Nov 30, 2020   SOURCE: BusinessWire

New Industrial Floor Mats Market Research Report- COVID-19 Analysis Based on Ergonomic Floor Mats and Entrance Floor Mats Products | Technavio

The new industrial floor mats market research from Technavio indicates positive growth in the short term as the business impact of COVID-19 spreads.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201130005489/en/

Technavio has announced its latest market research report titled Global Industrial Floor Mats Market 2020-2024

Technavio has announced its latest market research report titled Global Industrial Floor Mats Market 2020-2024

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the industrial floor mats market.

Get FREE report sample within MINUTES

"One of the primary growth drivers for this market is the Rising Incorporation of Multiple Safety Features in Mats,” says a senior analyst for the Industrials industry at Technavio.

The growing demand for industrial floor mats has compelled vendors to offer industrial floor mats that increase productivity, improve hygiene and appearance, and decrease back and neck injuries. Also, an increasing number of vendors provide other features of industrial floor mats such as slip and chemical resistance, anti-microbial, oil and grease resistance, and aesthetic appeal have enhanced product performance. These features have helped end-users select mats based on their requirement. For instance, anti-microbial anti-fatigue mats include anti-microbial formulas that resist the growth of bacteria, fungus, and other harmful microorganisms. These mats are ideal for industrial kitchens where professionals work for long hours in a standing position. This increase in the features of industrial floor mats is expected to propel the growth of the global industrial floor mats market.

As the markets recover Technavio expects the industrial floor mats market size to grow by USD 806.15 million during the period 2020-2024.

Industrial Floor Mats Market Segment Highlights for 2020

  • The industrial floor mats market is expected to post a year-over-year growth rate of 3.46%.
  • Anti-fatigue, anti-static, anti-slip, and anti-bacterial properties, along with spark resistance, have contributed significantly to the dominance of the ergonomic floor mats market segment.
  • Also, the increasing demand for these mats from various manufacturing industries such as warehousing, automotive industry, wood and paper mills, and food processing has contributed to the large share of the industrial ergonomic floor mats market.
  • Market growth in this segment will be slower than the growth of the market in the industrial entrance floor mats segment.

Regional Analysis

  • 37% of the growth will originate from the North America region.
  • Stringent worker safety regulations set by the OSHA, which recommend the use of industrial floor mat will significantly drive industrial floor mats market growth in this region over the forecast period.
  • The US is the key market for industrial floor mats in North America. Market growth in this region will be slower than the growth of the market in APAC.

Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related Reports on Industrials Include:

Global Industrial Brushes Market: The industrial brushes market size has the potential to grow by USD 140.17 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Notes:

  • The industrial floor mats market size is expected to accelerate at a CAGR of over 4% during the forecast period.
  • The industrial floor mats market is segmented by Product (Ergonomic floor mats and entrance floor mats) and Geography (North America, APAC, Europe, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including 3M Co., Apache Mills, Bergo Flooring AB, ES ROBBINS Corp., Kleen-Tex Industries Inc., Ludlow Composites Corp., Mountville Mills Inc., NoTrax, Unimat Industries LLC, and Wearwell LLC

Register for a free trial today to access 17,000+ market research reports using Technavio's SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.