Sports Flooring Market

Sports Flooring Market Outlook (2023-2033)

The global sports flooring market is estimated at US$ 2,746.13 Million in 2023 and is forecast to reach US$ 3,800 Million by 2033, growing at a CAGR of 3.3% from 2023 to 2033. According to an estimate, the sales of sports flooring are expected to account for nearly 11% of the total market share by 2023.

Fitness has gained a lot of attention recently, which is prompting people to spend more on fitness-related activities such as going to the gym, enrolling in Yoga courses, or taking dance classes. In various regions, gyms and personal fitness centers are increasing due to changing lifestyles, changing eating habits, and increased health awareness.

Private investors seem largely interested in the sports sector, which has led to more investment in world-class sporting facilities. Since five of the most prestigious professional sports associations in the world are present in the country, with the rest taking place in other parts of the world, it is anticipated that the North American market will grow steadily in the coming forecast period.

Report Attribute	Details
Anticipated Base Year Value (2022)	US$ 2,667.9 Million
Expected Market Value (2023)	US$ 2,746.13 Million
Projected Forecast Value (2033)	US$ 3,800 Million
Global Growth Rate (2023-2033)	3.3% CAGR
North America Market Share(2022)	29.7%
North America Market Value (2023)	US$ 742.5 Million
Europe Market Share (2023)	US$ 34.6%
Europe Market Value (2023)	US$ 873.3 Million
China Market Share (2023)	10.5%
China Market Value (2023)	US$ 257.5 Million
Expected Market Share of Top 3 Countries	39.4%
Major Sports Flooring Service Providers	Bauwerk Boen Group EPI Group Forbo Gerflor SAS Tarkett SA Conica AG Mondo S.p.A Polyflor Epufloor KTL Sports Floor Junckers Industrier A/S C.S.O Rubber REBOUND ACE INDIA PVT. LTD. Asian Flooring India Private Limited A One Wood Craft LLP Apex Sports Surfaces (I) Private Limited Hubei Jinlong New Decoration Materials Co. Ltd. Beijing Maunsell International Trade Co. Ltd. PLENDOR INDUSTRIAL COMPANY LIMITED BEIXIN RESILIENT FLOORING CO. LTD. AURA Action Floor Systems LLC Beka Sport Red Magma General Trading LLC MISTER SHADE ME Uniflor Sports Flooring LLC SOLERA Sports Floor Middle East Mediterranean Building Materials Parquet Flooring Raymond Sport Mondo S.p.A Others

Sales Analysis of Sports Flooring (2018-2022) Vs. Market Forecast Outlook (2023-2033)

According to Fact.MR, the market sports flooring exhibited a CAGR of 2.9% in the historical period 2018-2022. 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 are likely to help to gain more market reach for sports floorings.

In addition to its performance, sports flooring has to withstand rolling loads and face ball rebound, further boosting its demand on the global market. Engineered wood is becoming a popular synthetic surface for sports floors as a result of advancements in technology and material science. Based on the above factors, it is predicted that the global sports flooring market would experience a boom between 2028 and 2032, creating an absolute dollar opportunity of US$ 556.4 Million.

The increasing number of sports enthusiasts and the new materials being used in sports floors are also expected to drive demand. Additionally, increasing investments in research and development and infrastructure development are contributing to the growth of fitness center demand. Thus, the market for sports flooring is expected to register a CAGR of 3.3% in the forecast period 2022-2032.

How are Region-Specific Demands for Sports Flooring Driving High Demand Across the Industry?

Sports Flooring in Both Indoor and Outdoor Settings is Highly Sought After Due to the Growing Popularity of Sports

The sports flooring market is expected to continue to grow at a rapid pace during the forecast period due to an increase in the demand for sports flooring in a number of applications, such as indoor and outdoor sports in the regions. Further, the growth of the global sports flooring market can be attributed to the emergence of more sports facilities, particularly at universities and high schools, which contributes directly to the growth.

