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The research report on Artificial Turf Market is segmented by Product Type by Application, by Installation and by Region -Size, Share, Outlook, and Opportunity Analysis
Artificial Turf Market - Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Artificial turf is a surface of man-made fibers, which mimics natural grass. It does not
require any kind of practices such as irrigation, trimming, pesticides, and others but
need low cost maintenance compared to natural grass. Artificial turf is made from
eco-friendly materials and could be used in all kinds of weather. High durability, all
weather utility of artificial turf makes it a popular choice for commercial purposes
such as landscaping.
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Market Dynamics
Increasing number of commercial and residential complexes with top-level amenities
such as beautiful landscape, gardens, top roof garden etc. are one of the major
factors for growth of the global artificial turf market. For instance, in the opinion of the
U.S. Bureau of Economic Analysis (BEA) and National Endowment for the Arts
(NEA), the landscape services industry has annual revenues of US$ 93 billion,
employs over 1 million people, and represents 513,305 businesses, which
significantly boosts demand for artificial turf.
Market Outlook
Europe, Asia, and NorthArtificial Turf Market Outlook, America are expected to
witness increasing demand for artificial turf during the forest period, owing to
increasing number of stadiums in these regions. According to Union of European
Football Association (UEFA) and Stadium Managers Association, Europe has the
highest number of stadiums that is 1223, whereas, Asia, North America and Africa
has 1165,961,399 number of stadiums, collectively. Moreover, artificial turf market is
gaining major traction due to replacement of natural grass by artificial turf, as natural
grass gets easily damaged by rain, which hinders sports activity. For instance, in the
opinion of European Synthetic Turf Organization, the global artificial turf market was
valued at US$ 2,530 million in 2016, and is estimated to reach US$ 5,842 million by
2023.
Key Players
Key players operating in the global artificial turf market include DowDuPont, Tarkett,
Victoria PLC, Act Global, SportGroup, Tiger Turf, SIS Pitches, Matrix Turf, Nurteks
Hali, Soccer Grass, Limonta, Sportlink , and El Espartano
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