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:
Extensive primary and secondary research Artificial Turf Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Artificial Turf Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
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.
The use of synthetic grass has been widened in the areas like residential and commercial landscaping rather than athletic fields. Artificial turf has been widely used at airports. Some of the Astroturf/artificial grass can be integrated with optical fibers for runway lighting in the artificial landing surfaces for aircraft. Both the rubber granules and the synthetic fibers of artificial turf are subject to wear and can be washed into the environment. The rubber granulates from artificial turf infill constitute a significant source of rubber pollution. Fragments from the artificial reeds make their way into the environment as microplastic pollution in both marines as well as the soil environment.
Artificial Turf Market Segmentation:
by Material Type
by Installation Type
2. Wall Cladding
by Infill Material
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Artificial Turf Market Key Players: The prominent players include:
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)
The country-level assessment of the Artificial Turf Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Artificial Turf Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Artificial Turf Market: The report also incorporates an analysis of the impact of COVID-19 on the global Artificial Turf market.
Key Questions Addressed in the Artificial Turf Market Report:
- Which product segment dominated the Artificial Turf market share in 2020?
- How is the anticipated competitive landscape of the Artificial Turf market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Artificial Turf market?
- Which region accounted for the largest share in the Artificial Turf market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Artificial Turf market during the forecast period (2021-2027)?
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