Press release
Artificial Turf Market to reach USD 6.93 Bn by 2029, emerging at a CAGR of 9.8 percent and forecas 2023-2029
Artificial Turf Market
The Artificial Turf Market Forecast 2022-2029 provides a comprehensive analysis of the artificial turf industry, examining recent developments, current trends, and future projections. The report employs robust research methodologies, incorporating both primary and secondary data sources, to deliver detailed insights into market dynamics.
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Artificial Turf Market Research Methodology:
Our research methodology utilizes a combination of primary and secondary data sources to offer a thorough examination of the Artificial Turf Market. This report employs a multifaceted approach, including quantitative and qualitative analysis, to provide a comprehensive understanding of the industry landscape.
What are Artificial Turf Market Dynamics:
The growing demand for artificial turf in the residential and commercial sectors is a significant driver of market growth. The construction industry's expansion, along with the increasing use of artificial turf for various applications, is contributing to market development. The need for water-efficient and low-maintenance solutions in regions facing water scarcity is also fueling market growth.
The high installation cost of artificial turf is a potential restraint on market growth. While technological advancements and innovations have led to improved artificial turf products, their cost can be a limitation for some consumers. Additionally, concerns related to wear and environmental impact must be addressed to ensure sustainable growth.
Artificial Turf Market Regional Insights:
North America, with its well-established market for artificial turf, held the largest market share in 2022 and is expected to maintain its dominance throughout the forecast period. The region's growth is driven by increased construction activities, especially in the residential and commercial sectors.
Europe is a significant market for artificial turf, marked by its extensive adoption across various applications. The United Kingdom, France, and Germany are notable markets with a considerable number of synthetic turf installations.
The Asia-Pacific region is experiencing the fastest growth in the artificial turf market. Growing construction activities, increasing urbanization, and the demand for low-maintenance solutions are driving market expansion.
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What is Artificial Turf Market Segmentation:
The Sports segment, which represented 48% of the installed artificial turf in 2022, continues to dominate the market. It is expected to maintain its leading position in both value and volume throughout the forecast period, driven by the increasing use of artificial turf in sports stadiums and athletic fields.
The Landscaping segment is experiencing rapid growth, offering new opportunities for the artificial turf market. The demand for low-maintenance, sustainable landscaping solutions is on the rise, particularly in regions with water scarcity concerns.
The Leisure segment, featuring a blend of natural and synthetic materials, caters to various landscaping needs. It is becoming increasingly popular, offering lush green aesthetics without the need for extensive maintenance
By Material Type
1. Polyethylene
2. Nylon
3. Polypropylene
4. Others
By Installation Type
1. Flooring
2. Wall Cladding
By Infill Material
1. Rubber-based
2. Plant-based
3. Sand-based
By Application
1. Sports
2. Leisure
3. Landscaping
4. Others
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Who are Artificial Turf Market Key Players:
1. Sport Group Holding GmbH (Germany)
2. Global Syn-Turf (US)
3. ForeverLawn (US)
4. Dow dupont (US)
5. Shaw Industries (US)
6. Act Global (US)
7. Controlled Products (US)
8. Tigerturf (US)
9. Matrix Turf (US)
10. El Espartano (US)
11. Integriturf (US)
12. Challenger Industries Inc. (US)
13. Tarkett Group (France)
14. Tencate Grass (Netherlands)
15. SiS Pitches (UK)
16. Terraplas.com (UK)
17. Victoria PLC (Uk)
18. CoCreation Grass Co (China)
19. Creative Recreation Solutions (CRS) (Australia)
20. Nurteks Hali (Turkey)
21. Limonta (Italy)
Table of content for the Artificial Turf Market includes:
Global Artificial Turf Market: Research Methodology
Global Artificial Turf Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Artificial Turf Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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