Artificial Turf Market size was valued at USD 3.95 Bn. in 2023 and the total Artificial Turf revenue is expected to grow at a CAGR of 9.8% from 2024 to 2030, reaching nearly USD 7.60 Bn.
Artificial Turf Market Overview:
The Artificial Turf Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Artificial Turf Market, as well as the causes for variances in the industry’s growth in various places.
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Artificial Turf Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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
Polyethylene
Nylon
Polypropylene
Others
by Installation Type
Flooring
Wall Cladding
by Infill Material
Rubber-based
Plant-based
Sand-based
by Application
Sports
Leisure
Landscaping
Others
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Artificial Turf Market Key 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:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Artificial Turf Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Artificial Turf Market Report are:
- Which sub-segment had the largest share in the Artificial Turf Market?
- How is the competitive landscape of the Artificial Turf Market in 2023?
- Which are the key drivers impacting the Artificial Turf Market growth?
- Which region holds the maximum share in the Artificial Turf Market?
- What will be the CAGR of the Artificial Turf Market during the forecast period (2023-2029)?
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