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 research study investigates and analyses the market’s position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
Artificial Turf Market Scope:
We looked at the Artificial Turf Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.
Artificial Turf Market Dynamics:
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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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:
Primary and secondary research is used to identify market leaders, and primary and secondary research is utilized to calculate market revenue. In-depth interviews with important thought leaders and industry specialists such as experienced front-line staff, CEOs, and marketing professionals were conducted as part of the core research. Primary research comprised in-depth interviews with prominent thought leaders and industry specialists, such as experienced front-line staff, CEOs, and marketing professionals, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to historical data. The players highlighted in this report are as follows:
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 study takes an in-depth look at the local industry, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide Artificial Turf Market . It also offers market size and forecast estimates for five major regions, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, from 2021 to 2027. Each area’s Artificial Turf Market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Artificial Turf Market :
We thoroughly researched and analyzed the Global Artificial Turf Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global Artificial Turf Market industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19’s influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.
Key Questions Answered in the Artificial Turf Market Report are:
- What are the most promising high-growth opportunities in the global Artificial Turf Market sector, as defined by product category, End User, and Region?
- Which Artificial Turf Market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Artificial Turf Market dynamics? What are the primary drivers and obstacles in the Artificial Turf Market ?
- What are the Artificial Turf Market ‘s business risks and dangers?
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