Industry Background:
Gym Flooring is a term that is generally used for covering the floor with a permanent solution. This covering provides a level of comfort to the spaces and enabling them to look great. Gym floorings are the utmost important thing in the gym space that needs to be taken care of. This flooring helps the fitness people to choose their way of exercise in a gym and also provides them a comfortable platform for their exercise. For instance, the rising number of gyms across the globe, in turns drives the market for gym flooring.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | LG Hausys (South Korea), Armstrong (United States), Gerflor (France), Targett (France), Forbo (Switzerland), Polyflor (United Kingdom), Takiron (Japan), HANWHA (South Korea), Liberty (United States) and Horner (United States) |
According to AMA, the market for Gym Flooring is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rising Number of Gym Across the globe and Increasing Inclination of Private CompaniesToward Health Clubs for Fitness.
Globally, a noticeable market trend is evident Adoption of Rubber Gym Flooring Due to its Benefitting Properties Major Vendors, such as LG Hausys (South Korea), Armstrong (United States), Gerflor (France), Targett (France), Forbo (Switzerland), Polyflor (United Kingdom), Takiron (Japan), HANWHA (South Korea), Liberty (United States) and Horner (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2023,Three sports flooring providers have merged to create the Icon Group, a construction group that specializes in flooring and lockers for athletic facilities and surfaces for equine and other animal applications.
In April 2023,Leading specialist flooring manufacturer Pavigym will this week be using Germany’s FIBO 2023 event to launch BigJag - a new approach to surfacing that offers an innovative acoustic solution for the health and fitness industry.
Influencing Trend:
Adoption of Rubber Gym Flooring Due to its Benefitting Properties
Market Growth Drivers:
Rising Number of Gym Across the globe and Increasing Inclination of Private CompaniesToward Health Clubs for Fitness
Challenges:
Changing Trends in Floor Designs is a bit Challenging
Restraints:
High-Cost Associated with these Floorings and Issues Related with Installing these Floors
Opportunities:
Rapid Interest of People Towards Using Luxury Gym Spaces and Growing Urbanizations led Towards Building Gym Spaces in Commerical Areas
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Gym Flooring Market
- Analysis about New Entrants in Gym Flooring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Gym Flooring Study Sheds Light on
The Gym Flooring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Gym Flooring industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Gym Flooring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.