Artificial Turf Market is expected to be 35% during the forecast period and the market size is expected to reach nearly US$ 44.13 Bn by 2027.
Artificial Turf Market Overview:
For the global industry’s Artificial Turf market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
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Market Scope:
Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.
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Segmentation:
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 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 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)
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Regional Analysis:
A country-level study of the Artificial Turf Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Artificial Turf Market study.
COVID-19 Impact Analysis on Artificial Turf Market:
The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.
Key Questions Answered in the Artificial Turf Market Report are:
- Which are the major players in the Artificial Turf market?
- What key trends are likely to emerge in the Artificial Turf market in the coming years?
- What will be the Artificial Turf market size by 2027?
- Which company held the largest share in the Artificial Turf market?
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