Artificial Turf Market Demand And Supply 2018 to 2026| DowDuPont, Tarkett, Victoria PLC, Act Global, SportGroup, Tiger Turf, SIS Pitches, Matrix Turf, Nurteks Hali, Soccer Grass, Limonta, Sportlink , and El Espartano

Artificial turf is a surface of man-made fibers, which mimics natural grass. It does not require any kind of practices such as irrigation, trimming, pesticides, and others but need low cost maintenance compared to natural grass. Artificial turf is made from eco-friendly materials and could be used in all kinds of weather. High durability, all weather utility of artificial turf makes it a popular choice for commercial purposes such as landscaping.

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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

On the basis of application, the global artificial turf market is segmented into:

Contact Sports
Non-contact Sports
Airports & Landscaping
Others (leisure)

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This release was published on openPR.