Press release
Sports Flooring Market to Surpass Valuation of US$ 19.5 Bn by 2030
In terms of value, the global sports flooring market is anticipated to expand at a CAGR of ~6% from 2020 to 2030. The demand for indoor sports activities has been increasing in North America and Europe due to extreme weather conditions. Governments and private sports clubs in these regions are investing significantly in indoor sports complexes.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/sports-flooring-market.html
The growth in public awareness about the link between physical activity and health is also projected to drive the demand for indoor sports activities. There has been a significant rise in participation in indoor sports activities in North America and Europe over the past few years. This can be ascribed to increase in household income and growth in expenditure on recreational activities. The rise in awareness about fitness and personal care is encouraging people to spend on gym memberships; and yoga, Zumba, and dance activities. This trend is likely to continue in the near future.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78633
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐๐ซ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
PVC, polyurethane, rubber, and polypropylene are used to manufacture sports flooring. The usage of these products leads to air pollution, as these products are derived from crude oil. Manufacture of PVC flooring creates dioxins, which are carcinogenic bio-accumulative toxins. These substances pose a health risk to anyone exposed to them. The lifespan of sports flooring ranges from 10 years to 20 years. After use, PVC, polyurethane, rubber, and polypropylene are recycled or dumped into the landfill. However, PVC flooring is not biodegradable. It leads to pollution in landfill. Furthermore, these products are derived from crude oil, and crude oil production and processing industry is the one of the leading industries that causes pollution. Thus, rise in environmental concerns is anticipated to restrain the sports flooring market during the forecast period.
Artificial Turf Flooring to Offer Lucrative Opportunities for Sports Flooring Market
In terms of product type, the global sports flooring market has been divided into PVC flooring, wood flooring, polyurethane flooring, rubber flooring, polypropylene flooring, artificial turf flooring, and others. Polypropylene surface is used in artificial turf flooring. It minimizes the risk of friction between skin and the playing surface. As a result, demand for artificial turf flooring is high in sports such as soccer, football, lacrosse, baseball, and hockey. Wood flooring is another key segment of the sports flooring market. Wood provides healthier indoor air, as it does not produce any volatile organic compound.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=78633
๐๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
In terms of application, the global sports flooring market has been bifurcated into outdoor and indoor. In terms of value and volume, the outdoor segment constituted significant share of the global sports flooring market in 2019. The demand for outdoor sports flooring is high in sports clubs, public facilities, schools, and other educational institutes. Outdoor facilities require lower investment vis-ร -vis indoor facilities, as the latter requires extra lights, ventilation, and infrastructure. This increases the cost of facilities. Hence, demand for outdoor sports facilities is higher. This is estimated to drive the outdoor segment in the near future.
Rise in Number of Commercial Physical Activity Centers to Drive Global Market
In terms of end use, the global sports flooring market has been divided into commercial and residential. The commercial segment is anticipated to dominate the market during the forecast period due to rise in investment in commercial physical activity centers. The growth in investment in sports facilities is projected to propel the global sports flooring market during the forecast period. Governments of various developed countries in North America and Europe have been investing significantly in development of sports and recreational facilities for the general public in order to promote physical activities and sports. This is expected to boost the global sports flooring market.
๐๐ข๐ ๐ก ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐จ๐ซ ๐ ๐จ๐จ๐ญ๐๐๐ฅ๐ฅ ๐ ๐ข๐๐ฅ๐๐ฌ
In terms of sport, the global sports flooring market has been segregated into track & field (running, jumping, and throwing), football, basketball, volleyball, badminton, tennis, gym, dance, & aerobic studio, and others. In terms of value and volume, the football segment constituted a significant share of the global sports flooring market in 2019.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐ ๐๐ฎ๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐๐ ๐ข๐จ๐ง ๐จ๐ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
Based on region, the global sports flooring market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading region in terms of sports activities in the world. The U.S. has won the most gold medals in Olympics to date. It has won more than 2,500 Olympics medals. The U.S. is anticipated to be a lucrative country of the sports flooring market in North America during the forecast period, owing to the increase in awareness about fitness and rise in inclination toward sports activities in the country.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The global sports flooring material market is highly fragmented. The top players such as Shaw Industries Group, Inc., Tarkett Group, Interface, Inc., LG HAUSYS, and Bauwerk Boen Group cumulatively held more than 20% share of the global market in 2018. Leading players have taken initiatives to expand their presence through acquisitions, increase of production capacities, and strategic partnerships. Other Key manufacturers operating in the global sports flooring market are Kiefer USA, EPI Group, Aacer Flooring, LLC, SnapSports, Flexcourt Athletics, Conica AG, Mats Inc., KLIKFLEX FLOORING, and Rephouse Ltd.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78633
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ ๐ฅ๐จ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Sports Flooring Market, by Product Type
โข PVC Flooring
โข Wood Flooring
โข Polyurethane Flooring
โข Rubber Flooring
โข Polypropylene Flooring
โข Artificial Turf Flooring
โข Others (including Synthetic/Acrylic Flooring and HDPE Flooring)
Sports Flooring Market, by Application
โข Outdoor
โข Indoor
Sports Flooring Market, by End Use
โข Commercial
โข Residential
Sports Flooring Market, by Sports
โข Track & Field (Running, Jumping, and Throwing)
โข Football
โข Basketball
โข Volleyball
โข Badminton
โข Tennis
โข Gym, Dance, & Aerobic Studio
โข Others (including Pickleball)
Sports Flooring Market, by Region
โข North America
o U.S.
o Canada
โข Europe
o Germany
o France
o U.K.
o Spain
o Italy
o Rest of Europe
โข Asia Pacific
o China
o India
o Japan
o ASEAN
o Rest of Asia Pacific
โข Latin America
o Brazil
o Mexico
o Rest of Latin America
โข Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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