Sports flooring should be laid after keeping a lot of considerations in mind. Some of the parameters that are to be considered while laying sports flooring is the shock absorption, which is the quantum of impact that is absorbed by the floor, usually measured in percentage. Also, the vertical deformation needs to be considered that is the average distance the floor deforms under impact, measured in mm. Also, sports flooring should be able to withstand rolling load. In addition, other factors that need to be considered while opting for a suitable sports flooring is the ball rebound, measuring how much a ball bounces off the surface of the sports floor and the slip resistance which measures the level of grip the surface possesses. Earlier, the obvious choice for a sports floor was solid timber. However, with a lot of progress happening in technology and material science, the sports flooring is moving towards engineered timber and a variety of synthetic surfaces.
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According to the assessment of FactMR, the global Sports Flooring Market is forecasted to reach a figure of about US$ 2,150 Mn in 2026 and is poised to exhibit a sluggish CAGR in the period of assessment.
North America Market Set to Dominate the Global Sports Flooring Market in Terms of Revenue
The market in North America is set to dominate the global sports flooring market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America sports flooring market is the most attractive market, growing at a sluggish CAGR over the forecast period.
Outdoor Product Type Segment Slated to Touch a Value of About US$ 485 Mn in 2026
According to the projections of FactMR, the outdoor product type segment is expected to reach a value of about US$ 485 Mn in the year 2026. This signifies a sluggish CAGR during the forecast period of 2017-2026. The outdoor product type segment is estimated to account for more than one-fifth of the revenue share of the product type segment by the end of the year 2017 and is expected to gain in market share by 2026 over 2017.
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Commercial End Use Segment to Exhibit a CAGR of More than 3% During the Assessment Period
According to the assessment of FactMR, the commercial end use segment is poised to touch a figure of about US$ 1,850 Mn in the year 2026. This signifies a CAGR of more than 3% during the assessment period from 2017 till the year 2026. The commercial end use segment is estimated to account for more than four-fifth of the revenue share of the end use segment by the end of the year 2017 and is projected to gain market share by 2026 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global sports flooring market through 2026, which include Gerflor SAS, Tarkett SA, Forbo, Kiefer USA, Bauwerk Boen Group, EPI group, Horner Sports Flooring, Signature Sports, Robbins Sports Surfaces, Aacer Flooring, SnapSports, Flexcourt Atheletics, Conica AG, Matsinc, KLIKFLEX FLOORING and Rephouse Ltd.
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Sports Flooring Market: Growing Demand to Impact Revenue Share during 2017-2026
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