Artificial Turf Market Size and Major Key Players Insights, Business Strategies, Industry Growth by 2030 | DowDuPont, Tarkett, Victoria PLC, Act Global

Market Overview:

Artificial turf is a surface of synthetic fibers made to look like natural grass. It is most often used in arenas for sports that were originally or are normally played on grass. Artificial turf is generally installed as an alternative to natural grass on athletic fields, playgrounds, etc. eliminating the cost and maintenance of natural grass.

Market Dynamics:

Rising participation in sports is driving the demand for artificial turf across sports fields. As artificial turf requires less maintenance compared to natural grass and can withstand heavy foot traffic and any weather, it is increasingly being preferred for sports fields over natural grass. This is positively impacting the artificial turf market growth. Additionally, growing concerns regarding water conservation is further fueling the adoption of artificial turf as it does not require water for growth and irrigation. This is anticipated to boost the artificial turf market during the forecast period.

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Major market players included in this report are:

★ DowDuPont
★ Tarkett
★ Victoria PLC
★ Act Global
★ SportGroup
★ Tiger Turf
★ SIS Pitches
★ Matrix Turf
★ Nurteks Hali
★ Soccer Grass
★ Limonta
★ Sportlink
★ El Espartano

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

On the basis of product type,
Polyethylene
Polypropylene
Nylon
Others

On the basis of application,
Contact Sports
Non-contact Sports
Airports & Landscaping
Others (leisure)

On the basis of Installation,
Flooring
Wall Cladding

Regional Analysis:

⦿ North America (U.S. and Canada)
⦿ Latin America (Mexico, Brazil, Peru, Chile, and others)
⦿ Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
⦿ Eastern Europe (Poland and Russia)
⦿ Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
⦿ The Middle East and Africa (GCC, Southern Africa, and North Africa)

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👉 Artificial Turf Market Drivers, Restraint, Opportunity, And Trends:

✤ Increasing Demand from Sports Industry is Driving Growth in the Artificial Turf Market

The artificial turf market is witnessing strong demand from the sports industry as artificial turf is increasingly being used in various sports. Artificial turf requires lower maintenance as compared to natural grass and can withstand extensive use. This makes it an attractive option for sports facilities looking to maximize utilization without compromising on the playing surface. Football, rugby, hockey, and American football stadiums are installing artificial turf pitches that allow continuous play and need much less downtime for care and repair compared to natural grass. Schools and communities are also adopting artificial turf for multi-sport fields. With participation in various recreational and professional sports on the rise globally, the demand for artificial turf from the sports sector is expected to keep driving the market in the coming years.

✤ High Cost of Artificial Turf Poses Significant Restraint on Widespread Adoption

While artificial turf delivers various operational and time savings over natural grass, its initial capital cost tends to be substantially higher. Good quality artificial turf suitable for sports requires the latest infill materials and thicker pay layers for optimal performance. This makes artificial turf installation an expensive proposition for recreational areas, parks, and facilities with limited budgets. The high upfront expenses are discouraging many potential customers and slowing the penetration of artificial turf into some key end-use industries. Artificial grass makers will need to focus on technology and material innovations to reduce costs to make their products more accessible to price-sensitive segments and markets. Unless this cost challenge is addressed, it will continue restricting the artificial turf market's growth potential, especially in cost-cautious regions and countries.

✤ Growing Commercial and Residential Construction Offers Opportunity for Artificial Turf Makers

While sports remain its primary application currently, the artificial turf market is seeing rising demand from commercial and residential construction. With increasing urbanization and shrinking outdoor spaces in cities, artificial turf is gaining acceptability as an alternative to natural grass lawns for homes, apartments, office parks, and public areas. It eliminates maintenance activities like mowing, weeding, watering and reduces landscape costs considerably in the long run. The growing construction of planned communities and landscaping of office parks, shopping malls is opening new commercial segments for artificial turf. Residential builders are also promoting the low-maintenance benefits of artificial grass in housing projects. This emergence of new end-use sectors beyond sports presents a major growth opportunity for artificial turf producers to expand their customer base and accelerate market expansion.

✤ Increasing Emphasis on Environment-Friendly Products will Shape Future of Artificial Turf Market

With sustainability and conservation becoming universally important priorities, artificial turf manufacturers are facing pressure to make their products truly eco-friendly. While synthetic turfs save water, they do not decompose and their infill materials like crumb rubber have raised environmental and health concerns. This has spurred intensive R&D in developing artificial grass with natural infill like coconut fibers and using recycled materials in blades. Green building rating systems are also including criteria for certified eco-friendly turf. This focus on low-carbon and recyclable artificial turf presents an emerging trend that is likely to define the future evolution of the market. Companies adapting early to this shift through innovative sustainable products would gain an important competitive edge in the growing artificial turf market space. Investments in environment-friendly technologies will thus be central to the long-term business prospects for artificial turf producers.

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FAQ'S:

👉 What is the expected growth rate of the market for the forecast period of 2023-2030? What will the market size be in the anticipated time frame?

👉 What will the market size be in the anticipated time frame?

👉 What are the major factors influencing the Artificial Turf market over the forecast period?

👉 What are the market leaders' winning strategies for establishing a significant presence in the Artificial Turf industry?

👉 What are the major market trends influencing the growth of the Artificial Turf market across the globe?

👉 What are the major threats and challenges that are likely to stymie the growth of the Artificial Turf market? What are the most significant market opportunities?

👉 What are the most critical opportunities for market leaders to succeed and profit?

Table of Contents with Major Points:

1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2030 (USD Billion)
1.2.1. Artificial Turf Market, by Region, 2023-2030 (USD Billion)
1.2.2. Artificial Turf Market, by Type, 2023-2030 (USD Billion)
1.2.3. Artificial Turf Market, by Application, 2023-2030 (USD Billion)
1.2.4. Artificial Turf Market, by Verticles, 2023-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Artificial Turf Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Artificial Turf Market Dynamics
3.1. Artificial Turf Market Impact Analysis (2023-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Artificial Turf Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2023-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Artificial Turf Market, by Type
5.1. Market Snapshot
5.2. Global Artificial Turf Market by Type, Performance - Potential Analysis
5.3. Global Artificial Turf Market Estimates & Forecasts by Type 2023-2030 (USD Billion)
5.4. Artificial Turf Market, Sub-Segment Analysis

6. Global Artificial Turf Market, by Application
6.1. Market Snapshot
6.2. Global Artificial Turf Market by Application, Performance - Potential Analysis
6.3. Global Artificial Turf Market Estimates & Forecasts by Application 2023-2030 (USD Billion)
6.4. Artificial Turf Market, Sub-Segment Analysis
6.4.1. Others

7. Global Artificial Turf Market, by Verticles
7.1. Market Snapshot
7.2. Global Artificial Turf Market by Verticles, Performance - Potential Analysis
7.3. Global Artificial Turf Market Estimates & Forecasts by Verticles 2023-2030 (USD Billion)
7.4. Artificial Turf Market, Sub-Segment Analysis

8. Global Artificial Turf Market, Regional Analysis
8.1. Artificial Turf Market, Regional Market Snapshot
8.2. North America Artificial Turf Market
8.3. Europe Artificial Turf Market Snapshot
8.4. Asia-Pacific Artificial Turf Market Snapshot
8.5. Latin America Artificial Turf Market Snapshot
8.6. Rest of The World Artificial Turf Market

9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments

10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

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