Artificial Grass Market to Showcase Continued Growth in the Coming Years

Northbrook, USA, 2020-Feb-05 — /EPR Network/ — The artificial grass market is estimated at USD 3.20 Billion in 2017 and is projected to grow at a CAGR of 6.8%, to reach USD 4.45 Billion by 2022. The market is driven by the growing demand for artificial grass from the sports industry, increasing applications of artificial grass in commercial and residential landscaping across the globe, coupled with the demand from the regions where the environmental conditions are arid or semi-arid. The shift in preference for artificial grass over natural grass is attributed to benefits such as increased frequency of usage; longer playing sessions; low-maintenance; and no requirement of irrigation, mowing, trimming, and fertilizers.

Based on application, the landscaping segment is projected to grow at the highest CAGR from 2017 to 2022, making it a key revenue pocket for the artificial grass industry players. Due to an increase in the number of playground areas, lawns, gardens, and airports and several benefits such as natural look, aesthetic appeal, and low maintenance costs, artificial grass is gaining popularity in the landscaping segment for both, developed and developing markets. Arid & semi-arid countries such as the UAE, South Africa, Saudi Arabia, and Egypt is projected to drive the landscaping segment in the artificial grass market due to environmental benefits such as water conservation and difficulty to find soil for the healthy growth of natural grass during summer.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238480246

Based on installation, the wall cladding segment is projected to grow at the highest CAGR from 2017 to 2022. A growing number of wall cladding installations of artificial grass in the exteriors and interiors of hotels, commercial spaces including reception areas, hospitals, terrace walls, pool areas, and porch areas is expected to drive the market during the forecast period.

In terms of value, Asia Pacific and South America are projected to be the fastest-growing regions for the artificial grass market during the forecast period. Countries such as India, China, Argentina, and Paraguay offer significant opportunities for the growth of the artificial grass market. Growing manufacturing base of artificial grass in these countries, growing popularity of sports, government support and encouragement for the implementation of artificial grass in sports fields and other commercial applications, coupled with water conservation concerns are some of the major factors that are expected to drive the growth of the artificial grass market in these regions.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as DowDuPont (US), Tarkett (France), Controlled Products (US), Shaw Industries Group (US), and Victoria PLC (UK). Other players include Act Global (US), SportGroup (Germany), TigerTurf (New Zealand), SIS Pitches (UK), Matrix Turf (US), Nurteks Hali (Turkey), Soccer Grass (Brazil), Limonta (Italy), Sportlink (Brazil), and El Espartano (Argentina).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com