Global Foam Flooring Products Market Size, Status, Growth, Revenue & Report Forecasted by 2027: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of foam flooring products market. The study is titled as “Foam Flooring Products Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2027”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2027. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global foam flooring products market.
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Changing Fitness Flooring Trends to Create Demand for Foam Flooring Products
Attributing to the increasing awareness about health among consumers, health and fitness industry has envisaged excellent growth over the past few years. An American non-profit organization conducted a survey in 2016, which stated that over 200,000 fitness centers provided fitness services to more than 160 million consumers across the globe. In the U.S., the number of health club members is likely to surpass 70 million in 2018, which reflects a growth of more than 30% in the past decade. With the growing number of fitness enthusiasts, health club businesses are following the latest trends in the fitness industry to attract more consumers. Using foam flooring in health clubs and gymnasiums is one of the most popular flooring options available in the market as it has been a huge hit in the fitness industry. It is the primary driving force that is triggering the growth of the foam flooring products market.
Fitness coaches and health club owners are shifting to foam flooring products in order to leverage a huge number of benefits they offer in various fitness applications. Foam flooring products such as interlock tiles and yoga mats are among the most extensively used products in fitness applications. As consumers and fitness professionals prefer the comfort and excellent shock absorbing properties that foam flooring provides throughout their exercise routine. In addition, foam flooring mats are cost-effective and easy to clean, which makes them the most preferred choice among fitness enthusiasts. Not just in commercial health clubs, but consumers are using foam flooring products in home gyms as well. Increasing number of commercial health clubs, health club members, and consumers following home workout regimes is complementing the growth of the foam flooring products market.
Benefits of Foam Flooring Over Rubber Flooring to Generate Opportunities for Manufacturers
Owing to its excellent durability and ability to withstand heavy weights, rubber flooring products are one of the popular choices among health club businesses and are used extensively in commercial settings. Although, because virgin rubber is expensive, rubber flooring products cost much more than foam flooring products. Consumers are preferring cost-effective and easy-to-maintain foam flooring products over expensive and thermally unstable rubber flooring products, which is influencing manufacturing strategies of market players in the flooring industry. Also, foam flooring products are used in a wide range of applications such as kids’ playground areas and other industrial applications, which is further complementing the growth of the foam flooring products market.
Owing to the increasing demand for foam flooring products, market players are making use of innovative raw materials to improve physical properties of these products. Market players are also investing in R&D to improve the durability of foam flooring products as well as to make them susceptible to punctures and scratches. For an instance, leading manufacturers in the foam flooring products market are using Ethylene Vinyl Acetate (EVA) foam to produce softer yet durable products. In addition, EVA foam is BPA-free and non-toxic, which makes it safe for the use in children’s playroom applications. As EVA foam can absorb noise, this gives it unique properties and ultimately, foam flooring products made of EVA foam can find numerous unique applications across various industrial sectors.
Getting Certifications and Product Innovation to Remain Popular Trends in the Foam Flooring Market
The National Floor Safety Institute (NFSI) states that over 8 million Americans visit emergency rooms due to an accidental fall each year, out of which around 33,000 succumb to death. Increasing risks associated with slips and falls due to defective flooring products are triggering manufacturers in the foam flooring market to product slip-preventive flooring products. Leading manufacturers in the foam flooring products are using unique raw materials with a high degree of slip resistance to produce wet slip-resistant foam floorings and gain a certification from the NFSI. Also, most market players are following environment-friendly practices while performing various manufacturing processes to gain the LEED certification developed by the US Green Building Council. Gaining such various certifications is helping leading manufacturers to offer foam flooring products with integrity. It can ultimately help them to gain a competitive edge in the foam flooring products market in the upcoming years.
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