Pune, 13, April, 2023: Maximize Market Research, a Material & Chemical business research firm has published a report on the “Artificial Turf Market”. The total market opportunity for Artificial Turf was USD 3.6 Bn in 2022 and is expected to grow at 9.8 percent CAGR through the forecast period to reach USD 6.93 Bn by 2029.
Artificial Turf Market Report Scope and Research Methodology
The report includes a clear representation of a comprehensive analysis of the Artificial Turf industry. It includes a competitive analysis of the Artificial Turf key players by Material Type, growth strategies, financial position and regional presence. The report includes a detailed analysis of drivers, restraints, opportunities and challenges along with the list of market players in the Artificial Turf industry. It also provides historical data from 2017 to 2021, which helps to forecast the potential of the Artificial Turf market from 2023-2029. The segment-wise and region-wise analysis of the market dynamics, market size and share make the Artificial Turf market report an investor’s guide. The bottom-up approach was used to estimate the regional and global Artificial Turf market size. SWOT analysis was employed to present strengths, weaknesses, opportunities and threats of the Artificial Turf key competitors in the industry while PORTER, PESTLE analysis was employed to understand the potential impact of micro-economic factors of the Artificial Turf Market.
Artificial Turf Market Dynamics
The demand for artificial turf is high in the regions that have a high demand for sports activities. The adoption rate of the product has increased majorly due to the rising awareness of the product. The primary factor driving the growth of the market is the increasing demand for replacing original grass with artificial turf. The increasing disposable income is also the main factor driving the artificial turf market growth. During the forecast period, the market is expected to be driven by the increasing demand for artificial turf in public spaces for water-saving landscape solutions.
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Artificial Turf Market Regional Insights
The North America region dominated the global market with the largest Artificial Turf Market share and is expected to grow at a high CAGR during the forecast period. The regional market is expected to retain its dominance during the forecast period due to the increasing government investment in the construction and upgradation of schools, colleges and universities.
The Europe region held a significant Artificial Turf Market share in 2022 and is expected to grow at a high CAGR during the forecast period. The growth of the regional market is attributed to the presence of a large number of sports fields and the increasing popularity of outdoor sports.
Artificial Turf Market Segmentation
By Material Type
- Polyethylene
- Nylon
- Polypropylene
- Others
By Installation Type
- Flooring
- Wall Cladding
By Infill Material
- Rubber-based
- Plant-based
- Sand-based
By Application
- Sports
- Leisure
- Landscaping
- Others
Artificial Turf Key Competitors include:
- Sport Group Holding GmbH (Germany)
- Global Syn-Turf (US)
- ForeverLawn (US)
- Dow dupont (US)
- Shaw Industries (US)
- Act Global (US)
- Controlled Products (US)
- Tigerturf (US)
- Matrix Turf (US)
- El Espartano (US)
- Integriturf (US)
- Challenger Industries Inc. (US)
- Tarkett Group (France)
- Tencate Grass (Netherlands)
- SiS Pitches (UK)
- Terraplas.com (UK)
- Victoria PLC (Uk)
- CoCreation Grass Co (China)
- Creative Recreation Solutions (CRS) (Australia)
- Nurteks Hali (Turkey)
- Limonta (Italy)
Table of Content for Artificial Turf Market
- Global Artificial Turf Market: Research Methodology
- Global Artificial Turf Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Artificial Turf Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Artificial Turf Market Segmentation
- Global Market, by Material Type (2021-2029)
- Global Market, by Installation Type (2021-2029)
- Global Market, by Infill Material (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Artificial Turf Market (2021-2029)
- Regional Market, by Material Type (2021-2029)
- Regional Market, by Installation Type (2021-2029)
- Regional Market, by Infill Material (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Artificial Turf Market are:
- What was the Artificial Turf Market size in 2021?
- What is the expected Artificial Turf Market size by the end of the forecast period?
- What are the global trends in the Artificial Turf Market?
- What are the upcoming industry applications and trends for the Artificial Turf Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Artificial Turf Market?
- How is the intervention from regulatory authority shaping the Artificial Turf Market?
- What growth strategies are the players considering to increase their presence in Artificial Turf?
- Who are the leading companies and what are their portfolios in Artificial Turf Market?
- What are the major challenges that the Artificial Turf Market could face in the future?
- Who held the largest market share in Artificial Turf Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Material Type, Application, Installation Type and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Turf Care Equipment Market – The market size is expected to reach USD 19.91 billion by 2029 at a CAGR of 7.6 percent during the forecast period. The market is expected to be driven by the increasing demand for DIY landscaping projects across the world.
Turf Protection Chemicals Market – The market size is expected to reach USD 8.94 billion by 2029 at a CAGR of 4.7 percent during the forecast period. The market is expected to be driven by the increasing popularity of sports such as golf, cricket and football.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical Installation Type, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Installation Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Installation Typeion and demand analysis, and client impact studies.
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