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Sports flooring are made from the material such as vinyl, linoleum, rubber, polymer, and wood. These flooring materials are suitable for both indoor and outdoor activities. Usually, they are in sheet form with a foam backing which achieves an elastic or mixed elastic floor point. Moreover, before laying sports flooring, many things are taken into consideration which includes the flooring would have the capability to shock absorption, withstand the rolling load, and resist slipping. These flooring materials cover all the things, thereby makes themselves a sustainable choice and surge their demand in various applications. They are highly utilized in residential and commercial buildings.
The rising demand for gym and sports area will propel the demand for sports flooring. The growing interest in outdoor and indoor sports, a surge in the number of health-conscious population, and entry of new sports floors with new materials, and rise in the number of sports hobbyists are fueling the product demand. Furthermore, increasing research & development activities coupled with rising infrastructure development has surged the demand for the gym. Hence, these factors will boost the need for sports flooring and will aid to fuel the market growth during the forecast timeline.
However, fluctuations in raw material prices impact the overall demand for sports flooring. This restricts the product demand and is anticipated to hamper the market growth.
Key Market Driver -
Increasing demand for gym and sports area is driving the market growth.
Key Market Restraint -
Fluctuation in the raw material prices to hamper the market growth
Based on product type, the sports flooring market is segmented into outdoor and indoor. Based on material, the market is segmented into wood, rubber, polymer, and others. Based on end-use, the market is segmented into residential and commercial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the sports flooring market include Gerflor SAS, Tarkett SA, Forbo, Kiefer USA, Bauwerk Boen Group, EPI group, Horner Sports Flooring, Signature Sports, Robbins Sports Surfaces, Aacer Flooring, SnapSports, Flexcourt Atheletics, Conica AG, Matsinc, KLIKFLEX FLOORING and Rephouse Ltd.
Asia Pacific is estimated to witness sustainable growth in the sports flooring market. The growth is attributed to the rising product demand in the construction industry. The increasing adoption of polyurethane-based flooring in residential buildings will fuel the market growth in Europe. The rapid infrastructure development coupled with increasing urbanization will surge the product demand in North America. The Middle East & Africa is anticipated to witness significant growth, owing to the increasing product demand in commercial buildings.
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