According to a new report published by Reports Monitor titled, “ Artificial turf Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global artificial turf market is projected to grow rapidly from 2018 to 2025.
Artificial turf is used for the sports which are to be played in grass and nowadays it is also being used in residential lawns as well as commercial purpose. Artificial turf stands up to heavy use, such as in sports, and requires no or trimming. Domed, covered, and partially covered stadiums may require artificial turf because of the difficulty of getting grass enough sunlight to stay healthy.
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Artificial turf requires less maintenance in comparison to the original grass, as original grass requires sunlight proper water and an environment in which it can flourish. Artificial turf can be used both for indoor as well as outdoor application, for indoor the original grass does not gets the proper sunlight to grow. Infill’s used in manufacturing of synthetic turfs are made up of recycled rubber granules made with distorted tyres, which ultimately saves the cost of production. Broadly considering the data it has been noticed that injuries occurred in grass turf is more in comparison to synthetic turf.
The manufacturers operating in the global artificial turf market are focusing on the introduction of new application specific product offerings in order to better address customer requirements. The strategy of expansion has been adopted by key players who are increasing their production capacities to cater to the increasing demand for artificial grass from various applications. APEJ is expected to register significant growth and is expected to be the most attractive region due to emerging economies such as India and China. China is estimated to hold approximately one-half of the market value share. The global artificial turf market is expected to register significant Year-on-Year growth throughout the projected period.
View Full Report Description with TOC: https://goo.gl/yeFwzc
Europe is the largest market for artificial turf. The European artificial turf market was valued at USD 1,347 million in 2017 and is expected to register moderate CAGR during the forecast period. France is a major market for artificial turf in Europe and has 1,800 synthetic pitches, which is 4% of all the pitches installed across France. Rugby is a major sport in France and in the last six years, around 277 synthetic pitches have been installed in the 29 countries where rugby is played. In Germany DFB (German Football Association) installed 1,000 synthetic mini pitches to increase popularity as well as development of football in Germany from the grass root level.
North America and Europe are rising in this market due to factors such as increasing demand for and aerospace industry. Owing to large number of manufacturers of carbon fiber in Japan is also influencing market. The carbon fiber market is analyzed across regions North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The key vendors in this market are: Shaw Sports Turf, ten cate, hellas construction, fieldturf, sportgroup holding act usa sports, controlled products sprinturf, cocreation grass, domo sports grass, turfstore, global syn-turf inc., dupont.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2017
4.2. Market Size & Forecast, 2018 to 2025
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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