The global sports flooring market will be driven by an increase in health consciousness, outdoor and indoor sports interest, sports enthusiast, and technologically built new sports flooring with new materials are a few of the things that will drive the global sports flooring market during the forecast period. With their improved comfort and performance, sports floors have captured the attention of the sporting community. The region is expected to see an increase in demand for sports flooring over the forecast period.

It is noteworthy that the majority of customers prefer flooring that absorbs shock, that stands up to heavy rolling loads, and that resists slipping. The flooring materials comprise all kinds of things, which help to make them a sustainable choice which is another reason why they are in high demand in various applications. Residential and commercial buildings in a wide range of regions make heavy use of these products. The sports flooring market is expected to be driven by this factor in the near future.

Sponsorships and Expenditures by Corporate Entities are on the Rise

The U.S., one of the biggest markets for sports flooring is one of those countries that lacks a government-funded sports ministry that exists in other Olympic countries. Sponsorships and broadcast rights revenues are the main sources of income for the United States Olympic and Paralympic Committee. Moreover, the growing demand for signature sports flooring has also contributed to the market growth for sports flooring.

In addition, the vast majority of the corporation's revenue comes from its dozens of sports regulating bodies. Their flooring products are sourced from companies such as Horner Flooring, Tarkett, Robbins Sports Surface, and Mondo, among others, as well as giants such as Adidas, HP, Nike, Pepsi, AT&T, Puma, which have contributed to developing corporate sponsorships and steady funding for North American sports.

Additionally, Beynon (Tarkett) is the official supplier of Beynon (Tarkett) sports flooring products in Canada for Athletics Canada via Playtech. Countries and their sports governing bodies rely on corporate sponsorships as their major source of revenue, which in turn drives sales.

For instance, Diana Matheson, a former Canada midfielder, is launching a professional women's league in 2025 through her company Project Eight. According to Matheson, the CanWNT captain Christine Sinclair is slated to be an advisor for the league, as well as Vancouver Whitecaps and Calgary Foothills Soccer Club. The Athletic's Jake Matheson had several key details to share with its readers, including finances, broadcast, logistics, and other details, during a recent interview.

What are the Factors that Inhibit the Growth of the sports flooring Market?

Polypropylene, Artificial Turf, and others are among the raw materials liable to fluctuate in price which will affect the global sports flooring market. Profit margins are expected to be affected by the increased use of bio-based materials and foreign exchange fluctuations. Indoor courts and outdoor court surfaces both saw a decline in participation. Major sporting events were postponed or canceled, causing them to struggle.

The fact that XBOX or PS controllers have been used for online events has only added to the fantastic experience offered in such interactive events. Therefore, e-sports would increasingly take over the attention of youths, which would adversely affect sports flooring sales in the market.

A variety of materials are used in the manufacturing of sports flooring, including polyurethane, PVC, rubber, and polypropylene. Since these products are derived from crude oil, they contribute to air pollution. Exposure to these substances could lead to health problems. In terms of biodegradability, PVC flooring does not pose a problem, since landfills become a source of pollution as a result of its disposal. Furthermore, these products are made using crude oil, which is one of the most polluting industries. Environmental concerns will restrain the sports flooring market growth during the forecast period.

Start-Ups for Sports Flooring Market

Key start-up players in the sports flooring market such RunningBall, ‘betU Verse, 3Wires, and Others.

• 3Wires Media was founded in 2015, serves advertisers and publishers across devices. There are multiple formats, real-time statistics, global coverage, and robust targeting available to publishers. Advertising campaigns are ROI-based, dynamic, smartly targeted and offer advanced reporting for advertisers. A wide range of advertising inventory is supported, including banners, pop-unders, interstitials, and floor ads. The company's clients include eBay, Advertising.com, and Quisma. 120 million impressions are generated daily across 160 countries, according to the company.
• BetU founded in 2022, a casino and gambling lounge provider in the metaverse. A platform is offered by the company which allows users to visit virtual casino floors, bars, hotel rooms, NFT museums, entertainment complexes, and gaming lounges. A blockchain is used to run the transactions on the platform.
• RunningBall makes sports data available in real-time. Over 90,000 events are covered per year across seven sports by RunningBall's network of over 1,500 scouts, including Football, Basketball, Ice Hockey, Volleyball, Beach Volleyball, Handball & Snooker. A content scoreboard is also available, as are historical data, live odds, and trading floor data. The company's customers include media outlets and betting operators. A $153 million acquisition took placed by Perform Group in 2012.

