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The ground protection mats market share is expected to increase by USD 314.79 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.39%.
This ground protection mats market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ground protection mats market segmentation by end-user (industrial and commercial) and geography (APAC, North America, Europe, South America, and MEA). The ground protection mats market report also offers information on several market vendors, including CGK-Group, Checkers Safety Group, Ground Protection mats, Isokon proizvodnja in predelava termoplastov doo, Newpark Resources Inc., Oxford Plastic Systems Ltd., Quality Mat Co., Shandong Ningjin Xinxing Chemical Co. Ltd., Signature Systems Group LLC, and The Rubber Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and after post COVID-19 era. The increase in the use of ground protection mats in the construction industry is notably driving the ground protection mats market growth, although factors such as growing demand for ground protection mat rentals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ground protection mats industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ground Protection Mats Market Driver
The increase in the use of ground protection mats in the construction industry is a major factor driving the global ground protection mats market share growth. The increase in construction activities across the globe is boosting the demand for ground protection mats. The lifespan of construction ground protection mats is long, and they are eco-friendly and easy to clean. These mats eliminate the possibility of cross-contamination between worksites. Ground protection mats provide safe access for vehicles, equipment, and workers at construction job sites. Mats used in construction projects are portable and help in safeguarding the grass surface from damage caused by the movement of heavy vehicles or machinery. With a rise in construction activities, the demand for ground protection mats is likely to increase. Construction activities in developing markets are likely to grow at a more rapid rate than in advanced economies. Significant opportunities are now available in emerging economies of APAC, such as Vietnam, the Philippines, and Indonesia. The construction market in the emerging economies of APAC is expected to grow more than 6% during the forecast period. Therefore, the global construction industry is expected to drive the growth of the market in focus during the forecast period.
Key Ground Protection Mats Market Trend
The increase in demand for eco-friendly mats is another factor supporting the global ground protection mats market share growth. The demand for eco-friendly material mats is increasing in the global ground protection mats market. Vendors in the market offer a wide range of ground protection mats made of 100% recyclable, eco-friendly materials such as wood, rubber, and polyethylene. High-density polyethylene mats are eco-friendly in nature and can replace the iron trackway panel. Vendors in the market are offering ground protection mats manufactured from recycled materials. The use of recycled materials has various benefits, including reduced cost and landfill with no compromise in the durability and stability of materials. The Rubber Co. offers RubbaGrass ground protection mats developed using recycled natural rubber. These mats can be used in various applications such as playground safety grass matting, outdoor gyms, golf courses, pathways, and gate entrance matting. Quality Mat also offers ECOmat made using a proprietary blend of plastic and minerals. Every ECOmat is made of approximately 50% recycled material. During the forecast period, various other vendors are expected to introduce eco-friendly mats, thereby driving the market growth.
Key Ground Protection Mats Market Challenge
The growing demand for ground protection mat rentals will be a major challenge for the global ground protection mat market share growth during the forecast period. The growing demand for ground protection mat rentals is hindering the purchase of new mats. Commercial and industrial end-users are increasingly opting for ground protection mats on rent over purchasing. This can reduce the sales volume of ground protection mats. Mats on the lease would be subjected to wear and tear and would require maintenance at the end of the lease period. The restoration of mats to proper usable condition adds to the cost for vendors, thus driving down their revenue. For instance, Newpark Resources provides ground protection mats for rental. In 2018, the company generated $93.05 million in revenue from the rental service. The company provides a wide variety of temporary access roads for rental at construction sites. It provides rental services for events, construction activities, military operations, and the oil and gas, pipeline, utility, and other industries. Renting out mats for a short period of time for commercial activities is associated with several disadvantages as it increases the cost of maintenance for vendors. Essentially, this will hamper the growth of the market.
This ground protection mats market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global ground protection mats market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ground protection mats market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the ground protection mats market encompasses successful business strategies deployed by the key vendors. The ground protection mats market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ground protection mats market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ground protection mats market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global construction materials market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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33% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the ground protection mats market in APAC. Market growth in this region will be faster than the growth of the market in regions.
Growth in demand for temporary roadway mats will facilitate the ground protection mats market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The regional market witnessed certain challenges in 2020, owing to the outbreak of COVID-19. The outbreak disrupted supply chains of various non-essential items such as ground protection mats. In addition, many shopping malls and retailer stores were shut down temporarily in 2020. These factors hindered the growth of the market in the region. However, recovery of supply chain operations and efficient vaccination drives are likely to fuel the growth of the regional market in focus during the forecast period.
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The ground protection mats market share growth in the industrial segment will be significant during the forecast period. Industrial end-users include oil and gas, construction, petrochemical, mining, and pipeline industries. The demand for ground protection mats from these industries is growing as these mats provide safe access and walkways, reduce accidents such as slips and falls, and allow easy handling and movement of heavy machinery. Ground protection mats are deployed in the oil and gas industry for the easy movement of workers and heavy machinery over rough terrains.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ground protection mats market size and actionable market insights on the post-COVID-19 impact on each segment.
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Ground Protection Mats Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
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Market growth 2021-2025 |
$ 314.79 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.75 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 33% |
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Key consumer countries |
US, UK, China, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CGK-Group, Checkers Safety Group, Ground Protection mats, Isokon proizvodnja in predelava termoplastov doo, Newpark Resources Inc., Oxford Plastic Systems Ltd., Quality Mat Co., Shandong Ningjin Xinxing Chemical Co. Ltd., Signature Systems Group LLC, and The Rubber Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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