Industry Background:
Artificial turf is a manmade natural grass surface which is prepared to appear similar to normal grass. It requires low maintenance cost and is eco-friendly. It reduces carbon emission as well as and does not require mowing, watering, trimming, pesticides and fertilisers. It also eliminates the use of types of equipment such as gas-powered lawnmower which cause air and noise pollution. Artificial turf is gentle to the skin which is widely used for sports pitches due to its high durability, low maintenance, virtual appeal and superior quality attributes.
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), Matrix Turf (United States), Nurteks Hali (Turkey), Soccer Grass (Brazil), Limonta (Italy), Sportlink (Brazil) and El Espartano (Argentina) |
This growth is primarily driven by Increasing Population and Rise in Demand from Sports Events Around the Globe, Rise in the Number of Stadiums Using Artificial Turf and Cost Advantages of Artificial Grass.
Globally, a noticeable market trend is evident Technology Innovations Have Dramatically Changed Owing To Have Youth Sports Safer and Have Led To Better Played Games The Leisure Facilities 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), Matrix Turf (United States), Nurteks Hali (Turkey), Soccer Grass (Brazil), Limonta (Italy), Sportlink (Brazil) and El Espartano (Argentina), 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:
In October 2021, Sentinel Capital Partners, a private equity firm investing in promising mid-cap companies, acquired Controlled Products, a market-leading manufacturer and distributor of premium synthetic turf products for landscaping, sports, commercial and specialty applications. Terms of the deal were not disclosed.
In December 2017, Go Green Synthetic Lawn Solutions announced a change towards development and manufacturing sustainable and environmentally friendly products.
Influencing Trend:
Technology Innovations Have Dramatically Changed Owing To Have Youth Sports Safer and Have Led To Better Played Games
Market Growth Drivers:
Increasing Population and Rise in Demand from Sports Events Around the Globe, Rise in the Number of Stadiums Using Artificial Turf and Cost Advantages of Artificial Grass
Challenges:
Temperatures Associated With Artificial Grass
Restraints:
Environmental Impact on Artificial Grass
Opportunities:
Opportunities in Emerging Countries and Developed Countries with Harsh Climate
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 Lawns Market
- Analysis about New Entrants in Artificial Lawns 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 Lawns Study Sheds Light on
The Artificial Lawns Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Artificial Lawns industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Lawns 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.