Entrance Matting Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Entrance Matting Market Size Worth $7.2 Billion By 2025 | CAGR: 5.1%�
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 dĂŠcor 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
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ongoing construction projects are expected to drive the application of entrance mattings, thereby contributing to the growth of the global market.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/entrance-mattingmarket 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. 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.
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 o
U.S.
Europe o
France
o
Germany
Asia Pacific o
China
o
India
Central & South America
Middle East & Africa (MEA)
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope
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1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Entrance Matting Market Variables, Trends & Scope 3.1. Market Introduction 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Sales/Retail Channel Analysis 3.3.2. Profit Margin Analysis 3.4. Market Dynamics 3.4.1. Market Driver Analysis 3.4.2. Market Restraint Analysis 3.4.3. Industry Challenges 3.4.4. Industry Opportunities 3.5. Business Environment Analysis 3.5.1. Industry Analysis - Porter’s 3.5.1.1. Supplier Power 3.5.1.2. Buyer Power 3.5.1.3. Substitution Threat 3.5.1.4. Threat from New Entrant Continue…………..
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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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