Global Ground Protection Mats Market By Type (Thickness 10mm, Thickness 15mm, Thickness 20mm), By Application (Industrial Users, Commercial Users) and By Regions - Global Forecast 2030

“Global Ground Protection Mats Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global ground protection mats market has been segmented on the basis of product type, application, as well as regions and countries.

The Global Ground Protection Mats Market was valued at UЅD $1,629.3 Мn in 2020, and is projected to achieve a valuation of UЅD $2,315.6 Мn by 2030, at a САGR of 4.3%.

Overview:

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.

Dynamics:

The exponential increase in the number of construction activities being undertaken across the globe due to rapid industrialization and urbanization is expected to result in an increased demand for these protection mats as they are frequently used on construction sites to offer improved access and to prevent site cross-contamination. This is a major factor that is expected to continue to fuel the revenue growth of the global ground protection mats market over the next 10 years.

Moreover, these mats are being incorporated with innovative materials which lend them favorable characteristics such as improved chemical resistance, anti-slip, anti-microbial, as well as oil, grease, and water resistance properties. These features allow for enhanced comfort work environments and help reduce fatigue among workers. This is also a factor that is slated to further contribute to opportunities for market growth in the coming years.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global ground protection mats market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Furthermore, ground protection mats are far more expensive when compared to other cheaper alternatives available in the market. Small to medium businesses, especially operating in emerging economies, may not find these mats as a viable option. This is also a factor that may hamper the revenue growth of the global ground protection mats market in the foreseeable future.

Nonetheless, the steady expansion of various end-user industries across the world such as, petrochemical, construction, mining, as well as pipeline industries, more specifically in emerging economies, is a major factor that is anticipated to further augment revenue growth for the global ground protection mats market in the coming years.

Segmentation of the Global Ground Protection Mats Market is as follows:

In terms of type, the 15mm thickness segment accounted for the maximum number of revenue shares of the global ground protection mats market in 2020, and is expected to index a high CAGR over the forecast period. However, the 10mm thickness segment is anticipated to index the highest CAGR over the next 10 years.

With regards to application, the industrial users segment accounted for the highest number of revenue shares of the global ground protection mats market in 2020, and is anticipated to continue to do so over the next decade. The commercial users segment is also indicative of registering considerable revenue growth over the forecast period.

Regional Segmentation and Analysis:

The markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global ground protection mats market in 2020, and are indicative of remaining this industry’s front-runner over the next decade. The markets in Europe and North America accounted for the second-, and third-most number of revenue shares in 2020, and are expected to continue to do so over the course of the forecast period.

Segmentation of the Global Ground Protection Mats Market:

Segmentation by Product Type:

• Thickness 10mm
• Thickness 15mm
• Thickness 20mm

Segmentation by Applications:

• Industrial Users
• Commercial Users

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA