Report ID: SQMIG25F2070
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.
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Report ID: SQMIG25F2070