Artificial Turf Market Size, Demand, Analysis & Trends 2022, 2028
The artificial turf market was valued at US$ 2,847.28 million in 2021 and is projected to reach US$ 4,067.36 million by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Produced from synthetic fibers, Artificial turf is made to imitate natural grass. Raw materials for producing artificial turf include polyethylene (PE), polypropylene (PP), polyamide (Nylon), rubber compounds, polyester foam, different colors, and other additives. The quality of the raw materials is essential for the performance of turf.
The global artificial turf market is analyzed on the basis of the material, application, and geography. In 2020, Asia Pacific held the largest revenue share of the global artificial turf market. The major factor for the growth of the artificial turf market in the Asia Pacific is the increasing use of artificial turf in the household sector. The various advantages of artificial turf such as less water use and chemicals, low maintenance, no irrigation, and weather resistance, contribute to high demand for artificial turf from sports facilities. In addition, the rising globalization and growth of the construction industry also favors the artificial turf market growth. Moreover, the market players in this region have invested heavily in R&D initiatives, contributing to the development of several innovative products, which is aiding this regional market.
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Artificial Turf Market: Strategic Insights
Market Size Value in US$ 2,847.28 million in 2021 Market Size Value by US$ 4,067.36 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Artificial Turf Market: Strategic Insights
| Market Size Value in | US$ 2,847.28 million in 2021 |
| Market Size Value by | US$ 4,067.36 million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Artificial Turf Market
The COVID-19 pandemic brought unprecedented challenges for many industries, including the chemicals & materials industry. Due to nationwide lockdown and border restrictions, the supply chains were completely disrupted. This has affected the production and distribution of various products. Many recreation areas and playgrounds have been closed due to the virus, which has caused a spike in home improvements across the world. According to Synthetic Grass Warehouse, artificial turf contractors are experiencing gains in sales up to 30% from 2020. Sports field applications represented 63% of the installed turf in 2020 and are anticipated to remain the largest application area during the forecast period. However, turf in landscape applications is growing at a fast pace. In the near future, e-commerce platforms are expected to gain significant momentum in the sale of various essential and non-essential commodities, especially artificial turfs.
Market Insights
Growing Demand for Artificial Turf from Sports Industry and Increasing Number of Stadiums
Artificial turf is suitable for various sports, but it is commonly used for baseball, football, lacrosse, rugby, and soccer. In 2021, Bank of America Stadium decided to switch from natural grass to artificial turf. Tepper Sports & Entertainment announced that they would shift away from grass to FieldTurf ahead of the 2021 Carolina Panthers season. BC Place Stadium will also have a new turf field in Canada by the end of January 2022. Moreover, artificial turf fields have sprung up in cities and villages in countries, such as India. Hence, the growing demand for artificial turf in the sports industry and an increasing number of stadiums using artificial turf are driving the global artificial turf market considerably.
Application Insights
Based on the application, the global artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the global artificial turf market in 2020. Artificial turf is widely used in sport fields. It is mainly used to provide an adequate surface for sports that are played on grass in areas where maintaining natural grass is difficult or it cannot grow. A high demand for artificial turf from the sports industry is mainly due to various factors such as easy maintenance, more playing time, etc.
Some of the key players in the global artificial turf market are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; and Hellas Construction, Inc. These players mainly focus on several strategies, such as new product launches, expansion, and mergers and acquisitions, for their expansion.
Artificial Turf Market Report Scope
Report Spotlights
- Progressive industry trends in the artificial turf market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the artificial turf market from 2019 to 2028
- Estimation of global demand for artificial turf
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the artificial turf market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the artificial turf market size at various nodes
- Detailed overview and segmentation of the market, as well as the artificial turf industry dynamics
- Size of the artificial turf market in various regions with promising growth opportunities
Global Artificial Turf Market
Material
- Polyethylene
- Polypropylene
- Polyamide
- Others
Application
- Residential
- Commercial
- Sport
Company Profiles
- The Dow Chemical Company
- Tarkett
- Act Global
- CCGrass
- TenCate Grass
- SIS Pitches
- Victoria PLC
- GreenFields BV
- HATKO
- Hellas Construction, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Europe is estimated to register the fastest CAGR in the global artificial turf market over the forecast period. With the presence of various artificial turf brands, Europe has been one of the key regions for the global artificial turf market. Europe is anticipated to witness a growing demand for artificial turf during the forecast period, owing to the increasing number of stadiums in the region.
