Infinium Global Research

Artificial Turf Market Analysis on Top Key Vendors, Revenue Growth and Business Development Forecast 2018 to 2024

The report is a comprehensive presentation of trends, forecast and dollar values of global artificial turf market. According to report the global artificial turf market is projected to grow at a CAGR of 12.5% over the forecast period of 2018-2024.

 

Pune, India -- (SBWIRE) -- 10/29/2018 -- "Our latest research report entitled Artificial Turf Market (by types (Nylon, Polyethylene, Polypropylene), application (sports applications, airports, landscaping), region (North America, Europe, Asia-Pacific)) provides complete and deep insights into the market dynamics and growth of Artificial Turf. Latest information on market risks, industry chain structure Artificial Turf cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Artificial Turf growth factors.

The forecast Artificial Turf Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Artificial Turf on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report."

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Enormous Adoption of Artificial Grass in Various Sports Arenas to Promote the Growth of Artificial Turf Market

The artificial turfs provide high quality, low maintenance surface that reduces the usages of water & pesticides. Rapidly growing adoption of artificial grass across various playing surfaces including football, golf, rugby, hockey, multi-purpose school sports fields and in several other sports areas is driving the growth of artificial market. In addition, increasing demand for the ecofriendly and high durability of artificial turf in the various landscaping applications is likely to escalate the growth of artificial turf. However, high installation cost and high surface temperature may hamper the growth of artificial turf. The on-going developments in the materials and technologies such as introduction of hybrid artificial turfs are projected to serve many opportunities for the artificial turf market in upcoming years. The hybrid artificial turf contents the combination of both natural and the synthetic grass which are stronger and offers high resistance to damage as compare to the artificial turf

Europe Dominates the Artificial Turf Market and Expected To Continue To Dominate the Artificial Turf Market

Geographically, Europe holds the maximum share in 2017 and is expected to dominate the artificial turf market over the forecast period. In the Europe region, France is the major market for artificial turf owing to its application in the Football and Rugby stadiums. Ruby and the football are the major games in the France and other Europe countries. Upcoming various sports tournaments in Europe is likely to boost the growth of artificial turf in this region. In addition, Asia pacific is growing at a fastest growing region in terms of CAGR in the artificial turf market. Blooming sports stadiums and increase investment in infrastructure are driving the growth of artificial turf market in Asia Pacific Region.

Key Developments:

MID-AMERICAN CONFERENCE (MAC) ANNOUNCED PARTNERSHIP WITH FIELDTURF

In July 2018, Mid-American Conference (MAC) have entered into a partnership to make FieldTurf the Conference's Preferred Field Builder. FieldTurf, is the company that invented and perfected long-pile, infilled artificial turf.

ARTIFICIAL TURF INSTALLATION PROJECT UNDERWAY AT GRAND AVENUE PARK IN CHINO HILLS

In June 2018, Chino Hills is contracting with FieldTurf USA, Inc. to provide and install the turf. The Montreal-based company has come under scrutiny for the use of defective fibers in its synthetic turf, causing turf field failures across the country.

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RECREATION COMMITTEE CONSIDERS ARTIFICIAL TURF OPTIONS IN FALMOUTH

In July, the Falmouth Recreation Committee identified options for a second artificial turf field. The decision was based on the Gale Associates report, which states the town would need either three artificial turf fields or nine natural grass fields to meet current usage demands.