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Artificial Turf Market Anticipated to Expand at a CAGR of 12.8% by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2027

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Artificial Turf Market Anticipated to Expand at a CAGR of 12.8% by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2027

November 06
20:10 2020
Artificial Turf Market Anticipated to Expand at a CAGR of 12.8% by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2027
The global artificial turf market is anticipated to expand at a CAGR around 12.8% during 2017-2027. It was valued around USD 2.5 billion in 2017.The rising sports activities is anticipated to increase the demand for the artificial turf during the forecast period.

Artificial turfs are the artificial grasses which are used in place of natural grass. These turfs are used for the sports activity. It generally uses less water than original grasses. The global artificial turf market can be segmented on the basis of material, end-user and grass thickness. On the basis of end-user, it is sub-segmented into contact sports, non-contact sports, landscaping and leisure. Contact sports sub-segmented is anticipated to be fastest growing sub-segment on the account of availability of good quality grass which offers better playing conditions for the players. The grass also saves the individual from any exterior injury. On the basis of material, it is sub-segmented into polyamides, polypropylene and polyethylene. Polyamides sub-segment is anticipated to be fastest growing sub-segment on the account of its high melting point and high wear resistance. On the basis of grass thickness it is sub-segmented into turf grass more than 10 mm, turf grass less than 25 mm, turf grass with 25 mm.

The global artificial turf marketis anticipated to expand at a CAGR around 12.8% during 2017-2027. It was valued around USD 2.5 billion in 2017.The rising sports activities is anticipated to increase the demand for the artificial turf during the forecast period. The environment friendly attribute related to the artificial turf is also expanding the market size of the artificial turf across the globe.

By region, Europe constitutes the largest market share of the artificial turf on the account of rising use of artificial turfs for sports activities as it reduces the chances of the injuries to the players. It also creates better environment conditions for the players to play on the turf. However, Asia-pacific is anticipated to be the fastest growing region for the artificial turf on the account of scarcity of water in some countries. The increasing sports events is the another factor for the expansion of the artificial turf market in the Asia Pacific region.

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Increasing application of artificial turf is anticipated to boost the global artificial turf market

The prominent factor that is driving the market is the wide use of artificial grass turfs for leisure and landscaping.The increasing demand for the artificial turf in residential and commercial properties is anticipated to boost the market growth of the artificial turf worldwide.The rise in the number of sports events, changing climatic conditions and increasing need for water conservation are also driving the market growth of the artificial turf. Other factors that are expected to increase the market of artificial turf include high application in hotels, airports etc.

The report titled “Artificial Turf Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global artificial turf market in terms of market segmentation by material, by end-user, by grass thickness and by region.          

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global artificial turf market which includes company profiling of key companies such as Sporturf, FieldTurf, HG Sports Turf, Forest Grass, Greenfields, Turf Products, and Turf Solutions, NewGrass, GTR Turf, TigerTurf Americas, SYNLawn, Turf & Garden, Easigrass, SIS Pitches, Artificial Lawn, Avalon, AstroTurf, CCGrass, GrassTex , DuPont, Challenger Industries, Global Syn-Turf and Garden Grass. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global artificial turf market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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