According to Future Market Insights, the artificial turf market size is expected to reach US$ 4,671.82 million by 2023, and ultimately to US$ 10,120 million by 2033, growing at an 8% CAGR. A bocce ball court, tennis court, putting green, or patio are all ideal recreational areas for artificial turf. The surface is highly resistant to wear and tear and can withstand high foot traffic. A variety of patterns and odd shapes can be created with this material because of its ease of cutting and shaping.
Long-term value and cost efficiency are major advantages of artificial turf. The investment, while it may seem expensive at first, can actually enhance the value of an individual’s home over a period of several years. After considering the relatively small amount of time and money spent on maintenance, the grass pays for itself in a couple years after the cost of installation and installation.
A wide range of infill materials, as well as technological innovations, will likely increase the demand for artificial turf. For instance, Tadley Schools plan to build three-dimensional artificial turf pitches (ATPs) with associated facilities. In addition to offering turf products, artificial grass companies provide expert installation services as well. The packages are customized to fit customers’ specific needs. Additionally, the company provides assistance and advice after the installation has been completed.
Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-2063
For instance, In Brimpton Road, Baughurst, the Hurst School is looking for the construction of the pitch including fencing, gates, storage containers, floodlighting, hard-standing areas, and vehicular access. LED floodlights will be installed around the pitch at a height of 15 meters. The Hurst Community College, formerly known as the Hurst Secondary School, has proposed building a 3G artificial turf pitch south of the main campus.
Key Takeaways
- In North America, artificial turf sales are expected to grow at a CAGR of 4.7% during the forecast period.
- The artificial turf market in Europe is forecast to grow at a CAGR of 4.6% in the forecast period.
- Germany’s stadium demand is expected to grow at a CAGR of 3.9% over the next few years.
- In 2023, South Korea and Japan will dominate the global artificial turf market with over 4% market share.
- The growing disposable incomes and aesthetic appearances of India will result in a CAGR of 5%.
“A growing demand for artificial turf in various construction projects and a desire for aesthetics are expected to drive market growth for artificial turf. The ease of installation and maintenance will likely create opportunities in the coming years,” says an FMI analyst.
Competitive Landscape
Artificial turf companies rely on both organic and inorganic strategies to expand and penetrate new markets. Partnerships, mergers, and new product launches are a few of these strategies.
The key industry players are:
- Dow Dupont
- Tarkett
- Shaw Industries
- Victoria PLC
- Controlled Products
- ACT Global
- Sport Group
- Tigerturf
- SIS Pitches
- Matrix Turf
Ready to elevate your business? Buy the report now and unlock opportunities for exponential growth: https://www.futuremarketinsights.com/checkout/2063
Artificial Turf Market by Category
By Infill Materials:
- Rubber
- Sand
- Others
By Application:
- Contact Sports
- Non-Contact Sports
- Leisure
- Landscaping
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
