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 refers to artificial turf surface made up of synthetic fibers for playgrounds. It provides various advantages like durability, consistency, year-round playability as compared to natural grass. It requires less maintenance and withstands heavy foot traffic.
Market key trends:
One of the key trends in the playground hybrid turf market is the increasing demand for environmental-friendly turf surfaces. Various turf manufacturers are focusing on developing hybrid turf with bio-based infill materials and renewable raw materials to reduce the carbon footprint. For instance, Hellas Construction offers EcoGuard hybrid turf with recycled tire crumb infill which provides cushioning underfoot and helps drainage. It is a sustainable option for athletic fields and playgrounds.
Segment Analysis:
One of the key trends in the playground hybrid turf market is the rising popularity of synthetic turf over natural grass. Playground hybrid turf provides a number of benefits over natural grass such as it requires lesser maintenance, remains playable under all weather conditions, has longer lifespan, and causes fewer injuries. Moreover, hybrid turf surfaces allow multipurpose use for sports activities, events, and other recreational activities. This has significantly boosted the demand for playground hybrid turf from schools, parks, sports complexes, and other public recreational areas.
SWOT Analysis
Strength: Playground hybrid turf offers durability and requires minimal maintenance. It remains playable under heavy use and all weather conditions unlike natural grass.
Weakness: Initial installation cost of playground hybrid turf is higher than natural grass.
Opportunity: Increasing participation in sports and outdoor recreational activities is driving the demand for improved playground surfaces. Moreover, rapid urbanization is creating opportunities for installation of new playgrounds equipped with hybrid turf.
Threats: Volatility in raw material prices such as rubber and sand can increase the overall costs. Additionally, some people argue that hybrid turf may not be eco-friendly and can cause other health issues if not maintained properly.
Key Takeaways
The Global Playground Hybrid Turf Market size was valued at US$ 6145.68 Mn in 2023. It is expected to grow at a strong CAGR of 6.8% during the forecast period of 2023 to 2030.
The market is gaining traction with increasing construction of sports fields, stadiums, and playgrounds. Rapid urbanization coupled with rising outdoor recreational activities has boosted the demand for durable and high-performance playground surfaces.
Regionally, North America dominated the global market in 2023 with over 30% market share. This is attributed to growing sports culture and availability of funding for public parks and playgrounds development projects in the region. Meanwhile, Asia Pacific is expected to witness the fastest growth during the forecast period with countries like China, India, and Japan emerging as lucrative markets.
Key players operating in the playground hybrid turf market include Shaw Sports Turf, Ten Cate, Hellas Construction, FieldTurf, SportGroup Holding, ACT Global Sports, Controlled Products, Sprinturf, CoCreation Grass, and Domo Sports Grass. These companies have strong geographical presence and offer diversified product portfolio for different applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
