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Sports Flooring Market

Sports Flooring Market by Material Type (Rubber, Recycled Rubber, Wood, Polymer), by Application Area (Indoor, Outdoor), by Sales Channel, and by Region – Global Market Insights till 2032

Analysis of Sports Flooring Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Sports Flooring Market Outlook (2022-2032)

The global sports flooring market is likely to reach a valuation of US$ 2,667.9 million in 2022 and is expected to progress at a CAGR of 2.9% to reach US$ 3,561.9 million by the end of 2032.

Sales of sports flooring accounted for nearly 10.5% share of the global sports equipment market at the end of 2022.

Report Attributes

Details

Sports Flooring Market Size (2021A)

US$ 2,600.5 million

Estimated Market Value (2022E)

US$ 2,667.9 million

Forecasted Market Value (2032F)

US$ 3,561.9 million

Global Market Growth Rate (2022-2032)

2.9% CAGR

North America Market Share (2022)

27.7%

North America Market Value (2022)

US$ 738.2 million

Europe Market Share (2022)

32.4 %

Europe Market Value (2022)

US$ 863.2 million

China Market Share (2022)

9.4 %

China Market Value (2022)

US$ 251.7 million

Market Share of Top 3 Countries

36.9%

Key Companies Profiled

  • Gerflor SAS
  • Tarkett SA
  • Forbo
  • Kiefer USA
  • Bauwerk Boen Group
  • EPI Group
  • Horner Sports Flooring
  • Signature Sports
  • Robbins Sports Surfaces
  • Aacer Flooring
  • Other Market Players

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Sales Analysis of Sports Flooring (2017-2021) Vs. Market Outlook (2022-2032)

When laying sports flooring, a lot of characteristics are carefully considered and are laid after taking many factors into account. For instance, shock absorption, which is essentially measured in percentage, displays the amount of impact that the floor typically absorbs. These features is likely to help to gain more market reach for sports floorings.

Additionally, the sports flooring needs to be able to sustain rolling loads, face ball rebound, which measures how much the ball bounces, slip resistance, which gauges how much traction the surface has, etc. Technology and material science advancements are leading to a variety of synthetic surfaces, such as engineered wood for sports floors. During the evaluation years of 2022–2032, it is predicted that the aforementioned factors would boost the global sports flooring market and create an absolute dollar opportunity of US$ 556.4 million between the peak period of 2028-2032.

  • Short Term (2022 to 2025): North America in the coming forecast period is primarily driven by the fact that five of the world’s wealthiest professional sports associations are present in the country, and they conduct their sporting events primarily in the US every year.
  • Medium Term (2025-2028): Rising demand for practicing sports for physical health maintenance positively impact sports flooring market growth.
  • Long Term (2028-2032): By offering novel products at a competitive price without compromising on quality, the market can attract a new customer base.

From 2017 to 2021, the global market for sports flooring registered a CAGR of 0.5% Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 2.9% CAGR between 2022 and 2032.

Sports flooring market forecast by Fact.MR

Market share analysis of sports flooring based on material type and region is provided in the above image. Under the material type segment, the wood material type sub-segment dominates with 47.3% market share in 2022.

Sports Flooring Market

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What’s Driving High Demand for Sports Flooring across Regions?

“Rise in Demand for Sports Flooring in Indoor and Outdoor Applications”

Due to an increase in demand for sports flooring in various applications, such as indoor and outdoor sports in the regions, the sports flooring market is expected to continue to grow at a rapid rate during the forecast period. Furthermore, the rising need for sports facilities, particularly in universities and high schools, has had a direct impact on the global sports flooring market's growth.

Some of the major factors expected to propel the global sports flooring market during the forecast period include an increase in the number of health-conscious people, growing interest in outdoor and indoor sports, an increase in the number of sports hobbyists, and the introduction of new sports floors with new materials. Because of the enhanced comfort and performance of new sports floor variants, the sporting community is embracing them. As a result, demand for sports flooring in the region is expected to rise throughout the forecast period.

“Escalating Corporate Sponsorships and Private expenditure”

Unlike many other Olympic nations, the United States, which is the largest market for sports flooring, does not have a government-funded sports ministry. The United States Olympic and Paralympic Committee pays for itself mostly through corporate sponsorships and broadcast rights revenues.

Its dozens of sports regulating bodies likewise produce the majority of its cash. They source flooring products from sports flooring manufacturers such as Horner Flooring, Robbins Sports Surface, Tarkett, and Mondo, among others, and goliaths such as Nike, Adidas, H.P., Pepsi, AT&T, Puma, who have been pivotal in developing the corporate sponsorships and keep the expenditure flowing into the North American sports industry from time to time.

Moreover, Beynon (Tarkett) has partnered with Athletics Canada to provide sports flooring products and track systems for Athletics Canada via Playtech, which is the official source of procuring Beynon (Tarkett) sports flooring products in Canada. Similar corporate sponsorships form the basis of the major source of revenues for countries and their sports regulating bodies, which in turn drive the sales forward.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Sports Flooring Manufacturers Need to Watch Out for?

“Growing Prevalence of E-Sports Among the Youth”

E-sports may be modest in comparison to America's most popular pro sports, such as football, basketball, and baseball, but they are now on a level with popular sports entertainment media, such as wrestling. According to the E-sports Observer, approximately US$ 211 million was awarded in 2019 in over 4,000 e-sports tournaments, up from US$ 163 million in 2018. Professional players compete in bracket-style tournaments, either alone or as a team.

Furthermore, the pandemic situation has been a blessing in disguise for the e-sports industry, with more and more players choosing to play and compete in online events, further raising the bar for prize pools among the youth, who seem to be influenced by the generation Z you tubers and e-sports gamers towards adopting e-sports as a viable physical sports alternative.

