The global construction mats market size was valued at US$ 1.3 billion in 2021 and is expected to reach US$ 2.1 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.
Construction mats are used to create a temporary surface and are often used when building or repairing roads, bridges, and other types of infrastructure. Wood and composite materials are common materials used to make construction pads. This type of paving is designed to provide a durable and safe surface for vehicles and workers during construction. Once the construction project is complete, the construction pads are usually removed.
The construction industry has grown rapidly over the past decade, with the United States, China, and India accounting for half of the global growth. Demand for residential and commercial real estate is growing due to population growth and the creation of new businesses and companies. Construction of healthcare facilities, social welfare programs, educational institutions, and retail markets all benefit from the expanding global economy.
Due to the high demand for housing and the tight deadlines, the construction industry needs to speed up construction to meet the demand in a timely manner. The use of construction mats in the construction industry not only ensures safety, but also creates a solid foundation for the normal operation of equipment, and improves the maneuverability of construction equipment on rough terrain. The continued growth in the construction industry is expected to promote the growth of the construction mat industry.
Developing regions such as Asia Pacific, Latin America and Africa are experiencing urbanization, economic growth and advances in mechanical technology. These developments are helping to improve work processes. Population growth rates are rapidly increasing in Asia Pacific and Africa, increasing the demand for infrastructure development and housing construction as the population growth rate exceeds the supply of housing. Most countries in both regions are developing countries experiencing rapid economic growth.
The growth of commercial, industrial, corporate and residential real estate is driven by economic growth in developing countries. Governments in developing countries are taking steps to improve infrastructure by improving roads, water supply, sanitation and providing positive experiences to citizens by building parks, health centers and community centers. For example, the Brazilian government invested $167.3 million in infrastructure construction in 2021. Economic growth in developing countries is driving the demand for machinery and safety equipment that facilitate progress. The growth of the construction mats market is expected to be driven by increasing awareness about the benefits of construction mats and increasing government investment.
Additionally, mat rental services have also expanded due to the growing demand for mats in various industries. Businesses in the event and construction industries require mats that can be used as needed and returned after use. Businesses can reduce the costs and commitments associated with purchasing mats by using leasing services. Additionally, rental services eliminate the need for shipping and reduce the need to store mats in corporate warehouses. As a result, the mat rental industry discourages businesses from purchasing new mats, thereby reducing overall mat sales. The decline in new mat sales hinders market expansion and hinders the growth of the mat market.
Moreover, one of the greatest threats facing the Earth is environmental degradation. The adoption of eco-friendly products by the market is a result of the negative impact caused by the accelerated rate of environmental degradation. Every year, 380 million tons of plastic are produced worldwide. The toxic compounds contained in it can pollute water supplies and cause various diseases in humans. Customers in many industries require building mats with low volatile organic compounds (VOCs), 100% recyclability, and a high-quality binder that does not require additional urea. Building mat manufacturers expect that the introduction of eco-friendly products to the market will open new opportunities in the building mat market and increase sales by highlighting the benefits of their products in the market.
The construction pads market is segmented by type, connection, application, and region. By type, the market is segmented into composite mats and wood-metal mats. By connection type, the market is segmented into tie-down mats and interlocking mats. By application, the market is segmented into temporary roads and working platforms. By region, the market covers North America (USA, Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia Pacific (China, Japan, India, South Korea, and rest of Asia Pacific), and LAC (Latin America, Middle East, and Africa).
The construction mat market is segmented into composite mats and wood and metal mats. Construction mats are made from high-density polyethylene (HDPE). They are often used in areas where traditional building materials cannot provide the same support, as they are designed to create a strong, level surface for construction projects. Construction mats are made from wood or metal and are used on construction sites as a temporary path or work surface.
These mats are typically made of metal or wood and are used at construction sites as a temporary work surface or walkway. At construction sites, these mats are often used to create temporary walkways or work surfaces. The composite mat segment is expected to be the largest revenue contributor during the forecast period and will also account for the highest CAGR among the construction mat segments during the forecast period.
The construction mat market is segmented into the linked and interlocking types. Linked construction mats are flat mats that are connected with bolts or hooks. The hooks also act as handles, making the mat easy to move and portable. Most of the construction mats in the market come with a linking feature, which is convenient to use and very popular in the construction industry. Interlocking construction mats are large pieces of mats that are fixed in size and do not have connectors to connect the mat to other parts.
