Thursday 19 May 2016

Global Artificial Grass Turf Market Is Expected To Grow At A CAGR of 12% By 2019: Radiant Insights

Global Artificial Grass Turf Market Trends, Growth Report 2019: Radiant Insights

Market outlook of the artificial grass turf market
The artificial grass turf surface is made of plastic pellets, and the grass consists of filaments threaded into the surface. The increased demand for artificial grass turf in regions where the environmental conditions are arid and hostile is the primary driver for the market growth. Technavios market research analyst predicts the global artificial grass turf market to grow at a CAGR of 12% during the forecast period.

However, the high setup cost is expected to deter the market growth during the forecast period. The initial cost of installing an artificial grass turf is high and ranges from USD 1.59 to USD 4.00 per square foot depending on the type of artificial turf. Consumers in such regions prefer using the natural grass turf as it is cheaper rather than purchasing the costlier artificial grass turf.

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Segmentation by application and analysis of the artificial grass turf market
Contact sports
Leisure
Landscaping
Hockey
Tennis

Contact sports accounted for 44% of the market shares during 2014. The use of artificial grass turf for American football has been popular since the 1960's due to the unfavorable environment conditions in America.

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