Brief Overview:
The global artificial turf market report is finding it easy to expand its prospects. This is primarily due to the increasing demand the market is witnessing from the sports industry. Market Research Future (MRFR), in their all-encompassing report, covered this aspect of the market, along with its growing demand in the construction sector like residential, commercial, and non-residential sectors. Landscaping is gaining substantial traction and is creating scope for the artificial turf market to expand. This is gaining boost from the rising disposable income, which is spurring the growth of the aesthetic inclusions in various construction-related projects.
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However, the market for artificial turf could get hampered by the high cost and certain physical limitations. But its longevity, low maintenance cost, and no need for irrigation system could boost its prospect.
Competitive Landscape:
A lot of companies are making significant progress in their understanding of the global artificial turf market condition. In their approach, they are introducing top-class strategies that would allow them to maximize their profit. These companies are Altius Sports & Leisure Pvt. Ltd (India), GreenFields BV (The Netherlands), Controlled Products LLC (US), Shaw Sports Turf (US), DowDuPont (US), Tarkett (France), Victoria PLC (UK), Sport Group (UK), Matrix Turf (US), SIS Pitches (England), Act Global (US), Soccer Grass (Brazil), TenCate Grass (The Netherlands), and Limonta Sport SpA (Italy). MRFR included several aspects of these companies to get a good view of these companies and their strategies to understand how the market would get formed in the coming years.
Segmentation:
MRFR’s reading of the artificial turf market is primarily based on a segmentation that digs deep into each segments and reveals precious insights that can help in establishing the market value. The segments are raw material, installation type, application, and infill material.
By raw material, the global market report on the artificial turf can be segmented into polyethylene, nylon, polypropylene, and others.
By installation type, the global report on the artificial turf market can be segmented into flooring and wall-cladding. The flooring segment would be bolstered by the growing demand from the sports industry.
By application, the report would cover segments like sports field, non-residential landscape, residential landscape, and commercial landscape. The residential segment is getting good traction due to the growing disposable income.
By infill material, the report would include several aspects like sand-based infills, petroleum-based infills, and others.
Regional Analysis:
The global artificial turf market would be backed by the ever-changing European market, which is dominating the revenue-generation process. The regional market is focusing much on the structure for various sports, which is why the inclusion of artificial turf is gaining so much boost. The infrastructural change owing to private and government initiatives are expected to make substantial impact on the regional market.
In the Asia Pacific region, construction sectors would include more artificial turf to design the landscape of various commercial and non-commercial properties. This would help the market in registering better growth. On the other hand, various companies are expected to make substantial profit from the growing sports industry in countries like China, India, and others.
In North America, chances are substantial for the market to register high growth as the investment is flowing in easily. This is primarily due to the well-structured sports industry, rising acceptance of turf in baseball sports, and others.
Industry News:
In March 2020, the Gary Kirsten Foundation announced that in Khayelitsha it had invested USD 280,000 to provide artificial turf for better cricket-playing conditions. This would help the regional market The intent is to create better playing conditions for the regional teams.
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