Overview and Scope
Artificial turf refers to any of several synthetic, carpet-like materials used to cover patios, football and baseball fields, and other surfaces to simulate turf made from eco-friendly materials that can be used in all kinds of weather due to their high durability and all-weather utility, making them a popular choice for commercial and residential purposes such as landscaping and lawns.
Sizing and Forecast
The artificial turf market size has grown strongly in recent years. It will grow from $4.94 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to sports infrastructure development, landscaping and aesthetic appeal, water conservation, weather resistance, urbanization and limited green spaces, reduced maintenance costs.
The artificial turf market size is expected to see rapid growth in the next few years. It will grow to $8 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to climate change considerations, rising sports events, commercial and residential construction, public parks and recreational spaces, health and safety concerns. Major trends in the forecast period include advancements in turf technology, advancements in technology and materials, environmentally friendly turf solutions, pet-friendly turf solutions, focus on safety and performance.
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Segmentation & Regional Insights
The artificial turf market covered in this report is segmented –
1) By Material Type: Polyethylene, Polypropylene, Nylon, Other Materials
2) By Installation: Flooring, Wall Cladding
3) By Application: Residential, Commercial, Sports
Western Europe was the largest region in the artificial turf market in 2023. The regions covered in the artificial turf market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The replacement of natural grass with artificial turf in sports stadiums is expected to propel the growth of the artificial turf market. Artificial turf offers social and health benefits in terms of the capacity to sustain heavy use and accessibility of the sports stadiums Stadium authorities are increasingly adopting plans to replace natural grass surfaces with synthetic turf to provide high-quality sports ground surfaces. For instance, according to the National Football League, a sports association in the United States, in April 2021, Bank of America Stadium has done the transition from natural grass to artificial turf in time before the Carolina Panthers pre-season, which was scheduled in August 2021. The decision to the replacement of the natural grass with artificial field turf was made to guarantee a consistent surface for not only the Panthers but also for other events. This will be made even for the Charlotte Football Club of Major League Soccer, which will begin playing at BOA in 2022, college football games, and concerts. Therefore, the replacement of natural grass with artificial turf in sports stadiums is driving the growth of the artificial turf market.
Key Industry Players
Major companies operating in the artificial turf market report are Taishan Sports Industry Group Co. Ltd., DuPont Inc., Shaw Industries Group Inc., Tarkett S.A., CoCreation Grass Co. Ltd., Victoria PLC, TenCate Grass B.V., SIS Pitches Limited, Limonta Sport S.p.A., ForeverLawn Inc., Edel Grass B.V., Sprinturf LLC, CCGrass, Synthetic Grass Warehouse, Act Global LLC, Nurteks Hali Sanayi ve Ticaret A.S., GreenFields BV, Hatko Sport Inc., Domo Sports Grass, GrassTex, Sporturf, Challenger Turf Inc., K&B JUNWOO Co. Ltd., ForestGrass, Rekortan GmbH, Matrix Turf Inc., SportsGrass, Soccer Grass, Condor Grass, Artificial Grass Direct, Easigrass, Artificial Lawn Company, Beaulieu International Group, Controlled Products LLC
The artificial turf market report table of contents includes:
1. Executive Summary
2. Artificial Turf Market Characteristics
3. Artificial Turf Market Trends And Strategies
4. Artificial Turf Market – Macro Economic Scenario
5. Global Artificial Turf Market Size and Growth
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31. Artificial Turf Market Other Major And Innovative Companies
32. Global Artificial Turf Market Competitive Benchmarking
33. Global Artificial Turf Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Turf Market
35. Artificial Turf Market Future Outlook and Potential Analysis
36.Appendix
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