Artificial Turf Global Market Report 2024

Artificial turf denotes synthetic, carpet-such as materials utilized for covering various surfaces such as patios, football and baseball fields, among others, replicating the appearance and feel of natural turf. Constructed from eco-friendly materials, these synthetic surfaces boast high durability and are designed for all-weather usage, making them a favored choice for both commercial and residential applications, including landscaping and lawns. The versatility and enduring nature of artificial turf make it a popular option across diverse weather conditions and settings.

Artificial turfs typically utilize various materials, with primary types including polyethylene, polypropylene, nylon, and other synthetic compositions. Among these, polyethylene stands out as a thermoplastic material characterized by a versatile crystalline structure, offering lightweight properties coupled with exceptional durability. Polyethylene-based artificial turfs replicate the appearance of real grass, delivering a realistic aesthetic. Owing to its qualities such as water resistance, resilience, and pliability, polyethylene is commonly chosen for landscaping and lawn applications. These artificial turf systems find installation across floors and wall claddings, serving diverse purposes in residential, commercial, and sports settings alike.

The artificial turf market research report is one of a series of new reports from The Business Research Company that provides artificial turf market statistics, including artificial turf industry global market size, regional shares, competitors with artificial turf market share, detailed artificial turf market segments, market trends and opportunities, and any further data you may need to thrive in the artificial turf industry. This artificial turf market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The artificial turf market size has grown strongly in recent years. It will grow from $4.94 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. Historical growth can be attributed to sports infrastructure development, efforts towards landscaping and aesthetic appeal, focus on water conservation, resilience against weather conditions, urbanization leading to limited green spaces, and the drive to reduce maintenance costs.

The artificial turf market size is expected to see rapid growth in the next few years. It will grow to $8 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The forecasted growth is driven by considerations related to climate change, the increase in sports events, commercial and residential construction, the development of public parks and recreational spaces, and concerns regarding health and safety. Major trends expected in this period include advancements in turf technology, innovations in technology and materials, the emergence of environmentally friendly and pet-friendly turf solutions, and a heightened focus on safety and performance.

The substitution of natural grass with artificial turf in sports stadiums is expected to be a driving force behind the growth of the artificial turf market. This transition is driven by the numerous social and health benefits associated with artificial turf, including its ability to withstand heavy use and provide enhanced accessibility to sports stadiums. Recognizing these advantages, stadium authorities are increasingly adopting plans to replace natural grass surfaces with synthetic turf, aiming to ensure high-quality sports ground surfaces. As an illustrative example, the National Football League reported in April 2021 that Bank of America Stadium successfully completed the transition from natural grass to artificial turf ahead of the Carolina Panthers pre-season scheduled for August 2021. The decision to replace natural grass with artificial field turf was motivated by the desire to guarantee a consistent playing surface not only for the Panthers but also for various events, including those of the Charlotte Football Club of Major League Soccer, college football games, and concerts. This shift towards artificial turf in sports stadiums is a key factor propelling the growth of the artificial turf market.

The expansion of the artificial turf market is anticipated to be propelled by the growth in the residential construction sector. This sector involves the construction, renovation, or development of homes and housing structures for individuals or families. Artificial turf finds widespread use in residential construction due to its appealing characteristics, including low maintenance and aesthetic value, providing a sustainable alternative to natural grass. As of June 2023, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, both government administrations in the United States, revealed a noteworthy surge in privately owned home starts. The seasonally adjusted annual pace reached 1,631,000 in May 2023, marking a substantial 21.7% increase from the revised April 2023 prediction of 1,340,000 and a 5.7% rise compared to the May 2022 rate of 1,543,000. Additionally, the number of privately owned home completions in May 2023 stood at 1,518,000 on a seasonally adjusted yearly basis, indicating a 5.0% increase over the May 2022 rate of 1,446,000 and a 9.5% rise above the revised April 2023 estimate of 1,386,000. This robust growth in the residential construction sector serves as a key driver for the artificial turf market.

