Global Artificial Turf Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “ Artificial turf Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global artificial turf market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Artificial turf is used for the sports which are to be played in grass and nowadays it is also being used in residential lawns as well as commercial purpose. Artificial turf stands up to heavy use, such as in sports, and requires no or trimming. Domed, covered, and partially covered stadiums may require artificial turf because of the difficulty of getting grass enough sunlight to stay healthy.
Artificial turf requires less maintenance in comparison to the original grass, as original grass requires sunlight proper water and an environment in which it can flourish. Artificial turf can be used both for indoor as well as outdoor application, for indoor the original grass does not gets the proper sunlight to grow. Infill’s used in manufacturing of synthetic turfs are made up of recycled rubber granules made with distorted tyres, which ultimately saves the cost of production. Broadly considering the data it has been noticed that injuries occurred in grass turf is more in comparison to synthetic turf.
The manufacturers operating in the global artificial turf market are focusing on the introduction of new application specific product offerings in order to better address customer requirements. The strategy of expansion has been adopted by key players who are increasing their production capacities to cater to the increasing demand for artificial grass from various applications. APEJ is expected to register significant growth and is expected to be the most attractive region due to emerging economies such as India and China. China is estimated to hold approximately one-half of the market value share. The global artificial turf market is expected to register significant Year-on-Year growth throughout the projected period.
Europe is the largest market for artificial turf. The European artificial turf market was valued at USD 1,347 million in 2017 and is expected to register moderate CAGR during the forecast period. France is a major market for artificial turf in Europe and has 1,800 synthetic pitches, which is 4% of all the pitches installed across France. Rugby is a major sport in France and in the last six years, around 277 synthetic pitches have been installed in the 29 countries where rugby is played. In Germany DFB (German Football Association) installed 1,000 synthetic mini pitches to increase popularity as well as development of football in Germany from the grass root level.
North America and Europe are rising in this market due to factors such as increasing demand for and aerospace industry. Owing to large number of manufacturers of carbon fiber in Japan is also influencing market. The carbon fiber market is analyzed across regions North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The key vendors in this market are: Shaw Sports Turf, ten cate, hellas construction, fieldturf, sportgroup holding act usa sports, controlled products sprinturf, cocreation grass, domo sports grass, turfstore, global syn-turf inc., dupont.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.