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Sports Flooring Market

Sports Flooring Market

Sports Flooring Market Analysis by Product Type (Outdoor, Indoor Sport Flooring), by Material Type (Wood, Rubber, Polymeric), by End-Use (Commercial, Residential), by Sales Channel & Region - Global Forecast 2022-2032

Sports Flooring Market
FACT324MR
  • Mar-2022
  • List of Tables : 140
  • List of Figures : 114
  • 170 Pages
  • Sports

Global Sports Flooring Market Outlook

The global sports flooring market is estimated at USD 1.9 Billion in 2022 and is forecast to surpass USD 2.7 Billion by 2032, growing at a CAGR of 3.3% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 1.8 Billion

Estimated Year Value (2022E)

USD 1.9 Billion

Projected Year Value (2032F)

USD 2.7 Billion

Global Growth Rate (2022-2032)

CAGR 3.3%

North America Market Share in 2021

~26%

North America Growth Rate (2022-2032)

CAGR ~3.4%

Collective Value Share (U.S, China, India) 2022: Top 3 Countries

~42%

Top 5 Companies Market Share in 2021

~21%

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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2017-2021 Global Sports Flooring Market Outlook in Comparison to 2022-2032 Growth Forecast

A number of parameters are being well-thought-out while laying sports flooring and are laid after keeping numerous considerations in mind. For instance, the shock absorption reveals the quantum of impact usually absorbed by the floor and is basically measured in percentage.

Moreover, the sports flooring should withstand rolling load, face ball rebound which reveals how much the ball bounces, the slip resistance measuring level of the grip possessed by the surface, etc. The sports flooring with a lot of progress happening in technology and material science is leading towards a variety of synthetic surfaces and engineered timber etc. The above factors are estimated to provide a gain of 212 BPS to the global sports flooring market during the assessment years of 2022-2032.

Fact.MR projects the sports flooring market is expected to witness exhibiting growth at 3.3% CAGR during 2022 and 2032 in comparison to a CAGR of 2.0% with which it grew from 2017 and 2021.

Artificial Turf Flooring and Football to Drive Demand

Artificial turf flooring is used at multiple applications in football, indoor soccer, lacrosse, hockey, baseball, and gyms etc. Attributed to the versatility, durability, low maintenance and being weatherproof are some of the factors driving demand for artificial turf flooring.

Additionally, football is one of the chief application sector for global sports flooring market, which is likely to continue its dominance over the assessment period. Moreover, artificial turf flooring is primarily used in the football area. Sports flooring which is used in both indoor and outdoor applications, require the application of vinyl flooring to be used for indoor football. Therefore, these factors are likely to support sports flooring market demand by 1/5th of current levels during the forecast years of 2022-2032.

An Adaptive Approach to Modern-day Research Needs

Rise in Outdoor Applications Supporting Market Growth

Sports flooring is finding its enhanced usage in both outdoor and indoor applications in sports such as tennis, soccer lacrosse, baseball etc. It is able to withstand adverse weather conditions and not only provides traction but also shock absorbency features as well. The application of sports flooring in indoor applications is more expensive and difficult to maintain than outdoor application areas. Furthermore, the rise in investment in outdoor sports applications is estimated to boost the market growth of sports flooring by 1.8X over the assessment period.

Sports Hobbyists Fueling Product Demand

The escalating interest in indoor and outdoor sports and demand for sports and gym area is propelling the market demand for sports flooring. There has been an increase in number of health-conscious populations is leading to rise in number of sports hobbyists, thereby fueling sports flooring demand and growth.

Furthermore, the escalating infrastructural development and research & developmental activities have surged the demand for gym. Hence, these factors are estimated to uplift the market demand by 2.1X over the assessment period.

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Factors Restraining Market Growth

Sports flooring is made from wood, polymer, vinyl, linoleum and rubber etc. There exists sheet form with a form backing helping it to achieve an elasticity and mixed floor point. However, the fluctuations in the prices of raw materials is impacting the sports flooring market demand. The trend in pricing of raw materials is driven by the ups and downs in demand or supply, and if the prices of raw materials increases, there is a change in the pricing of finished goods as well. Therefore, the fluctuations in the pricing of raw materials is likely to restrict and hamper the market growth by 0.8X during the forecast years of 2022-2032.

