Artificial Turf Market Global Industry Analysis and Forecast 2023-2029 from manisha's blog

Artificial turf is a surface constructed of synthetic fibers that resembles natural grass. It is most typically utilized in arenas for sports that were initially or are commonly played on grass. However, it is increasingly being utilized for both residential and commercial lawns. The artificial grass business is rapidly expanding as a result of improved manufacturing techniques and rising awareness of the long-term environmental and economic benefits. Originally exclusive to larger athletic clubs, it is now seen on many private lawns/gardens. There is no doubt that amid busy schedules, time becomes more valuable as people try to juggle all of their responsibilities.

Artificial Turf Market Overview: 

The Market Research Report has thoroughly examined the current definitions, classifications, applications, and the overall industrial chain structure. This analysis incorporates objective professional assessments of the present market status, historical market performance, production and consumption rates, demand and supply dynamics, and projected revenue generation. Furthermore, the study of the Artificial Turf Market also encompasses insights into the strategic objectives and growth plans of major companies operating within the Artificial Turf  industry. This encompasses activities such as mergers and acquisitions, government and corporate transactions, collaborations, partnerships, joint ventures, brand management, marketing initiatives, and product launches. In summary, this research provides a comprehensive overview of the Artificial Turf  sector within both global and regional markets.

Artificial Turf Market size was valued at USD 3.6 Bn. in 2022 and the total Artificial Turf revenue is expected to grow at a CAGR of 9.8% from 2023 to 2029, reaching nearly USD 6.93 Bn.

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COVID-19 Impact on Artificial Turf market:

The COVID-19 pandemic has had a significant impact on the Artificial Turf  industry. Production facilities have been halted due to the global economic downturn and a lack of personnel. The COVID-19 epidemic has caused a significant and prolonged fall in production utilization, while travel prohibitions and facility closures have kept employees away from their facilities, causing the Artificial Turf  market to decelerate in 2020. The negative impact of COVID-19 on the Artificial Turf  market, on the other hand, is likely to be brief, with the industry rebounding fast by early 2021 due to strong demand for Artificial Turf .  

Artificial Turf Market Drivers:

The rising construction industry is fueling demand for artificial grass, which is used in sports fields, stadiums, commercial gardens, and select residential homes. For example, Qatar is building eight stadiums for FIFA 2022, which will necessitate a large amount of artificial turf. Furthermore, because natural grass is difficult to grow in water-stressed areas, artificial turf is being used. As a result, global worry over water scarcity is fueling the expansion of the artificial turf industry. Another important driver of market expansion is the rapid replacement of grass-surfaced sports arenas with artificial turf, owing to its higher quality, ease of replacement, and eco-friendliness.

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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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Key Players:

The research provides an in-depth evaluation of the Artificial Turf  market and its presence in various sectors and regions. The research analyst seeks to unearth latent development potential that enterprises in various locations of the world can leverage by doing a complete geographical assessment of the sector. Global Artificial Turf  Market research provides exact information that enables market participants to compete successfully in terms of growth, sales, and other vital criteria with their most important competitors. In the research analysis, significant market components such as market drivers and obstacles are distinguished from vital development prospects and industry trends.
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)

Regional Analysis:

The analysis also contains important market influencing components and regulatory developments that have an impact on market present and future trends. Some of the important components utilized to examine the market scenario for different areas include new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they confront owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are analyzed.

Key Questions Answered in the Artificial Turf Market Report are: 

• What is Artificial Turf  ?
• What is the expected CAGR of the Artificial Turf  market during the forecast period?
• Which region held the largest Artificial Turf  market share in 2022?
• What are the major drivers of the Artificial Turf  Market?
• What are the Artificial Turf  Market segments?
• What factors are expected to challenge the market growth during the forecast period?

Key Offerings:

• A detailed market overview
• Market Share, Size & Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments and sub-segments
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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