Synthetic Surfaces Market Set for Explosive Growth, Growth Statistics, Key Players Insights and Outlook By 2030 |
Posted on Mar 15 2023 3:00 AM
"Companies covered are Ten Cate FieldTurf Polytan GmbH ACT Global Sports GreenVision (Mattex) Taishan ForestGrass Forbex Unisport-Saltex Oy SIS Pitches and many more "
The global synthetic surfaces market size is projected to showcase considerable growth in the forthcoming years due to the rising demand from the sports segment. This information is published by Fortune Business Insights in its report, titled "Synthetic Surfaces Market, 2029-2030". The surface is made of synthetic fibers for materials with high water resistance and heat resistance capacity. These sheets are replacing natural grass and are used in playgrounds, gardens, and other commercial places. This surface provides an aesthetic look to infrastructure and outdoors while maintaining the look at a lower cost.
With the current pandemic, lots of outdoor activities have shifted indoors. To keep up with their fitness, consumers have adopted their outdoor activities within their homes' four walls. In these conditions, gyms and other places have transformed their looks using synthetic surfaces to keep up with the natural experience. Also, high-end apartments have transformed their open spaces and terraces, jogging areas, and yoga space using artificial turf grass to keep up with being healthy.
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Based on type, the market for synthetic surfaces is segmented into tuft grass below 10 mm, tuft grass above 10mm and below 25 mm, and tuft grass above 25 mm. By application, the market is divided into sports, landscaping, leisure, and other. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What Does the Report Contain?
The insights in the report are based on primary and secondary research to come to authentic conclusions. The analysis is based on industry-wide data and market projections are estimated by our in-house experts. The data is classified on various bases and each segment meticulously studied to give strategies based on market dynamics. The indispensable guidance provided by our experts is beneficial for the new entrants to the market. The guidance includes business priorities, pricing, prominent business models, challenges, potential business expansion opportunities, and much more. This report is not only beneficial for the new entrants or business holders of the market but also for the investors in this product.
Drivers & Restraints
Increasing Team Sports Activities in Kids to Predict Market Growth
According to the Sports and Fitness Industry Association, team sports activities below 6 to 12 years in the U.S. have increased to 0.9% from 2017 to 2018 in regular practice terms. Also, the participation of adults and kids in various sports has given rise to activities in high demand for the product. There has also been a high demand for corporate infrastructure for decorations and renovation purposes to achieve an aesthetic look. The high durability and low maintenance of the product is a major driver for the synthetic surfaces market growth.
Furthermore, these synthetic surfaces are safer than natural surfaces, preventing significant injuries and scratches when participating in sports. Demand for the product is projected to rise as the surfaces are more durable.
Increasing Demand in Sports Courts of Europe to Boost Market
Europe is anticipated to hold the largest synthetic surfaces market share during the forecast period. The primary reason for this is the several sports clubs and sports courts in the region. Further, the increasing number of Educational Institutes creates a high demand for the surfaces for playgrounds. As per the Department of Education, U.K. Government, there was a 15.7% increase in nursery and primary schools from 2018 to 2019.
Asia Pacific region is also predicted to grow at a faster rate given the high rates of outdoor renovation, lawns, and rooftops at residential and commercial spaces. In countries such as India and China, there has been increasing Government support in recent times for the hospitality industry's development, further boosting the market.
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Key Players to Focus on Expansion Opportunities to Facilitate Growth
The synthetic surfaces' high durability makes it easier to use in sports courts and is preferred by sports court designers for the same. The sport courts and garden segment is predicted to latest share of the market as artificial grass is mainly used in these spaces to combat heating up or drying up of the ground. Also, the key market players are focused on expanding their consumer base for this product. The revenue generated from this product has been substantial but still has great opportunities to grow further.
List of Key Players Profiled in the Market:
- Ten Cate
- Polytan GmbH
- ACT Global Sports
- GreenVision (Mattex)
- Unisport-Saltex Oy
- SIS Pitches
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