Artificial Turf Market Share, 2021 Definition, Size, Share, Segmentation and Forecast data by 2029
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 research " Artificial Turf Market" seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Artificial Turf Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Artificial Turf Market Scope:
The research focuses on the Artificial Turf market’s growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Artificial Turf industry to assess the impact of several variables on Artificial Turf market trends, including supplier bargaining power etc
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.
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
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Artificial Turf MarketKey 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 report has assessed the global Artificial Turf market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Artificial Turf Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Artificial Turf market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Artificial Turf Market Report are:
- Which key trends are likely to emerge in the Artificial Turf market in the forecast period?
- What will be the Artificial Turf market size by 2027?
- Which company had the biggest share in the Artificial Turf market in 2020?
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