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 Insights

Artificial Turf Market size was valued at USD 3.11 billion in 2019 and is poised to grow from USD 3.28 billion in 2023 to USD 5.1 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

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.

Furthermore, infrastructure development couple with the growth in construction sector is another key factor favoring the market growth for artificial turf. Artificial turf has gained a high demand in the construction projects for houses, playgrounds, sports arenas, and commercial gardens. According to our findings, the global construction industry was valued at USD 7.3 trillion in 2019 and is expected to reach USD 12.6 trillion by 2031. Thus, this increase in construction industry is expected to have a positive impact on the global artificial turf market during the forecast period.

In addition, rising popularity of sporting events for games such as cricket, football, rugby, hockey, and golf is also contributing to the growth of the global artificial turf market. Many new artificial turfs are being set up and install for soccer and rugby grounds, with the most notable development being the usage of artificial turfs for the FIFA World Cup and FIFA Women’s World Cup.

US Artificial Turf Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Artificial Turf Market Report Snapshots

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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 Insights

Global Artificial Turf Market Report Snapshots

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