IMARC Group, a leading market research company, has recently releases report titled “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global artificial turf industry growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Artificial Turf Market?
The global artificial turf market size reached US$ 3,379.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,779.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028.
What is Artificial Turf?
Artificial turf, commonly known as synthetic grass, is a carpet made of artificial fibers to resemble natural grass. It is widely used in stadiums and arenas for sports initially played on natural grass fields. It is durable, eliminates the need for trimming or irrigation, is easily recyclable, and has a minimal environmental impact. As a result, artificial turf is gaining immense traction in residential and commercial sectors across the globe.
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What are the growth prospects and trends in the artificial turf industry?
The global artificial turf market is primarily driven by increasing demand for flooring products that are affordable, long-lasting, and easy to maintain for outdoor applications. Moreover, the rising number of sporting events and competitions and bad weather conditions that prevent the proper growth of natural grass have augmented the product demand.
Additionally, the surging adoption of artificial turf in public areas, such as airports, restaurants, and hotels, as it saves water, is positively influencing market growth. Besides this, heavy investments by governments of numerous countries in infrastructure development projects for constructing new commercial sports complexes, gardens, and stadiums are propelling market growth. Furthermore, the rising consumer demand for attractive lawns and playgrounds in homes or societies due to improving lifestyles and inflating consumer disposable incomes are contributing to market growth.
Other factors, including increasing applications in leisure and landscaping sectors, easy product availability via e-commerce platforms, and rapid urbanization, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Polyethylene
- Polypropylene
- Polyamides
- Others
Breakup by Application:
- Households
- Sports and Leisure
- Restaurant and Hotels
- Airports and Commercial Offices
- Others
Breakup by Distribution Channel:
- Direct Sales/B2B
- Online Stores
- Specialty Stores
- Convenience Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Act Global, CoCreation Grass Co. Ltd, Condor Group, Dow Inc., ForestGrass, Global Syn-Turf Inc., Polytan GmbH, Shaw Industries Group Inc. (Berkshire Hathaway Company), SIS Pitches, SpectraTurf Inc. (Ecore International Inc.), Sport Group Holding GmbH, Tarkett S.A. and TenCate Grass.
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