Artificial Turf Market Size to Grow USD 7764.2 Million by 2029 at a CAGR 13.7% | Valuates Reports
BANGALORE, India, Oct. 12, 2023 /PRNewswire/ -- The Global Artificial Turf Market is Segmented by Type (PE Artificial Grass Turf, PP Artificial Grass Turf, Nylon Artificial Grass Turf), by Application (Sports, Leisure & Landscaping): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Home & Garden.
Artificial Turf market was valued at USD 3128.6 Million in 2022 and is anticipated to reach USD 7764.2 Million by 2029, witnessing a CAGR of 13.7% during the forecast period 2023-2029.
Major Factors Driving the Growth of Artificial Turf Market:
The primary drivers driving the need for artificial grass are the rising desire for flooring materials that are simple to maintain, strong, and affordable for usage in outdoor applications.
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TRENDS INFLUENCING THE GROWTH OF ARTIFICIAL TURF MARKET:
Due to the product's resistance to wear and tear, schools and sports teams are anticipated to be its main customers. The growth of the market is anticipated to be positively impacted by rising sports participation in Asian nations and rising government spending on sports facilities and programmes. Growing health consciousness has encouraged individuals to participate in sports. This has raised demand for sports grounds and stadiums with all the necessary amenities. It is anticipated that the spike in demand would further fuel Artificial Turf Market expansion.
Over time, artificial turf may prove to be less expensive to maintain. This is due to the expense of maintaining natural grass, which includes the cost of water, grass feed, lawnmowers, hoses, strimmers, rakes, weed killers, and fertilizers. Due to this, it is far less expensive than genuine grass throughout the course of its lifecycle. Pets are welcome on artificial grass. Dogs cannot dig up the grass or cause mud spots to ruin it. In addition, dogs like playing on it just as much as actual grass. A mild detergent, water, and one of our pet-friendly solutions may be used to quickly and inexpensively remove animal excrement from the grass.
With the exception of the occasional sweep and rinse to keep leaves and debris at bay, synthetic lawn requires almost no upkeep. This is quite different from genuine grass, which needs regular watering, reseeding, and mowing. Compared to the inexpensive and hassle-free upkeep of artificial grass, this is not only time-consuming, but also extremely expensive. The fact that artificial grass is resistant to adverse weather conditions, unlike its natural equivalent, is one of its major advantages. When it comes to actual grass, excessive sun may dry it out while excessive rain might drown it. Natural grass is extremely sensitive to its surroundings since it is a living thing.
Natural grass, as already noted, is particularly susceptible to environmental factors, which may cause patchiness and discoloration. Garden will not receive the same amount of sunshine across the space, causing some areas to look barren and brown. Additionally, since grass seed needs soil to thrive, locations with genuine grass are often quite muddy, which is very annoying. Additionally, unattractive weeds will unavoidably spread across grass, adding to the already time-consuming care.
Artificial grass is the ideal choice as a result. It is not only unaffected by the environment, but it also prevents weeds from growing and muck from spreading. In the end, artificial lawn enables a tidy and uniform result.
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ARTIFICIAL TURF MARKET SHARE ANALYSIS
CCGrass, Sport Group Holding, Qingdao Qinghe Artificial Turf Co., Ltd., and others are major participants in the global artificial turf market. The top 5 producers worldwide control around 35% of the market.
The biggest market is China, with a market share of over 40%, followed by North America and Europe, each of which have a market share of roughly 50%.
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Key Companies:
- CCGrass
- Sport Group Holding
- TenCate Grass
- FieldTurf
- Shaw Sports Turf
- Sports & Leisure Group
- Condor Grass
- Victoria
- Taishan
- Hellas Construction
- All Victory Grass
- Mighty Grass Co., Ltd.
- Jiangsu Vivaturf Artificial Grass
- Nurteks
- Sprinturf
- Beaulieu International Group
- SIS Pitches
- ForeverLawn, Inc. (DuPont)
- Global Syn-Turf
- ACT Global Sports
- Controlled Products
- Saltex
- Guangdong Citygreen Sports Co., Ltd.
- Dorelom Group
- Qingdao Qinghe Artificial Turf Co., Ltd.
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SIMILAR REPORTS
- The global Sports Turf Seed market is projected to grow from USD 1063050 million in 2023 to USD 1489570 million by 2029, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.
- The Nature Grass market was valued at USD 5058 million in 2022 and is anticipated to reach USD 6236.1 million by 2029, witnessing a CAGR of 3.0% during the forecast period 2023-2029.
- Sports Turf market was valued at USD 1935 million in 2022 and is anticipated to reach USD 3166 million by 2029, witnessing a CAGR of 7.2% during the forecast period 2023-2029.
- Playground Hybrid Turf Market
- Turf and Ornamental Chemicals Market
- Artificial Turf Cleaning Machine Market
- Sports Turf Maintenance Equipment Market
- Artificial Leisure Turf Market
- Synthetic Turf Installation Market
- Turf Tires (Lawn Mower Tires) Market
- Artificial Turf Installation Service Market
- Artificial Grass Cleaner Market
- Commercial Turf Care Equipment Market
- Artificial Turf for Playground Market
- Wall Cladding Artificial Grass Market
- Artificial Football Field Turf Market
- Artificial Airport Turf Market
- Synthetic Turf Protection Flooring Market
- Lawn Mower market size is estimated to be worth USD 22790 million in 2022 and is forecast to a readjusted size of USD 51350 million by 2028 with a CAGR of 14.5% during the review period.
- Garden Tools market was valued at USD 19670 million in 2020 and is expected to reach USD 23340 million by the end of 2027, growing at a CAGR of 2.6% during 2021-2027.
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