USD 1.63 billion
Report ID:
SQMIG25J2031 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
79
Anti-Fatigue Mats Market size was valued at USD 1.63 billion in 2021 and is poised to grow from USD 1.71 billion in 2022 to USD 2.49 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).
Long periods of standing have an adverse effect on the body, causing discomfort, painful feet, and fatigue in the legs, hips, and knees. This effect is compounded by a number of factors, including the footwear worn by the workers and the type of flooring. These elements support the rising demand for anti-fatigue mats. Workers who stand for lengthy periods of time suffer foot problems and lower limb concerns as a result of their erratic work schedules and changing dietary habits among working-class professionals globally. Anti-fatigue mats can thereby reduce foot weariness by absorbing the impact experienced during a stroll. The commercial and industrial sectors both heavily utilise it. Several companies are implementing active workstations and standing desks that enable employees to transition from sitting to standing easily. The workplace is evolving as a result of business growth. In order to give their employees secure working environments, industries and businesses are investing extensively in infrastructure development. The manufacturing sector is expanding across the globe. Long-term employment in the manufacturing sector results in a host of health issues for employees as well as a decline in output and quality. The demand for ergonomic products like anti-fatigue mats is one of the factors driving the market growth.
US Anti-Fatigue Mats Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.63 billion
Largest Segment
Industrial
Fastest Growth
Industrial
Growth Rate
4.8% CAGR
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Global Anti-Fatigue Mats Market is segmented on the basis of Application Outlook, Distribution Channels, and region. By Application, the Anti-Fatigue Mats Market is segmented into Industrial, Commercial, Residential. By Distribution Channels, Anti-Fatigue Mats Market is segmented into Offline and Online. By region, the Anti-Fatigue Mats Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Anti-Fatigue Mats Market Analysis by Products
The industrial sector dominated the global market. Extended shifts on the shop floors of the industrial industry have increased the prevalence of a number of issues, including foot issues, joint discomfort, and cardiovascular disorders. So, the industrial facilities installed anti-fatigue mats as a preventative measure to limit the prevalence of these illnesses among employees. In order to create comfortable workspaces and reduce worker weariness, manufacturing organisations and a number of other business venues have begun implementing anti-fatigue mats on their premises. Those who utilize sit-stand workstations for extended periods experience great relief from anti-fatigue mats used in conjunction with these workstations.
The commercial segment held the quickest CAGR during the forecast period. To increase their market share, major players are also introducing new goods in this sector. For instance, a cater step red nitrile anti-fatigue mat with grease and oil-resistant properties was introduced by the UK-based company "First Mats.” The company created this anti-fatigue mat specifically for commercial kitchens, which is expected to create new opportunities over the forecast period. The major companies in the global market are making significant investments in product innovation and are actively engaged in research and development to deliver novel, higher-quality products that meet consumer demand while competing with those of competitors. Key firms have produced anti-fatigue mats in several shapes and patterns for usage in various industries, including the commercial use of rubber and PVC foamed mats.
Anti-Fatigue Mats Market Analysis by Distribution Channels
The offline channels dominated the global market. Anti-fatigue mats are most frequently purchased from small local businesses and supermarkets since these establishments allow for physical product inspection. As a result, in these shops, a customer can comprehend and experience the features of the products. The bulk product purchases made from manufacturing facilities and corporate businesses are also eligible for appropriate discounts at these retailers. Besides selling anti-fatigue mats, some shops also install them and provide after-sales assistance if there are any issues with their use.
The online market is predicted to develop the fastest at a CAGR from 2022 to 2030. The numerous promotional offers are driving the expansion of this market that e-commerce companies make to their customers. Online channels capture consumers' attention thanks to member advantages, discounts, and cashback options. Due to the simplicity of product selection, manufacturing facilities in developed nations like the US, UK, and Germany have been seen to prefer to make their bulk purchases online. B2B online retailers like Alibaba, eBay, Amazon, and IndiaMART reward customers with significant discounts and cash back when they make large purchases.
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North America dominated the global market. A sizable number of corporate and manufacturing facilities and the tenacious enforcement of safety standards by the government and industry associations contribute to market growth. People are becoming more interested in adopting a healthy lifestyle at home and at work due to the high expense of healthcare in the U.S. The demand for anti-fatigue mats will also rise over the forecast period as more employees experience limb problems and joint soreness issues as a result of long workdays in offices.
The fastest CAGR is anticipated for the Asia Pacific region between 2022 and 2030. Sales of anti-fatigue mats will increase as industrial companies flourish in order to provide workers with safety. In addition, the expanding disposable income of the youthful working population in developing nations like Bangladesh, South Korea, China, and India is projected to create new market opportunities for businesses looking to diversify their product offerings and increase the size of their customer base.
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Anti-Fatigue Mats Market Drivers
Growing awareness of workplace safety
Increasing prevalence of chronic conditions
Anti-Fatigue Mats Market Restraints
Limited effectiveness
Competition from alternative products
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To boost their earnings from the industry, a number of market participants are developing new products. To give one example, Wearwell, LLC introduced the ErgoDeck MAX anti-fatigue mat in their ErgoDeck product line for dry situations. Since most countries are still mostly unexplored, several leading anti-fatigue mat manufacturing companies are concentrating their efforts in developing regions. Additionally, it is anticipated that the increase of automation and the industrial sector would present businesses with significant expansion potential.
Anti-Fatigue Mats Market Top Player’s Company Profiles
Anti-Fatigue Mats Market Recent Developments
Due to the widespread adoption of portable workstations, there have been more industrial mishaps in recent years. Anti-fatigue mats have become more popular in industrial and commercial sectors to prevent such mishaps by improving grip, preventing slips and trips at the workplace, and lessening worker pain and weariness. A significant factor driving the growth of the worldwide anti-fatigue mat market is the widespread implementation of anti-fatigue mats in various industries to lower the risk of accidents. Anti-fatigue mats are available in a variety of designs, including drainage and interlocking for different surfaces.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global anti-fatigue mats market analysis, the market is experiencing significant growth due to increasing awareness of ergonomic tools and equipment benefits in the workplace. Several factors are driving the growth of the global anti-fatigue mats market, including the rising prevalence of chronic conditions such as arthritis, back pain, and obesity, which can be exacerbated by prolonged standing. Additionally, there is a growing awareness of workplace safety and the importance of providing employees with ergonomic tools and equipment to promote their well-being and productivity. However, several restraints could affect the growth of the market, including limited effectiveness, competition from alternative products, and the high cost of some anti-fatigue mats. Overall, the global anti-fatigue mats market is expected to continue to grow in the coming years, driven by the increasing demand for ergonomic tools and equipment in the workplace, as well as the growing awareness of the benefits of anti-fatigue mats in reducing the risk of injury and improving worker comfort and productivity.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 1.63 billion |
Market size value in 2030 | USD 2.49 billion |
Growth Rate | 4.8% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Anti-Fatigue Mats Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Anti-Fatigue Mats Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anti-Fatigue Mats Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anti-Fatigue Mats Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-Fatigue Mats Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG25J2031
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