Comparative View of Adjacent Sports Flooring Markets

Sports Flooring Market :

Attributes	Sports Flooring Market
CAGR (2023-2033)	3.3%
Market Value (2033)	US$ 3,800 Million
Growth Factor	Government support to promote sports in rural areas, as well as the increase in sports complexes and stadiums, will create demand for sports flooring.
Opportunity	Market opportunities are expected to increase due to the increasing demand for technological advancements and recyclable materials that are expected to be available in the market in the near future.

Outdoor Sports Flooring Market :

Attributes	Outdoor Sports Flooring Market
CAGR (2023-2033)	5.7%
Market Value (2033)	US$ 2.4 Million
Growth Factor	Introduction of new sports floors with new materials, there has been an increase in health-conscious people, an increase in outdoor sports, and an increase in sports hobbyists.
Opportunity	The building and construction industry continues to gain momentum in environmental sustainability and preservation. A growing number of countries around the world are embracing environmentally friendly solutions, this will provide lucrative opportunities in the market.

Regional Insights

How does the North American Sports Flooring Market Contribute to Substantial Revenue Growth?

North America holds the largest share of the sports flooring market with 29.7% during the forecast period. The industry is expected to grow at a CAGR of 2.6% through the projection period. Increasing demand across a variety of applications with regard to sports flooring is attributed to its ability to support the expansion of the market, including both indoor and outdoor sports activities.

Popular sports clubs like MLB, NFL, NHL, NBA, and NHL are present in the region, so the sports flooring market will also be strong in this region. Sport offers many advantages for both individuals and society. The number of people who are willing to participate in sports has also increased, which contributes to the need for sports infrastructure. Due to this, the ensuing years are expected to see an increase in demand for goods and services in the area.

Indoor sports complexes are becoming increasingly popular among the U.S. government and private organizations. In addition, the growing awareness of the importance of physical activity in maintaining good health is also expected to increase the number of indoor sports activities. Since the last few years, indoor sports have seen a significant increase in participation in the United States that is clearly demonstrating a positive trend.

Increasing income levels and higher spending on recreational activities are responsible for this phenomenon. The U.S. sports flooring market will be driven by this trend during the forecast period.

Which Asian Countries are expected to Make Significant Profits from the Sports Floors Market?

Asia Pacific's share of the global market for sports flooring is 34%, with the South Asia & Oceania region alone accounting for 13.4%, while East Asia alone accounts for 22.4% of the total global sports flooring market. According to estimates for 2023-2033, sports flooring markets in East Asia, South Asia, and Oceania are projected to grow at respective rates of 4.1%, 7.0%, and 6.3%.

With an ever-increasing demand in the sports infrastructure sector, the sports flooring market offers exciting opportunities. Polyurethane-based flooring is becoming more accepted and used in residential settings, which is driving growth in the region's flooring market. Furthermore, increased urbanization and rapid infrastructure development are driving demand for sports flooring, which is expected to drive market expansion in the future. As sports complexes and stadiums are built, along with the government's commitment to promote sports in rural areas, sports flooring will be in greater demand.

For instance, from August 4 to 6, 2022, Greater Noida will host Sport India 2022, the 10th edition of the India International Sporting Goods Show. The India Expo Centre will host one of the largest sports & fitness business expos in the country. ?A number of sports goods, sportswear and accessories, fitness, gym and rehabilitation equipment, and sports flooring will be displayed at the exhibition.

Category-Wise Insights

Which Application Area is Projected to Contribute the Most to Market Size in the Near Future?

