The rapid expansion of public buildings, retail centers, office buildings, and other commercial areas is driving the demand for entrance mats.
The global entrance matting marketwas valued at US$ 5.1 billion in 2019. COVID-19 sanitation issues spurred the demand for entrance mating during the years 2020 and 2021. The average growth rate for the market during the period between 2019 and 2023 was 7.5%. By 2023 end, the net valuation of the market was US$ 6.8 billion.
The global entrance matting market in 2024 is estimated to be around US$ 7.3 billion. The global market is likely to register a CAGR of 5.8% from 2024 to 2034. The total value of the global entrance matting industry by 2034 is forecasted to be US$ 12.8 billion.
Enhanced safety measures in public places and residents are the key factor driving the need for outdoor entrance mats. Greater emphasis on cleaning at public buildings, retail centers, and office buildings, among other commercial areas is driving up the demand for high-traffic entrance mats. Growing demand for innovative entrance matting from the hospitality industry is expected to fuel the advancement of the whole industry.
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Key Takeaways from the Entrance Matting Market Study Report
“Use of sustainability & eco-friendly materials in the making of entrance mats has completely transformed the business outlook in the last few years. Customization for branding is expected to create new opportunities for the new players entering the market,” – says Analyst at Future Market Insights (FMI).
Competitive Landscape for the Entrance Matting Market Participants
Leading market players prioritize excellent materials, resistance, and durability to retain their market dominance. Smart matting technology by integration of IoT and sensors has created new opportunities for established market players. Meanwhile, new market participants can reach a wider market by creating all-season and weather-resistant entry matting options.
Recent Developments by the Entrance Matting Industry Players
In April 2022, INTRAsystems launched INTRAlux Ultimate with improved moisture absorption quality. The quick-acting fiber is 100% PVC-free and available in a wide range of color choices.
In August 2022, 3M introduced the Carpet Matting 5000 under its brand NomadTM. The dual-fiber matting with Flexion backing shields dirt and dampness to reach the floor. Designer colors paired with a heather weave match practically any décor.
Key Players Profiled in the Entrance Matting Market Report
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Key Market Segments Covered by Entrance Matting Industry
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 11, 2024