PUBLISHER: Verified Market Research | PRODUCT CODE: 1621987
PUBLISHER: Verified Market Research | PRODUCT CODE: 1621987
Artificial Lawns Market size was valued at USD 5.25 Billion in 2022 and is projected to reach USD 21.11 Billion by 2030 , growing at a CAGR of 14.48% from 2023 to 2030. The Rising use of artificial turf public spaces led by water scarcity is probably going to drive the demand for artificial turfs during the forecast period.
The Global Artificial Lawns Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Artificial Lawns Market Definition
Artificial turf is a type of man-made surface made from synthetic fibers like polyethylene, polyamides, nylon, and polypropylene. It resembles natural grass. It is used in areas that require grass surfaces, such as sports fields and playgrounds. It is also used on wells and on residential lawns. These grass fibers are long-lasting and have a low environmental impact because they only require a small amount of water and are recyclable.
Artificial turfs are highly durable, eco-friendly, and need low maintenance. they're of superior quality. they will be utilized in any climate. Artificial turfs also are utilized in the landscaping & leisure sector. Artificial turfs are easy to exchange and maintain. They eliminate the utilization of harmful pesticides and fertilizers, which are required for natural grass cultivation. Artificial turfs are child- and pet-friendly, as they possess properties such as bacterial resistance.
Global Artificial Lawns Market Overview
The growth of the worldwide housing industry may be a key factor driving the worldwide Artificial Lawns Market. Demand for artificial turfs to be used within the construction sector for stadiums, sports fields, commercial gardens, and houses is rising. Innovations in products have supported the expansion of the worldwide Artificial Lawns Market. The rising use of artificial turf public spaces led by water scarcity is probably going to drive the demand for artificial turfs during the forecast period.
Growing sports activities across the world and rising government investments in the development of sports programs and playgrounds are positively impacting the worldwide Artificial Lawns Market. within the previous couple of years, several players have undergone ACL injuries on turf fields, which limits the appliance of artificial turfs in sports fields.
Global Artificial Lawns Market: Segmentation Analysis:
The Global Artificial Lawns Market is Segmented on the basis of Application, Material Type, And
Geography.
Based on Application, the market is bifurcated into Residential, Commercial, Sports, and Others. The commercial segment is anticipated to witness growth at the foremost rapid pace during the forecast period. Artificial turfs are widely utilized in various utility spaces such as walkways, public gardens, and amusement parks. The growing number of economic constructions is probably going to spice up the segment during the forecast period. Residential societies, parks, backyards, terraces, lawns, etc. are key application areas of artificial turf. Rising living standards and increasing income are augmenting the demand for artificial turf within the residential segment.
Based on Material Type, the market is segmented into Polyamides, Polyethylene, Polypropylene, Nylon, and Others. Polyethylene is anticipated to stay the dominant segment of the worldwide Artificial Lawns Market during the forecast period. Polyethylene may be a highly versatile material and its excellent properties such as durability, softness, and resilience. Polypropylene is predicted to be the second-largest segment of the worldwide Artificial Lawns Market during the forecast period, followed by polyamides and nylon segments. Nylon turfs can retain their original shape, owing to the stiffness of nylon. Also, these turfs are immune to extreme temperatures. However, the high costs of nylon turfs restrict their use in residential, sports, and commercial applications.
Based on Regional Analysis, the Global Artificial Lawns Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is anticipated to carry a serious share of the worldwide market during the forecast period. The region is additionally estimated to be the foremost rapidly expanding marketplace for artificial turfs within the next few years.