Press release
Artificial Turf Market to reach USD 6.93 Bn by 2029, emerging at a CAGR of 9.8 percent and forecast 2023-2029
Artificial Turf Market, Artificial Turf Market Growth,
The Artificial Turf Market Report by Maximize Market Research Pvt Ltd offers an extensive scope, providing a comprehensive analysis of the artificial turf industry. The report encompasses a detailed overview of artificial turf applications, including its historical and current usage in sports arenas, residential lawns, and commercial spaces. The scope extends to an exploration of market dynamics, evaluating key drivers, restraints, and trends shaping the industry landscape. Additionally, the report delves into the regional aspects, offering insights into market opportunities and challenges specific to different geographical areas.
The research methodology to ensure the accuracy and reliability of the Artificial Turf Market Report. The methodology incorporates a combination of qualitative and quantitative approaches, leveraging data from reputable sources, insights from industry experts, and extensive market surveys. This holistic research process aims to provide a thorough understanding of market trends, growth factors, and potential challenges. By utilizing robust research techniques, the report delivers valuable and actionable information, facilitating informed decision-making for industry stakeholders, investors, and policymakers.
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What are Artificial Turf Market Dynamics:
The growing construction industry is driving the demand for artificial turf, which is used in artificial turfs for sports fields, stadiums, commercial gardens, and selected residential houses. For instance, Qatar is constructing eight stadiums for FIFA 2022, which will require a high amount of artificial turf. Moreover, water-scarce regions are also adopting artificial turf, as they cannot grow natural grass easily. So, rising concern for water scarcity, globally, is also driving the growth of the artificial turf market. Another major factor responsible for the market growth is the fast-paced replacement of grass-surfaced sports arenas with artificial turf, due to its superior quality, easy replacement, and eco-friendly nature.
The use of synthetic grass has been widened in the areas like residential and commercial landscaping rather than athletic fields. Artificial turf has been widely used at airports. Some of the Astroturf/artificial grass can be integrated with optical fibers for runway lighting in the artificial landing surfaces for aircraft. Both the rubber granules and the synthetic fibers of artificial turf are subject to wear and can be washed into the environment. The rubber granulates from artificial turf infill constitute a significant source of rubber pollution. Fragments from the artificial reeds make their way into the environment as microplastic pollution in both marines as well as the soil environment.
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Artificial Turf Market Regional Insights:
Asia-Pacific: Anticipated to experience the fastest growth rate during the forecast period, the Asia-Pacific region is characterized by rising construction activities and an increasing demand for low-maintenance green spaces. The expansion of residential and commercial spaces fuels the adoption of artificial turf, providing a cost-effective and durable alternative to natural grass in areas such as lawns, community parks, and patios.
The comprehensive regional analysis in the report aids stakeholders in understanding the nuanced market dynamics, enabling strategic decision-making based on localized trends and opportunities. As the global artificial turf market continues to evolve, these regional insights offer valuable perspectives for businesses and investors seeking to navigate and capitalize on emerging trends in specific geographic markets.
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What is Artificial Turf Market Segmentation:
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:
1. Global Artificial Turf Market: Research Methodology
2. 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
3.Global Artificial Turf Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A 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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