Ground Protection Mats Market was valued at USD 498.2 million in 2022 and is expected to grow at a 4.3% CAGR from 2023 to 2029. The ground protection mats are used as temporary roadway over uneven roadways, hard surfaces, or soft fields. These mats are used in preventing the damaged caused to the surface due to the heavy machineries. The ground protection mats are long lasting weatherproof and reusable and also available for different types of loads. They are usually used in construction sites and resource-based activities such as mining and drilling rigs. Thus, the growing number of construction projects across the globe and increasing concern regarding the safety of passage for transportation, mechanics, and equipment at manufacturing facilities are expected to drive the growth of the ground protection mats market over the forecast period.
In addition, the increasing demand for interim roadway mats along with the increasing number of weddings, concerts, athletic events, stadiums and other outdoor events are expected to boost the growth of the ground protection mats market at a significant rate. Furthermore, factors such as, the ground protection mats can also be used to create a temporary road, or automobile turnaround to convey visitors and personnel to certain spot, or parking lots. They can also used in protecting the turf of a football or soccer field and other venue are anticipated to further aid the growth of ground protection mats market over the forecast period. However, the high cost associated with the advanced technologically equipped ground mats and fluctuations in the prices of raw materials are expected to hold back and hinder the growth of ground protection mats market over the forecast period.
In April 2021, Signature Systems LLC announced their acquisition of Matrax LLC, a design engineering and manufacturing company specializing in a range of site access solutions.
Fastest Growing Market
The ground protection mats market is expected to grow over the forecast period due to the increasing demand for temporary access roads and work platforms in construction and infrastructure projects. Ground protection mats provide a stable and safe surface for heavy equipment and vehicles to operate on, minimizing damage to the ground and reducing the ris of accidents. As the number of construction activities are increasing rapidly, the demand for ground protection mats also increases and in addition, the use of ground protection mats can reduce timelines and cost by allowing work to continue in adverse weather conditions and unstable terrain which is expected drive the growth of ground protection mats market over the forecast period.
The ground protection mats market was valued at USD 498.2 million in 2022 and is expected to grow at a 4.23% CAGR from 2023 to 2029.
Increasing construction activities across the globe are expected to drive the growth of ground protection mats market over the forecast period.
Asia Pacific region is expected to have largest CAGR over the forecast period and anticipated to dominate the global ground protection mats market.
The leading players in the global ground protection mats market are Grassform Group, LODAX, Quality Mat Co., Signature Systems Group, LLC, SuperMats, Inc., TVH India Private Limited, Maco Corporation, Groundtrax Systems Ltd., Great Mats Corp., Ground Guards Ltd., Regenatech, LLC, Ultimate Solutions, Discount Ramps, Sunbelt Rentals Inc., Cope Plastics Inc.