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Looking at Growing Demand of Artificial Turf Marke - Growth & Industry Revenue By Top Key Players Victoria PLC, Sportfield Deutschl, CoCreation Grass Corporation, FieldTurf, Syn-Turf, Synlawn Artificial Grass, Dow & TigerTurf

12-05-2018 07:51 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Artificial Turf Market

Artificial Turf Market

The Global Artificial Turf Market was valued at $2,530 million in 2016, and is projected to reach $5,842 million by 2023, growing at a CAGR of 12.7% from 2017 to 2023.

Artificial turf are largely used in sports requiring grass surface with high durability. Some of the advantages of using artificial turfs in sports include uniform high quality grass surface, low maintenance, weather resistance, and less chances of injuries due to the soft bristles. Furthermore, it is used in landscaping and other applications. Artificial grass fibers are made from polymers such as polyethylene, polypropylene, and polyamide. Each of these polymers comes with its own characteristics and qualities, which decides its applicability. However, high initial cost of artificial turfs is a major restrain for the growth of the market.

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Based on material, the market is segmented into polyethylene, polypropylene, and polyamides. The polyethylene artificial turf segment is projected to be the most lucrative segment from 2017 to 2023, and accounts for two-thirds share of the global artificial turf by 2023 due to its long shelf life and gentle nature on the human skin. Furthermore, the low price of polyethylene artificial turf fuels the market growth for polyethylene artificial turf.

Based on application, the market is segmented into contact sport, leisure & landscaping, and others. The contact sport segment is estimated to grow at the highest CAGR during the forecast period, owing to the growing need for high quality grass surface that offers enhanced protection to players, good playing surfaces, and low maintenance pf the surface.

Key Findings of the Artificial Turf Market:

• The polyamides artificial turf segment is expected to grow at a significant CAGR of 14.50%, in terms of value, from 2017 to 2023.
• The contact sport segment is projected to grow at a CAGR of 13%, in terms of value.
• The artificial turf market in Asia-Pacific is expected to grow at the highest CAGR of 13.90%, in terms of value.
• The Europe artificial turf accounted for more than 46% of the global market in 2016.
• U.S. accounted for more than 77% of the North American market in 2016.

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In 2016, North America and Europe collectively accounted for more than 74% of the global artificial turf industry, in terms of value. This was attributed to the growing popularity of using artificial turf in sport arenas and landscaping. Furthermore, European sports associates have recommended the use of artificial turf playing surfaces due to minimal chances of injuries to players. The artificial turf market in Asia-Pacific is projected to grow at the highest rate, followed by LAMEA, owing to the growing demand in sports stadiums and water crisis in this region.

The major companies profiled in this report are

• Victoria PLC (Avalon Grass),
• Sportfield Deutschland Holding GmbH (AstroTurf),
• CoCreation Grass Corporation,
• FieldTurf,
• Global Syn-Turf, Inc.,
• Controlled Products,
• LLC (GrassTex),
• ForestGrass,
• Synlawn Artificial Grass,
• The Dow Chemical Company (DOW), and
• TigerTurf

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Replacement of grass surface to artificial turf in sports stadiums
3.4.1.2. Eco-friendly nature of artificial turf
3.4.1.3. Increases In Disposable Income
3.4.2. Restraints
3.4.2.1. High cost of Artificial turf
3.4.2.2. High surface temperature of Artificial turf
3.4.3. Opportunities
3.4.3.1. Introduction of hybrid artificial turf
3.5. Top player positioning

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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