Artificial Turf Market size was valued at USD 3.6 Bn. in 2022 and the total Artificial Turf revenue is expected to grow at a CAGR of 9.8% from 2023 to 2029, reaching nearly USD 6.93 Bn.
Artificial Turf Market Overview:
The global Artificial Turf Market Research Report 2022-2029 by Maximize Market Research is a customized and in-depth analysis of the Artificial Turf industry, with a focus on the global market trend in the same forecast period.
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Artificial Turf Market Scope:
The worldwide ” Artificial Turf Market” study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2021-2027. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.
Artificial Turf Market Drivers:
The growing construction industry is driving the demand for artificial turf, which is used in artificial turfs for sports fields, stadiums, commercial gardens, and selected residential houses. For instance, Qatar is constructing eight stadiums for FIFA 2022, which will require a high amount of artificial turf. Moreover, water-scarce regions are also adopting artificial turf, as they cannot grow natural grass easily. So, rising concern for water scarcity, globally, is also driving the growth of the artificial turf market. Another major factor responsible for the market growth is the fast-paced replacement of grass-surfaced sports arenas with artificial turf, due to its superior quality, easy replacement, and eco-friendly nature.
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Artificial Turf Market Segmentation:
by Material Type
1. Polyethylene
2. Nylon
3. Polypropylene
4. Others
by Installation Type
1. Flooring
2. Wall Cladding
by Infill Material
1. Rubber-based
2. Plant-based
3. Sand-based
by Application
1. Sports
2. Leisure
3. Landscaping
4. Others
Artificial Turf Market Key Players: The key players are
1. Sport Group Holding GmbH (Germany)
2. Global Syn-Turf (US)
3. ForeverLawn (US)
4. Dow dupont (US)
5. Shaw Industries (US)
6. Act Global (US)
7. Controlled Products (US)
8. Tigerturf (US)
9. Matrix Turf (US)
10. El Espartano (US)
11. Integriturf (US)
12. Challenger Industries Inc. (US)
13. Tarkett Group (France)
14. Tencate Grass (Netherlands)
15. SiS Pitches (UK)
16. Terraplas.com (UK)
17. Victoria PLC (Uk)
18. CoCreation Grass Co (China)
19. Creative Recreation Solutions (CRS) (Australia)
20. Nurteks Hali (Turkey)
21. Limonta (Italy)
Regional Analysis:
The research report is organised into sections based on area, manufacturer, type, and application. Each category provides output estimates for the years 2021 through 2027. Consumption by Application is also supplied for the forecasted period of 2021 to 2027. Understanding the categories helps determine the importance of numerous components that contribute to market growth.
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COVID-19 Impact Analysis on Artificial Turf Market:
The research provides light on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and substantial government initiatives into account. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.
Key Questions Answered in the Artificial Turf Market Report are:
- Which segment grabbed the largest share in the Artificial Turf market in 2020?
- How is the competitive landscape of the Artificial Turf market?
- Which are the key factors aiding the Artificial Turf market growth in the forecast period (2021-2027)?
- Which region held the maximum share in the Artificial Turf market in 2020?
- What will be the CAGR of the Artificial Turf market during the forecast period (2021-2027)?
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