Entrance Matting Market To Grow Enormously with Size Worth $7.2 Billion By 2025 |Grand View Research, Inc.

 

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.

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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.

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

Growing consumer awareness about environment is expected to drive the trend of eco-friendly floor mats in the near future. This scenario is expected to increase the demand for eco-friendly floor mats made of plant-based materials such as natural rubber, organic cotton, and foam. Additionally, consumers are increasingly preferring environment friendly door mats for their infants and kids as they are free of chemical irritants and allergens.

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. Some of the common designs and patterns preferred by the consumers in entrance door mats are bold geometric patterns combined with neutral colors for layered designs. Floral prints, stripes, and bold color combinations are also some of the common preferences for residential entrance mattings.

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.