[Latest] Global Artificial Grass Turf Market Size/Share Worth USD 17.3 Billion by 2032 at a 5.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Artificial Grass Turf Market Size, Trends and Insights By Type (Nylon, Polypropylene, Polyethylene, Hybrid, Others), By Material (Infill Materials, Backing Material), By Filament (Monofilament, Multi Filament), By End Use (Landscaping and Leisure, Sports Fields, Playgrounds and Recreational Spaces, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Artificial Grass Turf Market size & share was valued at approximately USD 9.8 Billion in 2022 and is expected to reach USD 10.4 Billion in 2023 and is expected to reach a value of around USD 17.3 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.8% during the forecast period 2023 to 2032.”

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Artificial Grass Turf Market: Growth Factors and Dynamics

• Increasing Demand for Low-Maintenance Landscaping: Artificial grass provides a lush and green appearance without the need for regular watering, mowing, or fertilization, making it an attractive option for both residential and commercial applications.

• Growing Awareness of Environmental Sustainability: The artificial grass turf market is benefiting from an increasing awareness of environmental sustainability. As water conservation becomes a crucial concern in many regions, artificial grass offers a water-efficient alternative to traditional lawns. It eliminates the need for extensive irrigation, contributing to water conservation efforts.

• Advancements in Manufacturing Technologies: Ongoing advancements in manufacturing technologies have played a pivotal role in the artificial grass turf market. Improved materials, such as advanced polymers and synthetic fibers, enhance the durability and natural appearance of artificial grass. These technological innovations contribute to a more realistic look and feel, making artificial grass a preferred choice for landscaping projects.

• Expanding Applications in Sports and Recreational Facilities: The artificial grass turf market is experiencing growth due to its expanding applications in sports and recreational facilities. Synthetic turf is increasingly being used in sports fields, including soccer, football, and golf, as it offers consistent playing surfaces and requires minimal maintenance compared to natural grass. The versatility of artificial grass also extends to recreational spaces like parks and playgrounds.

• Climate Resilience and Adaptability: Artificial grass turf’s ability to withstand various weather conditions and climates contributes to its market growth. Unlike natural grass, synthetic turf remains green and usable in adverse weather, such as extreme heat or heavy rainfall. This resilience makes artificial grass a desirable option for regions facing challenges related to climate fluctuations.

• Investments in Residential and Commercial Infrastructure: The artificial grass turf market is influenced by increasing investments in residential and commercial infrastructure projects. Real estate developers and landscape designers incorporate artificial grass in their projects to create aesthetically pleasing and functional outdoor spaces. The market growth is, therefore, closely tied to the overall development and construction activities in various regions.

• Government Initiatives Promoting Water Conservation: Government initiatives focused on water conservation further fuel the growth of the artificial grass turf market. Many regions facing water scarcity issues have introduced regulations and incentives to encourage the use of water-efficient landscaping solutions. Artificial grass, requiring minimal to no water, aligns with these initiatives and receives support from policymakers, contributing to its increased adoption in both public and private spaces.

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Artificial Grass Turf Market: Partnership and Acquisitions

• In 2022, Mohawk Industries, Inc. finalized the acquisition of Foss Floors, a Georgia-based company specializing in needle-punch technology for nonwoven materials. Foss Floors’ expertise complements Mohawk’s capabilities, particularly in the production of carpets and artificial turfs.

• In 2021, Lowe’s Companies, Inc. successfully acquired Stainmaster, a highly trusted and renowned carpet brand. This strategic move enhances Lowe’s position in the home improvement retail sector, bringing a well-established and reputable player under its umbrella.

Report Scope

(A free sample of the Artificial Grass Turf report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Artificial Grass Turf report has been modified to include the COVID-19 impact study prior to delivery.)

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Artificial Grass Turf Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Artificial Grass Turf Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The artificial grass turf market experienced disruptions in its supply chain during the COVID-19 pandemic. Restrictions on international trade, lockdowns, and transportation challenges hindered the timely procurement of raw materials and components, affecting manufacturing processes and product availability.

• Project Delays and Cancellations: Many landscaping and infrastructure projects were delayed or canceled as a result of the economic uncertainties and restrictions imposed during the pandemic. The slowdown in construction activities directly impacted the demand for artificial grass turf in both residential and commercial sectors.

• Shifts in Consumer Spending Priorities: Changes in consumer spending patterns influenced the artificial grass turf market. With economic uncertainties and shifts in priorities, homeowners and businesses reassessed their budgets, leading to a temporary decline in the demand for non-essential products and services, including landscaping projects.

• Recovery Measures in the Artificial Grass Turf Market Post-COVID: Resurgence in Landscaping Projects: As economies gradually reopen and construction activities resume, there is a resurgence in landscaping projects, contributing to the recovery of the artificial grass turf market. The pent-up demand for beautification and outdoor space enhancement projects drives the need for artificial grass in residential and commercial settings.

