Construction Mats Market Research: 2031
The Global Construction Mats Market size was valued at $1.3 billion in 2021, and is projected to reach $2.1 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.Construction mats are used to form temporary road surface, which is frequently used at sites such as building or repairing roads, bridges, and other kinds of infrastructure. Wood and composite material are some common materials used to make construction mats. During construction, this kind of road surface is intended to offer a sturdy and secure surface for vehicles and workers. When the building project is finished, the construction mat is normally taken off.
Construction industry has grown rapidly during the last ten years. Moreover, half of the world's growth is attributed to the U.S, China, and India. The demand for residential and commercial properties for housing is rising as a result of the growing population and the creation of new businesses and corporations. The construction of healthcare facilities, social welfare programs, educational facilities, and retail markets for consumers all benefit from the expansion of the world economy.
The construction industry is being required to speed up their procedure in order to meet the demand on time by the high demand for homes and the availability of little time. The use of construction mats in the construction industry not only offers safety, but also provides a firm base for the machinery to work properly and increases the mobility of construction vehicles in tough terrains. The ongoing growth of the construction industry is expected to boost the growth of the construction mats industry.
Urbanization, economic expansion, and technological advancement in machinery are all occurring in emerging areas including Asia-Pacific, Latin America, and Africa. These developments help to improve workflow. The population growth rates in Asia-Pacific and Africa are expanding quickly, which is raising demand for infrastructure development and residential construction because the population growth rates are outpacing the supply of housing. Most of the nations in these two zones are developing nations that are going through rapid economic expansion.
Commercial, industrial, corporate, and residential property growth is being fueled by the expansion of the economy of the rising nation. The governments of emerging countries are looking to improve the infrastructure by taking steps to improve the roadways, waterworks, sanitation and offer positive experiences to the citizen by building parks, health centers, and community centers. For instance, the Brazilian government has invested $167.3 million for 2021 for the development of the infrastructure. The growth of emerging countries is fueling the need for machinery and safety tools to boost progress. It is expected that with the rise in awareness about the benefit of construction mats and increasing investment by the government, is expected to foster the construction mats market growth.
Moreover, construction mat rental services have expanded because of the increased demand for them in various industries. Construction mats that may be used as needed and then returned after usage are sought after by businesses in the event and construction industries. Businesses can lower their costs and liabilities related to construction mat purchases by using the leasing service. Also, the rental service eliminates the requirement for transportation and decreases the need to store the mats in the business' warehouse. As a result, the mat rental industry deters businesses from making new mat purchases, which lowers construction mat sales as a whole. The market's expansion is being hampered by the drop in sales of new construction mats which is hindering the growth of construction mats market.
Furthermore, one of the biggest dangers to the planet is environmental degradation. The market acceptance of eco-friendly products is a result of the negative impact caused by the accelerating rate of environmental degradation. Every year, the globe creates 380 million tons of plastic, and the toxic compounds they contain poison the water, causing a number of ailments in people. Construction mats with minimal volatile organic compounds (VOCs), 100% recycling, and good-grade adhesives without additional urea are what customers in many industries are demanding for construction applications. Construction mat manufacturers anticipate that the introduction of an ecologically friendly product to the market will present construction mats market opportunity and chance to boost sales by emphasizing the benefits of their merchandise in the market.
The construction mats market is segmented on the basis of type, connection, application, and region. By type, the market is divided into composite mats, and wood & metal mats. By connection, the market is divided into linked, and locked. By application, the market is divided into temporary roadways, and working platform. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The construction mats market is categorized into composite mats and wood & metal mats. Construction mats are formed using high-density polyethylene (HDPE). They are frequently employed in places where conventional building materials would not be able to offer the same amount of support since they are designed to create a strong, flat surface for construction projects. Construction mats, made of wood or metal, are utilized in building sites to offer a temporary road or working surface.
These mats, which are normally constructed of metal or wood, are used in construction sites to provide a temporary working surface or road. In building sites, this kind of mat is generally used to create a temporary road or working surface. The composite mats segment is expected to exhibit the largest revenue contributor during the forecast period and also expected to exhibit the highest CAGR share in the by type segment in the construction mats during the forecast period.
The construction mats market is classified into linked and locked. Linked construction mats are flat pieces of mats that are connected through bolt connectors or hook connectors. The hook connector also serves as a handle that makes the construction mat portable as it can be easily moved. The majority of the construction mats available in the market come with linking features that provide ease to the user and are popular in the construction industry. Locked construction mats are large pieces of mats that come in fixed sizes and have no connectors present to attach the mat with other pieces.
