Industry Background:
Rising Demand of sports venue will help to boost global artificial turf market. Artificial turf refers to man-made surfaces that are designed to look like natural turf surfaces. There are now some enhanced fiber designs, advanced materials, and manufacturing techniques used to creates artificial turfs. Reinforced natural grass or hybrid grass is a new generation product produced by merging natural turf with synthetic reinforcing fibers. The most prominent use of artificial turf is for stadium pitches as well as training pitches due to its high durability, low maintenance, and virtual appeal due to its high durability, low maintenance, superior quality, all-weather utility, virtual appeal, and eco-friendly attribute. Hence, the probable benefits accessible by artificial turfs rises its scope of applications in the global market. This is estimated to offer profitable opportunities to companies in the market in the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | DowDuPont (United States), Tarkett (France), Controlled Products (United States), Shaw Industries Group (United States), Victoria PLC (United Kingdom), Act Global (United States), SportGroup (Germany), TigerTurf (New Zealand), SIS Pitches (United Kingdom) and Matrix Turf (United States) |
According to AMA, the market for Artificial Turf is expected to register a CAGR of 10.2% during the forecast period to 2028. This growth is primarily driven by Upsurge in the Number of Stadiums Using Artificial Turf and Cost Advantages of Artificial Grass.
Globally, a noticeable market trend is evident Increasing Demand from Sports Sites
The Consumer Goods sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as DowDuPont (United States), Tarkett (France), Controlled Products (United States), Shaw Industries Group (United States), Victoria PLC (United Kingdom), Act Global (United States), SportGroup (Germany), TigerTurf (New Zealand), SIS Pitches (United Kingdom) and Matrix Turf (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27th August 2018, Tarkett, a global leader in flooring and sports surfaces solutions has acquired Lexmark Carpet Mills. Lexmark produces high-quality carpet, primarily for the North American hospitality segment.
In October 2021, Sentinel Capital Partners, a private equity firm investing in mid-market companies, acquired Controlled Products, a market-leading manufacturer and distributor of premium synthetic turf products for landscaping, sports, commercial and specialty applications. Headquartered in Dalton, Georgia, Controlled Products develops and distributes a variety of premium artificial turf solutions through an international network of dealers and customers to company-owned and franchise-purchased Green stores. Controlled Products serves a diverse range of residential, commercial and field customers through its own brand and private label products, including GrassTex, SporTurf and Synthetic Turf International.
Influencing Trend:
Increasing Demand from Sports Sites and High Demand Due to Eco-Friendly Attributes Of Artificial Turf
Market Growth Drivers:
Upsurge in the Number of Stadiums Using Artificial Turf and Cost Advantages of Artificial Grass
Challenges:
High Field Temperatures Associated With Artificial Turf
Restraints:
Health and Environmental Impact of Artificial Turf
Opportunities:
Opportunities in Developing Nations and Nations with Harsh Climate and R&D Activities and Advancements in Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Artificial Turf Market
- Analysis about New Entrants in Artificial Turf Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Artificial Turf Study Sheds Light on
The Artificial Turf Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Artificial Turf industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Turf industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.