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Entrance Matting Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global entrance matting products market was valued at USD 1.3 billion in 2022 and is projected to expand at a CAGR of 4.2% from 2023 to 2030. Entrance matting products are used to reduce the amount of dirt, dust, and moisture that is brought into buildings and premises. They are used in both commercial and residential spaces, and the growth of the commercial construction industry is likely to fuel the demand for entrance matting products in the coming years.
The increasing demand for aesthetically pleasing entrance matting products is also driving the market growth. Manufacturers are introducing innovative products and designs to meet the demand from customers. For instance, in November 2021, Notrax launched a new range of entrance mats with a unique combination of design and performance. The new range includes a series of mats with unique designs and colors.
Moreover, increasing consumer awareness regarding the use of eco-friendly entrance matting products is expected to drive the market growth. Manufacturers are focusing on introducing biodegradable entrance matting products to reduce their environmental impact. For instance, in April 2022, KRM Carpets launched a new range of entrance matting products made from recycled plastic bottles.
Furthermore, the growing demand for antimicrobial entrance matting products is expected to propel the market growth. Entrance mats with antimicrobial properties can provide additional protection against the spread of germs. Thus, manufacturers are introducing entrance matting products with built-in antimicrobial technology. For instance, in May 2021, Milliken & Company launched its Antimicrobial Technology for Entryways, a collection of entrance matting products designed to reduce the spread of germs and bacteria.
The increasing use of entrance matting products in residential spaces is also driving the market growth. With the increasing disposable incomes of people, more people are buying entrance matting products for their homes. Furthermore, the availability of entrance matting products in various designs and colors is expected to bolster the market growth. Additionally, the rising trend of DIY home decor is also driving the demand for entrance matting products.
Product Insights
The entrance matting segment held the largest market share of around 47% in 2022. Entrance mats are used at the entrance of buildings to protect the carpets, tiles, and flooring from dirt, mud, and dust. Furthermore, entrance mats protect the building occupants from slipping on wet floors. In addition, they help in preventing the formation of ice on the floor during winters, thus making the floor slip-resistant. Moreover, entrance mats are available in various sizes and shapes, thus providing consumers with a wide range of options to choose from. This has been bolstering the demand for entrance matting products worldwide.
The stair treads segment is anticipated to expand at the fastest CAGR of 8.7% over the forecast period. Stair treads are used to provide a safe and secure platform for climbing. They are installed over the steps of the stairs and are available in various designs and materials. The demand for stair treads is increasing in the residential and commercial sectors due to their anti-slip properties. In addition, the growing trend of using eco-friendly materials to manufacture stair treads is driving the segment growth.
Distribution Channel Insights
The entrance matting products market is mainly driven by the retail stores segment. Retail stores such as supermarkets, department stores, and specialty stores are the primary distribution channels for entrance matting products. Retail stores offer a wide range of entrance matting products and allow customers to make comparison between different products. Furthermore, the presence of experienced salesperson in these stores helps customers make informed decisions while purchasing entrance matting products.
The online sales segment is expected to expand at the highest CAGR of 8.2% over the forecast period. The growth of this segment is attributed to the rising trend of online shopping among customers. Online stores offer entrance matting products at lower prices than retail stores. Moreover, online stores provide a wide range of entrance matting products and enable customers to compare different products before making a purchase. Furthermore, the availability of discounts and offers on entrance matting products has further increased the demand for these products through online stores.
Type Insights
The coir entrance matting segment accounted for the largest revenue share of 47.3% in the year 2022. Coir entrance matting is made from coconut fibers which are very durable and absorb moisture and dirt from shoes, thus keeping the area clean and dry. The growing demand for these mats from residential and commercial establishments is the major factor driving the segment growth. Furthermore, the increasing awareness about the benefits of entrance matting in preventing dirt, dust, and moisture from entering the premises is also driving the segment growth.
