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The architectural domain has evolved robustly over the past couple of decades. And, in the world of sports and fitness, it is the flooring that forms majority of the architecture.
Sports floors not only add an element of design but also hugely contribute to the protection and safety of the athletes. Also, another important characteristic of these floors is that many of the high quality sports floors can last decades before they need to be replaced.
These also provide surface level for practicing and playing in indoors as well as outdoors areas. Sports flooring is durable, easy to install, and shock absorbent. Sports floorings include indoor sports flooring, outdoor sports flooring, indoor cricket flooring, sports court wooden flooring, basketball court wooden flooring, and badminton court wooden flooring. Also, sports flooring is ideal for different types of sports surfaces such as tennis courts, basketball courts, squash courts, gymnasium, group fitness, cardio fitness, and running tracks.
Global sports flooring market is anticipated to grow at a robust CAGR in the coming years.
The growth of this market is attributed towards major pertaining factors including the increase in number of gyms and yoga centers, the growing demand for sports amenities, especially in universities and high schools, the growth in public awareness about the link between physical activity and health, rise in participation in indoor sports activities, rise in the number of sports hobbyists, entry of new sports floors with new materials and increasing consumer spending on leisure activities such as sports, tourism etc.
Additionally, environment sustainability and protection is continuing to gain considerable attention across the building & construction sector worldwide, because of which, environment-friendly alternatives are gaining fast-paced adoption globally and the demand for safer sports floors is experiencing considerable growth. The global sports flooring market has witnessed substantial growth in the past decade mainly in the developing regions, wherein governments are increasingly allocating funds and investing for the development of indoor as well as outdoor sports facilities.
Moreover, whole of the sporting fraternity is witnessing new types of sports floors due to added comfort and performance of new variants of sports floors– a trend that is expected to gather further traction over the course of the five years or so. With government investments continuing to upscale, private investors have expressed considerable interest in the sports sector due to which, emphasis on the development of world-class sporting facilities has massively increased.
Furthermore, present trends across the sports and fitness arena indicate that the development of multi-purpose complexes has witnessed a substantial rise in various regions of the world and because of which, the demand for sports flooring has grown immensely.
Governments all across the globe are seen to promote sports events such as Olympics, FIFA World Cup, ICC Cricket World Cup, Wimbledon, and Basketball competitions and are also providing various scholarships, educational benefits, and job opportunities for sportspersons and related people. This is driving sport activities across the world.
However, PVC, polyurethane, rubber, and polypropylene are derived from crude oil, which leads to air pollution and pose a health risk to anyone exposed to them. Therefore, the rise in environmental concerns by the use of these materials in sports floorings is anticipated to restrain the market.
SPORTS FLOORING MARKET SEGMENTATION:
By End User:
By Distribution Channel:
North America has been dominating the sports flooring market for some time now and is expected to continue it’s up scaling in the near future as well. The consistent growth in the region can be majorly attributed to the significant rise in health awareness, increasing demand for sports flooring in various applications such as indoor and outdoor sports in the region etc. Also, as this region is the leading region in terms of sports activities in the world, the demand for sports flooring has grown tremendously in the past years.
FEW KEY PLAYERS IN SPORTS FLOORING MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global sports flooring market by the following segments:
- End User
- Distribution Channel
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Sports Flooring Industry Report
The report offers a comprehensive insight on the Sports Flooring Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.