Lawn Grass Turf Grass Market Scope
Lawn grass turf grass is a natural or artificial grass that is widely used for landscaping in households and commercials. Artificial turf grass is gaining more popularity for applications on the sports fields for players’ safety due to its low maintenance. Further, many schools are installing artificial grass to create a clean environment and play & learn outdoor for children, which will create huge demand for the turf. Further, the increasing use of turfgrass at galleries, near swimming pools, and in backyards by the households will accelerate the growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AvenGrass (Turkey), CCGrass (China), Royal Grass (Netherlands), SIS Pitches (United Kingdom), Sunwing Industries Ltd. (China), Bellinturf (Vietnam), Maverick Corporation (India), P.K. Versi Turf Private Limited (India), EasyTurf (United States) and ForeverLawn (United States) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lawn Grass Turf Grass market throughout the predicted period.
AvenGrass (Turkey), CCGrass (China), Royal Grass (Netherlands), SIS Pitches (United Kingdom), Sunwing Industries Ltd. (China), Bellinturf (Vietnam), Maverick Corporation (India), P.K. Versi Turf Private Limited (India), EasyTurf (United States) and ForeverLawn (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are SynLawn (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lawn Grass Turf Grass market by Type , by Application (Decoration, Household, Gardening, Commercial and Others) and Region with country level break-up.
On the basis of geography, the market of Lawn Grass Turf Grass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2021, Crestview Partners (“Crestview”) today announces its acquisition of TenCate Grass Holding B.V. from Royal TenCate (“TenCate”), owned by a consortium led by Gilde Buy Out Partners (“Gilde”). Crestview is investing alongside the existing management team, which will continue to lead the Company’s growth in the years ahead
In December 2020, ECHO Incorporated launched its newest shafted hedge trimmer for North America, the HCA-2620S. The HCA-2620S, a must-have tool for commercial landscapers, is available just in time for the peak season for trimming hedges, which is just before the first blossoming.
Influencing Trend:
Growing Popularity of Natural Lawn/Turf Grass for the Gardening, Backyards, and Commercial or Residential Playgrounds
Market Growth Drivers:
Consumers’ Growing Preference for Artificial Turf Grass for Decoration and Household Applications and Increased Demand for Turf Grass in the Sports Field Applications
Challenges:
Lack of Natural, Fresh-Cut Smell May Limit the Application of Artificial Turf for the Gardening
Restraints:
High Cost of Artificial Grass and Huge Installation Charge of Turf Grass May Hamper the Growth
Opportunities:
High Adoption of Artificial Turfs for Decoration in Hospitality and Corporate Offices and Significant Growth of Leisure Facilities in the Developing Countries Will Boost the Market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Lawn Grass Turf Grass Manufacturers, Suppliers and Distributors of Lawn Grass Turf Grass, Venture Capitalists and Private Equity Firms and Others