Artificial Turf Market size was valued at USD 3.28 Bn. in 2021 and the total Artificial Turf revenue is expected to grow at a CAGR of 9.8% from 2022 to 2029, reaching nearly USD 6.93 Bn.
Artificial Turf Market Overview
The Artificial Turf Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides Artificial Turf market drivers and restraints. The report helps in recognizing the drivers that are driving the market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Artificial Turf market, and new consumer trends
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Artificial Turf Market Scope
The report provides the qualitative and qualitative analysis of the Artificial Turf Market based on segmentation. The segments provided in the Artificial Turf Market report are based on Artificial Turf. The market segmentation helps to understand the Artificial Turf structure easily. The regional insights highlight the use of Artificial Turf in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Artificial Turf with the partnerships, business growth and acquisitions.
Data was collected through Primary and Secondary research method from the Artificial Turf market. Secondary research includes sources such as company annual reports, presentations, technical handbooks and technical articles. Primary data was collected through questionnaires and telephonic interviews conducted in the Artificial Turf Market. Bottom-Up approach was used to estimate the Artificial Turf market size and various segmentation. Porter’s five forces analysis is included in the report, to help understand the Artificial Turf market through various perspectives.
Segmentation
Based on the Application, the Sports segment held the largest share of about 48% and dominated the Artificial Turf market in 2021. The segment is further expected to maintain its dominance in terms of value and volume at the end of the forecast period. In recent years, the use of artificial grass to replace natural grass is becoming increasingly predominant in the sports segment. Different sports pitches rapidly use one of the many different types of artificial grass because of the superior qualities it has over natural grass. It for instance does not require any sunlight or mowing and it can be used more often. Rapidly growing adoption of artificial grass across various playing surfaces including football, golf, rugby, hockey, multi-purpose school sports field, and in several other sports areas is increasing the demand for Artificial turf. And, these factors rising the demand for Artificial Turf and drive the segment growth throughout the forecast period.
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Key Players
• Sport Group Holding GmbH (Germany)
• Global Syn-Turf (US)
• ForeverLawn (US)
• Dow dupont (US)
• Shaw Industries (US)
• Act Global (US)
• Controlled Products (US)
• Tigerturf (US)
• Matrix Turf (US)
• El Espartano (US)
• Integriturf (US)
• Challenger Industries Inc. (US)
• Tarkett Group (France)
• Tencate Grass (Netherlands)
• SiS Pitches (UK)
• Terraplas.com (UK)
• Victoria PLC (Uk)
• CoCreation Grass Co (China)
• Creative Recreation Solutions (CRS) (Australia)
• Nurteks Hali (Turkey)
• Limonta (Italy)
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Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Artificial Turf market. The regional analysis provided in our report helps you understand the Artificial Turf market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Artificial Turf market. Local and regional development plans are often affected by the performance of Artificial Turf market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the Artificial Turf market.
Key Questions answered in the Artificial Turf Market Report are:
- What is Artificial Turf?
- What was the Artificial Turfmarket size in 2021?
- What is the expected Artificial Turfmarket size by 2029?
- What is the growth rate of the Artificial TurfMarket?
- Which are the factors expected to drive the Artificial Turfmarket growth?
- Which segment dominated the Artificial Turfmarket growth?
- What is the demand pattern for the Artificial Turfmarket?
- Which region held the largest share in the Artificial Turfmarket?
- Who are the key players in the Artificial Turfmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Artificial Turf
- Landscape- Leading key players and other prominent key players.
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