Press release
Artificial Turf Market Growth 2018-2026 |Key Players Holdings, DowDuPont, Tarkett, Victoria PLC, Act Global, SportGroup, Tiger Turf, SIS Pitches, Matrix Turf, Nurteks Hali, Soccer Grass, Limonta, Sportlink , and El Espartano
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Market Dynamics
Increasing number of commercial and residential complexes with top-level amenities such as beautiful landscape, gardens, top roof garden etc. are one of the major factors for growth of the global artificial turf market. For instance, in the opinion of the U.S. Bureau of Economic Analysis (BEA) and National Endowment for the Arts (NEA), the landscape services industry has annual revenues of US$ 93 billion, employs over 1 million people, and represents 513,305 businesses, which significantly boosts demand for artificial turf.
Market Outlook
Europe, Asia, and North America are expected to witness increasing demand for artificial turf during the forest period, owing to increasing number of stadiums in these regions. According to Union of European Football Association (UEFA) and Stadium Managers Association, Europe has the highest number of stadiums that is 1223, whereas, Asia,
North America and Africa has 1165,961,399 number of stadiums, collectively. Moreover, artificial turf market is gaining major traction due to replacement of natural grass by artificial turf, as natural grass gets easily damaged by rain, which hinders sports activity. For instance, in the opinion of European Synthetic Turf Organization, the global artificial turf market was valued at US$ 2,530 million in 2016, and is estimated to reach US$ 5,842 million by 2023.
Key Players
Key players operating in the global artificial turf market include DowDuPont, Tarkett, Victoria PLC, Act Global, SportGroup, Tiger Turf, SIS Pitches, Matrix Turf, Nurteks Hali, Soccer Grass, Limonta, Sportlink , and El Espartano
Market Taxonomy
On the basis of product type, the global artificial turf market is segmented into:
Polyethylene
Polypropylene
Nylon
Others
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