Construction Mats Market to Reach $2.1 Billion, Globally, by 2031 at 4.6% CAGR: Allied Market Research

The construction industry's continuous expansion is anticipated to drive the growth of the global construction mats market.

PORTLAND, Ore., April 12, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Construction mats market by Type (Composite Mats, Wood and Metal Mats), by Connection (Linked, Locked), by Application (Temporary Road Ways, Working Platform): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global construction mats industry generated $1.3 billion in 2021 and is anticipated to generate $2.1 billion by 2031, witnessing a CAGR of 4.6% from 2022 to 2031.

Prime determinants of growth

The construction industry's continuous expansion is anticipated to drive the growth of the global construction mats market. However, the rental business for mats dissuades businesses from buying new mats, which is impeding the overall sales of construction mats. As a result, the market growth is being hindered. Nevertheless, the emergence of eco-friendly products in the market presents an opportunity for construction mats manufacturers to expand and pursue lucrative prospects during the forecast period.

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Report coverage & details:

Covid-19 Scenario

• Due to the COVID-19 pandemic and the subsequent global lockdowns, the construction mats market faced a downturn.
• However, as the global situation started ameliorating, the demand for construction mats was restored back. This, in turn, presented various growth opportunities for companies operating in the construction mats market.

The wood and metal mats segment to maintain its leadership status throughout the forecast period

Based on type, the wood and metal mats segment held the highest market share in 2021, accounting for more than two-thirds of the global construction mats market revenue and is estimated to maintain its leadership status throughout the forecast period, as rising urbanization is increasing the demand for construction mats in the building construction application. However, the composite mats segment is projected to manifest the highest CAGR of 5.5% from 2022 to 2031. This is because composite material offers advanced properties that increase the strength of the mats.

The locked segment to maintain its leadership status throughout the forecast period

Based on connection, the locked segment held the highest market share in 2021, accounting for nearly two-thirds of the global construction mats market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the rising demand for temporary road applications at construction sites such as building, dam, bridge and other sites. However, the linked segment is projected to manifest the highest CAGR of 5.3% from 2022 to 2031, owing to its simplicity to use for temporary roads and working platforms.

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The temporary roadways segment to maintain its lead position during the forecast period

Based on application, the temporary roadways segment accounted for the largest share in 2021, contributing to nearly two-thirds of the global construction mats market revenue, owing to rising urbanization increasing the demand of construction mats for building construction applications. However, the working platform segment is expected to exhibit the highest CAGR of 5.1% from 2022 to 2031 and is projected to maintain its lead position during the forecast period. This is owing to a rise in the demand for the stable working platform for industrial machines.

Europe to maintain its dominance by 2031

Based on region, Europe held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global construction mats market revenue, owing to the increasing industrial expansion and demand for construction mats for the stable working platform. However, the LAMEA region is expected to witness the fastest CAGR of 6.1% from 2022 to 2031 and is likely to dominate the market during the forecast period, due to the rapid  urbanization in developing countries such as Latin America, Middle East, and others in the region.

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Leading Market Players: -

• 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.
• W. W. Grainger, Inc.

The report provides a detailed analysis of these key players in the global construction mats market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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