A recent report published by Infinium Global Research on artificial turf market provides in depth analysis of segments and sub-segments in global as well as regional artificial turf market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional artificial turf market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global artificial turf market. According to report the global artificial turf market is projected to grow at a CAGR of 12.5% over the forecast period of 2018-2024.
Artificial Tuff is a surface material made up from the synthetic fibers. These artificial turf is used to replicate the grass surface. The artificial grass is mainly used in the arenas for sports that requires playing surfaces with the most realistic, sport-specific performance and longest lasting durability with low maintenance. The artificial turf is also used in the areas where grass cannot grow, or the maintenance is undesired so they are also being used on residential lawns and commercial applications.
The artificial turfs provide high quality, low maintenance surface that reduces the usages of water & pesticides. Rapidly growing adoption of artificial grass across various playing surfaces including football, golf, rugby, hockey, multi-purpose school sports fields and in several other sports areas is driving the growth of artificial market. In addition, increasing demand for the ecofriendly and high durability of artificial turf in the various landscaping applications is likely to escalate the growth of artificial turf. However, high installation cost and high surface temperature may hamper the growth of artificial turf. The on-going developments in the materials and technologies such as introduction of hybrid artificial turfs are projected to serve many opportunities for the artificial turf market in upcoming years. The hybrid artificial turf contents the combination of both natural and the synthetic grass which are stronger and offers high resistance to damage as compare to the artificial turf.
Geographically, Europe holds the maximum share in 2017 and is expected to dominate the artificial turf market over the forecast period. In the Europe region, France is the major market for artificial turf owing to its application in the Football and Rugby stadiums. Ruby and the football are the major games in the France and other Europe countries. Upcoming various sports tournaments in Europe is likely to boost the growth of artificial turf in this region. In addition, Asia pacific is growing at a fastest growing region in terms of CAGR in the artificial turf market. Blooming sports stadiums and increase investment in infrastructure are driving the growth of artificial turf market in Asia Pacific Region.
The report on global artificial turf market covers segments such as, types and applications. On the basis of types the global artificial turf market is categorized into nylon, polyethylene and polypropylene. On the basis of applications the global artificial turf market is categorized into sports applications, airports and landscaping.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global artificial turf market such as, The DOW Chemical Company, Victoria PLC (Avalon Grass), Sportfield Deutschland Holding GmbH (AstroTurf), FieldTurf, CoCreation Grass Corporation, SALTEX OY, Tarkett Sports, GrassTex, Shaw Industries and Matrix Turf.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global artificial turf market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of artificial turf market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the artificial turf market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the artificial turf market to understand the present and future trends in this market and formulate their strategies accordingly.
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