Future Market Insights forecasts that the artificial turf industry is set to achieve a size of USD 4,671.82 million by 2023 and is projected to grow to USD 10,120 million by 2033, with an impressive CAGR of 8%. Artificial turf finds ideal applications in recreational spaces like bocce ball courts, tennis courts, putting greens, and patios due to its high durability against wear and tear and ability to withstand heavy foot traffic. Its flexibility in cutting and shaping allows for the creation of various patterns and unique designs.
A significant advantage of artificial turf lies in its long-term value and cost efficiency. Despite higher initial investments, it enhances property value over years. Moreover, its low maintenance costs and time-saving properties mean that the turf pays for itself within a few years post-installation.
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The market is expected to see increased demand due to a wide array of infill materials and technological advancements. For example, plans for constructing three-dimensional artificial turf pitches (ATPs) by Tadley Schools highlight ongoing innovations. Companies offering artificial grass not only provide a range of turf products but also specialize in expert installation services tailored to meet specific customer requirements. Post-installation, these companies offer ongoing assistance and advice.
For instance, at Brimpton Road, Baughurst, the Hurst School plans include comprehensive infrastructure such as fencing, gates, storage containers, floodlighting, hard-standing areas, and vehicular access for a pitch construction project. The installation of LED floodlights around the pitch, positioned at 15 meters height, is also in the proposal for enhancing the facility at the Hurst Community College, formerly known as the Hurst Secondary School, where a 3G artificial turf pitch is planned 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.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global artificial turf market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the artificial turf market, the market is segmented based on infill material (rubber, rubber & sand, sand, and others), and application (contact sports, non-contact sports, leisure, and landscaping) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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