Market Size of Artificial Turf Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Artificial Turf Market Analysis
The global artificial turf market is projected to register a CAGR of 11.1% over the next five years.
The use of turf in landscape applications is increasing and will likely create growth opportunities for the artificial turf market soon. Artificial turfs find the highest service in contact sports, such as soccer and rugby, two of the most popular games in and around Europe, thus contributing to the significant share held by the regional market. Many new artificial turfs are set up for soccer and rugby grounds, with the most notable development being the artificial turfs usage for the FIFA Women's World Cup and in the FIFA World Cup. To meet the growing demand from the sports and landscaping industries, manufacturers are placing a strong emphasis on creating third-generation turfs employing hybrid technology to develop innovative products with shock cushions and anti-bacterial features.
There is also high demand for artificial turf in the residential and commercial application sectors. With various advantages, artificial turf is a valid substitute for lawns. They are used in backyards, edgings, pavers, medians, and poolside areas to create commercial and residential playgrounds, focusing on children's safety. Artificial turf is simple to use, especially inside and outside. They will never break because they are UV-resistant and will function efficiently and comfortably for a very long period. Artificial grass is highly durable. It can be used for a very long time if maintained properly. Further, various developed and developing countries are experiencing rapid urbanization, leading to significant construction sector growth globally. Thereby fueling low-maintenance product demand, especially artificial turf.
The COVID-19 pandemic affected economies and industries in various countries. The unprecedented increase in COVID-19 cases and the subsequent lockdown of numerous manufacturing facilities influenced the growth of multiple markets. The distribution network was significantly disrupted in the Middle East and Africa, which affected artificial turf sales.
