USD 5.1 billion
Report ID:
SQMIG15F2105 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
63
|Figures:
75
Global Artificial Turf Market size was valued at USD 3.11 billion in 2022 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).
Artificial Turf Market size was valued at USD 3.28 Billion in 2023 and is poised to grow from USD 3.46 Billion in 2024 to USD 5.32 Billion by 2032, growing at a CAGR of 0.0552 during the forecast period (2025-2032).
Furthermore, infrastructure development couple with the growth in construction sector is another key factor favoring the market growth for artificial turf. Artificial turf has gained a high demand in the construction projects for houses, playgrounds, sports arenas, and commercial gardens. According to our findings, the global construction industry was valued at USD 7.3 trillion in 2019 and is expected to reach USD 12.6 trillion by 2031. Thus, this increase in construction industry is expected to have a positive impact on the global artificial turf market during the forecast period.
In addition, rising popularity of sporting events for games such as cricket, football, rugby, hockey, and golf is also contributing to the growth of the global artificial turf market. Many new artificial turfs are being set up and install for soccer and rugby grounds, with the most notable development being the usage of artificial turfs for the FIFA World Cup and FIFA Women’s World Cup.
US Artificial Turf Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.1 billion
Largest Segment
Polypropylene
Fastest Growth
Polypropylene
Growth Rate
5.4
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Global Artificial Turf Market is segmented by Material, Filament Type, Application, End-Use Industry and region. Based on Material, the market is segmented into Polyethylene, Polypropylene, Nylon, Hybrid (Polypropylene + Polyethylene), Others. Based on Filament Type, the market is segmented into Monofilament, Multi-Filament. Based on application, the market is segmented into Residential, Commercial, Sports. Based on End-Use Industry, the market is segmented into Building & Construction, Automotive, Artificial Grass, Stadium, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Artificial Turf Market Analysis by Material
By material type, polyethylene segment accounted for the largest share of the market in 2021 due to the superior characteristics of the material such as resilience, high durability, and softness. Furthermore, polyethylene is highly resistant to water absorption, durable than polypropylene, and softer than nylon, which makes it a perfect choice for variety of applications. Therefore, the demand for polyethylene is expected to gain a significant growth rate during the forecast period.
Moreover, nylon holds the second largest market share because of their properties such as resistant to UV radiation, most heat resistant material, and much longer colour life. In addition, innovations in materials for long colour holding, high-melting point, and wear resistant are further projected to drive the market growth of artificial turf.
Artificial Turf Market Analysis by Application
By application, the sports segment held the largest market share in 2021 at a healthy CAGR and is expected to maintain its dominance throughout the forecast period. Increasing participation in several sports events by young generation across the globe has created lucrative opportunities for the growth of the market in the coming years. Development of new sports arenas and grounds for playing outdoor sports including rugby, soccer, and tennis has led to the growing demand for artificial turf.
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Globally, Europe accounted for the largest market share in terms of revenue in 2021 and is projected to grow at a significant CAGR during the forecast period. Presence of a huge number of sports arenas, stadiums, switching trends from natural to synthetic grass, and rising popularity of sports among young generation are some of the major factors driving the growth of the market in the region. According to a data by Germany’s Presidency of the Council of European Union, in 2018, there were around 91,000 sports club running in Germany, and is expected to reach 100,000 sports club by 2023.
Furthermore, Asia Pacific is expected to register a significant growth rate over the forecast period owing to growing constructions and rising investments by international companies in the region. In addition, rising government support for the development of sports activities in countries such as India, China, and Brazil is further driving the demand of global artificial turf market.
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Artificial Turf Market Drivers
Artificial Turf Market Restraint
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The global artificial turf market is fairly competitive with the top 5 players of market accounted for more than 45% of market share, and Tarkett Group is a major leading player in the global market. Key players of market are mainly focusing on the expansion, mergers & acquisition, and new product launches as key strategies to get command on higher market share and fulfil their customers need. Moreover, research & development activities for the advancements in the technologies are another factor on which key players are likely to implement over the forecast period.
Top Players in the Artificial Turf Market
Artificial Turf Market Recent Developments
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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global artificial turf market is witnessing a significant growth during the forecast period owing to rise in health awareness among people, growth in construction sector, and several number of sporting events happening across the globe. In addition, the challenges associated with natural grass such as high maintenance cost, use of fertilisers, frequent cutting, and grass allergies has also created lucrative opportunities for the artificial turf to replace the original from the artificial one. However, complications come under an artificial turf like sinking holes and spots, foul odour, lifted edges, and drainage problems are expected to have a negative impact on the global market in the near future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.28 Billion |
Market size value in 2032 | USD 5.32 Billion |
Growth Rate | 0.0552 during the forecast period (2025-2032).% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Turf Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Artificial Turf Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2105
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