Press release
Artificial Turf Market Set to Reach $8B by 2028, Fueled by Technological Advancements | Market Growth, Technology, Demand, Trends And Forecast by 2033
Artificial Turf Market Report
The artificial turf market size is expected to see rapid growth in the next few years. It will grow to $8 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to climate change considerations, rising sports events, commercial and residential construction, public parks and recreational spaces, health and safety concerns. Major trends in the forecast period include advancements in turf technology, advancements in technology and materials, environmentally friendly turf solutions, pet-friendly turf solutions, focus on safety and performance.
Market Overview -
Artificial turf refers to any of several synthetic, carpet-like materials used to cover patios, football and baseball fields, and other surfaces to simulate turf made from eco-friendly materials that can be used in all kinds of weather due to their high durability and all-weather utility, making them a popular choice for commercial and residential purposes such as landscaping and lawns.
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Rising Sports Stadiums' Shift From Natural Grass Fuels Artificial Turf Market Growth
The replacement of natural grass with artificial turf in sports stadiums is expected to propel the growth of the artificial turf market. 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. For instance, according to the National Football League, a sports association in the United States, in April 2021, Bank of America Stadium has done the transition from natural grass to artificial turf in time before the Carolina Panthers pre-season, which was scheduled in August 2021. The decision to the replacement of the natural grass with artificial field turf was made to guarantee a consistent surface for not only the Panthers but also for other events. This will be made even for the Charlotte Football Club of Major League Soccer, which will begin playing at BOA in 2022, college football games, and concerts. Therefore, the replacement of natural grass with artificial turf in sports stadiums is driving the growth of the artificial turf market.
Competitive Landscape -
Major companies operating in the artificial turf market report are Taishan Sports Industry Group Co. Ltd., DuPont Inc., Shaw Industries Group Inc., Tarkett S.A., CoCreation Grass Co. Ltd., Victoria PLC, TenCate Grass B.V., SIS Pitches Limited, Limonta Sport S.p.A., ForeverLawn Inc., Edel Grass B.V., Sprinturf LLC, CCGrass, Synthetic Grass Warehouse, Act Global LLC, Nurteks Halı Sanayi ve Ticaret A.Ş., GreenFields BV, Hatko Sport Inc., Domo Sports Grass, GrassTex, Sporturf, Challenger Turf Inc., K&B JUNWOO Co. Ltd., ForestGrass, Rekortan GmbH, Matrix Turf Inc., SportsGrass, Soccer Grass, Condor Grass, Artificial Grass Direct, Easigrass, Artificial Lawn Company, Beaulieu International Group, Controlled Products LLC
Technological Advancements Redefining Quality Standards In Artificial Turf Market
Technological advancement and continuous innovations are shaping the artificial turf market. 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. For instance, in February 2021, SYNLawn, a US-based manufacturer of artificial grass unveiled its new category of product enhancements and offerings which will include soy content, additional color options, advanced drainage, and Super Yarn technology. Super Yarn technology represents a significant step forward in the development of synthetic turf products. By combining three incredible features into one extruded grass yarn formulation, SYNLawn's Super Yarn technology transforms the turf industry. Super Yarn is the first of its kind artificial grass fiber, combining Sanitized antimicrobial technology with DualChill IR reflective technology and StatBlock anti-static technology at the molecular level.
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Key Segments -
The artificial turf market covered in this report is segmented -
1) By Material Type: Polyethylene, Polypropylene, Nylon, Other Materials
2) By Installation: Flooring, Wall Cladding
3) By Application: Residential, Commercial, Sports
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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