• Emphasis on Home Improvement: The increased focus on home environments during lockdowns has led to a surge in home improvement projects. Homeowners, recognizing the value of enhancing their living spaces, are investing in artificial grass turf for its aesthetic appeal and low-maintenance features, driving post-pandemic market recovery.

• Rising Popularity in Recreational Spaces: The recovery of the artificial grass turf market is bolstered by the rising popularity of synthetic turf in recreational spaces. With a growing emphasis on outdoor activities and the importance of safe and usable spaces, artificial grass has increased adoption in parks, playgrounds, and other recreational areas.

• Adoption of Online Sales Channels: The pandemic accelerated the adoption of online sales channels in the artificial grass turf market. Companies are leveraging digital platforms to reach customers, showcase product offerings, and facilitate transactions. This shift allows for a broader market reach and provides a convenient and safe means for customers to explore and purchase artificial grass products.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Artificial Grass Turf Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

• What is the size of the Artificial Grass Turf market and what is its expected growth rate?
• What are the primary driving factors that push the Artificial Grass Turf market forward?
• What are the Artificial Grass Turf Industry's top companies?
• What are the different categories that the Artificial Grass Turf Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Artificial Grass Turf market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2023−2032
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Artificial Grass Turf Market – Regional Analysis

The Artificial Grass Turf Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, artificial grass turf trends include a surge in residential landscaping projects, driven by the desire for low-maintenance lawns. The sports industry also Favors synthetic turf for its use in professional and community sports fields, emphasizing durability and all-weather playability.

• Europe: In Europe, a notable trend is the increasing adoption of artificial grass turf in urban spaces and residential areas, aligning with sustainability goals. Sports facilities across Europe are transitioning to synthetic turf for enhanced playability and resource efficiency, reflecting the continent’s commitment to eco-friendly solutions.

• Asia-Pacific: The Asia-Pacific region witnesses a rising trend in the use of artificial grass turf for recreational spaces in densely populated urban areas. Increased construction and infrastructure projects contribute to the growing demand for synthetic turf in commercial and public spaces. Additionally, the sports industry shows a preference for synthetic surfaces for cricket and soccer fields.

• LAMEA (Latin America, Middle East, and Africa): In LAMEA, the artificial grass turf market is driven by a surge in landscaping projects in urban developments. Sports facilities in the Middle East are adopting synthetic turf for its suitability in arid climates, ensuring year-round playability. The emphasis on water conservation aligns with the use of artificial grass in landscaping across the region.

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List of the prominent players in the Artificial Grass Turf Market:

• TenCate Grass (Ten Cate Grass B.V.)
• Shaw Industries Group Inc.
• Tarkett S.A.
• Victoria PLC
• CoCreation Grass Corporation
• ForestGrass
• SIS Pitches Ltd.
• Act Global
• FieldTurf
• Controlled Products LLC (GrassTex)
• Condor Grass
• CCGrass
• Challenger Industries Inc.
• Global Syn-Turf Inc.
• Synlawn Artificial Grass
• Others

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The Artificial Grass Turf Market is segmented as follows:

By Type

• Nylon
• Polypropylene
• Polyethylene
• Hybrid
• Others

By Material

• Infill Materials
• Backing Material

By Filament

• Monofilament
• Multi Filament

By End Use

• Landscaping and Leisure
• Sports Fields
• Playgrounds and Recreational Spaces
• Others

Click Here to Get a Free Sample Report of the Global Artificial Grass Turf Market @ https://www.custommarketinsights.com/report/artificial-grass-turf-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Artificial Grass Turf Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Artificial Grass Turf Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Artificial Grass Turf Market? What Was the Capacity, Production Value, Cost and PROFIT of the Artificial Grass Turf Market?
• What Is the Current Market Status of the Artificial Grass Turf Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Artificial Grass Turf Market by Considering Applications and Types?
• What Are Projections of the Global Artificial Grass Turf Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Artificial Grass Turf Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Artificial Grass Turf Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Artificial Grass Turf Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Artificial Grass Turf Industry?

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Reasons to Purchase Artificial Grass Turf Market Report

• Artificial Grass Turf Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Artificial Grass Turf Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Artificial Grass Turf Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Artificial Grass Turf Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Artificial Grass Turf market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Artificial Grass Turf market analysis.

• The competitive environment of current and potential participants in the Artificial Grass Turf market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Artificial Grass Turf market should find this report useful. The research will be useful to all market participants in the Artificial Grass Turf industry.
• Managers in the Artificial Grass Turf sector are interested in publishing up-to-date and projected data about the worldwide Artificial Grass Turf market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Artificial Grass Turf products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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01/23/2024 19:30

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