According to Future Market Insights, the artificial turf market size is expected to reach US$ 4,671.82 million by 2023, and ultimately to US$ 10,120 million by 2033, growing at an 8% CAGR. Artificial turf is suitable for leisure areas such as bocce ball courts, tennis courts, putting greens, and patios. The surface is exceptionally tough and can withstand considerable foot traffic. This material can be used to create a broad variety of patterns and odd forms due to its ease of cutting and molding.
Artificial turf has a high long-term value and is very cost effective. While the investment may appear to be expensive at first, it has the potential to significantly raise the value of a person’s property over time. Given the relatively little amount of time and money required for maintenance, the grass pays for itself in a few years after installation and installation charges.
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The availability of a diverse selection of infill materials, as well as technological advancements, will almost certainly increase demand for artificial turf. Tadley Schools, for example, intends to construct three-dimensional artificial turf pitches (ATPs) with related facilities. In addition to turf items, fake grass providers offer experienced installation services. The packages are tailored to the individual requirements of the consumers. In addition, after the installation is complete, the organization offers assistance and advise.
For example, the Hurst School on Brimpton Road, Baughurst, is looking for the construction of a pitch that includes fencing, gates, storage containers, floodlighting, hard-standing areas, and vehicular access. LED floodlights will be put at a height of 15 meters surrounding the ground. Hurst Community College, previously Hurst Secondary School, has proposed the construction of a 3G artificial turf pitch south of the main campus.
Key Takeaways
- In North America, artificial turf sales are expected to grow at a CAGR of 4.7% during the forecast period.
- The artificial turf market in Europe is forecast to grow at a CAGR of 4.6% in the forecast period.
- Germany’s stadium demand is expected to grow at a CAGR of 3.9% over the next few years.
- In 2023, South Korea and Japan will dominate the global artificial turf market with over 4% market share.
- The growing disposable incomes and aesthetic appearances of India will result in a CAGR of 5%.
“A growing demand for artificial turf in various construction projects and a desire for aesthetics are expected to drive market growth for artificial turf. The ease of installation and maintenance will likely create opportunities in the coming years,”, says an FMI analyst.
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Competitive Landscape
Artificial turf companies rely on both organic and inorganic strategies to expand and penetrate new markets. Partnerships, mergers, and new product launches are a few of these strategies.
The key Industry Players are:
- Dow Dupont
- Tarkett
- Shaw Industries
- Victoria PLC
- Controlled Products
- ACT Global
- Sport Group
- Tigerturf
- SIS Pitches
- Matrix Turf
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Market Developments Include:
- In May 2023, the Georgian Bluffs Council will review a proposal for converting the Derby Community Center into an indoor synthetic turf facility through a public-private partnership. The Georgian Bluffs committee of the whole meeting agenda features a report outlining Ontario Sports Development’s proposal for potential alternative use of the Kilsyth facility. As part of its affiliation with Brampton North Soccer, Ontario Sports Development proposed operating the Derby Community Centre for at least ten years to support and provide a facility for artificial turf indoors for a reasonable price for local groups of people.
- In May 2023, a Montreal-based company, FieldTurf, will replace natural turf on a baseball field and a softball field with artificial turf for up to $1.7 million. FieldTurf’s contract was unanimously approved by the school board on May 8. Across the street from North Royalton High School and Middle School are these two fields.
Key Segmentation
By Infill Materials:
- Rubber
- Sand
- Others
By Application:
- Contact Sports
- Non-Contact Sports
- Leisure
- Landscaping
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
About the Chemicals and Materials Division at Future Market Insights
The chemicals and materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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