Sports Flooring Market Size, Growth Factors, Top Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2029
The sports flooring market size is anticipated to witness soaring growth owing to the increasing demand of sports hobbyists. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Sports Flooring Market, 2022-2029”.
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Segmentation -
On the basis of product type, the market is bifurcated into indoor and outdoor. On the basis of material, the market is fragmented into polymer, rubber, wood, and others. On the basis of end-user, the market is segmented into commercial and residential. Geographically, the market is classified into Europe, Asia Pacific, Latin America, North America, and the Middle East, and Africa.
Report Coverage –
The report delivers complete analysis of the sports flooring market growth. It covers the latest technological developments of the industry, COVID-19 impact on the market inclusive of the opportunities, drivers, and restraining factors. Furthermore,the report consists first-hand data, quantitative and qualitative analysis by industry analysts, and contributions from industry experts and participants from all parts of the value chain. The research goes into great detail about parental market trends, macroeconomic data, and key drivers, as well as market appeal by segment. The qualitative impact of major market parameters on the global market segments and regions is also mentioned in the report.
Drivers & Restraints –
Rising Demand for Outdoor and Indoor Sports to Drive Market Growth
Sports flooring will be in high demand as the need for gyms and sports areas grows. Product demand is being fueled by rising interest in outdoor and indoor sports, growth in the number of health-conscious people, the introduction of new sports flooring with innovative materials, and an increase in the number of sports hobbyists. Furthermore, the demand for the gym has risen as a result of increased research and development activities as well as increased infrastructure construction. As a result, these factors will increase the sports flooring market growth throughout the projection period.
Raw material price variations, on the other hand, have an impact on the total demand for sports flooring, which limits product demand and is expected to stifle market expansion.
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Regional Insights –
Asia Pacific is Expected to Grow at a Steady Pace Owing to Increased Product Demand
The sports flooring market in Asia Pacific is expected to grow at a steady pace;the construction industry's increased product demand is credited with the increase. In Europe, the growing use of polyurethane-based flooring in residential buildings will drive market expansion. North America's product demand will be boosted by rapid infrastructure development and rising urbanization. Due to rising product demand in commercial buildings, the Middle East and Africa are expected to see significant growth.
Competitive Landscape-
Market Players to Work on Expanding their Production Facilities
Manufacturers such as Shaw Industries, Tarkett Group, Interface, Inc., and others are working on expanding their production facilities to suit the demand for sports flooring in both established and emerging countries. Working on product expansion facilities will eventually result in increasing their brand name and presence globally.
Industry Developments
February 2020: 'Impact Sports' is a term used to describe sports that have a significant social impact. Impact Sports flooring is a vinyl/rubberized indoor sports flooring designed specifically for Square Foot by Tarkett, a global pioneer in sports surface solutions. Impact Sports flooring features a point elastic surface that ensures comfort and safety for the players by providing the correct balance of safety, comfort, performance, and aesthetic delight, as certified by the sports federation. The flooring, which comes in a variety of colours and four different thicknesses, is created from recycled materials and costs between INR 165 and INR 380 per square foot.
List of Key Players in the Market:
- Gerflor SAS
- Tarkett SA
- Forbo
- Kiefer USA
- BauwerkBoen Group
- EPI group
- Horner Sports Flooring
- Signature Sports
- Robbins Sports Surfaces
- Aacer Flooring
- SnapSports
- FlexcourtAtheletics
- Conica AG
- Matsinc
- KLIKFLEX FLOORING
- Rephouse Ltd
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