Growing Popularity Towards Sports Activities Is Expected to Drive the Growth of the Global Sports Flooring Market

 Sports flooring involves specialized flooring solutions made for athletic and sporting events. These flooring options consider shock absorption, traction, and ball bounce, as they are engineered to offer safety, performance, durability, and comfort for athletes. Indoor sports facilities such as gyms, arenas, multipurpose halls, and fitness centers frequently have sports flooring installed.

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There are many types of sports flooring, including rubber, hardwood, and synthetic materials. Basketball courts frequently have hardwood sports flooring installed as it provides great ball bounce and player traction and is frequently made of maple or oak. PVC or vinyl synthetic sports flooring is adaptable and can be tailored to different sports activities. Rubber sports flooring is popular for indoor tracks, weightlifting areas, and aerobic studios, known for its shock-absorbing qualities.

Data Bridge Market Research analyzes that the Global Sports Flooring Market is expected to grow at a CAGR of 4.6% in the forecast period of 2023 to 2030 and is expected to reach USD 19,093.06 million by 2030. Growing sports infrastructure in emerging countries is expected to create an opportunity for market growth.

Key Findings of the Study

The growing popularity of sports activities is expected to drive market growth

Sports participation is rising among people of all ages and socioeconomic classes. Consequently, the increasing popularity of sports activities worldwide is a major factor driving the market growth. There has been a significant increase in the demand for appropriate and high-quality sports flooring solutions as more people participate in sports and leisure activities.

The impact of professional sports and athletes has significantly boosted the popularity of sports. Major leagues such as the IPL, NFL, and NBA, as well as high-profile sporting events such as the Olympics and FIFA World Cup, and ICC World Cup, draw the interest and admiration of millions of audiences worldwide. People are motivated to play sports recreationally or competitively because of the extraordinary accomplishments and athleticism displayed by these athletes, and they do so to be like their sporting idols. Therefore, there has been an increasing trend among people regarding sports, boosting the launch of new initiatives and generating more revenue from existing activities.

For instance,

• In November 2022, according to The Associated Press., over four years of commercial agreements related to the Qatar 2022 World Cup, FIFA perceived record revenues of USD 7.5 billion. FIFA's cash reserves will increase despite the COVID-19 pandemic to about USD 2.5 billion
• In August 2022, one of the top life insurance companies in India, PNB MetLife, launched the PNB MetLife Junior Badminton Championship 2022 (JBC), which will take place in 12 different Indian states under the sponsorship of 12 State Badminton Associations. Since launching this popular sporting event in 2015 to develop the sport for young talent, PNB MetLife has sponsored it six times
• In July 2022, the U.N. launched Football for the Goals, a new initiative by the Organization that offers a platform for the international football community to engage with and advocate for the Sustainable Development Goals, on the first day of the Union of European Football Associations (UEFA) Women's EURO 2022. UEFA, which launched its sustainability strategy called "Strength through Unity" in December 2021 with a focus on human rights and the environment, joins the effort as its first member
• In June 2021, according to the article published by RISINGKASHMIR., Sports are becoming increasingly popular in India. Field hockey, American football, and badminton are a few of the sports that are becoming more and more popular. This sort of growing popularity will help the global sports flooring market to grow in Indian territory as products like running tracks, artificial turfs, wooden and PVC flooring will come into high demand

These sorts of initiatives and trending sports culture among people accelerate the need for good quality infrastructure associated with sports flooring products. In addition, the development of social media and digital platforms has also boosted the popularity of sports. Sports enthusiasts now have a place to connect, share experiences, and foster a sense of camaraderie thanks to online communities and platforms devoted to various sports. People have been encouraged to participate in sports due to this virtual interaction because it is now simple for them to access training materials and information and connect with others who share their passion.

Moreover, the growth of organized sports events at the amateur and professional levels has contributed significantly to the market's upward trajectory. The increasing number of sports tournaments, leagues, and competitions, coupled with the rising viewership and fan base, has created a surge in demand for state-of-the-art sports facilities with premium sports floorings. Sports flooring is pivotal in providing an optimal playing surface, ensuring player performance, and gaining substantial traction in the global sports flooring market.

Report Scope and Market Segmentation

Segment Analysis

The global sports flooring market is segmented into six notable segments based on type, application, sports, end-use, construction type, and sales channel. 

• On the basis of type, the market is segmented into six rubber flooring, PVC flooring, Wood Flooring, artificial turf flooring, polyurethane flooring, and polypropylene flooring.

In 2023, the rubber flooring segment is expected to dominate the global sports flooring market

In 2023, the rubber flooring segment is expected to dominate the market with a market share of 21.20%, growing with the highest CAGR of 5.2% in the forecast period of 2023 to 2030. The rubber flooring segment is expected to dominate the market due to increasing numbers of gym openings and gym demands.

