Worldwide Entrance Matting Market Size is projected to expand at 5.1% CAGR over the analysis timeframe from 2021 to 2027, taking the industry valuation of USD 5.63 billion in 2020 to USD 7.97 billion by the year 2027.
The entrance matting market has seen rapid increase in demand due to varied reasons: Increased awareness towards manufacturing eco-friendly mattress for environmental protection and increased demand from the commercial, residential and medical sectors are factors contributing to the market growth.
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For instance: according to Statista, the market of Asia-Pacific in the residential sector has seen a rapid increase from the previous years. The sales of residential houses in Mumbai, India were approximately 50,000 whereas the sales in Bengaluru, India were 19930 in the year 2020. The same is expected to grow at a constant rate in the long run. With growing number of residential houses, demand for entrance matting market is expected to increase in coming years. However, increased competition from the existing and new key players of the market and reduction in sales of entrance matting due to COVID-19 pandemic impedes the growth of the market over the forecast period of 2021-2027. Also, increasing innovations in the entrance mats and rapid urbanization is likely to increase the growth of the market in the forecasting period.
Major market player included in this report are:
- Bergo Flooring AB
- 3M Company
- Advance Flooring Systems
- Axis House Ltd
- Birrus Matting Systems
- Forbo Holding AG
- Milliken & Company
- Superior Manufacturing Group
- Cintas Corporation
- Eagle Mat & Floor Products
The regional analysis of global Entrance Matting market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation, North America is a significant region in terms of largest market share across the world owing to the prominent culture of using doormats in the region Whereas, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increased residential and commercial construction activities would create lucrative growth prospects for the Entrance Matting market across European region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By End User:
Global Entrance Matting Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Entrance Matting market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Entrance Matting in 2020?
- What shall be the Entrance Matting Market size by 2027?
- Which region shall account for the largest market share of the Entrance Matting Industry?
- What are the market threats and opportunities considered by the vendors in the Entrance Matting Market?
Questions? Get them answered via https://www.marketstudyreport.com/enquiry-before-buying/4164224/?utm_source=Marketwatch.com/&utm_medium=SP before taking a buying decision on Entrance Matting Market Report
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