Region-wise Insights

Which region accounts for more enhanced demand for Sports Flooring Market?

North America sports flooring market accounts for the largest market share of 25.7%. The region is projected to register a CAGR of 3.4% during the forecast years. Attributed to the rise in demand for sports flooring in multiple applications such as outdoor and indoor sports is to support market growth. Additionally, the significant rise in health awareness is creating additional demand for sports infrastructure. This, in turn, is expected to propel market demand in the region in coming years.

What is the market scenario in East Asia and South Asia & Oceania Sports Flooring Market?

The Asia Pacific region comprising of South Asia & Oceania and East Asia sports flooring market holds 20.1% and 21.2% of the overall sports flooring market, and holds 41.3% market share together. The East Asia and South Asia & Oceania sports flooring market is projected to grow at a CAGR of 3.6% and 3.9% during the forecast period of 2022-2032.

The growth of the sports flooring market is credited to the escalating demand in the construction industry. The rising acceptance and implementation of polyurethane-based flooring in the residential end-use is fueling market growth in the region. Moreover, rising urbanization coupled with rapid infrastructural development is leading to a surge in demand for the sports flooring market, expected to support market growth in coming years.

Sports flooring market forecast by Fact.MR

Category-wise Insights

Which product type holds dominant market share and is likely to show higher growth in Sports Flooring Market over the assessment period?

The sports flooring under product type is segmented into outdoor and indoor. The outdoor segment leads the market by holding 64.3% of the overall market share and is projected to register a CAGR of 3.5% during the forecast period. The demand for outdoor sports flooring is high as they are used in multiple sports such as soccer, football, baseball, and tennis etc. able to withstand adverse weather conditions. The next leading segment under the product type is indoor segment which hold 35.7% of the market share and is projected to witness a growth of 3.1% over the assessment period.

Which end-use segment is estimated to support market growth in the Sports Flooring Market during the forecast period?

Under the end-use segment, the sports flooring market is segmented into commercial and residential use. The commercial segment holds 57.1% of the overall market and is projected to witness growth of 3.4% in coming years. This is attributed to the rising investments in commercial centers such as sports clubs, gyms, community centers, government sports facilities, and recreational activity centers etc. The sports flooring used in commercial settings are larger and bigger in size than used in the residential segment, which is estimated to drive the global market in near future. While the residential segment holds 42.9% of the overall market share and is projected to grow at a CAGR of 3.1% during the forecast years of 2022-2032.

Competitive Landscape: Top Companies in Sports Flooring Market

The global sports flooring market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the manufacturing of sports flooring.

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

For instance:

  1. 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
  2. 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, support growth and expertise, especially in regions of North America and Europe

Global Sports Flooring Market by Category

  • By Product Type, Global Sports Flooring Market is segmented as:

    • Outdoor Sport Flooring
    • Indoor Sport Flooring
  • By Material Type, Global Sports Flooring Market is segmented as:

    • Wood
    • Rubber
    • Polymeric
  • By End-Use, Global Sports Flooring Market is segmented as:

    • Commercial
    • Residential
  • By Sales Channel, Global Sports Flooring Market is segmented as:

    • Direct Sales
    • Independent Sports Outlet
    • Mass Merchandiser
    • Value Added Reseller
  • By Region, Global Sports Flooring Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of sports flooring market is estimated to be worth over USD 1.9 Billion in 2022.
The demand is anticipated to surpass USD 2.7 Billion by 2032 end.
During 2017-2021, global sports flooring market grew at 2.0% CAGR.
Some of the prominent players in sports flooring market are Gerflor SAS, Tarkett SA, Forbo, Kiefer USA, Bauwerk Boen Group, etc.
North America tops the global sports flooring market accounting for 25.7% of global market share in 2022.
Outdoor sports flooring under the product type contributes 56.3% of market share in global sales of sports flooring.

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