USD 3.11 billion
Report ID:
SQMIG25F2070 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|Tables:
89
|Figures:
76
Artificial Grass Turf Market size was valued at USD 3.11 billion in 2019 and is poised to grow from USD 3.28 billion in 2023 to USD 5.1 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
The primary drivers driving the need for artificial turf are the rising desire for flooring products that are simple to maintain, strong, and affordable for usage in outdoor applications. Millions of gallons of water are saved each year by using artificial turf on playgrounds and lawns. Additionally, the toxic chemicals and fertilisers needed to grow natural grass are eliminated by these goods. Additionally, they are simple to repair and replace, which greatly lowers the cost of maintenance for consumers.
A major driver supporting the industry in the US is the expansion of the construction sector. Construction projects for homes, sports arenas, stadiums, and commercial gardens all have a high need for artificial turf. Artificial turf sales have increased in the nation because to early acceptance and product advancements. Antibacterial qualities in contemporary artificial grass aid in limiting the spread of germs and bacteria. Additionally, unlike genuine grass, the product is not exposed to potentially dangerous chemicals, making it suitable for both children and pets. As a result, over the anticipated time, there will likely be an increase in demand for the goods at parks and playgrounds.
Due to the product's resistance to wear and tear, schools and sports teams are anticipated to be its main customers. The growth of the market is anticipated to be positively impacted by rising sports participation in Asian nations and rising government spending on sports facilities and programmes. Over the anticipated period, demand for artificial turf in public places for water-saving landscaping solutions is anticipated to increase. The parties involved in the development, use, testing, and consultation of synthetic grass products are represented by the Synthetic Turf Council. Such groups' promotional efforts will probably help the sector grow.
US Artificial Grass Turf Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.11 billion
Largest Segment
Polypropylene
Fastest Growth
Polypropylene
Growth Rate
5.4% CAGR
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The global artificial grass turf market has been segmented based on material, application, and region. By type, the artificial grass turf market is segmented into nylon, polypropylene, polyethylene, and others. Based on the application Artificial Grass Turf Market is classified as sports courts & gardens, residential, and commercial. Based on distribution channel, the Artificial Grass Turf Market was segmented Offline stores and Online stores. Based on region the artificial grass turfs are segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Artificial Grass Turf Market Analysis by Material
In terms of volume and revenue, polyethylene-based artificial grass held the largest market share in 2021, and it is anticipated that this dominance will sustain during the forecasted period. The products' superior qualities, including their robustness, softness, and durability, are what is making them more and more popular in end-user applications. Due to its lower price and longer lifespan, polypropylene-based artificial turfs gained a sizable part of the market in terms of consumption in 2021. The product's limited expansion in popular outdoor sports applications, however, is impeding the growth of the artificial grass turf market as a whole. These factors include the product's harshness on the skin, poorer heat resistance, and lesser durability.
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Due to the huge number of sports courts for various games including tennis, football, hockey, and others, the Europe region is expected to have a significant artificial grass turf market share in the global grass turf market. There are 91,000 sporting clubs in Germany. Moreover, an expanding number of the need for grass turf sheets for their fields is also being driven by educational institutions, local parks, and playgrounds will boost the market share of the region.
The artificial grass turf market is anticipated to expand more quickly in the Asia Pacific region due to consumers' growing propensity to renovate their yards, outdoor spaces, and rooftops of homes and businesses. Furthermore, boosting government assistance for countries like China and India are developing their hotel and restaurant infrastructure, increasing the need for the grass turf industry. It was reported by the Department of The Government of India's Planning & Development, Andhra Pradesh, that for the construction of the hotels, houses, and residential schools, US$ 0.3 million was allotted.
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Artificial Grass Turf Market Driver
Artificial Grass Turf Market Restraint
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Due to the existence of international manufacturers and a large number of domestic companies providing application-specific products, the global artificial turf industry is relatively competitive. While investing in R&D, the players mostly concentrate on enhancing the product's longevity and durability to withstand the competitive climate. For instance, In April 2021, The Recreational Group (RG), acquired three businesses involved in the distribution and installation of turf and is a well-known supplier of residential and commercial materials for recreational surfacing. These businesses include Synthetic Grass Pros, Turf Factory Direct, and EasyGrass, LLC. The capabilities and geographic reach of RG would be enhanced by this acquisition.
Artificial Grass Turf Market Top Player's Company Profiles
Artificial Grass Turf MarketRecent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, polyethylene dominated the global artificial grass turf market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Europe dominated the global. The artificial grass turf market owing to the region & high population, as well as a significantly higher number of sports, played among the people.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 3.11 billion |
Market size value in 2031 | USD 5.1 billion |
Growth Rate | 5.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artificial Grass Turf Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Grass Turf Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Grass Turf Market:
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Report ID: SQMIG25F2070
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