Yahoo Finance $5.3 Billion Worldwide Artificial Grass Industry to 2030 - Increasing Sports Venues Substituting Natural Grass with Artificial Turf
Global Market for Artificial Grass
Dublin, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The "Artificial Grass - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Grass estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$5.3 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030.
Flooring, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$3.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wall Cladding segment is readjusted to a revised 3.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 7.2% CAGR
The Artificial Grass market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.
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
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Report Attribute | Details |
No. of Pages | 194 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $3.8 Billion |
Forecasted Market Value (USD) by 2030 | $5.3 Billion |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
A Prelude into Artificial Grass Market
Contact Sports Remains the Prominent End User Segment in Artificial Grass Market
Asia-Pacific Region to Register Fastest Growth during the Analysis Period
Artificial Grass - Global Key Competitors Percentage Market Share in 2022 (E)
Artificial Grass Market: Percentage Breakdown of Market Shares by Leading Players (2018)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
An Overview of Leading Market Players
3. MARKET TRENDS & DRIVERS
Increasing Sports Venues Substituting Natural Grass with Artificial Turf
Eco-friendliness and Affordability Features of Artificial Grass Support Market Growth
Technological Advancements to Spur Market Demand
Low in Water Usage Factor is Driving Demand for Artificial Grass Market
Market Challenges
Threat to Environment and Health due to Use of Artificial Grass to Hamper Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/bpybyw-grass?w=12
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