July 23, 2024

Rising demand for all-weather playground turf projected to boost the growth of Playground Hybrid Turf Market

The Global 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 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Playground hybrid turf is an artificial turf made up of synthetic fibers infused with a drainage system that allows for safe outdoor activities throughout the year regardless of weather conditions. It provides a shock-absorbing surface and mimics the appearance and feel of natural grass. Playground hybrid turf has both aesthetic and functional advantages over traditional grass fields as it requires minimal maintenance, retains its integrity over time with heavy foot traffic, and allows for year-round use. The growing demand for all-weather surfaces that enable physical activity in schools and public parks is driving the adoption of playground hybrid turf.

Market key trends:
One of the key trends in the playground hybrid turf market is the increasing popularity of infill materials like rubber and sand. While traditional infill used crumb rubber made from recycled tires, newer products use alternative infill mixtures that provide cushioning underfoot without employing harmful materials. Another trend gaining ground is the development of hybrid turf systems designed specifically for multi-sport use to maximize utilization and return on investment for customers. Advances in synthetic turf technology have also improved drainage capability and mimicking of natural grass which is further fueling the replacement of traditional grass fields with all-weather hybrid turf variants.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as substantial investment is required to set up manufacturing plants and R&D facilities. However, the growing market size offers opportunities to new players.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of alternatives in the market. Buyers can negotiate on price and quality leading to pricing pressures.

Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the presence of multiple raw material suppliers. However, suppliers of specialized raw materials have some bargaining power.

Threat of new substitutes: The threat of substitutes is low as there are no close substitutes for hybrid turf. However, natural grass remains a potential threat.

Competitive rivalry: The competitive rivalry in the market is high due to many established players competing for market share.

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 demand for artificial grass from sports complexes and playgrounds. The ability of hybrid turf to withstand heavy foot traffic and rough play makes it suitable for playgrounds.

Regional analysis: North America dominates the global playground hybrid turf market currently. The U.S. holds majority of the market share in the region. However, Asia Pacific is expected to witness the fastest growth during the forecast period due to rising infrastructure development and increasing affluence. Governments in India and China are promoting sports at grassroot levels driving installations of hybrid turf in schools and parks.

Key players: Key players operating in the Playground Hybrid Turf Market are Shaw Sports Turf, Ten Cate, Hellas Construction, FieldTurf, SportGroup Holding, ACT Global Sports, Controlled Products, Sprinturf, CoCreation Grass, and Domo Sports Grass. These companies are focusing on new product development and expansion in growing markets to gain competitive advantage.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it