Anti-Skid Mats Market: Current Analysis and Forecast (2021-2027)

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The Global Anti-skid Mats is Expected to Display an Elevated CAGR over the forecast period (2021-2027)

A growing trend of interior design owing to the surging disposable income due to the rising number of working couples, emerging nuclear families, etc. is leading to the growing demand for the anti-skid mats market. Moreover, the rising aging population, pregnant women, and people with mobility issues coupled with the emerging cases of injuries due to falls and slip on the floor are leading to the growth of the market. Anti-skid mats are non-slippery mats that help prevent trips, slips, and falls. Anti-skid mats are specifically used on floors having liquid spills.

Promulgating disposable income across countries is one of the prominent factors which is leading to the surging investment/ spending on the home interiors, including anti-skid mats. The key factors attributed to the growth of disposable income include the proliferating number of working women and the rising real wages. People in India spend the most on Interior design, shelling out 102.24% of an average monthly paycheck each year. In North America, Canadians are the most eager to spend on decorating at US$ 775.18 per person annually, but the U.S. is right behind them at US$744.44. In Mexico, that figure drops to US$ 176.54. South America also displays a significant amount of disparity between nations, with Argentina spending US$580.92 at the highest and Bolivia spending US$ 64.13 at the lowest

Household disposable income Net, Annual growth rate (%), By Selected Countries, 2017 – 2019

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American Floor Mats, Birrus Matting Systems, Cintas Corporation, Crown Mattin Technologies, Eagle Mat and Floor Products, Forbo International, Kleen-Tex Industries, Milliken & Company, Promo Matting, The 3M Company, etc, are some of the prominent players operating in the Anti-skid Mats market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst type, PVC segment holds the major share”

Based on the type, the market is fragmented into PVC, Polypropylene Fiber, and Others. The PVC  segment grabbed the major market share and dominated the market in 2020. The properties of PVC such as lightweight, sturdy and abrasion-resistant material, excellent material for insulation due to its high dielectric strength and vapor barrier capacity, more flexibility, and softer by adding plasticizers, intrinsic flame retardant are leading to the greater demand. Furthermore, the launch of UV-resistant PVC matt is also gaining end-users traction. PVC matting is also UV resistant which makes it suitable for both interior and exterior use. This product is ideal for use in bar and kitchen applications as well as construction lines and swimming pool walkways.

“Amongst application, residential segment to grab considerable market share”

Based on the application, the market is fragmented into Residential, Commercial, and Industrial. The residential sector grabbed XX% market share in 2020. The segment captured USD XX Mn revenue in 2020. A rise in the residentials coupled with the escalating spending on the interior is leading to the growing demand for the antiskid mats from this segment. However, the commercial segment would witness a CAGR of XX% during the forthcoming years.

“Amongst distribution channel, hypermarkets/supermarkets segment to grab considerable market share in forthcoming years”

Based on the distribution channel, the market is fragmented into Online, Hypermarket/ Supermarket, Specialty Stores, and Others. The hypermarkets/ supermarkets segment grabbed  XX% market share and captured USD XX Mn market.  A rising number of hypermarket/ supermarket markets across countries is leasing to the growing share of this segment. However, the online segment would witness the highest CAGR during the forthcoming years

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“Asia Pacific represents one of the largest markets of Anti-skid Mats market”

For a better understanding of the market adoption of the Anti-skid Mats Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific region constitutes a major market for the Anti-skid Mats Market industry and generated revenue of USD XX Million in 2020 owing to the emerging high demand for Anti-skid Mats from the hospitality sector.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Anti-skid Mats Market were the three major steps undertaken to create and analyze the demand for Anti-skid Mats across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Anti-skid Mats market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Anti-skid Mats through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Anti-skid Mats market, we conducted a detailed secondary analysis to gather historical market insights and share for type, application ad distribution channels for major regions. Major segments included in the report are type and application. Further region and country-level analyses were conducted to evaluate the overall adoption of Anti-skid Mats across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Anti-skid Mats. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, growth in the construction sector, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Anti-skid Mats industry across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Anti-skid Mats market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Anti-skid Mats across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Anti-skid Mats market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Anti-skid Mats market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of type, application, and distribution channel of the Anti-skid Mats market.

Main Objective of the Anti-skid Mats Market Study

The current & future market trends of Anti-skid Mats were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Anti-skid Mats in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, application, and distribution channel
• Define and analysis of the regulatory framework for the Anti-skid Mats industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Anti-skid Mats market for the major countries
• The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
• Company profiles of the Anti-skid Mats market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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