Under product type, sports flooring is segmented into outdoor and indoor options. According to the projection, outdoor sports flooring applications will grow at a 2.9% CAGR over the next five years, with a market share of 41%.

Due to their durability and ability to withstand bad weather, outdoor sports flooring is utilized in a variety of activities. These activities include football, soccer, baseball, and tennis. As the second-largest category within the product type, the indoor sector holds 61% of market share and is forecast to grow by 3% in the next few years.

As a result of their high level of recyclability and shock absorption features, these floors are in high demand in the market for their quality and design. There has been an increase in the demand for open gyms in various developed regions that have contributed to the growth of this market. In the residential market, outdoor entertainment areas have become increasingly popular among millennial home buyers. Increasing disposable incomes and the popularity of patio entertainment areas are also driving demand for outdoor flooring solutions. In addition, the increase in public-private partnerships (PPPs) for infrastructure development entails favorable conditions for the outdoor sports flooring market to grow, as the building of infrastructure has become a significant focus area in recent years.

What Type of Material is Predicted to Support Market Growth in the Sports Flooring Market?

According to the material type, sports flooring can be classified into five categories: rubber, recycled rubber, wood, polymer, and fluid applied. According to the estimates, the wood floor segment represents 48.3% of the market and is expected to grow at a 2.4% CAGR during the evaluation period.

Wood is one of the structurally sound materials that the flooring industry has been demanding for many years now because of its attractiveness and the demand for unique, inimitable colors and patterns. Aside from the fact that wood sports flooring absorbs shocks and is easy to maintain, the market for wood sports flooring is expected to grow in the near future. Also, there is a high demand for wood sports flooring in India and other countries, especially for the indoor sports flooring market.

As linoleum floors are suitable for wet zones in sports centers, for instance, basketball courts and badminton courts that require high elasticity, the demand for wood material floors will increase in this market in the next few years. Natural materials such as wood flour, ground limestone, cork powder, pigments, jute, and linseed oil make the floor eco-friendly.

Market Competition

Among the leading market players, Bushnell Inc., Leupold & Stevens Inc., Burris Company Inc., Vortex Optics, and SAM Electrical Equipment Ltd. dominate the market. As a result of the presence of regional and domestic players, the global market is highly competitive and consolidated. Several marketing strategies have been employed by leaders such as collaborations, mergers, acquisitions, expansions, and partnerships.

To maximize their market positioning among customers, major corporations use innovative approaches to product development. Consequently, environmentally friendly sports floors have been integrated into sports, which are less toxic and do not compromise on quality.

• In December 2022, Ecore announced the addition of the Mod15 ShockPad to its Performance Modzilla System, a manufacturer of safe, ergonomic, and acoustic surfaces. Mod15 is an advanced athletic flooring system designed for extreme weight lifting and functional training applications. It is a 1-inch system offered by Ecore's Performance Modzilla athletic flooring system.
• The Furniture Today Industry Leadership Award has been presented to Wright's Furniture & Flooring. A gathering of furniture industry leaders gathered in Orlando to honor two retail companies that displayed leadership. In the category of $200 million sales or less, Wright's Furniture & Flooring has been recognized as one of two businesses demonstrating “best-in-class business practices, exceptional organizational performance, and adaptability to change.” Wright's Furniture won the award.

Key Segments Profiled in the sports flooring Industry Survey

• By Material Type :

  • Rubber Sports Flooring
  • Recycled Rubber Sports Flooring
  • Wood Sports Flooring
  • Polymer Sports Flooring
    • Polyurethane
    • Polyethylene
    • PVC
    • EPDM
    • Others
  • Fluid Applied Sports Flooring

• By Application Area :

  • Indoor Sports Flooring
  • Outdoor Sports Flooring
    • Running Tracks
    • Poured-in-Place (PIP)
    • Field
      • Tennis Courts
      • Basketball Courts
      • Volleyball Courts
      • Others
    • Others (Multipurpose Areas, All Other Applications excluding Field Sports)

• By Sales Channel :

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

• By Region :

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