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:
This Artificial Turf market study looks at current and emerging industry trends and dynamics in the global Artificial Turf market. Artificial Turf Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Artificial Turf market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Artificial Turf market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Artificial Turf market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Artificial Turf market environment. Increased demand for Artificial Turf is driving the market. The Artificial Turf market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
According to the Application, the Artificial Turf market in 2023 was dominated by the Sports segment, which possessed the biggest share of approximately 48%. By the conclusion of the projection period, the category is anticipated to continue to dominate in terms of both volume and value. Artificial grass has been used more and more in the sports industry in place of natural grass in recent years. Due to its many advantages over natural grass, various sports fields quickly adopt one of the many varieties of artificial grass. For example, it can be utilized more frequently and doesn’t need to be in direct sunlight or mowed.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
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)Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Artificial Turf market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Artificial Turf Market:
The COVID-19 epidemic has had a significant impact on the global Artificial Turf industry. Artificial Turf Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Artificial Turf market to decelerate in 2020. The negative impact of COVID-19 on the Artificial Turf market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Artificial Turf.
Key Questions Answered in the Artificial Turf Market Report are:
- Which segment was responsible for the largest share in the Artificial Turf market?
- How was the competitive scenario of the Artificial Turf market in 2023?
- Which are the key factors responsible for the Artificial Turf market growth?
- Which region held the maximum share in the Artificial Turf market in 2023?
