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 Artificial Turf market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Artificial Turf Market Scope:
A competitor's information is provided in the highly competitive environment for the Artificial Turf market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses' focus on the Artificial Turf industry.
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 major players covered in the Artificial Turf market report 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)
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Regional Analysis:
The causes for the global Artificial Turf market's rise, and the industry's numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Artificial Turf Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Artificial Turf market to slow in 2020. The new research features COVID 19's impact on the Artificial Turf# market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the Artificial Turf Market Report are:
- Which segment was responsible for the largest share in the Artificial Turf market?
- How was the competitive scenario of the Artificial Turf market in 2020?
- Which are the key factors responsible for the Artificial Turf market growth?
- Which region held the maximum share in the Artificial Turf market in 2020?
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