The sports segment held the largest share of the artificial turf market in 2021. It is one of the most crucial application segments of artificial turf and is most often used for baseball, football, rugby, soccer, lacrosse, and others.
The sports segment is the fastest-growing segment in the global artificial turf market during the forecasted period. Artificial turf is also commonly used in sports stadiums and arenas. There is a high demand for artificial turf from the sports industry due to easy maintenance and more playing time.
The polyethylene segment held the largest share of the global artificial turf market in 2021. Polyethylene is one of the most commonly used materials in the artificial turf industry. Polyethylene grass is ideal for front and backyard applications, sports, and pets due to a combination of softness, realism, and the lack of moisture absorption.
The major players operating in the global artificial turf market are The Dow Chemical Company; Tarkett; Act Global; CCGrass; TenCate Grass; SIS Pitches; Victoria PLC; GreenFields BV; HATKO; Hellas Construction, Inc.; among others.
In 2021, Asia Pacific held the largest share of the global artificial turf market. In Asia-Pacific, the demand for artificial turf is increasing, mainly due to the rising use of artificial turf in the residential sector. Moreover, the rise in residential and commercial infrastructural facilities across the region is driving market growth.
1. Introduction 17
1.1 Study Scope. 17
1.2 The Insight Partners Research Report Guidance. 17
1.3 Market Segmentation. 18
1.3.1 Artificial Turf Market, by Material 19
1.3.2 Artificial Turf Market, by Application. 20
1.3.3 Artificial Turf Market, by Geography. 20
2. Key Takeaways 21
3. Research Methodology 25
3.1 Scope of the Study. 25
3.2 Research Methodology. 25
3.2.1 Data Collection: 26
3.2.2 Primary Interviews: 26
3.2.3 Hypothesis formulation: 26
3.2.4 Macro-economic factor analysis: 26
3.2.5 Developing base number: 26
3.2.6 Data Triangulation: 27
3.2.7 Country level data: 27
4. Artificial Turf Market Landscape 28
4.1 Market Overview. 28
4.2 Porter's Five Forces Analysis. 29
4.3 Ecosystem Analysis. 30
4.4 Expert Opinion. 32
5. Artificial Turf Market – Key Market Dynamics 33
5.1 Market Drivers. 33
5.1.1 Growing Demand for Artificial Turf from Sports Industry and Increase in Number of Stadiums. 33
5.1.2 Increasing Demand for Artificial Turf From Commercial and Residential Sector. 33
5.2 Market Restraints. 34
5.2.1 Usage of Huge Volumes of Plastic and Heat Absorbent Properties of Artificial Turf 34
5.3 Market Opportunities. 34
5.3.1 Rising Research and Development Activities and Advancements in Technology. 34
5.4 Future Trends. 34
5.4.1 Product Innovations: 34
5.5 Impact Analysis. 35
6. Artificial Turf – Global Market Analysis 36
6.1 Artificial Turf Market Overview. 36
6.2 Artificial Turf Market –Revenue and Forecast to 2028 (US$ Mn) 37
6.3 Market Positioning – Global Market Players. 38
7. Artificial Turf Market Analysis – By Material 39
7.1 Overview. 39
7.2 Artificial Turf Market, By Material (2020 and 2028) 39
7.3 Polyethylene. 40
7.3.1 Overview.. 40
7.3.2 Polyethylene: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 40
7.4 Polypropylene. 41
7.4.1 Overview.. 41
7.4.2 Polypropylene: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 41
7.5 Polyamide. 42
7.5.1 Overview.. 42
7.5.2 Polyamide: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 42
7.6 Others. 43
7.6.1 Overview.. 43
8. Artificial Turf Market Analysis – By Application 44
8.1 Overview. 44
8.2 Artificial Turf Market, By Application (2020 and 2028) 44
8.3 Residential 45
8.3.1 Overview.. 45
8.3.2 Residential: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 45
8.4 Commercial 46
8.4.1 Overview.. 46
8.4.2 Commercial: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 46
8.5 Sport 47
8.5.1 Overview.. 47
8.5.2 Sport: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 47
9. Artificial Turf Market – Geographic Analysis 48
9.1 Overview. 48
9.2 North America: Artificial Turf Market 48
9.2.1 North America: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 49
9.2.2 North America: Artificial Turf Market, by Material 49
9.2.3 North America: Artificial Turf Market, by Application. 50
9.2.4 North America: Artificial Turf Market, by Key Country. 51
9.2.4.1 US: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 51
9.2.4.1.1 US: Artificial Turf Market, by Material 52
9.2.4.1.2 US: Artificial Turf Market, by Application. 52
9.2.4.2 Canada: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 53
