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Artificial Turf Market Research Analysis, Application And In-Depth Qualitative Insights And Future Growth
Artificial Turf Market
The Business Research Company's Artificial Turf Global Market Report 2023 identifies replacement of natural grass with artificial turf as the major driver for the Artificial Turf market's growth in the forecast period. Artificial turf offers social and health benefits in terms of the capacity to sustain heavy use and accessibility of the sports stadiums Stadium authorities are increasingly adopting plans to replace natural grass surfaces with synthetic turf to provide high-quality sports ground surfaces.
The global artificial turf market size grew from $4.49 billion in 2022 to $4.87 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The artificial turf market size is expected to grow to $6.83 billion in 2027 at a CAGR of 8.8%.
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Major competitors in the Artificial Turf market are DowDuPont, Tarkett, Victoria PLC, Act Global, SIS Pitches, Matrix Turf, Nurteks Hali, Limonta, Challenger Turf Inc., ForeverLawn, and K&B JUNWOO Co. Ltd., GreenFields BV, Hatko Sport, CoCreation Grass Co. Ltd., and SIS Pitches
A key trend in the Artificial Turf market includes technological advancement. This trend is being followed by the companies operating in the turf or grass industry to provide exceptional quality and real value for their customers with standout products including unmatched lifetime warranties, commitment to sustainability and the industry's leading safety ratings.
Read More On The Global Artificial Turf Market Report Here:
https://www.thebusinessresearchcompany.com/report/artificial-turf-global-market-report
The Artificial Turf market is segmented -
1) By Material Type: Polyethylene, Polypropylene, Nylon, Other Materials
2) By Installation: Flooring, Wall Cladding
3) By Application: Residential, Commercial, Sports
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Artificial Turf market.
The Business Research Company's "Global Artificial Turf Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Turf Market Include:
1. Executive Summary
2. Artificial Turf Market Characteristics
3. Artificial Turf Market Trends And Strategies
4. Artificial Turf Forwarding Market - Macro Economic Scenario
5. Artificial Turf Market Size And Growth
.......
26. Africa Artificial Turf Market
27. Artificial Turf Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Turf Market
29. Artificial Turf Market Future Outlook and Potential Analysis
30. Appendix
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