Amid the COVID-19 crisis, the global market for Artificial Grass estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027.Flooring, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wall Cladding segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 27.7% share of the global Artificial Grass market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.7% CAGR for the Period of 2020-2027
The Artificial Grass market in the U. S. is estimated at US$963.4 Million in the year 2020. The country currently accounts for a 27.08% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 8.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the year 2027.The publisher brings years of research experience to this 9th edition of our report. The 376-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Act Global
- Controlled Products, LLC
- DowDuPont, Inc.
- El Espartano
- Matrix Turf
- Shaw Industries Group, Inc.
- SIS Pitches
- Sport Group
- Tarkett Group
- Victoria PLC
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude into Artificial Grass Market
Contact Sports Remains the Prominent End User Segment in Artificial Grass Market
Asia-Pacific Region to Register Fastest Growth during the Analysis Period
Global Competitor Market Shares
Artificial Grass Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Artificial Grass Market: Percentage Breakdown of Market Shares by Leading Players (2018)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
An Overview of Leading Market Players
3. MARKET TRENDS & DRIVERS
Increasing Sports Venues Substituting Natural Grass with Artificial Turf
Eco-friendliness and Affordability Features of Artificial Grass Support Market Growth
Technological Advancements to Spur Market Demand
Low in Water Usage Factor is Driving Demand for Artificial Grass Market
Threat to Environment and Health due to Use of Artificial Grass to Hamper Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Artificial Grass Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Artificial Grass Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 43
- ACT GLOBAL
- CONTROLLED PRODUCTS, LLC
- EL ESPARTANO
- MATRIX TURF
- SIS PITCHES
- SHAW INDUSTRIES GROUP
- SPORT GROUP
- TARKETT SAS
- VICTORIA PLC
- CONDOR GROUP
- DUPONT DE NEMOURS, INC.
- DOW INC.