Locking escutcheons have limited mobility as compared to connecting escutcheons as the product cannot be disassembled into individual components for movement. There is a small presence of locking escutcheons in the market as they can only be used in limited spaces depending on the size of the escutcheon. The lock segment is expected to be the largest revenue contributor during the forecast period, while connecting escutcheons are also expected to register the highest CAGR share in the connecting construction escutcheons segment during the forecast period.
The construction site market is segmented into temporary roads and work platforms. Temporary roads laid with the help of construction mats provide a strong, uniform surface to stabilize heavy equipment in difficult ground conditions or to provide access to certain areas. The use of temporary road construction platforms can solve problems on construction sites with uneven surfaces, uneven roads, large amounts of rocks and accumulation of water on the road. Work platforms are used to solve problems such as unstable ground, which can make the work on the site dangerous for both workers and equipment.
Construction mats provide a stable, well-engineered surface that can withstand the rigors of heavy-duty work while providing a safer work environment for construction workers. The temporary road segment is expected to contribute the largest share of revenue in the construction coatings application segment during the forecast period. The work platforms segment is expected to exhibit the highest CAGR during the forecast period.
The construction pads market forecast analyzes the regions of North America, Europe, Asia Pacific, and Latin America. North America recorded the highest revenue share in the construction pads segment in 2021. Asia Pacific is expected to register the highest CAGR during the forecast period.
Key players 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 acquisitions and new product launches as key development strategies to provide better products and services to customers in the construction gaskets market.
January 2022 — Fuji Electric Co., Ltd. expanded the Factory System Center at its Tokyo plant to strengthen the development of factory systems and manufacturing systems to expand its system business. The total construction area of ​​the new plant is 13,030 square meters. The expansion of the business is expected to create demand for construction gaskets.
In February 2021, Finland launched a national smart campus program that aims to upgrade and deploy 6G mobile networks in the Nordic country by 2030. This will also create a need for infrastructure development, thereby stimulating the market.
In November 2021, the digital magazine published by Archi Expo reported that “Curitiba, Brazil, will open its first public smart building in 2022,” and in December, the city hall began construction of the first 788 new homes under the program with an investment of US$10 million. Such construction work will require bricks and other building materials. This is expected to boost the brick making machine market.
April 2022 — Mitsubishi Electric has launched a new campaign to showcase how the company is addressing India’s social challenges in the areas of industry, infrastructure, living and mobility. According to the company, the first phase of the campaign will be the launch and gradual promotion of two digital videos, each 120 seconds long, on the topics of industry and infrastructure.
In February 2022, UR Linkage Co Ltd proposed a study plan to invest in a 2,000-unit Japanese-standard housing project in Siem Reap. These factors are expected to drive the residential property market during the forecast period. Thus, it will drive the demand for construction mats, thereby contributing to the growth of the construction mats market.
Calumet Harbor Lumber, Newpark Resources, Inc, Greatmats Corp., Quality Mat Company, WW Grainger, Inc., Lodax, Tangyin Sanyou Engineering Plastics Co., Ltd., Groundtrax Systems Ltd., Garnett Wood Products, Signature Systems Group, LLC
The global construction mat market has a huge demand in North America. The largest share of the North American market is due to the growing demand for the construction of residential and non-residential infrastructure facilities.
Construction mats are a type of temporary covering often used in the construction or repair of roads, bridges, and other types of infrastructure. The use of construction mats in the construction industry not only ensures safety but also creates a solid base for the normal operation of equipment and improves the maneuverability of construction equipment on rough terrain. The continuous growth of the construction industry is expected to contribute to the growth of the construction mat market. In addition, the rental of mats discourages companies from purchasing new mats, which in turn restrains the overall sales of construction mats. The decline in the sales of new construction mats is restraining the growth of the market. In addition, the emergence of eco-friendly products in the market is expected to provide an opportunity for construction mat manufacturing companies to increase sales by promoting detailed information about their products in the market.
The global construction mats market was valued at USD 1,053.9 million in 2021 and is expected to reach USD 2,263 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
The forecast period for the global construction mats market is 2022-2031, where 2021 is the base year, 2022 is the estimation year and 2031 is the forecast year.
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Key players 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.
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