The modern-day document posted via Report Ocean, titled “Artificial Turf Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Artificial turfs are synthetic surfaces made of fibers including polyethylene, polypropylene, and polyamides. These are used across the globe due to attractive features such as high durability, low maintenance, superior quality, all weather utility, visual appeal, and eco-friendly attribute. Such turfs are in high demand in sports such as football, hockey, baseball, golf, and other activities that require a durable grass surface. Furthermore, these turfs can be 100% recycled due to the use of recycled polymers for manufacturing, which in turn makes them LEED compliant. In addition, its water saving capability increases its utility in several water scarce regions.
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Factors such as replacement of grass surface with artificial turfs in sports stadiums and eco-friendly attribute of such materials drive the global artificial turf market. Furthermore, increase in disposable income of people has fueled the growth of artificial turf market. However, high cost of artificial turfs and high surface temperature of artificial turf hamper the market development. Technological developments in manufacturing processes has considerably reduced the prices of artificial turfs. Furthermore, the advent of hybrid artificial turfs offers lucrative scope for the market growth.
The report segments the artificial turf market on the basis of material, application, and geography. Based on material, the market is segmented into polyethylene, polypropylene, and polyamides. On the basis of application, the market is segmented into contact sport, leisure & landscaping, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Victoria PLC (Avalon Grass), Sportfield Deutschland Holding GmbH (AstroTurf), CoCreation Grass Corporation, FieldTurf, Global Syn-Turf, Inc., Controlled Products, LLC (GrassTex), ForestGrass, Synlawn Artificial Grass, The Dow Chemical Company (DOW), and TigerTurf.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
Porters Five Force’s analysis helps in analyzing the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the artificial turf market from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
An in-depth analysis of the current research & clinical developments within the market is provided along with the key dynamic factors.
The key drivers, restrains, and opportunities and their detailed impact analyses have been elucidated in the study.
The profiles of key players along with their key strategic developments have been enlisted in the report.
Key Market Segments
By Material
Polyethylene
Polypropylene
Polyamides (Nylon)
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By Application
Contact Sport
Leisure & Landscaping
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Turkey
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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