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Market Analysis and Insights of Global Artificial Turf Market
The artificial turf market is expected to be growing at a growth rate of 9.68% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of artificial turf market. This rise in artificial turf market value can be attributed to the various factors such as rise in the participation of sports and related activities, growing popularity of e-commerce platforms in the developing economies, and increasing personal disposable income.
Market drivers and market restraints estimated in this Artificial Turf Market business report gives understanding about how the product is getting utilized in the recent period and also gives estimations about the future usage. This report has a lot of features to offer about Artificial Turf Market industry such as general market conditions, trends, inclinations, key players, opportunities, and geographical analysis. This market research report has been framed with the most excellent and superior tools of collecting, recording, estimating and analysing market data. The forecast, analysis and estimations that are carried out in this Artificial Turf Market report are all based upon the finest and well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis.
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Artificial turf is a surface that is used in areas where grass surface is required, such as big fields or grounds. Artificial turf is a manmade surface that is produced using synthetic fibres. The artificial turfs are easily recyclable in nature and have a low environmental impact. The artificial turfs are highly durable in nature, easy to change and eliminate the use of harmful pesticides and fertilizers.
Rising demand for the third generation artificial turf and increasing personal disposable income are the major factors fostering the growth of artificial turf market. Growing awareness about the environment friendly and low maintenance properties, rising emergence of sports clubs and venues, and growing application in residential lawns are some other indirect artificial turf market growth determinants. Growing penetration of e-commerce platforms especially in the developing economies, will also create lucrative and remunerative artificial turf market growth opportunities in the long run.
Market Scope and Global Artificial Turf Market
The major players covered in the artificial turf market report are Tarkett Group, Victoria PLC, Astroturf, SYNLAWN ARTIFICIAL GRASS, Polytan GmbH, SpectraTurf, Inc., XGrass, Italgreen Spa, Dow, Royal Grass, SIS Pitches, Condor Group, Shawgrass, Act Global, Nurteks, Matrix Turf., Limonta Sport S.p.A., TenCate Grass, CCGrass, and PRACTICE SPORTS among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The artificial turf market is segmented on the basis of raw material, infill materials, pile height, distribution channel, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
The artificial turf market is analysed and market size, volume information is provided by country, raw material, infill materials, pile height, distribution channel, and end user as referenced above.
The countries covered in the artificial turf market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the artificial turf market and will continue to flourish its trend of dominance during the forecast period as well, owing to the shifting trend from conventional grass fields to synthetic grass fields coupled with rising emergence of sports fields. Asia-Pacific will however, register the highest CAGR for the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization, and rising awareness regarding the low environmental impacts of artificial turf in the market are some major market growth determinants for this region.
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