Sports Turf Market Size To Grow By $3.28 bn From 2022 To 2027

The sports turf market size is forecast to increase by USD 3,284.74 million from 2022 to 2026, at a CAGR of 11.98%, according to the recent market study by Technavio. The market is segmented by type (private sports facilities, schools/colleges and universities, and professional world-class stadiums), product (PP sports turf, PE sports turf, and nylon sports turf), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The private sports facilities segment will be significant during the forecast period. Indoor sports complexes, golf clubs, tennis clubs, equestrian centers, and sports training facilities are all examples of private sports facilities.

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The Increasing Demand For Outdoor Sports

Various government bodies, due to the shortage of water, have imposed restrictions on landscaping services such as landscape irrigation. Resultantly, the demand is increasing year over year. Also, with the growing consumer interest in sports, various athletics tracks, golf courses, and stadiums for soccer and basketball, have been developed in recent years. Hence, such factors drive the market growth during the forecast period.

Analyst Review

The Market is experiencing a surge driven by technology advancements and the demand for low-cost maintenance solutions. Artificial sports turf has gained prominence, particularly in regions facing water shortage, prompting government bodies to advocate for its use. Stadium owners are increasingly investing in landscaping services and landscape irrigation to ensure the durability of their sports facilities. Health and safety concerns have underscored the importance of high-quality turf, especially in baseball, soccer stadiums, and basketball stadiums. Grass turf remains a staple in traditional sports like rugby and hockey, although its maintenance costs are higher. With athletics tracks and golf courses also embracing turf innovations, the market anticipates robust growth in the coming years.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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