The artificial turf market is poised for significant growth, with an anticipated expansion at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. This surge is primarily driven by the increasing popularity of sports events and the rising demand for landscaping solutions in both commercial and residential sectors. As more institutions and homeowners seek low-maintenance, aesthetically pleasing alternatives to natural grass, artificial turf offers a compelling solution, contributing to its burgeoning market presence and steady growth trajectory.
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.
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.
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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
Market Developments Include:
- In May 2023, the Georgian Bluffs Council will review a proposal for converting the Derby Community Center into an indoor synthetic turf facility through a public-private partnership. The Georgian Bluffs committee of the whole meeting agenda features a report outlining Ontario Sports Development’s proposal for potential alternative use of the Kilsyth facility. As part of its affiliation with Brampton North Soccer, Ontario Sports Development proposed operating the Derby Community Centre for at least ten years to support and provide a facility for artificial turf indoors for a reasonable price for local groups of people.
- In May 2023, a Montreal-based company, FieldTurf, will replace natural turf on a baseball field and a softball field with artificial turf for up to $1.7 million. FieldTurf’s contract was unanimously approved by the school board on May 8. Across the street from North Royalton High School and Middle School are these two fields.
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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)
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