The locked mats offer limited mobility compared to linked mats as the product cannot be dismantled into individual pieces for mobility. The availability of locked mats is low in the market as they can only be used in a limited space depending on the size of the mat. The locked segment is expected to exhibit the largest revenue contributor during the forecast period and linked also expected to exhibit the highest CAGR share in the by connection segment in the construction mats during the forecast period.
The construction mats market is divided into temporary roadways and working platform. Temporary roadways from construction mats provide a durable, uniform surface to stabilize heavy equipment on poor ground conditions or for access to particular environments. Construction sites with rough surfaces, uneven road, rocky, and waterlogged roads problems can be solved by using construction mats for temporary roads. Working platforms are used to solve problems such as ground instability which makes it dangerous for both workers and equipment to operate on-site.
Construction mats offer stable, designed surfaces that can withstand the rigors of heavy-duty projects while making work locations safer for construction employees. The temporary roadways segment is expected to exhibit the largest revenue share in the application segment in the construction mats during the forecast period. The working platforms segment is expected to exhibit the largest CAGR during the forecast period.
The construction mats market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America had the highest revenue in construction mats share. And Asia-Pacific is expected to exhibit highest CAGR during forecast period.
The major players profiled in the construction mats market include Calumet Harbor Lumber, Garnett Wood Products, Greatmats Corp., Groundtrax Systems Ltd., Lodax, Newpark Resources, Inc., Quality Mat Company, Signature Systems Group, LLC, Tangyin Sanyou Engineering Plastic Co., Ltd., and W. W. Grainger, Inc.
Major companies in the market have adopted acquisition and product launch as their key developmental strategies to offer better products and services to customers in the construction mats market.
Some examples of Expansion in the market
In January 2022 - Fuji Electric Co. Ltd expanded its Plant Systems Center at its Tokyo Factory to strengthen plant system development and production system to expand the systems business. The new facility accounts for a total floor area of 13,030-meter square. Business expansion is expected to create demand for construction mats.
In February 2021, Finland launched a national smart campus program to upgrade and deliver 6G mobile networks in the Nordic country by 2030. This will also create the demand for infrastructure development which in turn drives the market.
In November 2021, E-magazine published by Archi Expo, stated “Curitiba, Brazil to Inaugurate First Public Smart Building in 2022”, in December, City Hall started building the Program’s first 788 new housing units, investing $10 million. Such development activities will need bricks and other products for construction. This is anticipated to drive the growth of the brick-making machine market.
In April 2022 - Mitsubishi Electric launched a new campaign to highlight how the company is addressing India’s social challenges in the industry, infrastructure, life, and mobility. The launch and progressive promotion of two digital videos, each lasting 120 seconds, created with the themes of industry and infrastructure would be the first stage of the campaign, according to the business.
In February 2022, UR Linkage Co Ltd presented a study plan to invest in the construction of a 2,000-unit Japanese standard housing project in Siem Reap. Such factors are anticipated to drive the residential real estate market during the forecast period. Thus, this is driving the need for construction mats, which, in turn, is boosting the growth of the construction mats market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction mats market analysis from 2021 to 2031 to identify the prevailing construction mats Industry opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the construction mats market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global construction mats market trends, key players, market segments, application areas, and market growth strategies.
Construction Mats Market Report Highlights
Market Size By 2031
USD 2.1 billion
CAGR of 4.6%
2021 - 2031
Key Market Players
Greatmats Corp., Signature Systems Group, LLC, W. W. Grainger, Inc., Groundtrax Systems Ltd., Lodax, Newpark Resources, Inc, Garnett Wood Products, Quality Mat Company, Tangyin Sanyou Engineering Plastic Co., Ltd., Calumet Harbor Lumber
The global construction mats market witnessed huge demand in North America. The highest share of the North American market is attributed to increase in demand for infrastructure development in residential and non-residential construction.
For building or repairing roads, bridges, and other types of infrastructure, a construction mat is a sort of temporary road surface that is frequently employed. The use of construction mats in the construction industry not only offers safety, however, provides a firm base for the machinery to work properly and increases the mobility of construction vehicles in tough terrains. The ongoing growth of the construction industry is expected to boost the growth of the construction mats market. Moreover, the mat rental business discourages enterprises from purchasing new mats, hindering overall sales of construction mats. The decline in new construction mat sales has impeded the market growth. Furthermore, the availability of an environmentally friendly product in the market is expected to act as an opportunity for construction mat manufacturing companies to increase their sales by promoting their product's detail in the market.