Artificial Turf Market Till 2035: Distribution by Type of Usage, Type of Material, Areas of Application, Type of Installation, Company Size, Key Geographical Regions: Industry Trends and Global Forecasts

The global artificial turf market size is estimated to grow from USD 4.87 billion in the current year to USD 9 billion by 2035, at a CAGR of 6.34% during the forecast period, till 2035.

ARTIFICIAL TURF MARKET: GROWTH AND TRENDS

Artificial turf consists of synthetic fibers crafted to resemble natural grass and is primarily made from two polymers, namely polyolefin and polyamide. It is widely used in sports arenas, stadiums, and both residential and commercial properties due to its low maintenance requirements when compared to real grass. The increasing trend of incorporating artificial turf in landscaping is likely to boost market expansion in the coming years.

Artificial turf is especially favored in contact sports such as soccer and rugby, as it provides a dependable playing surface. Its adaptability allows for use in diverse locations, including backyards, edges, walkways, medians, and around swimming pools, making it a superb option for designing playgrounds in both private and public settings. A significant benefit of artificial turf is its resilience; it is resistant to UV rays and can function effectively for numerous years if properly cared for. As urban growth continues in both advanced and emerging nations, the demand for artificial turf is projected to rise considerably, therefore the artificial turf market is expected to grow at a healthy rate during the forecast period.

ARTIFICIAL TURF MARKET: KEY SEGMENTS

Market Share by Type of Usage

Based on type of usage, the global artificial turf market is segmented into contact sports, landscape, leisure, and non-contact sports. According to our estimates, currently, contact sport segment captures the majority share of the market. This can be attributed to the rising popularity of sports like soccer, rugby, and hockey, which necessitate durable and high-quality surfaces that artificial turf can offer.

However, the landscape segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to the increasing popularity of residential and commercial landscaping, where the advantages of artificial grass include minimal maintenance, visual attractiveness, and water conservation. As urbanization continues and green areas become scarce, the uptake of artificial turf in landscaping is accelerating, thereby driving market expansion.

Market Share by Type of Material

Based on type of material, the artificial turf market is segmented into polyethylene, polyamides, polypropylene, nylon, and sand plant infill material. According to our estimates, currently, polyethylene segment captures the majority of the market. This growth can be attributed to its features like durability, softness, and resilience. This material is commonly utilized in both sports fields and landscaping applications as it mimics the natural grass look effectively. Additionally, it offers outstanding performance attributes, such as adequate drainage and a soft feel underfoot.

However, the nylon segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to the remarkable strength and durability of nylon, making it a favored choice in contact sports such as soccer and rugby, where issues of wear and tear are prominent. Nylon fibers can endure intense foot traffic while preserving their structural integrity over time.

Market Share by Areas of Application

Based on areas of application, the artificial turf market is segmented into commercial, residential, and sports. According to our estimates, currently, sports segment captures the majority share of the market. This can be attributed to the rising involvement of the youth in outdoor sports around the world, leading to a demand for the development of new stadiums and sports fields, which in turn drives market growth. Further, the establishment of sports facilities and stadiums for widely played outdoor sports like rugby and tennis is also playing a crucial role in the growth of this market segment.

However, the commercial segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period, owing to the extensive use of artificial turf in commercial settings, including public gardens, pathways, amusement parks, and hotels, as well as other public utility.

Market Share by Type of Installation

Based on type of installation, the artificial turf market is segmented into flooring and wall cladding. According to our estimates, currently, flooring segment captures the majority share of the market. Additionally, this segment is projected to experience a relatively higher compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to the extensive use of artificial turf in sports complexes, playgrounds, and landscaping, where flooring applications are vital for both functionality and visual appeal. However, the wall cladding segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period.

Market Share by Company Size

Based on company size, the artificial turf market is segmented into large and small and medium enterprise. According to our estimates, currently, large enterprise captures the majority share of the market. On the other hand, small and medium enterprises are projected to experience a relatively higher growth rate during the forecast period. This growth can be attributed to their flexibility, innovation, emphasis on niche markets, and capacity to adjust to evolving customer needs and market dynamics.

Market Share by Geographical Regions

Based on geographical regions, the artificial turf market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Europe captures the majority share of the market. This can be attributed to the region's well-established industrial base and a strong focus on high-quality pitches for sports. Countries, such as Germany, UK, and France play a significant role in driving this growth, bolstered by substantial investments in sports facilities and recreational spaces.

ARTIFICIAL TURF MARKET: RESEARCH COVERAGE

The report on the artificial turf market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the artificial turf market, focusing on key market segments, including [A] type of usage, [B] type of material, [C] areas of application, [D] type of installation, [E] company size, and [F] key geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the artificial turf market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the artificial turf market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] service / product portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• Megatrends: An evaluation of ongoing megatrends in the artificial turf industry.
• Patent Analysis: An insightful analysis of patents filed / granted in the artificial turf domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
• Recent Developments: An overview of the recent developments made in the artificial turf market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
• Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the artificial turf market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.

KEY QUESTIONS ANSWERED IN THIS REPORT

• How many companies are currently engaged in artificial turf market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

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• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

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