Market Size of Europe Artificial Grass Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Artificial Grass Market Analysis
Europe Artificial Grass Market has generated a revenue of USD 850 million in the current year and is poised to achieve a CAGR of 4% for the forecast period.
In the base year 2021, Europe had a higher market share in the Worldwide artificial grass market. This is attributed to an increasing number of artificial grass sports field launches and the presence of major companies, such as Tarkett and TenCate Grass. A rising number of government and regulatory bodies' initiatives to enhance athletes' safety is driving revenue growth in the region.
In Europe, the COVID-19 pandemic took a significant bite out of the artificial grass market growth anticipated in the previous year. AMI Consulting tracked the industry closely through prior health and economic crises and expected the drive to recover by the following year. But by then, strong players will gain a more substantial market share while some weaker companies will be forced out of the market.
Many nations' stringent limits on the usage of infill material used in artificial grass are limiting the industry's progress. The European Chemical Agency (ECHA) suggested a six-year transition period to the European Union (EU) for banning synthetic granules used as filler in artificial turfs. This is projected to hinder the market's growth in several European countries. Although artificial grass does not burn, it melts quickly if exposed to bright reflected sunlight from any window or if something hot, such as charcoal, falls on it.
