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Artificial Turf Market worth $5.78 billion by 2030, growing at a CAGR of 7.21% - Exclusive Report by 360iResearch
Artificial Turf Market | 360iResearch
The Global Artificial Turf Market to grow from USD 3.55 billion in 2023 to USD 5.78 billion by 2030, at a CAGR of 7.21%.
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Artificial or synthetic turf is an engineered surface designed to mimic natural grass's appearance, texture, and functionality. It primarily comprises synthetic polyethylene, polypropylene, and nylon fibers, which are woven into a backing material for stability and durability. These fibers are then filled with sand or rubber granules to provide cushioning and support similar to the real grass. These turfs have Low maintenance and provide several cost benefits to the original turf. Meanwhile, the rising residential activities and consumer spending on home decor products subsequently enhance the demand for artificial turf. The surging demand for turf in commercial places and sports events significantly raises the need for artificial turf. However, the installation process and unfavorable environmental impact hamper artificial turf production. Companies are working towards capitalizing on emerging trends and ensuring long-term success by addressing current limitations and innovating material science and eco-friendly manufacturing processes. Moreover, the initiatives related to artificial turf recycling and penetration of antibacterial turf drive the future market. Innovation in antibacterial artificial turf helps reduce mold and bacteria growth while keeping the yard cleaner, fresher, and odor-free.
The increasing demand for landscaping services in residential and commercial areas is driving market growth in the Americas. With recent investments in artificial turf recycling initiatives, American countries have planned to reduce turf waste by including a turf infill take-back program expected to be implemented in recent years. Through these Initiatives, American countries have planned to meet environmental regulations while maintaining climate change. In European countries such as Germany, France, Italy, and Spain, governments' support for sustainable solutions has driven research initiatives to improve the material quality of artificial turf for sports infrastructure. In addition, water scarcity in the Middle East & Africa regions makes artificial turf an attractive option since it reduces water consumption while meeting sports facilities' growing needs. While in APAC, China is a significant manufacturer of artificial turf due to advanced production technologies, high demands in schools & institutions, and residential & commercial recreational activities. To capitalize on these emerging market opportunities, manufacturers use a multifaceted approach that includes localization strategy, innovation, sustainability, and competitive pricing without compromising product quality or safety standards.
Market Segmentation & Coverage:
This research report categorizes the Artificial Turf Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Nylon, Polyethylene, and Polypropylene. The Polypropylene is projected to witness significant market share during forecast period.
Based on Grass Backing, market is studied across Latex Backed and PU Backed. The Latex Backed is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Infill-Based and Infill-Free. The Infill-Free is projected to witness significant market share during forecast period.
Based on Application, market is studied across Commercial and Residential. The Commercial is further studied across Airports, Landscaping, and Sports Fields. The Residential is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Artificial Turf Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Artificial Turf Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Artificial Turf Market, highlighting leading vendors and their innovative profiles. These include Act Global, AGN Grass, Altius Sports & Leisure Pvt. Ltd., Beaulieu International Group N.V., Bellinturf, Challenger Turf, Inc., CoCreation Grass Co., Controlled Products, LLC, Grass Turf Mills, Hellas Construction Inc., Kodiak Sports, LLC, MegaGrass, On Deck Sports, Renqiu Wangli Plastic Grass Co., Ltd., Royal Grass by Landscape Solutions B.V., Shaw Sports Turf, SIS Group Ltd., Smart Turf, Sport Group Holding GmbH, Sunwing Industries Ltd., Tarkett S.A., TenCate Grass Holding BV, The Dow Chemical Company, Turf Tek USA, Unisport Group, and Victoria PLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Artificial Turf Market, by Material
7. Artificial Turf Market, by Grass Backing
8. Artificial Turf Market, by Technology
9. Artificial Turf Market, by Application
10. Artificial Turf Market, by Distribution Channel
11. Americas Artificial Turf Market
12. Asia-Pacific Artificial Turf Market
13. Europe, Middle East & Africa Artificial Turf Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Artificial Turf Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Artificial Turf Market?
3. What is the competitive strategic window for opportunities in the Artificial Turf Market?
4. What are the technology trends and regulatory frameworks in the Artificial Turf Market?
5. What is the market share of the leading vendors in the Artificial Turf Market?
6. What modes and strategic moves are considered suitable for entering the Artificial Turf Market?
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