The artificial turf market is undergoing significant transformation driven by technological advancements and continuous innovations. Companies within the turf or grass industry are actively embracing this trend to deliver exceptional quality and genuine value to their customers. They are introducing standout products that come with unparalleled lifetime warranties, a strong commitment to sustainability, and top-tier safety ratings. An illustrative example is SYNLawn, a US-based artificial grass manufacturer, which, in February 2021, unveiled a new category of product enhancements. These innovations include soy content, expanded color options, advanced drainage, and the introduction of Super Yarn technology. The Super Yarn technology is a groundbreaking development in synthetic turf products, representing a substantial leap forward in the industry. This technology incorporates three remarkable features-Sanitized antimicrobial technology, DualChill IR reflective technology, and StatBlock anti-static technology-at the molecular level, transforming the landscape of artificial grass fibers. The adoption of such cutting-edge technologies underscores the industry's commitment to advancing product capabilities and meeting the evolving needs of customers.

Prominent companies in the artificial turf market are strategically emphasizing advanced solutions, particularly high-end artificial turf systems, to elevate performance, durability, and sustainability across various applications. These high-end artificial turf systems represent sophisticated synthetic grass solutions that leverage premium materials and cutting-edge technology for superior quality and longevity. As an example, in February 2023, TenCate Grass Holding BV, a Netherlands-based provider renowned for high-quality synthetic turf solutions, introduced the GreenFields Pure range. This innovative and sustainable non-infill solution is tailored for top-level football applications, featuring three brand new artificial turf products meticulously designed with a strong emphasis on sustainability. The key attributes include an extended lifespan, resilient player performance, and minimal maintenance requirements. Notably, all three systems within the GreenFields Pure range are rated A+ in Greenfield's comprehensive ECO classification system, underscoring the eco-friendly characteristics of each individual product as well as the entire range. This strategic focus on advanced solutions demonstrates the industry's commitment to delivering cutting-edge technology and environmentally conscious options to meet the evolving needs of diverse applications.

In September 2021, Crestview Partners, a US-based private equity firm specializing in middle-market contrarian and distressed investments, along with special situations, successfully acquired TenCate Grass Holding B.V for an undisclosed sum. This strategic acquisition is designed to provide substantial support for the product development and expansion initiatives of TenCate Grass within the sports market. TenCate Grass Holding B.V., headquartered in the Netherlands, is a prominent artificial turf manufacturer.

Major companies operating in the artificial turf market report are Taishan Sports Industry Group Co. Ltd., DuPont Inc., Shaw Industries Group Inc., Tarkett S.A., CoCreation Grass Co. Ltd., Victoria PLC, TenCate Grass B.V., SIS Pitches Limited, Limonta Sport S.p.A., ForeverLawn Inc., Edel Grass B.V., Sprinturf LLC, CCGrass, Synthetic Grass Warehouse, Act Global LLC, Nurteks HalI Sanayi ve Ticaret A.S., GreenFields BV, Hatko Sport Inc., Domo Sports Grass, GrassTex, Sporturf, Challenger Turf Inc., K&B JUNWOO Co. Ltd., ForestGrass, Rekortan GmbH, Matrix Turf Inc., SportsGrass, Soccer Grass, Condor Grass, Artificial Grass Direct, Easigrass, Artificial Lawn Company, Beaulieu International Group, Controlled Products LLC

Western Europe was the largest region in the artificial turf market in 2023. The regions covered in the artificial turf market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the artificial turf market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The artificial turf market consists of sales of polyamide, polybutylene, and Teflon. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Artificial Turf Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on artificial turf market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for artificial turf ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial turf market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Material Type: Polyethylene; Polypropylene; Nylon; Other Materials
• 2) By Installation: Flooring; Wall Cladding
• 3) By Application: Residential; Commercial; Sports
• Companies Mentioned: Taishan Sports Industry Group Co. Ltd.; DuPont Inc.; Shaw Industries Group Inc.; Tarkett S.A.; CoCreation Grass Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.