Artificial Turf Market 2022-2027 : Size, Industry Share, Trends, Report, Growth, Scope, Analysis, Top Key Players
According to the latest report by IMARC Group, titled “Global Artificial Turf Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global artificial turf market reached a value of US$ 3,187.80 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,522.0 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
Artificial turf, also known as synthetic grass, is a carpet-like material made up of synthetic fibers such as polyethylene, nylon, polypropylene and polyamides to resemble natural grass. It is mostly used in stadiums and arenas for sports that were originally played on natural grass surfaces. However, over the years, artificial turf has also gained traction in the residential and commercial sectors as it is recyclable, has a low environmental impact, and eliminates the use of water, pesticides, and fertilizers.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Artificial Turf Market Trends and Drivers:
The market is primarily driven by the rising demand for durable, cost-effective, and easy-to-maintain flooring products for outdoor applications. In addition, the increasing number of sports events and tournaments and unfavorable climatic conditions for proper growth of natural grass are escalating the demand for artificial turf in the sports sector.
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Besides this, the market is further propelled by the increasing usage of artificial turf in public places, such as restaurants, airports, and hotels, due to their water-saving properties. Moreover, several key players are introducing innovative product variants such as artificial turfs with wear-resistant and antibacterial properties that prevent bacterial growth, representing another growth-inducing factor.
Furthermore, rapid urbanization, easy product availability via e-commerce platforms and growing consumer inclination toward attractive lawns and playgrounds in homes or societies are some of the other factors anticipated to propel the market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Artificial Turf Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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The report has segmented the market on the basis of region, material, application and distribution channel.
Breakup by Material:
Breakup by Application:
- Sports and Leisure
- Restaurant and Hotels
- Airports and Commercial Offices
Breakup by Distribution Channel:
- Direct Sales/B2B
- Online Stores
- Specialty Stores
- Convenience Stores
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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