LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global entrance floor mat market report until 2021. This research report also lists ten other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global entrance floor mat market for 2017-2021 provides a detailed industry analysis based on the product (scraper and wiper floor mat, anti-fatigue floor mat, logo floor mat, and specialty floor mat), application (indoor and outdoor), material (coir, cotton, and nylon), end-user (commercial and residential), and geography (the Americas, EMEA, and APAC).
“The global entrance floor mat market is projected to grow to more than USD 6,700 million by 2021, at a CAGR of nearly 5% over the forecast period. Product differentiators such as attractive colors and innovative materials used in products are attracting more consumers to this market,” says Poonam Saini, a lead analyst at Technavio for retail goods and services research.
Competitive vendor landscape
The global entrance floor mat market is highly competitive with the presence of major vendors, small players, and various unorganized players. It is imperative for vendors in the market to differentiate their product offerings through clear and unique value propositions to survive and succeed in this stiff competitive environment.
Many players in the market are focusing on developing new and innovative floor mats that help to differentiate themselves in the market. Development of new products relies heavily on both long-term and short-term financial investments. Players often engage in price wars by offering promotional offers or lowering their product prices to maintain their existing position in the market.
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Top five vendors in the global entrance floor mat market
3M offers safety and electronics, graphics, industrial, and consumer-related products. It operates in the industrial, healthcare, safety and graphics, electronics and energy, and consumer segments.
Cintas designs, manufactures, and implements corporate identity uniform programs. Its offerings include entrance mats, promotional products, restroom supplies, fire protection, document management, and first-aid and safety services.
Forbo International sells and manufactures construction and flooring adhesives along with power transmission and conveyor belt solutions. The company produces, develops, and sells linoleum, entrance flooring systems, needle felt floor covering, vinyl floorings, Flotex - the washable textile flooring, and construction and building adhesives through this segment.
NoTrax manufactures several floor mats. It offers safety and anti-fatigue, logo, entrance, dissipative and anti-static, insulative and non-conductive, and specialty mats for residential and commercial customers. The company sells its products through a network of distributors in Canada, the US, and Mexico, and online distributors.
UniFirst designs, manufactures, and sells uniforms and protective clothing including pants, shirts, coveralls, jackets, smocks, lab coats, aprons; and specialized protective wear. It also sells floor mats, facility service products, dry and wet mops, and wiping mops.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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