Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) — The “Artificial Grass – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Artificial Grass was estimated at US$4 Billion in 2023 and is projected to reach US$5.3 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The adoption of artificial grass is being driven by several key trends across different sectors. In the sports industry, artificial turf is increasingly favored for its durability and consistent playing surface, which reduces maintenance costs and downtime compared to natural grass fields. Schools, universities, and sports complexes are investing in artificial grass to provide all-weather playing surfaces that can be used year-round. In residential and commercial landscaping, the growing emphasis on sustainability and water conservation is prompting a shift towards artificial grass as an eco-friendly alternative to natural lawns.
The versatility of artificial grass is also leading to its use in creative applications, such as rooftop gardens, indoor sports facilities, and urban green spaces, where traditional grass would be impractical. The trend towards outdoor living spaces, spurred by the pandemic, has further accelerated demand for artificial grass as homeowners seek to create low-maintenance, aesthetically pleasing environments for relaxation and recreation.
What Factors are Driving the Growth of the Artificial Grass Market?
The growth in the artificial grass market is driven by several factors that are reshaping landscaping and sports field management. Technological advancements in materials and manufacturing processes have made artificial grass more realistic and durable, enhancing its appeal across a broad range of applications. The increasing focus on water conservation, particularly in regions facing water scarcity, is a significant driver, as artificial grass requires no irrigation and offers a sustainable alternative to natural lawns. The expansion of sports facilities globally, coupled with the need for surfaces that can withstand intensive use, is fueling demand for high-quality artificial turf.
Additionally, the rise in urbanization and the shrinking availability of green spaces in cities are prompting the adoption of artificial grass in public and private developments. The growing trend of low-maintenance landscaping among homeowners and businesses is further boosting the market, as artificial grass offers a practical solution that reduces upkeep while maintaining a lush, green appearance year-round. As these trends continue to gain momentum, the artificial grass market is poised for sustained growth, driven by innovation and the increasing demand for sustainable, versatile landscaping solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Polypropylene Material segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 3.4%. The Nylon Material segment is also set to grow at 3.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 7% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Artificial Grass Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Artificial Grass Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Artificial Grass Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Act Global, Controlled Products, LLC, Dow, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 83 Featured):
- Act Global
- Controlled Products, LLC
- Dow, Inc.
- DuPont de Nemours, Inc.
- El Espartano
- Matrix Turf
- Shaw Industries Group, Inc.
- SIS Pitches
- Sport Group
- sportlink
- Tarkett Group
- Tigerturf
- Victoria PLC
Key Attributes
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $4 Billion |
| Forecasted Market Value (USD) by 2030 | $5.3 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Artificial Grass – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Water Conservation Efforts Propel Growth in Artificial Grass Adoption
- Technological Advancements in Fiber Design Enhance Realism and Appeal
- Expansion of Sports Facilities Spurs Demand for Durable Artificial Turf
- Growing Popularity of Low-Maintenance Landscaping Drives Adoption
- Sustainability Concerns Strengthen Business Case for Eco-Friendly Artificial Grass
- Urbanization Trends Expand Addressable Market for Artificial Green Spaces
- Increasing Demand for All-Weather Playing Surfaces Generates Opportunities
- Advancements in Drainage Technology Improve Performance and Adoption
- Rising Demand for Safe Playgrounds and Recreational Areas Spurs Adoption
- Increased Focus on Aesthetic Landscaping in Urban Areas Expands Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/eqx98f
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