Global Sports Flooring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sports Flooring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Sports Flooring market finds that the global Sports Flooring market reached a value of USD 850.93 million in 2022. It’s expected that the market will achieve USD 1216.11 million by 2028, exhibiting a CAGR of 6.13% during the forecast period.

Tight supply of raw materials

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 14 million. Different industries are affected differently by the epidemic situation. The impact on Sports Flooring is mainly reflected in the supply of raw material and Downstream market demand.
Affected by COVID-19, logistics will be suspended, and the supply of raw materials for Sports Flooring will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses.

Downstream demand decline in a short time

For the Sports Flooring market, the most direct impact is undoubtedly the sharp decline in sales in recent months. Due to the greater risk of contracting COVID-19, People are more willing to stay in a safe place and reduce the number of movements. This has a direct impact on the offline sports training and fitness business. Secondly, due to the global outbreak of COVID-19, a number of sports events around the world have been cancelled or suspended, the European Cup and the Tokyo Olympic Games have been postponed, and the global sports events have been basically suspended. All kinds of football matches at all levels, skating matches, national badminton matches, WCBA league and so on have also pressed the pause button one after another. As a result, the supply quantity of domestic and foreign sports events has dropped sharply, causing shock to the sports event industry and having a great impact on the economy and society. All this has affected the demand for the Sports Flooring in the Sports site.

Strength

As the country continues to attach importance to sports, the development of sports is also constantly improving. Indoor sports venues all over the world are growing like mushrooms after a rain, especially after large-scale sports events (such as the Olympic Games) are successfully held. Greatly promoted the rapid development of the sports industry. Among them, the sports floor of the stadium laid by the major sports venues is the most rapidly developing industry. The state's investment in sports facilities has greatly increased, which opens up a broad prospect for the sports floor market of the stadium. In particular, the demand for the sports floor of the stadium with high standards, high quality and high specifications is increasing day by day.

Weakness

At present, in some developing countries, such as China, there are few professional sports wood flooring manufacturers that can truly meet international standards. Some domestic sports wood flooring manufacturers simply imitate foreign professional sports wood flooring in the basic structure, so there are still some gaps in the main performance and quality; some manufacturers originally only produced general wood flooring, and later transformed production. The sports wooden floor is just a simple increase in thickness and keel on the basis of the original structure, without professional design and process demonstration at all. Therefore, under the premise of no national standards, domestic sports wood flooring manufacturers lack scientific and systematic professional design theory as a basis, and they do not have advanced technical processes and professional manufacturing equipment. The performance and quality of the sports wood flooring they produce There is a big gap between the requirements of professional sports wood flooring. International large-scale solid wood sports flooring manufacturers were established very early, and many of them are quite large-scale. The performance and quality of the sports wooden flooring produced are much better than domestic ones. Therefore, there is still a big gap between countries in terms of production quality.

Region Overview:

Geographically, Europe held the largest market share – 32.93% in 2022.

Company Overview:

Gerflor is one of the major players operating in the Sports Flooring market, holding a share of 14.66% in 2023.

Gerflor

Gerflor manufactures home improvement products. The Company offers flooring, wall covering, slabs, blades, rolls, stairs, renovation items, and other goods.

Tarkett

Tarkett Sports is a market leader in Sports flooring. Tarkett Sports has the knowledge and expertise to make your father Sports facility a success. With a variety of materials to choose from, they have the right products to fit the performance needs of your facility.

Segmentation Overview:

Among different product types, Wood Sports Flooring segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sports Flooring market covered in Chapter 3:

Mondo
Aacer
Takiron
Gerflor
HARO
James Halstead
Horner
Armstrong Flooring
Junckers
Shijiazhuang Enlio Sports
Merry Group
Robbins
BOEN
Forbo
Dalian Qiansen
LG Hausys
Polytan
Tarkett
Limonta Sport

In Chapter 4 and Chapter 14.2, on the basis of types, the Sports Flooring market from 2018 to 2029 is primarily split into:

Vinyl Sports Flooring
Wood Sports Flooring
Rubber Sports Flooring
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sports Flooring market from 2018 to 2029 covers:

Commercial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)