Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 80 Billion | USD 142 Billion | 7% | 2023 |
The global artificial grass turf market size was evaluated at $80 billion in 2023 and is slated to hit $142 billion by the end of 2032 with a CAGR of nearly 7% between 2024 and 2032.
Artificial grass turf is also referred to as synthetic turf that is made up of synthetic fibers designed in such a way that it resembles natural grass.
Furthermore, it is extensively utilized in commercial landscaping, sports domain, and residential lawns. It requires lesser maintenance and is durable & eco-friendly.
Additionally, it is aesthetically appealing and can be used throughout the year in various sports such as Football, Hockey, and Cricket.
Necessity of minimizing labor & maintenance costs to prop up the global market expansion over forecast period
Need for lower maintenance charges and longevity is likely to boost the expansion of the global artificial grass turf market. In addition to this, breakthroughs in production techniques and surging popularity of sports activities such as football, baseball, and cricket will scale up the global market expansion.
Furthermore, less availability of green fields in urban areas and launching of smart city concepts in emerging economies such as India will proliferate the global market size in the coming decade.
Apart from this, necessity of reducing sports injuries has culminated into humungous demand for artificial grass in sports sector.
Many governments across the globe are supporting the usage of water-efficient solutions such as artificial turf and this, in turn, is expected to drive the global market trends.
Huge operating costs can restrict the expansion of the global industry over 2024-2032
Surging upfront costs and environmental issues can impede the growth of the global artificial grass turf industry. Heat retention issues and durability problems can further hamper the growth of the industry globally in the years ahead.
An increase in the use of product in commercial and residential applications to prop up the global market surge by 2032
Rise in the use of artificial grass turf in residential and commercial sectors will prop up the global artificial grass turf market in the years ahead.
Moreover, growing product penetration in fitness centers, sports fields, and playgrounds will create new growth facets for the global market. Flourishing hospitality and tourism sectors will propel the expansion of the market globally.
Growing deployment issues and less knowledge of product usage can challenge the global industry expansion over 2024-2032
Installation issues and lower lifespan is likely to challenge the expansion of the global artificial grass turf industry. Misconceptions related to artificial turf and lack of knowhow about product benefits among the customers can obstruct the global industry upsurge in the years ahead.
The global artificial grass turf market is divided into material, application, end-user, and region.
In terms of material, the artificial grass turf market across the globe is segmented into polyethylene, nylon, polypropylene, and hybrid segments.
Apparently, the polyethylene segment, which gathered nearly two-third of the global market revenue in 2023, is expected to record highest CAGR in the ensuing years due to its strength, softness, ultra-violent resistance, and aesthetics making it fit to be used in commercial spaces, residential lawns, and sports events.
Based on the application, the global artificial grass turf industry is divided into landscaping, residential, sports, and commercial segments.
Apparently, the sports segment, which led the global industry growth in 2023, is expected to accentuate the segmental expansion in the analysis timeline and this can be as a result of rising use of product in various sports events all year round due to the ability of product in offering improved performance in sports such as golf, cricket, and soccer.
On the basis of end-user, the global artificial grass turf market is segregated into commercial, sports units, and residential segments.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Grass Turf Market |
Market Size in 2023 | USD 80 Billion |
Market Forecast in 2032 | USD 142 Billion |
Growth Rate | CAGR of 7% |
Number of Pages | 224 |
Key Companies Covered | Limonta Sport, Shaw Sports Turf, E3 Grass, CGT – City Green Trend Supergrass, CCGrass, Eturf, Surekha Exports, Artificial Grass Liquidators, TenCate Grass, Domo Sports Grass, SYNLAWN, Turf Factory Direct, Tiger Turf, Rosetta, and others. |
Segments Covered | By Material,By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is likely to maintain leading status in the global market over the analysis timeline
Asia-Pacific, which contributed for about 44% of the global artificial grass turf market size in 2023, is slated to establish a leading position in the global market in the projected timeline.
Apparently, the regional market expansion in the coming few years can be due to surging urbanization has resulted in need of cost-effective landscaping services.
Reportedly, supportive government schemes and warm climatic conditions in the region make it fit in organizing all year round outdoor sports events thereby driving the regional market trends.
North American artificial grass turf industry is expected to register the highest CAGR in the prognosis timeframe. The elevation of the industry in the region can be subject to a rise in the demand for product in commercial & residential sectors.
Furthermore, growing inclination towards eco-friendly and cost-effective products will prop up the scope of growth of the industry in the region. Presence of key players in the region will drive the industry surge in North America.
The global artificial grass turf market profiles key players such as:
By Material
By Application
By End-User
FrequentlyAsked Questions
Artificial grass turf is also referred to as synthetic turf that is made up of synthetic fibers designed in such a way that it resembles natural grass.
The global artificial grass turf market growth over the forecast period can be owing to less availability of green fields in urban areas and launching of smart city concepts in emerging economies such as India.
According to a study, the global artificial grass turf industry size was $80 billion in 2023 and is projected to reach $142 billion by the end of 2032.
The global artificial grass turf market is anticipated to record a CAGR of nearly 7% from 2024 to 2032.
North American artificial grass turf industry is set to register the fastest CAGR over the forecasting timeframe owing to a rise in the demand for product in commercial & residential sectors. Furthermore, growing inclination towards eco-friendly and cost-effective products will prop up the scope of growth of the industry in the region. Presence of key players in the region will drive the industry surge in North America.
The global artificial grass turf market is led by players such as Limonta Sport, Shaw Sports Turf, E3 Grass, CGT – City Green Trend Supergrass, CCGrass, Eturf, Surekha Exports, Artificial Grass Liquidators, TenCate Grass, Domo Sports Grass, SYNLAWN, Turf Factory Direct, Tiger Turf, and Rosetta.
The global artificial grass turf market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed