Press release
Playground Surface Materials Market to Witness Huge Growth by 2026|Key Players - Koninklijke Ten Cate bv, Zeager Bros and more
Playground Surface Materials Market
The global playground surface materials market was valued at US$ 3.73 Bn by 2017 end and is expected to expand 1.5X over the forecast period to reach US$ 5.85 Bn by the end of 2026.
The Playground Surface Materials Market is an ever-evolving sector of the construction industry that is rapidly expanding. Playground surfaces are typically made up of a variety of materials, including rubber, wood chips, sand, and synthetic turf, among others. The goal of playground surface materials is to provide a safe and comfortable playing surface for children to play on while also meeting health and safety standards. Playground surfaces are often used in combination with other equipment or structures to create an overall playground design that meets the needs of the user.
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Europe and China together are expected to account for more than 2/5th of the global Playground Surface Materials Market Sale by the end of 2026. Asia-Pacific excluding China is expected to witness significant growth in the global Playground Surface Materials Market Sale over the forecast period.
Playground Surface Materials Market Sale
Growing utilization of artificial turfs in various commercial sport complexes across North America and Europe is expected to assist the growth of the Playground Surface Materials Market Sale in the coming years. Various factors such as increasing need for water conservation, unfavorable conditions for natural grass and rising number of sports events have been driving the growth of the Playground Surface Materials Market Sale in the recent past.
The requirement of skilled labor for the installation of playground surface materials such as artificial turf is noted to be a key challenge identified in the global Playground Surface Materials Market Sale. Proper installation is key for playground surfaces and all playground surface materials must be installed to proper specification in order to eliminate issues regarding irrigation and drainage.
Key manufacturers involved in the global Playground Surface Materials Market Sale are focusing on mergers & acquisitions in order to strengthen their shares in the market across the globe. For instance, Koninklijke Ten Cate bv has announced various acquisitions of synthetic turf suppliers and installation companies that primarily specialize in the maintenance and construction of synthetic sports fields.
On the basis of material type, market insights suggest that the rubber segment will account for a high share in the Playground Surface Materials Market Sale throughout the forecast period. The artificial turf segment is pegged to be followed by the rubber, engineered wood fiber segment.
Growing construction of new playgrounds, supported by various upcoming events such as 2020 Summer Olympics and 2022 FIFA World Cup are anticipated to assist the demand for playground surface materials such as artificial turf in the near future.
The Europe Playground Surface Materials Market Sale is expected to register high sales during the forecast period and remain a high value market. The Asia Pacific Excluding China region is expected to grow at a significant rate in the global Playground Surface Materials Market Sale over the forecast period.
Latin America and North America markets, together, are expected to account for more than 1/5th of the overall incremental opportunity created during the forecast period.
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Key Companies-
• Koninklijke Ten Cate bv
• Zeager Bros. Inc.
• The Fibar Group LLC
• Challenger Industries, Inc.
• CCGrass
• All Victory Grass (Guangzhou) Co., Ltd.
• Tarkett S.A.
• Polytan GmbH
• PlayCore, Inc.
• Tarmac
• Accella Polyurethane Systems
• Surface America, Inc.
• LTR Products LLC
• Others
The global Playground Surface Materials Market Sale is fragmented in nature, owing to the presence of a large number of players across the globe. Some of the manufacturers involved in the Playground Surface Materials Market Sale are focusing on new product developments in order to meet the fast-changing market requirements.
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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