by Ground protection mats are used on construction sites, event sites, environmental protection areas to provide a protective surface and prevent damage to the ground. They are light-weight, durable and easy to install which makes them suitable for temporary and permanent applications. The growth of the construction industry coupled with stringent safety and environmental regulations is expected to drive the demand for ground protection mats.
Key players operating in the ground protection mats market are Checkers-Safety, FODS, Markskydd i Väst AB/Ground Protection Mats. se, Groundtrax Systems Limited, Lodax – CGK Group, Newpark Resources Inc., Quality Mat Co., Signature Systems, TuffTrak – Justrite Safety Group, TVH Parts Holding NV, Singhal Industries, EZG Manufacturing, Isokon d.o.o., TVH Parts Holding NV, HERMEQ, Beck Products Ltd, YASU, Sandhill Plastics, Inc., Kingfisher Direct Ltd, and Sherrilltree.
The global ground protection mats market is estimated to be valued at US$ 2.74 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players: The major players are focusing on expanding their production capacities and geographical presence to capitalize on growth opportunities. For instance, in 2022, Checkers-Safety opened a new manufacturing facility in Mississippi to cater to growing demand from construction and energy industries in the US.
Key opportunities: Rapid urbanization and infrastructure development especially in developing countries of Asia pacific and Latin America is expected to boost adoption of ground protection mats over the forecast period. Furthermore, development of recyclable and eco-friendly mats using recycled plastic and rubber is gaining traction.
Global expansion: North America led by US currently dominates the global market. However, Asia Pacific is expected to witness highest growth throughout the forecast period owing to rising construction activities in countries like China and India. Major players are focusing on strengthening their distribution networks in Asia to capitalize on opportunities in the region.
Market Drivers: Stringent regulations regarding safety and environmental protection at construction sites especially in developed markets is a key factor driving sales. Rapid growth of temporary events industry globally has also increased usage of ground protection mats at venues. Additionally, increasing awareness about benefits of using mats such as reducing ground compaction is influencing adoption.
PEST Analysis
Political: Government regulations and standards related to worker safety at construction sites and military deployments drive the demand for Ground Protection Mats Market Growth. Regulatory bodies mandate the use of such mats to minimize damage to delicate surfaces and personnel injuries.
Economic: Volatility in the construction industry directly impacts the production and sales volume of ground protection mats. During recession periods, lesser investments in infrastructure development leads to reduced procurement of mats by builders.
Social: Growing concerns around safety in airports, events, and public places encourage the deployment of mats for crowd management and fall prevention. This fuels the adoption across various end-use industries.
Technological: Advancements in material science and manufacturing processes help producers launch mats made of durable, lightweight, non-slip materials. Some variants consist of modular, interlocking designs for faster installation and retrieval.
North America accounts for the largest share of the global ground protection mats market in terms of value. Stringent worker safety regulations enforced by bodies like OSHA have boosted the use of mats across industrial, commercial and infrastructure construction sites in the region.
The Asia Pacific market is expected to demonstrate the fastest growth during the forecast period. Factors such as rapid urbanization, growing tourism sector and infrastructure modernization programs underway in countries like China and India are stimulating product demand. Furthermore, entry and expansion of international players aids regional market expansion.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
