Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Ground Protection Mats Market size is expected to reach $558.1 million by 2028, rising at a market growth of 4.41% CAGR during the forecast period.
The Locked market is experiencing a CAGR of 7.2% during (2022 - 2028). Locked mats are usually available in fixed sizes and cannot be modified much. These mats are highly sturdy with extremely strong connections that make them unable to move from their positions even in adverse situations. The locked mats are widely used in open spaces like fields and landscaping projects.
The Specialty Stores market is leading the segment in the Global Ground Protection Mats Market by Distribution Channel in 2021; thereby, achieving a market value of $177.9 million by 2028. Manufacturers of these mats have been working continuously to increase the product’s exposure. As a result, they primarily target local retailers. This has made specialty stores a vital link in the supply chain. In many places, specialty stores are also the only shop where one can find a wide range of products.
The Commercial market is registering a CAGR of 4.6% during (2022 - 2028). A wide range of products is being launched by the major market participants to increase revenue by increasing sales. Key players in the ground protection market are investing heavily in product innovation that would spur the usage of these mats in commercial areas. To give better products and fulfill consumer requirements, key players are also increasing their expenditures in research and development.
The Extreme Load market is generating high revenue share in the Global Ground Protection Mats Market by Load Type in 2021; thereby, achieving a market value of $281.9 million by 2028. The growth of the segment is attributed to the fast rise of the construction industry’s development, which will continue to grow in the coming years as well. Both residential and commercial construction activities have increased in volume in the past few years owing to the growing population and need for commercial places like stores, offices, and shops.
The 15 mm market is showcasing a CAGR of 4.6% during (2022 - 2028). This size of ground protection mat is most suited for civil engineering, groundwork, and construction industries. However, it can be used in events as well as in the making of temporary driveways and parking. In addition, these mats are widely used in both re-enforcing and protecting the underneath surface.
The Europe market dominated the Global Ground Protection Mats Market by Region in 2021; thereby, achieving a market value of $189.7 million by 2028. The Asia Pacific market is poised to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Newpark Resources, Inc., Quality Mat Company, Signature Systems Group, LLC (Center Rock Capital Partners, LP), CGK-GROUP BVBA (Lodax), Groundtrax Systems Ltd, Greatmats.com Corporation, Grassmats USA LLC, LuxTek GmbH, ProtectaMat and NoTrax (Justrite Manufacturing Company, LLC) (Audax Management Company, LLC)
By Distribution Channel
By Load Type
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