“Global Ground Protection Mats Market, By Product Type (Thickness 10mm, Thickness 15mm, Thickness 20mm), By Application (Industrial Users, Commercial Users), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Ground Protection Mats Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $1,964.1 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Ground protection mats are support equipment that are designed to offer traction and to protect its users from the ground below, and/or vice-versa. These mats are used in construction and other resource-based activities, including drilling rigs, tanks, camps, helipads, etc.
As a direct result of increased industrialization and urbanization levels being experienced, there has been an exponential increase in construction activities being undertaken across the world, which in turn, is anticipated to increase the demand for protection mats. This is a primary factor that is expected to boost opportunities for revenue growth of the Global Ground Protection Mats Market in the years to come. Moreover, various key industry players are now developing products that are manufactured using innovative materials, which have been proven to improve working conditions and aids in lowering fatigue among employees. This is another major factor that is slated to fuel the market growth of this global industry over the next decade. Furthermore, the steady expansion of several other end-use industries such as mining, petrochemical, as well as pipeline industries, especially in various emerging economies of the globe, is also expected to compliment the overall trajectory of this industry. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are some of the most crucial factors anticipated to play a critical role in augmenting projected revenues for the Global Ground Protection Mats Market to $2,315.6 Mn by 2029, at a CAGR of 4.3%.
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