The global Anti-Fatigue Mats Market size is projected to touch USD 2.1 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 5.1% during the forecast period. Growing health concern owing to prolong working hours is attributing to the growth of the anti-fatigue mat market. Anti-fatigue mats provide relief against different health problems such as foot problems, joint pain and improper blood circulation. These problems can be greatly avoided by anti-fatigue mats as they ensure regular movements of the foot.
The industrial segment accounted for USD 770.0 million in revenue in 2018. Various end-users of anti-fatigue mats include textile industry, wood & paper mills, grinding industries and food processing industries where employees are required to work in standing position for a longer duration. These companies install anti-fatigue mats to ensure the safety of employees as these mats help in preventing accidents. Further, the growing occurrence of various health issues among employees is estimated to drive the sales of these products over the forecast period.
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The online sales channels are projected to grow at the fastest pace with an expected CAGR of 5.5% over the forecast period. Growing bulk purchasing of products through B2B channels is bolstering the growth of this segment. Online portals provide a wide variety of product to choose from. Further, various benefits such as discounts, product comparison and easy delivery services provided by these sales channel attract a large number of the consumer base.
In 2018, North America held the largest share and accounted for an overall revenue of USD 553.4 million. Presence of various leading manufacturers coupled with growing demand from different manufacturing units are driving the regional growth. Further, stringent regulatory guidelines regarding workers safety are making it mandatory for end-user industries to invest in these safety products.
Major players operating in the anti-fatigue mats market include 3M, Wearwell, COBA Europe Ltd, SmartCells USA, Smart Step Flooring, NoTrax, M+A Matting and Mountville Mills, Inc. among others. These players are emphasizing on several strategic initiatives such as new product launch, merger & acquisition and expanding their business presence.
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Further key findings from the report suggest:
• The industrial application segment occupied a significant market share and accounted for a revenue of USD 777.0 million in 2018.
• Commercial segment is likely to grow at a CAGR of 5.6% over the forecast period, 2019 to 2025.
• Offline sales channel accounted for USD 1.2 billion in 2018 while online sales channel is projected to grow fastest with a CAGR of 5.5% over the forecast period.
• North America accounted for USD 553.4 million of revenue in 2018.
Million Insights has segmented the global anti-fatigue mat market on the basis of application, distribution channel, and region:
Anti-fatigue Mats Application Outlook (Revenue, USD Million, 2015 – 2025)
Anti-fatigue Mats Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
Anti-fatigue Mats Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• South Africa
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