Artificial Turf Market

SKU: DMMA3040 | Last Updated On: Oct 11 2022 | Available Formats

>Artificial Turf Market Expected to reach a high CAGR 10.5% during the forecast period 2022-2029:

Artificial Turf Market is segmented By Material Type (Polyamides, Polyethylene), By End-Use (Contact sports, Non-contact Sports, Landscaping, Leisure), By Application (Sports, Residential, Commercial), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Artificial Turf Market is expected to grow at a CAGR of 10.5% during the forecasting period (2022-2029).

Artificial turf is synthetic fibres that look like natural grass. Artificial turf is often used in sports arenas that were originally played on natural grass. Artificial turfs are the best alternatives to natural grass. Synthetic turf is made from polymer fibres such as polypropylene, polyethylene, and polyamides and is often used in the sports ground. Artificial turfs are highly durable, eco-friendly in nature, virtually appealing, and require low maintenance. The design and engineering of artificial turfs are constantly enhancing and enabling their use for various applications. Moreover, nowadays, artificial turf is used in residential as well as commercial lawns. Artificial turf is also used for rough sports and requires no trimming and irrigation.

Artificial Turf Market

Metrics

Details

Market CAGR

10.5%

Segments Covered

By Material Type, By Distribution Channel, By Vehicle and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Artificial Turf Market Dynamics:

Increasing sports activities around the world and rising government investments in the development of playgrounds and sports programs are positively impacting the growth of the global artificial turf market. Moreover, the rising demand for artificial turfs in public places led by water scarcity is likely to boost the artificial turfs market's growth over the forecast period.

Increasing Adoption of Artificial Turf in Various Sports Tournaments

Due to minimum maintenance and the increasing demand for artificial turfs in the sports and residential sectors is estimated to create a high growth potential in the global artificial turf market. Key factors responsible for the growing demand for synthetic turf in sports applications are the significant rise in the number of sports events and unpredictable climatic conditions for natural grass growth.

For instance, in 2015, South Korea has installed six artificial turf football pitches for the Gwangju 2015 due to its high durability and low maintenance.

Growing construction industry

The growing construction industry in developing and emerging economies is one of the key factors for driving the global artificial turf market's growth. Additionally, the demand for artificial turfs in stadiums, sports fields, commercial gardens, and houses is rising, which is estimated to increase artificial turfs' sales and production over the forecast period. An increase in the number of stadiums and domed may require artificial turf due to the difficulty of maintaining grass to stay healthy, which is anticipated to boost the growth of the global artificial turf market.

COVID-19 Impact Analysis

COVID-19 pandemic affected the global supply chain in many industries through disruption in the supply-demand scenario and have a financial impact on the global economy. COVID-19 has shut down the production and distribution facilities to minimize the risk of COVID-19, which negatively impacts the growth artificial turf market. Due to COVID-19, stadiums, gyms, sports complexes, lawns, where artificial turfs have a major application, were completely closed, which has decreased the demand for artificial turf and restraint the growth of the global market.

Artificial Turf Market Segment Analysis

Based on application, the artificial turf market has been segmented into commercial, sports, and residential.

Commercial application is estimated to be the fastest-growing segment during the forecast period.

Commercial application is projected to witness the fastest growth rate over the assessment period. Artificial turfs used in commercial applications are widely utilized in walkways, amusement parks, hotels, and public gardens. Moreover, growing commercial construction activities worldwide are likely to support the growth during the forecast period. Further, urban development in key geographies and increasing commercial playgrounds are anticipated to ascend the artificial turf industry's growth.

Based on material type, the global artificial turf market can be segmented into polyethylene, polyamides, polypropylene, nylon, etc.

The polyethylene segment is expected to dominate the market.

Polyethylene is estimated to remain the dominant segment in the global artificial turf market over the forecast period. Polyethylene is a versatile material and also has excellent durability, resilience, and softness.

Polypropylene is estimated to be the second-largest segment in the artificial turf market over the forecast period, followed by polyamides and nylon. Nylon turfs are gaining traction in the market as they can retain their original shape due to nylon's stiffness. Further, nylon turfs are resistant to extreme temperatures. However, the high costs of nylon turfs hamper its growth in the global market.

Artificial Turf Market Geographical Analysis

Based on geography, the study analyzes the artificial turf market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

Europe Dominates the Global Market

Europe is estimated to account significant share in the global artificial turf market and is expected to grow with a healthy CAGR over the projected period. An increase in the number of sports grounds, increasing popularity of outdoor sports, and switching trends from natural grass to synthetic grass are anticipated to boost the artificial turf market growth.

Moreover, Asia Pacific is anticipated to register a CAGR of 6.0%, in terms of volume, over the assessment period due to increased construction activities backed by increasing investments from foreign multinationals. Further, hospitality industries and developing tourism are the major drivers triggering the product's consumption in commercial applications. Moreover, growing constructions for commercial playgrounds and rapid urbanization are likely to support market growth.

Artificial Turf Market Competitive Landscape

The artificial turf market is highly competitive, owing to the presence of ample food brands. The key fake turf players which are contributing to the growth of the global market include DowDuPont, Tarkett, Controlled Products, Shaw Industries Group, Victoria PLC, Act Global Sport Group, TigerTurf, SIS Pitches, Matrix Turf, Nurteks Hali, Soccer Grass, Xuzhou Liufenliu E-commerce Co., Ltd., Wuxi HISOA Rubber & Plastic Material Type Co., Ltd., Wenan Green Hong Simulation Lawn Co., Ltd, Dorelom Artificial Grass Group Co., Ltd and Wuxi Like Green Lawn Co., Ltd., among others. The major players are adopting new product launch and expansion strategies for global growth in the artificial turf market.   

BASF SE Overview:

Victoria PLC engages in the manufacturing, supplying, distributing, and selling floor coverings and contemporary carpets. The company operates through the UK, Europe, and Australia geographical segments. Its brand includes Abingdon Flooring, Avalon, Carpet Line, Casainfinita, Distinctive, and Duralay. The company was founded in 1895 and is headquartered in Kidderminster, the United Kingdom.

Product Portfolio: The Company’s portfolio comprises tufted and Wilton woven carpets, floor coverings, two and three-fold yarn carpets, broadloom carpets and carpet tiles, and Axminster carpets and artificial turf, among others.

Frequently Asked Questions

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Functional Pet Food Market is expected to grow at a CAGR of 10.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

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Which is the fastest growing region in the Functional Pet Food Market?

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