9.2.4.2.1 Canada: Artificial Turf Market, by Material 53
9.2.4.2.2 Canada: Artificial Turf Market, by Application. 54
9.2.4.3 Mexico: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 55
9.2.4.3.1 Mexico: Artificial Turf Market, by Material 55
9.2.4.3.2 Mexico: Artificial Turf Market, by Application. 56
9.3 Europe: Artificial turf Market 57
9.3.1 Europe: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 57
9.3.2 Europe: Artificial turf Market, By Material 58
9.3.3 Europe: Artificial turf Market, by Application. 59
9.3.4 Europe: Artificial turf Market, by Key Country. 59
9.3.4.1 Germany: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 60
9.3.4.1.1 Germany: Artificial turf Market, By Material 60
9.3.4.1.2 Germany: Artificial turf Market, by Application. 61
9.3.4.2 France: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 62
9.3.4.2.1 France: Artificial turf Market, By Material 63
9.3.4.2.2 France: Artificial turf Market, by Application. 63
9.3.4.3 Italy: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 64
9.3.4.3.1 Italy: Artificial turf Market, By Material 64
9.3.4.3.2 Italy: Artificial turf Market, by Application. 65
9.3.4.4 Russia: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 66
9.3.4.4.1 Russia: Artificial turf Market, By Material 66
9.3.4.4.2 Russia: Artificial turf Market, by Application. 67
9.3.4.5 UK: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 68
9.3.4.5.1 UK: Artificial turf Market, By Material 68
9.3.4.5.2 UK: Artificial turf Market, by Application. 69
9.3.4.6 Rest of Europe: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 70
9.3.4.6.1 Rest of Europe: Artificial turf Market, By Material 70
9.3.4.6.2 Rest of Europe: Artificial turf Market, by Application. 71
9.4 Asia Pacific: Artificial turf Market 72
9.4.1 Asia Pacific: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 72
9.4.2 Asia Pacific: Artificial turf Market, By Material 73
9.4.3 Asia Pacific: Artificial turf Market, by Application. 73
9.4.4 Asia Pacific: Artificial turf Market, by Key Country. 74
9.4.4.1 Australia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 75
9.4.4.1.1 Australia: Artificial turf Market, By Material 75
9.4.4.1.2 Australia: Artificial turf Market, by Application. 76
9.4.4.2 China: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 77
9.4.4.2.1 China: Artificial turf Market, By Material 77
9.4.4.2.2 China: Artificial turf Market, by Application. 78
9.4.4.3 India: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 79
9.4.4.3.1 India: Artificial turf Market, By Material 79
9.4.4.3.2 India: Artificial turf Market, by Application. 80
9.4.4.4 Japan: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 81
9.4.4.4.1 Japan: Artificial turf Market, By Material 81
9.4.4.4.2 Japan: Artificial turf Market, by Application. 82
9.4.4.5 South Korea: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 82
9.4.4.5.1 South Korea: Artificial turf Market, By Material 83
9.4.4.5.2 South Korea: Artificial turf Market, by Application. 83
9.4.4.6 Rest of Asia Pacific: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 84
9.4.4.6.1 Rest of Asia Pacific: Artificial turf Market, By Material 84
9.4.4.6.2 Rest of Asia Pacific: Artificial turf Market, by Application. 85
9.5 Middle East and Africa: Artificial turf Market 86
9.5.1 Middle East and Africa: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 86
9.5.2 Middle East and Africa: Artificial turf Market, By Material 87
9.5.3 Middle East and Africa: Artificial turf Market, by Application. 87
9.5.4 Middle East and Africa: Artificial turf Market, by Key Country. 88
9.5.4.1 South Africa: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 89
9.5.4.1.1 South Africa: Artificial turf Market, By Material 89
9.5.4.1.2 South Africa: Artificial turf Market, by Application. 90
9.5.4.2 Saudi Arabia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 91
9.5.4.2.1 Saudi Arabia: Artificial turf Market, By Material 91
9.5.4.2.2 Saudi Arabia: Artificial turf Market, by Application. 92
9.5.4.3 UAE: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 93
9.5.4.3.1 UAE: Artificial turf Market, By Material 93
9.5.4.3.2 UAE: Artificial turf Market, by Application. 94
9.5.4.4 Rest of MEA: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 95
9.5.4.4.1 Rest of MEA: Artificial turf Market, By Material 95
9.5.4.4.2 Rest of MEA: Artificial turf Market, by Application. 96
9.6 South and Central America: Artificial turf Market 97
9.6.1 South and Central America: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 97
