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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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.
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