The Artificial Turf Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Turf Global Market Report 2024, 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.
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.
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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
Major companies operating in the artificial turf market are focusing on advanced solutions such as high-end artificial turf systems to enhance performance, durability, and sustainability for diverse applications. High-end artificial turf systems are advanced synthetic grass solutions engineered with premium materials and cutting-edge technology for superior performance and durability. For instance, in February 2023, TenCate Grass Holding BV, a Netherlands-based provider of high-quality synthetic turf solutions, launched the GreenFields Pure range, an innovative and sustainable non-infill solution for top-level football. This range contains three brand new artificial turf products, designed with a strong focus on sustainability. Including an extended life span, durable player performance, and minimal maintenance requirements. All three systems are labeled A+ in Greenfield’s innovative and robust ECO classification system, which illustrates the eco-credentials of each separate product and the entire range.
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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26. South America Artificial Turf Market
27. Brazil Artificial Turf Market
28. Middle East Artificial Turf Market
29. Africa Artificial Turf Market
30. Artificial Turf Market Competitive Landscape And Company Profiles
Top Major Players:
- Taishan Sports Industry Group Co. Ltd
- DuPont Inc
- Shaw Industries Group Inc
- Tarkett S.A
- CoCreation Grass Co. Ltd
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