Smart Flooring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Smart Flooring Market
The smart flooring market size was valued at USD 151.7 million in 2022, and the market is now projected to grow from USD 230.1 billion in 2023 to USD 5,873.3 million by 2030, exhibiting a CAGR of 37.64% during the forecast period of 2024-2032.
The COVID-19 pandemic created sizable opportunities on the smart flooring market growth increase as curtailing covid19 outbreak became prioritized. The COVID-19 pandemic surged the call for clever home products, and interest regarding this merchandise elevated in the path of this era. According to a survey, round eighty% of clients have been blind to the clever home generation earlier than the pandemic.
The smart flooring market share globally has been contributed due to the growing cognizance of benefits of smart floors answers. IoT sensors have been popular in smart homes and homes, typically set up in systems or ceilings. However, with the modern-day advancements within the IoT era, users are becoming privy to the benefits of smart flooring.
Furthermore, there’s been a notable trend of smart floors across retail sector and kinetic dance floors. Smart flooring captures kinetic strength from human movement and reworks it into electrical energy. This generation is getting used to using dance flooring to generate power.
Comprehensive Analysis of Smart Flooring Market
The smart flooring market and information and communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information and communication technology industry. These segmentations are methodically segregated by types of components, end-user, and application. The components types include, Hardware, and Software. However, the end-user is such as Commercial, and Residential.
The North American region is conducive to the global smart flooring market, leading to a recall of USD 57.1 billion owing to emerging smart technologies. North America is likewise a prominent region for pinnacle activities, along with track fairs, sports leagues, and product or service launches, thereby boosting the scope of wise floor programs inside the vicinity.
The top players in the market play a crucial role in the information and communication technology industry assuring industrial prospectus growth and setting market standards. These players include, Pavegen (U.K.), Wixalia (France), Scanalytics Inc. (U.S.), Energy Floors (Netherlands), Future-Shape Gmbh (Germany), MariCare (Finland), Technis SA (Switzerland), and American Pro Marketing, LLC. (Smart Step) (U.S.) these market players provide a level-playing competitive landscape.
In February 2023, Warewell LLC announced that it had brought the anti-fatigue matting of Smart Step to its product portfolio. This will help Smart Step serve more markets and extend its reach in awesome countries. Industrialized and non-industrialized clients will benefit from Smart Step's lay-flat format, strong production, and shade series.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 58.9% from 2023 to 2030
Unit Value (USD million)
Segmentation By Component, End-user, Application, Region
By Component Hardware
Software
By End-user Commercial
Residential
By Application Healthcare & Rehabilitation
Gaming & Sports
Security
Retail
Smart Homes
Others (Malls, Event Centers)
By Region North America (By Component, By End-user, By Application)
- U.S.
- Canada
- Mexico
South America (By Component, By End-user, By Application)
- Brazil
- Argentina
- Rest of South America
Europe (By Component, By End-user, By Application)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (By Component, By End-user, By Application)
- GCC
- South Africa
- Rest of the Middle East & Africa
Asia Pacific (By Component, By End-user, By Application)
- China
- India
- Japan
- Singapore
- Australia
- Rest of Asia Pacific
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