Sports Turf Market Report Overview
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The global surf turf market size was USD 1810 million in 2020, as per our research, the market is projected to touch USD 3878.14 million by 2031, exhibiting a CAGR of 7.2% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the Global Sports Turf Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
A rectangular piece of grass called a sports turf can be spread on a sports pitch. Synthetic sports turf cover has been widely used by sports organizations worldwide as well as by company owners, homes and organizations concerned with reducing trash. Real grass has many advantages, but it is also quite bad for the environment. Real grass requires a lot of effort and energy to maintain a healthy and usable state. All the issues can be resolved at once with synthetic sports turf. Since it is artificial, there is no need to water it because it does not grow. It can last for more than 15 years and be used repeatedly.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.
LATEST TRENDS
"Growth of the market in recent years"
The playground hybrid turf market is expanding primarily as a result of the rising need for resilient, affordable, and simple to maintain flooring products for outdoor applications. The demand for artificial turf is also rising as a result of the expansion of sports and competitions as well as unfavorable environmental conditions for the healthy growth of natural grass. These reasons will likely cause the playground hybrid turf market to expand steadily throughout the course of the forecast period. A product called hybrid turf is produced by fusing synthetic reinforcing fibers with actual grass. It is utilized for baseball diamonds, golf courses, association football grounds, and training fields. Events and concerts can also be held on reinforced natural grass. The root zone of the grass is strengthened and more robust thanks to the incorporation of synthetic fibers.
Sports Turf Market Segmentation
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By Type
Based on type the Global Sports Turf Market is classified as PE Sports Turf, PP Sports Turf, Nylon Sports Turf, Others.
By Application
Based on application the global sports turf market is classified as football stadium, baseball stadium, tennis and paddle stadium, multisport stadium, American football, others.
DRIVING FACTORS
"The Utilization as a Catalyst to Boost the Market Growth"
The growing demand to replace natural grass is a major factor in the market's expansion. In many locations, such as schools and public playgrounds, caring for and keeping original grass is less desirable. The cost of maintaining the indigenous grasses is rising, particularly in large stadiums. No irrigation is necessary, the product requires little maintenance, and decorating is not necessary. The end consumers have a high demand for hybrid turf because of all these qualities. The demand for these turfs from the residential and commercial sectors is being impacted by growing knowledge of them. Due to increased awareness, the market is likewise expanding rapidly.
"Extensive Application in Laundering Process to Multiply the Production and Market Growth"
Although considerations like the health and safety concerns related to sports turf products could restrain the market growth, the need for outdoor sports is clearly driving market expansion. With 2022 as the base year, our researchers examined the data along with the main trends, causes, and difficulties. Companies can improve their marketing tactics to acquire a competitive edge by conducting a comprehensive analysis of drivers.As consumer interest in sports has increased, a number of sports facilities, including athletic tracks, golf courses and soccer and basketball stadiums, have been built recently. These sporting venues need grass turf for their fields and running surfaces. Numerous market vendors are anticipated to supply turf items to sporting organisations and venues during the forecasted timeframe.
RESTRAINING FACTORS
"Several Challenges Associated with the Local Irritation to Restrain the Market"
The high price of hybrid turf is a barrier to market expansion. Due to the high upfront cost of hybrid grass, playground hybrid turf is becoming less and less popular. The turf is constructed of polyprene. The hybrid turf product's overall cost goes up as a result. Costs for the final product and installation are likewise considerable. The product is accessible to many developed stadiums. Small stadiums, though, might find it expensive. The adoption rate of hybrid grass may be declining as a result of the product's recent increase in price. Low-cost market alternatives will also be a barrier during the predicted period.
Sports Turf Market Regional Insights
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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"
Due to the anticipated high demand in the United States, North America is the region with the quickest growth. Kentucky Bluegrass, Tall Fescue, and Ryegrass are the three most significant cold season turfgrasses. The three main subtypes of warm season turfgrass are zoysia, Bermuda grass, and St. Augustine. The most popular variety of Kentucky bluegrass is grown mostly in the United States, where demand is highest. For Bermuda grass, there is a comparatively large demand for seed variations. Turfgrass seed demand is rising as more sports, including American football, baseball, soccer and tennis, are played on fields. One of the few international sports at the highest level that is played on a variety of surfaces is tennis. As a result, it provides lots of room for the manufacturing of turf seed to expand.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- Shaw Sports Turf (US)
- Ten Cate (Netherland)
- Hellas Construction (North America)
- FieldTurf (US)
- SportGroup Holding (Germany)
- ACT USA Sports (US)
- Controlled Products (US)
- Sprinturf (US)
- CoCreation Grass (China)
- Domo Sports Grass (Belgium)
- TurfStore (US)
- Global Syn-Turf, Inc. (US)
- DuPont (US)
- Challenger Industires (US)
- Mondo S.p.A. (Italy)
- Polytan GmbH (Germany)
- Sports Field Holdings
- Taishan
- ForestGrass
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1810 Million in 2020 |
Market Size Value By |
US$ 3878.14 Million by 2031 |
Growth Rate |
CAGR of 7.2% from 2020 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the sports turf market expected to touch by 2031?
The global sports turf market is expected to USD 3878.14 million by 2031.
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What CAGR is the sports turf market expected to exhibit by 2031?
The sports turf market is expected to exhibit a CAGR of 7.2% by 2031.
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Which are the driving factors of the sports turf market?
In many locations, such as schools and public playgrounds, caring for and keeping original grass is less desirable.
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Which are the key players functioning in the sports turf market?
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, Challenger Industires, Mondo S.p.A., Polytan GmbH.
