The latest research study “Artificial Turf Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global artificial turf market size reached a value of US$ 3,187.80 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,522.0 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
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Artificial turf or synthetic grass is used as a replacement for natural grass. It is made using polymer fibers such as polypropylene, nylon, polyamides, and polythene. Nowadays, artificial turf is extensively utilized in backyards, terraces, lawns, and residential gardens due to its cost-effectiveness, easy-care, durability, and aesthetic appeal.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Artificial Turf Market Trends and Drivers:
One of the primary factors driving the market is the rising sports events and unfavorable climatic conditions for the proper growth of natural grass. Additionally, its water-saving property leads to its extensive application in hotels, restaurants, and airports.
Besides this, the rising expenditure capacities have increased the demand for artificial turf as consumers are becoming more inclined toward attractive lawns and playgrounds in houses. Furthermore, various product variations, such as turfs with antibacterial, water-resistant, and long color holding properties, create a positive market outlook.
Moreover, the extensive investments made by governments of various nations in infrastructure development projects, easy product availability via online platforms, and rapid urbanization are some of the other growth-inducing factors.
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|Artificial Turf Market Report Scope|
|Market size value in 2021||US$ 3,187.80 Million|
|Market forecast in 2027||US$ 4,522.0 Million|
|Growth Rate||CAGR of 5.70% from 2022 to 2027|
|Base year for estimation||2021|
Global Artificial Turf Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Act Global, CoCreation Grass Co. Ltd, Condor Group, Dow Inc., ForestGrass, Global Syn-Turf Inc., Polytan GmbH, Shaw Industries Group Inc. (Berkshire Hathaway Company), SIS Pitches, SpectraTurf Inc. (Ecore International Inc.), Sport Group Holding GmbH, Tarkett S.A. and TenCate Grass.
The report has segmented the market on the basis of region, material, application and distribution channel.
Breakup by Material:
Breakup by Application:
- Sports and Leisure
- Restaurant and Hotels
- Airports and Commercial Offices
Market Breakup by Distribution Channel:
- Direct Sales/B2B
- Online Stores
- Specialty Stores
- Convenience Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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