Besides, the experience offered in such online events by XBOX or PS controllers has just been the icing on the cake. Thereby, if the youth increasingly adopts e-sports as an alternative, then outdoor sports would start losing their importance in the long run, which will negatively impact the sales of sports flooring products.

Country-wise Insights

Why North America Accounts for Substantial Demand in Sports Flooring Market?

The sports flooring market in North America holds the greatest market share at 27.7%. Over the course of the projection years, the area is anticipated to see a CAGR of 2.3%. Supporting market expansion is attributed to the development in demand for sports flooring across a variety of applications, including both indoor and outdoor sports.

The most popular sports club are present in the region for instance major league baseball, national football league, national hockey league, and national basketball association which can also create demand for the sports flooring market.

In addition, there is a growing need for sports infrastructure due to the huge increase in health consciousness. In turn, it is anticipated that this will increase market demand in the area in the ensuing years.

Why is the Asian Countries Sports Flooring Market Expected to Be Highly Lucrative?

With a combined market share of 30%, the Asia Pacific area, which consists of South Asia & Oceania and East Asia, accounts for 10.6% and 19.4% of the global sports flooring market. During the forecast period of 2022-2032, it is expected that the markets for sports flooring in East Asia, South Asia and Oceania would expand at respective CAGRs of 3.4% and 3.7%.

The increasing demand in sports infrastructure sector has credited opportunities for sports flooring market. The region's flooring market is expanding due to the growing acceptance and use of polyurethane-based flooring in residential settings. In addition, the market for sports flooring is experiencing a surge in demand due to increased urbanization and quick infrastructure development, which is anticipated to drive market expansion in the years to come.

Category-wise Insights

Which Application Area is expected to become the Leading Contributor to Market Size?

Sports flooring is divided into outdoor and indoor options under product type. The outdoor category, which now commands a market share of 39.0%, is expected to grow at a 2.7% CAGR over the course of the projection period.

Since outdoor flooring can survive bad weather and is utilized in a variety of sports, including soccer, football, baseball, and tennis, there is a significant demand for outdoor sports flooring. The indoor sector, which now holds 61.0% of the market share and is anticipated to increase by 3.0% during the assessment period, is the next-largest category within the product type.

Which Material Type is Estimated to Support Market Growth in the Sports Flooring Market?

The material type segment is divided into five categories rubber, recycled rubber, wood, polymer, and fluid applied under the material type segment. The wood floor segment currently accounts for 47.3% of the market and is anticipated to increase by 2.2% CAGR over the assessed years.

Demand for wood material floors will increase in the anticipated years in this market as this kind of material can be used in linoleum floors which are suitable for wet areas in sports centers that require high elasticity, for instance, basketball courts and badminton courts. The material is made up of wood flour, powdered cork, pigments, ground limestone, jute, and linseed oil which makes the floor environment-friendly.

Competitive Landscape

According to the sports flooring industry analysis, Bushnell Inc., Leupold & Stevens Inc., Burris Company Inc., Vortex Optics, and SAM Electrical Equipment Co. Ltd. are leading market players. The global market is highly competitive and consolidated due to the presence of regional and domestic players. Leading players such as collaborations, mergers & acquisitions, expansions, and partnerships have adopted numerous marketing strategies.

Additionally, the major corporations use new ways of product development as a strategic practice to enhance their market positioning among customers. As a result, environment-friendly sports flooring has been incorporated into sports which will be less harmful to the environment without compromising on quality.

For Instance :

  • Gerflor SAS was acquired by Cobepa in the year 2020. An investment company Cobepa, is owned by Belgium’s Spoelberch family. Gerflor SAS which earns more than 1 billion euros in revenues produces, resilient flooring for the sports market coupled with both residential and commercial usage
  • Deconinck family partnered with Wendel Partners to acquire the shares of Tarkett SA in 2021. This partnership will aid in the growth of the company, which will additionally help in the identification of investment opportunities in the long term, and support growth and expertise, especially in regions of North America and Europe.

Fact.MR has provided detailed information about the price points of key manufacturers of sports flooring positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Sports Flooring Industry Research

  • Sports Flooring Market by Material Type :

    • Rubber
    • Recycled Rubber
    • Wood
    • Polymer
      • Polyurethane
      • Polyethylene
      • PVC
      • EPDM
      • Others
    • Fluid applied
  • Sports Flooring Market by Application Area :

    • Indoor
    • Outdoor
      • Running Tracks
      • Poured-in-Place (PIP) Spaces
      • Field Sports
        • Tennis Courts
        • Basketball Courts
        • Volleyball Courts
        • Others
      • Others (multipurpose areas, all other applications excluding field sports)
  • Sports Flooring Market by Sales Channel :

    • Offline
      • Direct Sales
      • Independent Sports Outlet
      • Mass Merchandiser
      • Value Added Resellers
    • Online
      • Company / Brand Websites
      • E-Commerce Websites
  • Sports Flooring Market by Region :

    • North Americas
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- Premium Report Details -

Sports Flooring Market
  • FACT324MR
  • Nov-2022
  • Sports
  • 170 Pages
  • 112 Tables
  • 98 Figures

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The global sports flooring market is currently valued at US$ 2,667.9 million in 2022.

Worldwide demand for sports flooring is anticipated to reach US$ 3,561.9 million by 2032-end.

During 2017-2021, sales of sports flooring increased at 0.5% CAGR.

North America leads the global sports flooring market accounting for 27.7% market share in 2022.

The indoor application area accounts for 61.0% market share of the global market in 2022.

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