Artificial Turf Market Size & Share, Application Analysis, Growth Trends, and Key Players (2019 Study) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 28, 2019--The “Global Artificial Turf Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The artificial turf market stood at US$ 3.25 Bn in 2017 and expected to reach US$ 8.56 Bn in 2026 growing at a CAGR of 10.5% during the forecast period from 2017 to 2026.
In recent years, artificial turfs are finding increased application across sports stadiums and commercial playground surfaces.
Artificial turfs provide numerous advantages over natural grass. As compared to natural grass, artificial turfs involve a much lesser maintenance cost. Moreover, other benefits such as versatility & preparation and weather utility further leading to the increasing adoption of artificial turfs.
These turfs have a low environmental impact as they are recyclable, need less water and reduce the use of fertilizers and pesticides. This has led to the increasing application of artificial turfs across, homes, golf courses, businesses, and public spaces.
Rising urbanization is another prominent factor aiding the artificial turf market positively. This factor is particularly evident in developing countries where artificial turfs are increasingly being used for landscaping purposes.
Growth in the number of sports events across the world and stadiums switching to artificial turfs are two prominent factors complimenting the artificial turf market growth. For instance, US Bank Stadium is expected to install a new artificial turf in 2019. Reports suggest that the current turf was purchased for US$1.5 million. Similarly, Boise State University’s athletic stadium is expected to install a new blue artificial turf at the stadium in 2019. The installation would cost US$600,000 to $1 million.
By material type, the polyethylene segment held the largest market share in 2017. Polyethylene on account of its characteristics such as softness, durability, and resiliency is the most preferred when it comes to turf material type. On the other hand, factors such as excellent wear resistance, high melting point, and long color holding capacity would contribute to the growth of the polyamides segment in the coming years.
In terms of geography, Europe accounted for the largest market in 2017. The region houses a large number of sports stadiums. Moreover, many leading artificial turf manufacturers such as Victoria PLC, Tarkett, SportGroup and SIS Pitches among others are headquartered in the region.
The growing number of commercial playground surfaces, high investment in infrastructure and rapid urbanization would drive the growth of the artificial turf market in the Asia Pacific. Countries such as India and China helped by the growth of the construction sector and rising disposable income would lead to this growth.
Key players profiled in the report include Shaw Industries, Tarkett, SIS Pitches DowDuPont, Victoria PLC, ACT Global, Tigerturf, Sport Group, Matrix Turf, Soccer Grass and Nurteks Hali among others.
Key Topics Covered
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I - Secondary Research
1.4.2 Phase II - Primary Research
1.4.3 Phase III - Expert Panel Review
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Artificial Turf Market
2.2 Global Artificial Turf Market, By Material Type, 2017
2.3 Global Artificial Turf Market, By Installation, 2017
2.4 Global Artificial Turf Market, By Application, 2017
2.5 Global Artificial Turf Market, By Geography, 2017
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Artificial Turf Market Value, 2016 - 2026
3.2 Market Drivers
3.3 Market Challenges
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, by Geography
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Artificial Turf Market Analysis, by Material Type, 2016 - 2026
Chapter 5 Global Artificial Turf Market Analysis, by Installation, 2016 - 2026
5.2 Wall Cladding
Chapter 6 Global Artificial Turf Market Analysis, by Application, 2016 - 2026
6.2 Contact Sports
6.3 Non-contact Sports
6.4 Leisure and Landscaping
Chapter 7 North America Artificial Turf Market Analysis, 2016 - 2026
Chapter 8 Europe Artificial Turf Market Analysis, 2016 - 2026
Chapter 9 Asia Pacific Artificial Turf Market Analysis, 2016 - 2026
Chapter 10 Rest of the World (RoW) Artificial Turf Market Analysis, 2016 - 2026
Chapter 11 Company Profiles
11.3 Shaw Industries
11.4 Victoria PLC
11.5 Sport Group
11.6 ACT Global
11.7 SIS Pitches
11.9 Matrix Turf
11.10 Soccer Grass
11.11 Nurteks Hali
For more information about this report visit https://www.researchandmarkets.com/research/7z5jfx/artificial_turf?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190328005503/en/
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PUB: 03/28/2019 08:48 AM/DISC: 03/28/2019 08:47 AM