle class category in the next 10 years.
Competitive Analysis
The major market players operating in the global market as identified by MRFR are Forbo Holdings AG, 3M, Cintas Corporation, Unifirst Corporation, Bergo Flooring AB, Birrus Matting, and others. With many players, the global entrance matting market is highly competitive, and players across the globe have adopted numerous strategies to expand their global presence and increase their market share. Some of the players' key strategies include expansions & investments, acquisitions, new product developments, and deals.
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