The worldwide market for Sports Turf reached a value of $1991 million in 2023 and is projected to reach $3174.3 million by 2030, experiencing a growth rate of 6.9% during the forecast period. Sports Turf refers to turf specifically designed for use in sports stadiums. Artificial turf, a synthetic grass-like material used to replicate natural grass, has been a popular choice for sports fields for many years.
Major players in the global Sports Turf market include Shaw Sports Turf, Ten Cate, Hellas Construction, FieldTurf, and SportGroup Holding. Together, these top five companies control approximately 40% of the market. Europe is currently the largest market for Sports Turf, accounting for around 30% of global market share, followed by North America and Asia-Pacific, which together make up about 55% of the market.
In terms of products, PE Sports Turf holds the largest market share at approximately 35%. When it comes to applications, American Football is the leading segment, followed by Football Stadiums, Baseball Stadiums, Tennis and Paddle Stadiums, and Multisport Stadiums.
The global Sports Turf market is expected to continue growing in the coming years, driven by the increasing demand for high-quality playing surfaces in sports facilities worldwide. The market is characterized by intense competition among key players, who are constantly innovating and improving their products to meet the evolving needs of athletes and sports fans. As new technologies and materials are introduced, the Sports Turf market is likely to witness further advancements and expansions in the near future.
—-
Author : usa-news
Publish date : 2024-07-08 04:59:36
Copyright for syndicated content belongs to the linked Source.