Global Artificial Turf Market Size, Share, Growth Analysis, By Material(Polyethylene, Polypropylene), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Report ID: SQMIG15F2105 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 63 | Figures: 75

Global Artificial Turf Market News

In May 2022, SYNLawn, the leading manufacturer and unrivaled innovator company of artificial grass in North America, announced that the company, through SYNLawn Southern Nevada will expand their service to Reno and Las Vegas areas, after a long number of years of successfully operating in the Southern Nevada.
In September 2022, Sentinel Capital partners, a private equity firm that invest in promising and reliable mid-market companies, announced about their acquisition of the Recreational Group, a leading manufacturer of recreational surfacing products.

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Rising 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.

The global artificial turf market is fairly competitive with the top 5 players of market accounted for more than 45% of market share, and Tarkett Group is a major leading player in the global market. Key players of market are mainly focusing on the expansion, mergers & acquisition, and new product launches as key strategies to get command on higher market share and fulfil their customers need. Moreover, research & development activities for the advancements in the technologies are another factor on which key players are likely to implement over the forecast period. 'Tarkett SA', 'Shaw Industries Group Inc.', 'Controlled Products LLC', 'ACT Global Sports', 'Polytan GmbH', 'Forest Grass', 'Beaulieu International Group', 'CoCreation Grass Corporation', 'FieldTurf', 'SIS Pitches', 'Domo Sports Grass', 'Limonta Sport S.p.A.', 'Edel Grass B.V.', 'Taishan Artificial Turf Industry Co. Ltd.', 'Nurteks Hali San. Ve Tic. A.S.', 'Victoria PLC', 'Sports Field Holdings Inc.', 'TenCate Grass', 'Matrix Turf', 'Global Syn-Turf'

Artificial turf has become more and more popular because of the high adoption in sports and construction sector across the globe. The factors such as long-lasting product, lower maintenance cost, and fabulous look are the major reasons for the growth of the global artificial turf market over the forecast period. The use of artificial turf is most preferred option for playgrounds and sports arenas in place of natural grass because natural grass requires pesticides, herbicides, and fertilizers to stay attractive and good enough for playing.

Increasing demand for the replacement of natural grass with artificial turf is the prominent factors responsible for the boost in the market. Artificial grass doesn’t require much maintenance, as an inability to grow means that cutting for them is also not required. In addition, many people have allergy with the natural grass which can be solved by using artificial grass.

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.

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Global Artificial Turf Market Size, Share, Growth Analysis, By Material(Polyethylene, Polypropylene), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Global Artificial Turf Market News

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