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Global Artificial Turf Market Strategies 2024, Forecast To 2033

25 Sep, 2024

The artificial turf market has shown robust growth, rising from $4.94 billion in 2023 to $5.41 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 9.4%. This growth is due to sports infrastructure development, aesthetic landscaping, water conservation, weather resistance, urbanization, limited green spaces, and reduced maintenance costs. Projected to reach $8 billion by 2028, the market is expected to grow at a CAGR of 10.3%. Key drivers include climate change considerations, increased sports events, commercial and residential construction, public parks, recreational spaces, and health and safety concerns. Trends include advancements in turf technology, innovations in materials, environmentally friendly and pet-friendly turf solutions, and a greater focus on safety and performance.

Major Driver In The Artificial Turf Market

The replacement of natural grass with artificial turf in sports stadiums is expected to propel the growth of the artificial turf market. Artificial turf offers social and health benefits in terms of the capacity to sustain heavy use and accessibility of the sports stadiums Stadium authorities are increasingly adopting plans to replace natural grass surfaces with synthetic turf to provide high-quality sports ground surfaces. For instance, according to the National Football League, a sports association in the United States, in April 2021, Bank of America Stadium has done the transition from natural grass to artificial turf in time before the Carolina Panthers pre-season, which was scheduled in August 2021. The decision to the replacement of the natural grass with artificial field turf was made to guarantee a consistent surface for not only the Panthers but also for other events. This will be made even for the Charlotte Football Club of Major League Soccer, which will begin playing at BOA in 2022, college football games, and concerts. Therefore, the replacement of natural grass with artificial turf in sports stadiums is driving the growth of the artificial turf market.

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Artificial Turf Market Competitive Landscape

Taishan Sports Industry Group Co. Ltd., DuPont Inc., Shaw Industries Group Inc., Tarkett S.A., CoCreation Grass Co. Ltd., Victoria PLC, TenCate Grass B.V., SIS Pitches Limited, Limonta Sport S.p.A., ForeverLawn Inc., Edel Grass B.V., Sprinturf LLC, CCGrass, Synthetic Grass Warehouse, Act Global LLC, Nurteks Hali Sanayi ve Ticaret A.S., GreenFields BV, Hatko Sport Inc., Domo Sports Grass, GrassTex, Sporturf, Challenger Turf Inc., K&B JUNWOO Co. Ltd., ForestGrass, Rekortan GmbH, Matrix Turf Inc., SportsGrass, Soccer Grass, Condor Grass, Artificial Grass Direct, Easigrass, Artificial Lawn Company, Beaulieu International Group, Controlled Products LLC

Key Artificial Turf Market Trend

Technological advancement and continuous innovations are shaping the artificial turf market. Companies in the turf or grass industry are following this trend to provide exceptional quality and real value for their customers with standout products, including unmatched lifetime warranties, commitment to sustainability, and the industry's leading safety ratings. For instance, in February 2021, SYNLawn, a US-based manufacturer of artificial grass, unveiled its new category of product enhancements and offerings, which include soy content, additional color options, advanced drainage, and Super Yarn technology. Super Yarn technology represents a significant step forward in the development of synthetic turf products. By combining three incredible features into one extruded grass yarn formulation, SYNLawn's Super Yarn technology transforms the turf industry. Super Yarn is the first of its kind artificial grass fiber, combining Sanitized antimicrobial technology with DualChill IR reflective technology and StatBlock anti-static technology at the molecular level.

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Artificial Turf Market Segmentation

The artificial turf market covered in this report is segmented –
1) By Material Type: Polyethylene, Polypropylene, Nylon, Other Materials
2) By Installation: Flooring, Wall Cladding
3) By Application: Residential, Commercial, Sports
By Geography:The regions covered in the artificial turf market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Western Europe was the largest region in the artificial turf market in 2023.

The Artificial Turf Global Market Report 2024 furnishes information about the global artificial turf market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.