A new report by ResearchAndMarkets.com suggests global artificial turf industry is entering a boom period.
The report, entitled Artificial Turf Market Opportunities and Strategies to 2034, covers historic data from 2019–2024 and forecasts through 2029 and 2034. In 2024, the global market reached approximately $3.92 billion, growing at a CAGR of 5.70% since 2019.
It is expected to expand to $5.28 billion by 2029 at a CAGR of 6.14%, and further to $6.66 billion by 2034, growing at a CAGR of 4.76%.
ABOVE: market forecast for artificial turf from 2024 to 2034
Key drivers of past growth include economic expansion in emerging markets, increased sports participation, and growth in commercial and residential construction. High installation costs posed a challenge during the historic period.
The market remains moderately concentrated. In 2023, the top ten companies accounted for 32.07% of market share. Tarkett Group led with 6.41%, followed by Dow Chemical (5.75%) and Victoria PLC (5.58%).
Asia-Pacific dominated the market in 2024 with a 30.41% share ($1.19 billion). It is also expected to be the fastest-growing region through 2029, alongside South America.
By material, polyethylene leads the market and is expected to grow the fastest. Flooring dominates by installation type, while sports applications make up the largest usage segment. However, commercial applications are projected to grow most rapidly.
Key trends include innovations in multi-sport turf systems, premium and sustainable turf technologies, non-infill football pitches, and color-shifting turf for seasonal realism.
To capitalize on these trends, companies are advised to focus on product innovation, expand in emerging markets, and strengthen their presence in both sports and commercial segments.
