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Surging Urbanization and Technological Advancements Propelling the Artificial Turf Market towards $5.28 Billion Mark by 2029
artificial turf market
What Is The Projected Market Size Of The Global Artificial Turf Market And Its Growth Rate?
• The market size of artificial turf has experienced strong growth in recent years. It is predicted to grow from $3.92 billion in 2024 to $4.18 billion in 2025, marking a compound annual growth rate (CAGR) of 6.5%.
• The growth in the next few years is expected to be strong, reaching $5.28 billion in 2029 at a CAGR of 6.0%.
What Is Driving The Growth In The Artificial Turf Market?
The rise in urbanization is a critical factor propelling the growth of the artificial turf market. Urbanization necessitates the need for artificial turf to cater to the demand for green spaces in busy urban areas where maintaining natural grass is challenging. A report by the World Bank predicts that by 2024, over 50% of the world's population will reside in urban areas, expected to rise to 6 billion by 2045, thus driving the growth of the artificial turf market.
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Who Are the Key Players Driving Artificial Turf Market Growth?
Key players driving the growth of the artificial turf market include:
• 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.
What Are The Key Trends In The Artificial Turf Market?
Key trends are:
• Advancements in turf technology
• Improvements in technology and materials
• Environmentally friendly turf solutions
• Pet-friendly turf solutions
• Focus on safety and performance
What Are The Segments Of The Global Artificial Turf Market?
The artificial turf market is segmented by:
• Material Type: Polyethylene, Polypropylene, Nylon, Other Materials
• Installation: Flooring, Wall Cladding
• Application: Residential, Commercial, Sports
Which Region Leads The Artificial Turf Market?
Western Europe was the largest region in the artificial turf market in 2024. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Artificial Turf Market Global Market Report?
- Market Size Analysis: Analyze the Artificial Turf Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Turf Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Turf Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Turf Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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