• On the basis of application, the market is segmented into indoor and outdoor.

In 2023, the indoor segment is expected to dominate the global sports flooring market

In 2023, the indoor segment is expected to dominate the market with a market share of 78.01%, growing with the highest CAGR of 4.7% in the forecast period of 2023 to 2030. The indoor segment is expected to dominate the market due to the increasing sports club openings, safety from the weather, and artificial environment maintenance.

• On the basis of sports, the market is segmented into gym, basketball, badminton, tennis, football, dance and aerobic studio, track and field, volleyball, and others. In 2023, the gym segment is expected to dominate the market with a market share of 21.30%, growing with the highest CAGR of 5.2% in the forecast period of 2023 to 2030
• On the basis of end-use, the market is segmented into commercial and residential. In 2023, the commercial segment is expected to dominate the market with a market share of 86.34%, growing with the highest CAGR of 4.6% in the forecast period of 2023 to 2030
• On the basis of construction type, the market is segmented into renovate/maintained and new construction. In 2023, the renovate/maintained segment is expected to dominate the market with a market share of 81.24%, growing with the highest CAGR of 4.6% in the forecast period of 2023 to 2030
• On the basis of sales channel, the market is segmented into direct sales and sports outlet. In 2023, the direct sales segment is expected to dominate the market with a market share of 83.48%, growing with the highest CAGR of 4.7% in the forecast period of 2023 to 2030

Major Players

Data Bridge Market Research recognizes the following companies as the major market players in the global sports flooring market that include Junckers Industrier A/S (Denmark), Hebei Boker New Material Tech Co. (China), FAB FLOORINGS INDIA (India), FLEXCOURT (U.S.), Sika AG (Switzerland), Tarkett (France), Sunzone Corporation (India), Costa Sports Systems Pvt. Ltd. (India), Gerflor, Forbo Group (Switzerland), EPI Group (Netherlands), Horner Sports Flooring. (U.S.), Asian Flooring India Private Limited (India), INDIANA SPORTS INFRA (India), King Arthur Industries Co., Ltd. (Taiwan), SnapSports (U.S.), CONICA AG (Switzerland), KLIKFLEX FLOORING (Croatia), Rephouse Ltd (Hong Kong), LX Hausys (Korea), Frogg Sports Infrs Pvt. Ltd (India), AMAZING FLOORS (India), Abacus Sports (U.S.), Hamberger Industriewerke GmbH (Germany), SHREEJI WOODCRAFT (India), KTL SPORTS FLOORING (Malaysia), Ecore International (U.S.), and KTR International (India)  among others.

Recent Developments

• In July 2023, Tarkett launched PureGrain, a breakthrough that is slated to completely alter the landscape of sporting fields. This ground-breaking product, made from maize cobs, not only represents a big step towards a greener future, but it also offers great performance for athletes of all skill levels. This kind of product launch has helped the company to broaden its product portfolio and gain a new consumer base
• In April 2023, the company declared the release of six new maple designs. These Taraflex designs are incredibly lifelike and replicate our Connor maple strips while simulating the most prestigious flooring in the NBA. This kind of product launch will help the company to gain a competitive edge in the market.
• In April 2023, the company participated in World's Leading Trade Fair for Architecture, Materials and Systems in the construction industry in Munich. This sort of participation helped the company to get a larger consumer base and comprehend the competition in the market.
• In September 2021, building and interior design materials manufacturer LX Hausys joined a bid to acquire a stake in furniture company Hanssem. LX Hausys reported that it plans to invest 300 billion won (USD 259 million) in a special-purpose company formed by IMM Private Equity (PE). Hanssem manufactures flooring, doors, and windows. With this acquisition, LX Hausys is expected to strengthen its presence in the local interior design market using the synergy between the two companies.
• In 2021, The international governing body of basketball, FIBA, and Junckers Industier A/s entered a long-term agreement under which Junckers will provide wood flooring globally by the year 2024. This agreement is helping the company to generate a stable turnover and gain a new consumer base by promoting its brand image.

Regional Analysis

Geographically, the countries covered in the global sports flooring market are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest of Europe, China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, U.A.E., Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

As per Data Bridge Market Research analysis:

North America is expected to dominate the global sports flooring market and is expected to be the fastest-growing region in the global sports flooring market during the forecast period 2023-2030

North America is expected to dominate the market with a significant growth rate and the highest market share due to the presence of a large number of operating major players in the region and the increase in initiatives such as acquisitions, collaborations, and product launches by manufacturers to distribute their products efficiently to the consumer.

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