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.
Full Research Report On Entrance Matting Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/entrance-matting-market
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.
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Entrance Matting
Market Segmentation
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
- U.S.
- Europe
- France
- Germany
- Asia Pacific
- China
- India
- 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.
For more info visit @ https://www.grandviewresearch.com
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