Sports Flooring Market Research Report

 


Sports Flooring Market

Sports Flooring Market is anticipated to touch USD 2,569 Million by 2028, expanding at a robust CAGR of 6% over the forecast period due to the ongoing innovations in technology and changes in managerial landscape.

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 Sports flooring is used for safety and comfort of athletes made up of planks and tiles to provide an ideal playing surface to indoor and outdoor sports. Rising health awareness among population in indoor and outdoor sports activities and surging demand for sports hobbies are the major factors driving the sports flooring market growth. Growing demand for yoga centers, Zumba, and indoor sports along with the intensified research and development activities are projected to steer the market growth. Ongoing innovations in flooring such as incorporating time-honored patterns and craft techniques with latest technologies are likely to provide more cost-efficient alternatives which will bolster the market growth. For example, a Germany based company ASB will offer ASB GlassFloor that is highly flexible connected together by a polyvinyl butyral. However, unstable prices of raw material such as Polypropylene and Artificial Turf might hamper the Sports Flooring Market Size.

By Material, polyurethane is forecast to lead the market over the coming years owing to their comfortable and smooth cushiony effect. Also, the material is used in various sports such as hockey, basketball, sprinting, and indoor football. For instance, TVS Sports Surfaces provides polyurethane floors with high flexibility, better performance, slip resilience for athletes of all ages.

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By region, the North American region is projected to expand at a notable rate during the forecast period owing to the growing demand for sports flooring across different applications of indoor and outdoor sports. A surge in the number of sports complexes and stadiums, intensified government support to encourage sports in rural areas will generate enormous opportunities for the market.

Sports Flooring Market Segmentation:

Sports Flooring Market by Material
  • Wood
  • Rubber
  • Polymer
  • Artificial Turf
  • Others
Sports Flooring Market by End-Use
  • Residential
  • Commercial
Sports Flooring Market by Product Type
  • Chemical
  • Biological
  • Mechanical
Sports Flooring Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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