Artificial Grass Turf Market Size to Grow by $ 12.59 Billion through 2021-2025
The artificial grass turf market is expected to grow by $ 12.59 billion, accelerating at a CAGR of almost 8% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Artificial Grass Turf Market: Segmentation by Distribution Channel
This report provides a detailed analysis of the market by Distribution Channel (Offline and Online), Application (Sports and Leisure and landscaping), and Geography (Europe, North America, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing prominence of private-label brands has been identified as one of the chief factors that will drive the artificial grass turf market growth in North America over the forecast period.
Artificial Grass Turf Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avalon BV, CoCreation Grass Corp., Controlled Products LLC, ForeverLawn Inc., GrassInc. BV, Landscape Solutions BV, Recreational Systems International, Sport Group Holding GmbH, Tarkett Group, and Tennessee Acquisition Holding BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.
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