9.6.2 South and Central America: Artificial turf Market, By Material 98
9.6.3 South and Central America: Artificial turf Market, by Application. 99
9.6.4 South and Central America: Artificial turf Market, by Key Country. 99
9.6.4.1 Brazil: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 100
9.6.4.1.1 Brazil: Artificial turf Market, By Material 100
9.6.4.1.2 Brazil: Artificial turf Market, by Application. 101
9.6.4.2 Argentina: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 102
9.6.4.2.1 Argentina: Artificial turf Market, By Material 102
9.6.4.2.2 Argentina: Artificial turf Market, by Application. 103
9.6.4.3 Rest of South and Central America: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 104
9.6.4.3.1 Rest of South and Central America: Artificial turf Market, By Material 104
9.6.4.3.2 Rest of South and Central America: Artificial turf Market, by Application. 105
10. Impact of COVID-19 Pandemic on Global Artificial Turf Market 106
10.1 Overview. 106
10.2 North America: Impact Assessment of COVID-19 Pandemic. 106
10.3 Europe: Impact Assessment of COVID-19 Pandemic. 108
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 109
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 110
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic. 111
11. Industry Landscape 112
11.1 Mergers & acquisition. 112
11.2 Product News. 112
11.3 Company News. 113
12. Company Profiles 114
12.1 The Dow Chemical Company. 114
12.1.1 Key Facts. 114
12.1.2 Business Description. 114
12.1.3 Products and Services. 114
12.1.4 Financial Overview.. 115
12.1.5 SWOT Analysis. 116
12.1.6 Key Developments. 116
12.2 Tarkett 117
12.2.1 Key Facts. 117
12.2.2 Business Description. 117
12.2.3 Products and Services. 117
12.2.4 Financial Overview.. 118
12.2.5 SWOT Analysis. 119
12.2.6 Key Developments. 119
12.3 Act Global 120
12.3.1 Key Facts. 120
12.3.2 Business Description. 120
12.3.3 Products and Services. 120
12.3.4 Financial Overview.. 120
12.3.5 SWOT Analysis. 121
12.3.6 Key Developments. 121
12.4 CCGrass. 122
12.4.1 Key Facts. 122
12.4.2 Business Description. 122
12.4.3 Products and Services. 122
12.4.4 Financial Overview.. 123
12.4.5 SWOT Analysis. 123
12.4.6 Key Developments. 123
12.5 TenCate Grass. 124
12.5.1 Key Facts. 124
12.5.2 Business Description. 124
12.5.3 Products and Services. 124
12.5.4 Financial Overview.. 124
12.5.5 SWOT Analysis. 124
12.5.6 Key Developments. 125
12.6 SIS Pitches. 126
12.6.1 Key Facts. 126
12.6.2 Business Description. 126
12.6.3 Products and Services. 126
12.6.4 Financial Overview.. 126
12.6.5 SWOT Analysis. 127
12.6.6 Key Developments. 127
12.7 Victoria PLC. 128
12.7.1 Key Facts. 128
12.7.2 Business Description. 128
12.7.3 Products and Services. 128
12.7.4 Financial Overview.. 129
12.7.5 SWOT Analysis. 130
12.7.6 Key Developments. 130
12.8 GreenFields BV. 131
12.8.1 Key Facts. 131
12.8.2 Business Description. 131
12.8.3 Products and Services. 131
12.8.4 Financial Overview.. 131
12.8.5 SWOT Analysis. 132
12.8.6 Key Developments. 132
12.9 HATKO. 133
12.9.1 Key Facts. 133
12.9.2 Business Description. 133
12.9.3 Products and Services. 133
12.9.4 Financial Overview.. 133
12.9.5 SWOT Analysis. 134
12.9.6 Key Developments. 134
12.10 Hellas Construction, Inc. 135
12.10.1 Key Facts. 135
12.10.2 Business Description. 135
12.10.3 Products and Services. 135
12.10.4 Financial Overview.. 135
12.10.5 SWOT Analysis. 136
12.10.6 Key Developments. 136
13. Appendix 137
13.1 About The Insight Partners. 137
13.2 Glossary of Terms. 137
LIST OF TABLES
Table 1. Artificial Turf Market –Revenue and Forecast to 2028 (US$ Mn) 37
Table 2. Global Artificial Turf Market, by Material – Revenue and Forecast to 2028 (US$ Million) 39
Table 3. Global Artificial Turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 44
Table 4. North America Artificial Turf Market, by Material – Revenue and Forecast to 2028 (US$ Million) 50
Table 5. North America Artificial Turf Market, by Application– Revenue and Forecast to 2028 (US$ Million) 50
Table 6. US Artificial Turf Market, by Material – Revenue and Forecast to 2028 (US$ Million) 52
Table 7. US Artificial Turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 52
Table 8. Canada: Artificial Turf Market, by Material – Revenue and Forecast to 2028 (US$ Million) 53
Table 9. Canada Artificial Turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 54
Table 10. Mexico Artificial Turf Market, by Material – Revenue and Forecast to 2028 (US$ Million) 55
Table 11. Mexico Artificial Turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 56
Table 12. Europe: Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 58