The PVC entrance matting segment is anticipated to expand at the highest CAGR of 8.9% over the forecast period. This matting is made from a blend of vinyl and rubber which makes it highly durable and stain-resistant. The increasing focus on safety and hygiene in the residential and commercial establishments is propelling the growth of this segment. Furthermore, the rising trend of using PVC entrance mats in public places such as hospitals, airports, and shopping malls is also driving the segment growth.
Regional Insights
Europe accounted for the largest revenue share of over 38.6% in 2022, owing to the high demand for entrance matting products in the region. The adoption of entrance mats in the commercial and residential sectors is increasing, due to their ability to reduce dirt and dust and provide a safe entrance. For instance, in April 2021, French company Matting System introduced a new range of entrance mats that are designed to reduce dirt and dust, while providing a safe entrance.
Asia Pacific is expected to witness the fastest growth in the coming years. Developing countries such as India and China are expected to experience the highest growth in the market due to the increasing number of commercial and residential buildings. Moreover, the escalating demand for luxury entrance matting products is also contributing to the market growth. For instance, in March 2021, Chinese company Shanghai Xianghuang introduced a range of high-end entrance matting products.
Financial Projections
In this part of the entrance matting products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts typically include cash flow projections and capital requirements for your entrance matting products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenue for an entrance matting business comes from the sale of mats, installation fees, and corporate contracts. Here you will find a list with a description of each of them and other possible sources of profit such as the sale of accessories and spare parts.
Projecting Expenses
In this section, all the regular expenses related to keeping the entrance matting business running will be described. The list of operating expenses includes wages, rent, utilities, advertising, delivery fees, insurance policies, research & development costs, and others.
Key companies & market share insights
Some of the key companies operating in the entrance matting market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In March 2022, Milliken launched the Milliken Entrance Matting System, a customizable modular entrance matting system that is designed to reduce dirt, dust, and moisture.
– In July 2022, Forbo Flooring Systems launched the Marmoleum Click Cinch LOC, a dry-back entrance matting solution that is designed to be easy to install and maintain.
– In August 2022, 3M launched the 3M Nomad entrance matting system, a high-performance entrance matting system designed to provide superior durability and maintain its appearance over time.
Some of the prominent players in the entrance matting market include:
– Milliken
– Forbo Flooring Systems
– 3M
– Kermode
– Andersen Company
– Mondo
– Floorsafe
– Abacus
– Eagle Mat & Floor Products
– Wearwell
Global Entrance Matting Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global entrance matting products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Carpet Mats
– Logo Mats
– Scraper Mats
– Anti-Fatigue Mats
– Waterhog Mats
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Indoor
– Outdoor
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the major drivers for the entrance matting products market?
[A]: Rapid urbanization and increasing consumer demand for hygiene and safety are major drivers for the entrance matting products market. The growing awareness of the importance of hygiene and safety in public places, such as hotels, hospitals, and retail outlets, is expected to drive the demand for entrance matting products. Additionally, the increasing demand for entrance matting products with high aesthetic appeal and improved safety features, such as anti-slip surfaces, is also driving the market growth.
[Q]: Who are the major players in the entrance matting products market?
[A]: The major players in the entrance matting products market are 3M, Milliken & Company, and Forbo International.
[Q]: What are the factors restraining the entrance matting products market?
[A]: Factors such as the high cost of installation and maintenance of entrance matting products and the limited access to entrance matting products in underdeveloped countries are restraining the growth of the entrance matting products market.
[Q]: What are the major application areas for entrance matting products?
[A]: Major application areas for entrance matting products include residential, commercial, and industrial.
[Q]: What is the potential of the entrance matting products market?
[A]: The entrance matting products market is expected to reach a valuation of USD 14.8 billion by 2027, expanding at a CAGR of 3.6% during the forecast period (2020–2027). The rising demand for entrance matting products in both residential and non-residential applications, along with increasing awareness of hygiene and safety, is expected to drive the market growth in the near future.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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