Anti-Fatigue Mats Market Insights
The global anti-fatigue mats market has seen a historical CAGR of over 3% during the period (2015-2019), and is further projected to create a valuation of around US$ 190 thousand (Th) by 2030. The anti-fatigue mats market is poised to expand at a CAGR of over 4% during the forecast period (2020–2030).
Due to the ongoing COVID-19 outbreak, there has been an enduring impact on the consumer goods industry. This crisis has fundamentally changed consumer purchase patterns, and has accelerated immense structural changes in the consumer goods sector. Due to the COVID-19 pandemic, the anti-fatigue mats market has been affected due to reduced real estate activities. However, as the situation subsides, the market is anticipated to get back to normal growth.
Anti-Fatigue Mats Market Drivers
Time spent sitting is considered to have negative health outcomes. To avoid this, many companies are using active workstations and are adopting the usage of standing desks that provide a seamless transition from a sitting to a standing desk. To provide comfortable workstations and reduce fatigue among workers, official settings and various other commercial places are deploying anti-fatigue mats in their premises. Usage of anti-fatigue mats in combination with sit-stand desks provides a considerable amount of relief to employees who are using these desks for long durations.
Regional Analysis of Anti-Fatigue Mats Market
East Asia holds a major anti-fatigue mats market share, and is likely to maintain its position in the future as well. Rapid industrialization and the development of office spaces are key factors driving this regional market growth. The anti-fatigue mats markets in North America and Europe are likely to experience high growth in the future, due to increasing demand from commercial as well as residential buyers.
MEA is also likely to experience significant growth during the forecast period, owing to increasing awareness about the health problems caused due to prolonged standing at one place on a rough and hard surface. However, Oceania accounts for the smallest share in the global anti-fatigue mats market, and is likely to continue to remain the least attractive market for the consumption of anti-fatigue mats.
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Competitive Analysis: Moderately Fragmented Market Structure with Players Focusing on Product Improvement
The global anti-fatigue mats market is moderately fragmented in nature, with major players such as StarTech, M+A Mattings, Coba, and others accounting for over 15% market share. Companies are seeking to increase their sales through new product releases. In November 2018, U.S.-based SATECH, Inc. introduced smart cells with a trendy basket weaving surface - slim line anti-fatigue mats. Several leading manufacturers of anti-fatigue mats are concentrating on developing regions, as most countries are still highly unexplored. In addition, advanced regions have already adopted large-scale automation and IOT, which may discourage market players' development in these regions.
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COVID-19 Impact on Anti-Fatigue Mats Market
As the COVID-19 pandemic intensifies, anti-fatigue mat producers face continued downward demand, output, and revenues. In addition, many are facing problems of cash-flow liquidity and difficulties in handling debt obligations. As per Fact.MR estimates, the global anti-fatigue mats market is likely to experience a decline in the sales during 2020 amid the COVID-19 pandemic. However, the market is likely to awaken for future investments and opportunities after recovery from this pandemic, and will follow a positive growth trend from 2021 onwards.
The Analyst’s Viewpoint
“Workplaces are now undergoing dramatic shifts, due to which, demand for anti-fatigue mats is increasing with rapidly changing manufacturing environments. Businesses around the world also recognize value of the increasing trend in ergonomics, and are investing in the infrastructure needed to do so.”
Anti-Fatigue Mats Market: Scope of the Report
The anti-fatigue mats market report by Fact.MR offers forecast representation from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats influencing the expansion of the anti-fatigue mats market. A detailed segmental analysis, based on material, surface compatibility, length, design, end user, sales channel, and region has been provided in the report. The report also covers a chapter on the COVID-19 impact analysis, to arm stakeholders with the necessary information.
Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the anti-fatigue mats market. In addition, a section providing detailed analysis of key market players and strategies has been added.
Anti-Fatigue Mats Market – Scope of the Report
The anti-fatigue mats market is anticipated to witness notable upsurge during the forecast period of 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of the anti-fatigue mats market. This newly published and perceptive report sheds light on vital dynamics that are likely to affect the future of the anti-fatigue mats market space, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of anti-fatigue mats.
The global anti-fatigue mats market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of the anti-fatigue mats market. The report primarily conveys a summary of the anti-fatigue mats market, considering present and upcoming industry scenarios, to reveal striking sides relating to the acceptance of anti-fatigue mats across prominent regional markets.
A detailed assessment on a few anti-fatigue material suppliers accessible in the report allows report readers to obtain detailed findings that have resulted from supply chain analysis, business execution, and value chain analysis across regional markets incorporated in the report. A list of prominent companies functioning within the anti-fatigue mats market provided in the report enhances the reliability of this ample research study.
Anti-Fatigue Mats Market: Report Summary
The study offers a comprehensive overview on diverse features that are inducing demand, revenue generation, and sales in the anti-fatigue mats market across the globe. A comprehensive estimate on the anti-fatigue mats market has also been made accessible by experts, who have considered market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario, regarding the sales of anti-fatigue mats during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Anti-fatigue Mats Market: Segmentation
FactMR’s study has done the segmentation of the anti-fatigue mats market on the basis of material, surface compatibility, length, design, end user, and sales channel, across seven regions.
Less than 5 Feet
5 Feet – 12 Feet
13 Feet – 60 Feet
> 60 Feet
Anti-Fatigue Mats Market: Analysis on Market Size Evaluation
Predictions on the anti-fatigue mats market, encompassing current as well as forthcoming projected value estimates and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at regional and global scales for anti-fatigue mats are available in terms of value “US$ Mn” and volume “000’ Units”. A Y-o-Y growth contrast on prominent anti-fatigue mats market segments, along with market attractiveness valuation, computes the understandings brought in the report. Metrics mentioned above are also followed based on the applications of anti-fatigue mats where they witness steady demand.
Anti-Fatigue Mats Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on the anti-fatigue mats market, which delivers projections on regional markets. These chapters brighten the regional macros (political economic and business environment outlook), which are expected to have a significant impact on the growth of the anti-fatigue mats market during period of forecast.
Country-specific valuation on demand for anti-fatigue mats has been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of the dynamics of prominent regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Anti-Fatigue Mats Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of the anti-fatigue mats market, along with the profiles of major companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers who principally engaged in the production and supply of anti-fatigue mats has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to plan presumptive steps to advance their businesses.
Company profiles have been shared in the report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player with company policies identification and analysis. The company presence mapped and presented through the matrix for all prominent players in the anti-fatigue mats market offers readers with actionable intellect, which helps in thoughtfully presenting the market status and making decisive predictions on the competition levels in the anti-fatigue mats market.
Impact of COVID-19 on Anti-Fatigue Mats Market
The report includes a scenario-based assessment on the impact of COVID-19 across key regions for all four quarters of 2020. The report discusses market forecasts under optimistic, probabilistic, and pessimistic scenarios. Under these three scenarios, demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the COVID-19 impact has been benchmarked with previous crises, including sub-prime crisis, Eurozone crisis, and SARS pandemic.
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