Table 13. Europe: Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 59
Table 14. Germany Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 60
Table 15. Germany Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 61
Table 16. France Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 63
Table 17. France Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 63
Table 18. Italy Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 64
Table 19. Italy Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 65
Table 20. Russia Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 66
Table 21. Russia Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 67
Table 22. UK Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 68
Table 23. UK Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 69
Table 24. Rest of Europe Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 70
Table 25. Rest of Europe Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 71
Table 26. Asia Pacific Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 73
Table 27. Asia Pacific Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 74
Table 28. Australia Artificial turf Market, By Material– Revenue and Forecast to 2028 (US$ Million) 75
Table 29. Australia Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 76
Table 30. China Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 77
Table 31. China Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 78
Table 32. India Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 79
Table 33. India Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 80
Table 34. Japan Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 81
Table 35. Japan Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 82
Table 36. South Korea Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 83
Table 37. South Korea Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 83
Table 38. Rest of Asia Pacific Artificial turf Market, By Material – Revenue and Forecast to 2028 (US$ Million) 84
Table 39. Rest of Asia Pacific Artificial turf Market, by Application – Revenue and Forecast to 2028 (US$ Million) 85
Table 40. Middle East and Africa Artificial turf Market, By Material– Revenue and Forecast to 2028 (US$ Million) 87
Table 50. South and Central America Artificial turf Market, By Material – Revenue and Forecast to 2028 (USD Million) 98
Table 51. South and Central America Artificial turf Market, by Application – Revenue and Forecast to 2028 (USD Million) 99
Table 52. Brazil Artificial turf Market, By Material – Revenue and Forecast to 2028 (USD Million) 100
Table 53. Brazil Artificial turf Market, by Application – Revenue and Forecast to 2028 (USD Million) 101
Table 54. Argentina Artificial turf Market, By Material – Revenue and Forecast to 2028 (USD Million) 102
Table 55. Argentina Artificial turf Market, by Application – Revenue and Forecast to 2028 (USD Million) 103
Table 56. Rest of South and Central America Artificial turf Market, By Material – Revenue and Forecast to 2028 (USD Million) 104
Table 57. Rest of South and Central America Artificial turf Market, by Application – Revenue and Forecast to 2028 (USD Million) 105
Table 58. Glossary of Terms, Global Artificial Turf Market 137
LIST OF FIGURES
Figure 1. Artificial Turf Market Segmentation. 18
Figure 2. Artificial Turf Market Segmentation – By Geography. 19
Figure 3. Global Artificial Turf Market Overview. 21
Figure 4. Global Artificial Turf Market, By Application. 22
Figure 5. Global Artificial Turf Market, by Geography. 23
Figure 6. Global Artificial Turf Market, Industry Landscape. 24
Figure 7. Porter's Five Forces Analysis. 29
Figure 8. Ecosystem: Artificial Turf Market 30
Figure 9. Expert Opinion. 32
Figure 10. Global Artificial Turf Market Impact Analysis of Drivers and Restraints. 35
Figure 11. Geographic Overview of Artificial Turf Market 36
Figure 12. Artificial Turf Market – Revenue and Forecast to 2028 (US$ Mn) 37
Figure 13. Artificial Turf Market Revenue Share, By Material (2020 and 2028) 39
Figure 14. Polyethylene: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 40
Figure 15. Polypropylene : Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 41
Figure 16. Polyamide: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 42
Figure 17. Others: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 43
Figure 18. Artificial Turf Market Revenue Share, By Application (2020 and 2028) 44
Figure 19. Residential: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 45
Figure 20. Commercial: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 46
