Thursday, January 31, 2019
Artificial Turf Market is expected to grow at a Considerable CAGR by 2026
Do you like this story?
According to a new market research report published by
Credence Research “Artificial
Turf Market(Material Type – Polyethylene, Polypropylene, and
Polyamides; Installation – Wall Cladding and Flooring; Application – Contact
Sports, Non-contact Sports and Leisure and Landscaping) – Growth, Future
Prospects and Competitive Analysis, 2018 – 2026”, the artificial turf market
was valued at US$ 3.25 Bn in 2017 and will be reaching US$ 8.56 Bn in 2026
growing at a CAGR of 10.5% during the forecast period from 2018 to 2026.
Browse the full report at https://www.credenceresearch.com/report/artificial-turf-market
Market Insights
The artificial turf market stood at US$ 3.25 Bn in 2017 and
expected to reach US$ 8.56 Bn in 2026 growing at a CAGR of 10.5% during the
forecast period from 2017 to 2026. In recent years, artificial turfs are
finding increased application across sports stadiums and commercial playground
surfaces. Artificial turfs provide numerous advantages over natural grass. As
compared to natural grass, artificial turfs involve a much lesser maintenance
cost. Moreover, other benefits such as versatility & preparation and
weather utility further leading to the increasing adoption of artificial turfs.
These turfs have a low environmental impact as they are recyclable, need less
water and reduce the use of fertilizers and pesticides. This has led to the
increasing application of artificial turfs across, homes, golf courses,
businesses and public spaces. Rising urbanization is another prominent factor
aiding the artificial turf market positively. This factor is particularly
evident in developing countries where artificial turfs are increasingly being
used for landscaping purposes. Growth in the number of sport events across the
world and stadiums switching to artificial turfs are two prominent factor
complimenting the artificial turf market growth. For instance, US Bank Stadium
is expected to install a new artificial turf in 2019. Reports suggest that the
current turf was purchased for US$1.5 million. Similarly, Boise State
University’s athletic stadium is expected to install a new blue artificial turf
at the stadium in 2019. The installation would cost US$600,000 to $1 million.
By material type, the polyethylene segment held the largest
market share in 2017. Polyethylene on account of its characteristics such as
softness, durability and resiliency is the most preferred when it comes to turf
material type. On the other hand, factors such as excellent wear resistance,
high melting point and long color holding capacity would contribute to the
growth of the polyamides segment in the coming years.
In terms of geography, Europe accounted for the largest
market in 2017. The region houses a large number of sports stadiums. Moreover,
many leading artificial turf manufacturers such as Victoria PLC, Tarkett,
SportGroup and SIS Pitches among others are headquartered in the region.
Growing number of commercial playground surfaces, high investment in
infrastructure and rapid urbanization would drive the growth of the artificial
turf market in Asia Pacific. Countries such as India and China helped by the
growth of the construction sector and rising disposable income would lead this
growth.
Key players profiled in the report include Shaw Industries,
Tarkett, SIS Pitches Dowdupont, Victoria PLC, ACT Global, Tigerturf, Sport
Group, Matrix Turf, Soccer Grass and Nurteks Hali among others.
The complete report
is available at https://www.credenceresearch.com/report/artificial-turf-market
Get Sample with more
graphs and details for better understanding: https://www.credenceresearch.com/sample-request/59543
About Us
Credence Research is a worldwide market research and
counseling firm that serves driving organizations, governments, non-legislative
associations, and not-for-benefits. We offer our customers some assistance with
making enduring enhancements to their execution and understand their most
imperative objectives. Over almost a century, we've manufactured a firm
extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than
15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the
Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. Our firm
is intended to work as one. We are a solitary global research organization
united by a solid arrangement of qualities, concentrated on customer effect.
Also View on Reuters: http://www.reuters.com/brandfeatures/venture-capital/article?id=78792
Also View on Fox40: http://www.wicz.com/story/39862766/at-cagr-105-artificial-turf-market-size-will-touch-us-856-bn-by-2026-credence-research
Blog PDF: http://www.newsnasdaq.com/download-pdf-artificial-turf-market-size-2018-2026-credence-research/
Credence Research Inc
105 N 1st ST #429
SAN JOSE
CA 95103
United States
Toll Free(US/CANADA): +1-800-361-8290
Email: sales@credenceresearch.com 105 N 1st ST #429
SAN JOSE
CA 95103
United States
Toll Free(US/CANADA): +1-800-361-8290
Subscribe to:
Post Comments (Atom)
0 Responses to “Artificial Turf Market is expected to grow at a Considerable CAGR by 2026”
Post a Comment