Global Anti-skid Mats Market is Expected to Foresee Significant Growth During the Forecast Period. Asia-Pacific to Witness the Highest Growth
- Vikas Kumar
- March 3, 2022
- CONSUMER GOODS, NEWS
- Anti-skid Mats Market, Anti-skid Mats Market Growth, Anti-skid Mats Market News, Anti-skid Mats Market Report, Anti-skid Mats Market Share, Anti-skid Mats Market Size, Anti-skid Mats Market Trend
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The global Anti-skid Mats market is expected to grow significantly by 2027 expanding at a reasonable during the forecast period (2021-2027).
A surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of anti-skid mats, globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China is projected to allow consumers to spend more on home décor including anti-skid mats. As per OCED, the household spending in Canada, China, Denmark, European Union, France and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively. Also, the rising purchasing power is leading to the growing investment in the properties such as houses, villas, and other kinds of residentials, which is contributing to the growing demand for anti-skid mats.
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Rapid urbanization and industrialization across the globe are leading to the growing market for antiskid mats. As per Global Construction Perspectives and Oxford Economics, the Global construction market is to grow US$8 trillion by 2030. As per United Nations, By 2018, the number of cities with at least 1 million inhabitants had grown to 548 and in 2030, a projected 706 cities will have at least 1 million residents. The promulgating luxury spending is also acting as a growth catalyst to the industry. As per American Express Luxury Spend Analysis 2018., the growth in luxury spending is now moving beyond the three metros (Delhi, Mumbai, and Bangalore). Kolkata, Chennai, Pune, and Hyderabad have emerged as new centers of luxury consumption. The growth in luxury spending in India is 30 times more in tier 2 cities as compared to tier 1 cities.
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Moreover, a rise in the number of international tourists also leads to the growing demand for ant skid mats from the hospitality sector. As per the World Bank, the number of international tourists reached 2.28 billion in 2019, up from 1.96 billion in 2015. The number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum. Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to 17 million in 2018. These rooms were in more than 184,000 hotels, a rise of 8.4% from 2008 levels.
Based on the type, the market is fragmented into PVC, Polypropylene Fiber, and Others (Thermoplastic Rubber, etc.). The PVC segment grabbed XX% market share in 2020 and dominated the market. Moreover, the market of this segment would reach USD XX Mn by 2027. With the growing demand for highly durable, sturdy, and yet economically affordable materials, the demand for PVC is uplifting. PVC is the third most used material in the world. It is extensively used in the construction field for its wide range of applications.
Based on the application, the market is fragmented into Residential, Commercial, and Industrial. The residential segment grabbed XX% Market share in 2020. The market of this segment would reach USD XX Mn BY 2027. Promulgating household disposable income is leading to the growth of anti-skid mats. As per OCED, the household disposable income in Canada, France, Germany, Greece has increased from 47522, 31891, 35492, 19521 in 2015 to 54 854, 36802, 42173, 22431 in 2019 respectively.
During the COVID-19 pandemic, the homes furnishing industry witnessed a considerable rise. Millions of consumers were renovating their current homes during the COVID-19 pandemic. So, the retail home furnishings category has seen tremendous growth in both site traffic and spending. As per a ComScore MMX Multi-Platform, sites in the retail home furnishings category have also seen record high visitation numbers in 2020, with a peak of 133 million U.S. unique visitors in May 2020. Moreover, during Feb-May 2020, there was an increase of around 26% in retail home furnishing visitation.
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Additionally, the report provides detailed initiatives that are being taken in the field of Anti-skid Mats. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. Asia-Pacific region grabbed XX% market and captured USD XX Mn market share in 2020. A rise in the industrial sector coupled with the emerging demand from the residentials is leading to the growth of the market. However, the Europe region would witness a considerable CAGR during the forthcoming years.
Global Anti-skid Mats Market Segmentation
Market Insight, by Type
- Polypropylene Fiber
- Others (Thermoplastic Rubber, etc.)
Market Insight, by Application
Market Insight, by Distribution Channel
- Hypermarket/ Supermarket
- Specialty Stores
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- American Floor Mats
- Birrus Matting Systems
- Cintas Corporation
- Crown Matting Technologies
- Eagle Mat and Floor Products
- Forbo International
- Kleen-Tex Industries
- Milliken & Company
- Promo Matting
- The 3M Company