North America Artificial Turf Market
The US, Canada, and Mexico are major economies in North America. Artificial turf is suitable for different types of sports, but it is commonly used for sports such as baseball, football, lacrosse, rugby, and soccer. Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased developments and production of artificial turf. Moreover, artificial turf installation is becoming a common choice for stadiums due to advances in turf technology. In 2021, Bank of America Stadium decided to switch from natural grass to artificial turf. Tepper Sports & Entertainment announced that they would shift away from grass to FieldTurf ahead of the 2021 Carolina Panthers season. BC Place Stadium will also have a new turf field in Canada by January 2022. Pavco, the provincial crown corporation that owns and operates the venue, plans to choose a contractor to install a new artificial turf surface. Hence, the growing demand for artificial turf from the sports industry and an increasing number of stadiums using artificial turf are among the factors driving the artificial turf market.
The US recorded the highest number of COVID-19 confirmed cases in North America. The crisis adversely affected the manufacturing sector in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. In addition, the overall disruptions in manufacturing processes and research and development activities restrained new developments in the artificial turf market. However, with the opening of several growth markets in the region, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the demand for artificial turf is anticipated to grow at a positive and steady pace in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America artificial turf market. The North America artificial turf market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the North America Artificial Turf provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 600.44 Million |
| Market Size by 2028 | US$ 862.18 Million |
| Global CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Artificial Turf refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Artificial Turf Market is valued at US$ 600.44 Million in 2021, it is projected to reach US$ 862.18 Million by 2028.
As per our report North America Artificial Turf Market, the market size is valued at US$ 600.44 Million in 2021, projecting it to reach US$ 862.18 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The North America Artificial Turf Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Artificial Turf Market report:
The North America Artificial Turf Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Artificial Turf Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Artificial Turf Market value chain can benefit from the information contained in a comprehensive market report.
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