The Playground Hybrid Turf Market Is Estimated To Witness High Growth Owing To Rising Number of Sporting Events


 Playground Hybrid Turf

The Playground Hybrid Turf Market is estimated to be valued at US$ 6145.68 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The playground hybrid turf market involves products that are used for playing sports and other recreational activities on playgrounds and parks. Hybrid turf provides a natural grass-like surface that combines synthetic materials with natural grass. It delivers the appearance and feel of natural grass while being more durable than natural grass. The use of hybrid turf allows playground areas and sports fields to withstand heavy foot traffic and adverse weather conditions compared to natural grass. As such, it requires less maintenance and has lower lifecycle costs.

Market Dynamics:

Rising number of sporting events: The growing popularity of sports at both professional and amateur levels has increased the demand for high-quality sports surfaces including hybrid turf. Several international sporting events such as FIFA World Cup, Commonwealth Games, and Olympics are driving investments in installing hybrid turf playgrounds and fields. This is expected to propel the demand over the forecast period.

Increasing sports infrastructure development: Governments across regions are extensively focusing on developing modern sports infrastructure to encourage sports participation. This involves installing hybrid turf in playgrounds, parks, and sports complexes. Ongoing and planned infrastructure projects are anticipated to boost the adoption of hybrid turf over the next few years.

SWOT Analysis

Strength: Playground hybrid turf has high durability and can withstand heavy usage. It requires low maintenance and upkeep compared to natural grass. Playground hybrid turf surfaces provide uniformity and consistency for play every time.

Weakness: Initial installation cost of playground hybrid turf is very high compared to natural grass. It requires specialized equipment and technicians for installation. Playground hybrid turf cannot be reused after its lifetime is over as it has to be discarded as synthetic surface.

Opportunity: Rising consumer preference for artificial turfs over natural grass due to ease of maintenance and usage is driving the market growth. Increasing sports and outdoor entertainment facilities are creating demand for durable and long-lasting playing surfaces.

Threats: Fluctuations in raw material prices can increase the product cost. Development of alternative products may also affect the market demand.


Key Takeaways:

The Global Playground Hybrid Turf Market is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing sports infrastructure development and outdoor recreational facilities. Rapid urbanization coupled with rising health awareness has augmented the demand for sports fields and playgrounds around the world.

Regional analysis: North America dominates the global playground hybrid turf market and is expected to continue its dominance over the forecast period. This is attributed to increasing investments in sports infrastructure and presence of major market players in the region. Europe is the second largest market for playground hybrid turf owing to large number of sports clubs and events held in the region. Asia Pacific exhibits the fastest growth rate due to growing middle class population and economic development in countries such as China and India.

Key players operating in the playground hybrid turf market are Shaw Sports Turf, TenCate, Hellas Construction, FieldTurf, SportGroup Holding, ACT Global Sports, Controlled Products, Sprinturf, CoCreation Grass, and Domo Sports Grass. The key players are focusing on new product launches, mergers, acquisitions, and collaborations to gain significant market share and cater to broader customer base. Innovation in artificial grass technology to mimic natural grass is also a major focus area for manufacturers.

Read More - https://www.dailyprbulletin.com/artificial-turf-sand-based-infilled-artificial-turf-is-the-largest-segment-is-the-largest-segment-driving-the-growth-of-playground-hybrid-turf-market/

 

Comments

Post a Comment

Popular posts from this blog

Training Market Estimated To Witness High Growth Owing To Growing Emphasis on Developing Skillset

Image
  Training Market The Training Market Is Estimated To Be Valued At US$132.2244 Bn In 2023 And Is Expected To Exhibit A CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The training market covers products and services related to developing and enhancing skills through workshops, online programs and classroom instructions. This includes corporate training focused on technical, soft and safety skills for varied industries. The key end users are corporates, government organizations and educational institutes. Market Dynamics: The training market is expected to witness significant growth owing to growing emphasis on developing skills to cope with rising complexity and changing nature of jobs. With rapid digitalization and emerging technologies, job roles are transforming significantly necessitating continuous upskilling and reskilling of workforce. This is driving increased demand for training p...
Read more

Salmonella Testing Is Estimated To Witness High Growth Owing To Rising Food Safety Concerns

Image
Salmonella testing market The Salmonella testing market is estimated to be valued at US$ 2.91 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Salmonella testing market involves detection and identification of Salmonella bacteria that causes food poisoning. The key products in the market are assays, kits and reagents that are used to test food samples, clinical samples and environmental samples for the presence of Salmonella. Major end-users include food processing companies, pharmaceutical companies, clinical laboratories and research institutions. Market Dynamics: Rising global outbreaks of foodborne illnesses caused by Salmonella infection is a major factor driving growth of the Salmonella testing market. According to WHO, non-typhoidal Salmonella causes over 90 million cases of gastroenteritis each year globally. Growing consumer awareness abo...
Read more

Global Lab-on-a-Chip and Microarrays (Biochip) Market Is Estimated To Witness High Growth Owing To Rising Demand for Personalized Medicine and Technological Advancements

Image
  Lab-on-a-Chip and Microarrays (Biochip) Market The Lab-on-a-Chip and Microarrays (Biochip) Market is estimated to be valued at US$ 15,268.0 Mn in 2023 and is expected to exhibit a CAGR of 13.43% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Lab-on-a-chip and microarrays (biochip) are innovative technologies that have revolutionized the field of diagnostics and drug discovery. These devices are used for sample analysis and detection of diseases at a molecular level. Lab-on-a-chip platforms offer benefits such as minimal sample requirement, high-throughput analysis, and cost-effective solutions. They find applications in various areas such as genomics, proteomics, and clinical diagnostics, among others. These biochips have the potential to provide personalized medicine by enabling rapid and accurate diagnosis, leading to effective treatments and improved patient outcomes. Market Dynamics: The market ...
Read more