LONDON--(BUSINESS WIRE)--May 15, 2019--

A new market research study by Technavio on the global ground protection mats market projects the market to grow at a CAGR of close to 4% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

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Technavio has published a new market research report on the global ground protection mats market from 2019-2023. (Graphic: Business Wire)

Increase in use of ground protection mats in the construction industry

The construction activities are increasing at a rapid pace across the world, especially in emerging economies. The growing construction market is triggering the demand for ground protection mats as they provide safe access for vehicles, equipment, and workers at construction job sites. The lifespan of construction ground protection mats is long, and they are eco-friendly and easy to clean. Ground protection mats can also eliminate the possibility of cross-contamination between worksites. Such applications of ground protection mats and the substantial increase in the construction activities will boost the growth of the ground protection mats market during the forecast period.

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Growth in demand for ergonomic ground protection mats

The market is currently witnessing a significant increase in the demand for ergonomic ground protection mats as they increase productivity while saving cost. This is mainly due to various features integrated into the mats to make them ergonomic, including chemical resistance, antimicrobial, anti-slippery, oil and grease resistance, and aesthetical appeal. Moreover, several scientific and survey researches are being published, which is contributing to the increasing awareness about ergonomic ground protection mats among end-users. This is helping in educating end-users about the benefits of the use of such these mats, which will have a positive influence on the global ground protection mats market.

According to a senior analyst at Technavio for consumer durables and apparels, “With the rising demand for eco-friendly products, various vendors are offering a wide range of ground protection mats that are made of 100% recyclable, eco-friendly materials such as rubber, wood, and polyethylene. The use of recycled materials provides various benefits including reduced cost and landfill with no compromise in the durability and stability of materials. Thus, the increase in demand for eco-friendly ground protection mats will have a significant impact on market growth during the forecast period.”

Low awareness about ground protection mats in developing countries

Ground protection mats are designed for a wide range of end-users such as industrial and commercial. Hence, selecting the appropriate ground protection mat is integral for consumers. As developing countries such as India and China operate at low production cost and have a small budget, they do not majorly prefer ground protection mats. However, a wide range of benefits of ground protection mats will attract a number of end-user industries to adopt and use them during the forecast period.

Top players in the global ground protection mats market:

  • Checkers Industrial Products LLC
  • LODAX
  • Newpark Resources Inc.
  • Quality Mat Co
  • Signature Systems Group LLC

Some of the key topics covered in theglobal ground protection mats marketinclude:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred 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. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/15/2019 10:15 AM/DISC: 05/15/2019 10:15 AM

Copyright Business Wire 2019.