GCC Artificial Turf Market
GCC Artificial Turf Market Size Set Growing at Steady CAGR of 6% Touching USD 179 Million by 2029
Published | 14 September 2023
GCC artificial turf market is gaining traction because of the growing demand for the product in sports sector and commercial and residential use.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC artificial turf market size at USD 119.3 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC artificial turf market size to grow at a CAGR of 6% reaching a value of USD 178.8 million by 2029. Expanding construction projects and an increase in the number of commercial and residential areas, such as sports arenas, hotels, and airports, are significant growth factors for the GCC artificial turf market. As a result, there is a significant need for managed and affordable flooring options, which directly affects the market for artificial turf in the GCC nations.
GCC Artificial Turf Market – Overview
Artificial turf is a large-scale synthetic grass-like strand. The fibers are often attached to a backing material composed of nylon, polypropylene, or polyethylene. Sports stadiums, private lawns, and commercial spaces where grass was once used now deploy artificial turf as it can be maintained easily without watering or pruning. Artificial grass is often constructed of PE or PP material, both of which are waterproof and capable of withstanding prolonged submersion without suffering harm.
GCC Artificial Turf Market
GCC Artificial Turf Market – By End User
Based on end user, the GCC artificial turf market is segmented into residential, commercial, and sports. The sports segment holds the largest share of the market, as artificial grass is prominently used in sports pitches because of its durability. This is due to the fact that it is a time and cost-efficient, durable, low-maintenance option that facilities can be used all year round. Additionally, it functions well as a high-performance surface for various activities. Following sports, the commercial segment also covers a substantial market share owing to the high use of artificial turf in commercial spaces, including hotels and offices.
Impact of COVID-19 on GCC Artificial Turf Market
The COVID-19 pandemic halted the growth of the GCC artificial turf market. The imposition of lockdown in GCC countries, including Oman, Saudi Arabia, and the UAE, led to complete restrictions on construction activities to prevent the spread of the virus, directly impeding the demand for the artificial turfs. The decline in the need for sports complexes and commercial spaces post-COVID-19 pandemic due to shift to remote working culture also negatively impacted the market growth. Furthermore, the shortage of labor during the pandemic period limited market growth, as the installation of artificial turf is a labor-intensive activity.
Major players operating in the GCC artificial turf market include TigerTurf, Desso Sports Systems, Royal Grass, FieldTurf, Polytan, Act Global, CCGrass, SIS Pitches, SportsTech Artificial Grass, GreenFields, and Nurteks Hali.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the GCC Artificial Turf Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the GCC Artificial Turf Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- GCC Artificial Turf Market, By Material (Polyethylene, Polypropylene, Nylon, Others), By End User (Residential, Commercial, Sports); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: September 2023
Growing demand for the artificial turf in the sports sector and its increasing use in commercial and residential sectors are expected to boost the growth of GCC artificial turf market during the forecast period between 2023 and 2029.
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