Artificial Turf Market

18 May

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Artificial Turf Market Poised to Grow at a CAGR of 12.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Artificial Turf Market. The report presents analysis of global as well as regional markets of artificial turf market over the period of 2016 to 2024. Artificial Turf 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global artificial turf market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global artificial turf market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1528

 

The recent report identified that Europe dominated the global artificial turf market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the artificial turf market worldwide.

 

The report segments the global artificial turf market on the basis of Types and Applications.

 

Global Artificial Turf Market by Types

·         Nylon

·         Polyethylene

·         Polypropylene

 

Global Artificial Turf Market by Applications

·         Sports Applications

·         Airports

·         Landscaping

 

Companies Profiled in the Report

·         The DOW Chemical Company

·         Victoria PLC (Avalon Grass)

·         Sportfield Deutschland Holding GmbH (AstroTurf)

·         FieldTurf

·         CoCreation Grass Corporation

·         SALTEX OY

·         Tarkett Sports

·         GrassTex

·         Shaw Industries

·         Matrix Turf

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.