Product ID: SQMIG15F2105
Report ID:
SQMIG15F2105 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
63 |
Figures:
75
Globally, Europe accounted for the largest market share in terms of revenue in 2021 and is projected to grow at a significant CAGR during the forecast period. Presence of a huge number of sports arenas, stadiums, switching trends from natural to synthetic grass, and rising popularity of sports among young generation are some of the major factors driving the growth of the market in the region. According to a data by Germany’s Presidency of the Council of European Union, in 2018, there were around 91,000 sports club running in Germany, and is expected to reach 100,000 sports club by 2023.
Furthermore, Asia Pacific is expected to register a significant growth rate over the forecast period owing to growing constructions and rising investments by international companies in the region. In addition, rising government support for the development of sports activities in countries such as India, China, and Brazil is further driving the demand of global artificial turf market.
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REQUEST FREE CUSTOMIZATIONRising demand for durable, easy to maintain, and cost-effective flooring products for the use in outdoor applications across the globe are the major factor driving the growth of the global artificial turf market over the forecast period. Increase in use of artificial turf in playgrounds, lawns, and gardens due to their numerous benefits such as save water, ease-to-use, long life, and eliminates harmful fertilizers is also likely to be a key driving factor for the market in the coming years.
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Product ID: SQMIG15F2105