Figure 21. Sport: Artificial Turf Market – Revenue and Forecast To 2028 (US$ Mn) 47
Figure 22. Global Artificial Turf Market Revenue Share, by Region (2020 and 2028) 48
Figure 23. North America: Artificial Turf Market – Revenue and Forecast to 2028 (US$ Million) 49
Figure 24. North America: Artificial Turf Market Revenue Share, by Material (2020 and 2028) 49
Figure 25. North America: Artificial Turf Market Revenue Share, by Application (2020 and 2028) 50
Figure 26. North America: Artificial Turf Market Revenue Share, by Key Country (2020 and 2028) 51
Figure 27. US: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 51
Figure 28. Canada: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 53
Figure 29. Mexico: Artificial Turf Market –Revenue and Forecast to 2028 (US$ Million) 55
Figure 30. Europe: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 31. Europe: Artificial turf Market Revenue Share, By Material (2020 and 2028) 58
Figure 32. Europe: Artificial turf Market Revenue Share, by Application (2020 and 2028) 59
Figure 33. Europe: Artificial turf Market Revenue Share, by Key Country (2020 and 2028) 59
Figure 34. Germany: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 60
Figure 35. France: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 62
Figure 36. Italy: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 64
Figure 37. Russia: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 66
Figure 38. UK: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 68
Figure 39. Rest of Europe: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 40. Asia Pacific: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 72
Figure 41. Asia Pacific: Artificial turf Market Revenue Share, By Material (2020 and 2028) 73
Figure 42. Asia Pacific: Artificial turf Market Revenue Share, by Application (2020 and 2028) 73
Figure 43. Asia Pacific: Artificial turf Market Revenue Share, by Key Country (2020 and 2028) 74
Figure 44. Australia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 75
Figure 45. China: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 77
Figure 46. India: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 47. Japan: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 81
Figure 48. South Korea: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 82
Figure 49. Rest of Asia Pacific: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 84
Figure 50. Middle East and Africa: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 86
Figure 51. Middle East and Africa: Artificial turf Market Revenue Share, By Material (2020 and 2028) 87
Figure 52. Middle East and Africa: Artificial turf Market Revenue Share, by Application (2020 and 2028) 87
Figure 53. Middle East and Africa: Artificial turf Market Revenue Share, by Key Country (2020 and 2028) 88
Figure 54. South Africa: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 89
Figure 55. Saudi Arabia: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 91
Figure 56. UAE: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 93
Figure 57. Rest of MEA: Artificial turf Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 58. South and Central America: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 97
Figure 59. South and Central America: Artificial turf Market Revenue Share, By Material (2020 and 2028) 98
Figure 60. South and Central America: Artificial turf Market Revenue Share, by Application (2020 and 2028) 99
Figure 61. South and Central America: Artificial turf Market Revenue Share, by Key Country (2020 and 2028) 99
Figure 62. Brazil: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 100
Figure 63. Argentina: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 102
Figure 64. Rest of South and Central America: Artificial turf Market – Revenue and Forecast to 2028 (US$ Million) 104
Figure 65. Impact of COVID-19 Pandemic in North American Country Markets. 107
Figure 66. Impact of COVID-19 Pandemic in Europe Country Markets. 108
Figure 67. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets. 109
Figure 68. Impact of COVID-19 Pandemic in the Middle East & Africa Country Markets. 110
Figure 69. Impact of COVID-19 Pandemic in South and Central America Country Markets. 111
The List of Companies - Artificial Turf Market
- The Dow Chemical Company
- Tarkett
- Act Global
- CCGrass
- TenCate Grass
- SIS Pitches
- Victoria PLC
- GreenFields BV
- HATKO
- Hellas Construction, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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