Rubber Fitness Flooring Market Overview, Segments Analysis and Opportunities 2031

Rubber Fitness Flooring Market Outlook 2031

The global rubber fitness flooring market was valued at US$ 3.7 Bn in 2021

It is estimated to grow at a CAGR of 6.3% from 2022 to 2031

The global rubber fitness flooring market is expected to reach US$ 5.7 Bn by the end of 2031

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Global Rubber Fitness Flooring Market Introduction
Rubber fitness flooring is known for its durability. This type of flooring is largely preferred in gyms, hospitals, track & field venues, and aerobics studios. Rubber fitness flooring can be made from either natural tree rubber or from synthetic materials. These materials have high sturdiness and require low maintenance, which are beneficial for the users. These surfaces, ranging from interlocking tiles and rubber flooring to paving rubber flooring, are well-suited for floors of various dimensions in both residential and commercial spaces.

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Fitness Hobbyists Fueling Demand for Rubber Fitness Flooring
Industrialization has boosted the global economy, thereby augmenting the total household income. This has led to a change in the spending pattern of people. People are increasingly spending on leisure activities such as fitness, tourism, and entertainment. According to the American College of Sports Medicine's Health and Fitness Journal, fitness is popular among people aged 10 to 65. Throughout multiple lockdowns, many people had to adjust how and where they exercise. A fitness mindset that craves flexibility and convenience is apparent, as well as the awareness that fitness can be for everyone, which, in turn, has created numerous opportunities for the market.

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Furthermore, government policies and fitness & sports associations across the globe are encouraging people to live a healthy life by doing yoga or exercising at a self-regulated pace. Thus, a rise in awareness about fitness is projected to boost the demand for rubber fitness flooring during the forecast period.

Increase in Number of Gyms and Track & Field Venues to Boost Rubber Fitness Flooring Market
Fitness is trending, and several people are expressing interest in going to gyms, due to rise in urbanization and disposable income. Thus, gyms, aerobics studios, dance floors, and track & field spaces are increasingly using rubber fitness flooring as workout flooring.

Based on activity, the gyms segment dominated the global rubber fitness flooring market and held nearly 56.5% share in 2021. Furthermore, the segment is expected to grow at a moderate pace during the forecast period. In gyms, rubber fitness flooring is extensively utilized. The demand for this flooring type is also increasing in commercial as well as residential sectors.

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Presently, manufacturers are offering rubber flooring in various types such as tiles, rolls, and laminated rolls. In addition, the production of rubber fitness flooring is expected to increase during the forecast period, driven by growing demand for aerobic and dancing floors for exercising.

Manufacturers of rubber fitness flooring have been channelizing their efforts toward increasing their production capacities. This trend is likely to continue, and the rubber flooring production is anticipated to rise significantly during the forecast period.

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High Demand for Rubber Flooring Tiles in Global Market
In terms of product, the global rubber fitness flooring market has been classified into rubber flooring tiles, high-density rolls, paving rubber flooring, and others. Rubber flooring tiles are the most popular type of flooring for use in commercial and residential buildings. Rubber floor tiles come in various different sizes such as squares and rectangles. The rubber flooring tiles segment accounted for a key share of 70.9% of the global market in 2021. The segment is estimated to grow at a CAGR of 6.5% during the forecast period. Moreover, these tiles have interlocking edges that provide a secure fit during installation.

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Regional Outlook of Global Rubber Fitness Flooring Market
In terms of value, North America held 31.2% share of the global rubber fitness flooring market in 2021. The rubber fitness flooring market in the region is anticipated to grow at a CAGR of 6.2%, in terms of value, during the forecast period. In North America, the U.S. dominated the market in the region. The market in the country is expected to grow at a moderate growth rate of 6.2% during the forecast period.

Based on value, Europe and Asia Pacific were also prominent regions in the global rubber fitness flooring market and held 27.2% and 26.8% share, respectively, in 2021.

Analysis of Key Players of Global Rubber Fitness Flooring Market
The global rubber fitness flooring market comprises several small- and large-scale manufacturers and suppliers who control majority of the share. Most of these firms are adopting new technologies and strategies with comprehensive research and development, primarily to increase flexibility and manufacturing operations. Diversification of product portfolio and mergers & acquisitions are significant strategies being adopted by key players. Artigo S.p.A, BEKA Rubber, Mondo S.p.A., Ecore International, INDELVAL S.A.I.C., AMORIM CORK COMPOSITES, S.A., Tarkett S.A, LG HAUSYS, Kiefer USA, Bauwerk Boen Group, EPI Group, Flexcourt Athletics, and RUBRIG SIA are prominent entities operating in the market.

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