Product Code: ETC014564 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Artificial Grass market currently, in 2023, has witnessed an HHI of 9065, Which has decreased slightly as compared to the HHI of 9528 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India Artificial Grass Market is projected to witness a CAGR of 6.5% during the forecast period (2020-2026). The increasing preference for artificial grass from sports fields and lawns, rising number of golf courses, rapid urbanization, and rising disposable income are driving the growth of the market in India. However, high installation cost associated with artificial grass may hamper the market growth during the forecast period.
1) Increasing Preference for Artificial Grass from Sports Fields and Lawns: There has been an increase in demand for artificial grass over natural turf due to its low maintenance requirements such as no need of fertilizers or weedicides. Moreover, it provides a greater playing experience than natural turf by providing consistent performance throughout all seasons making it ideal for sports fields as well as gardens & lawns. This factor is expected to bolster the overall market growth during the forecast period.
2) Rising Number Of Golf Courses: Due to increased leisure time among individuals owing to growing disposable incomes along with growing awareness about fitness regimes have led citizens towards spending more on recreational activities like golfing which require specific surfaces like synthetic turfs that can sustain wear & tear caused by frequent usage leading to higher demand for them in coming years thus propelling overall market growth .
3) Rapid Urbanization : With rapid urbanization taking place , there`s been an exponential rise in construction activities which has further boosted application scope of artificial grass in roadsides , parks , playgrounds etc thereby contributing majorly towards overall market size.
High Installation Cost Associated With Artificial Grass May Hamper Market Growth During Forecast Period : As compared with natural turf , installation costs associated with artifical graes are quite high since these require specialised equipments & skilled workforce resulting into decreased adoption among budget conscious customers thus posing challenge infront of indian articial grass makers .
Growing Demand For Polyethylene Fibers : Owing To their superior durability polyethylene fibers based turfs have gained significant popularity across varied applications such as landscaping , play grounds etc wherein they provide better cushioning effect than other materials while also being highly resistant against UV rays leading into surge in their respective demand globally including regionally helping segment grow at substantial pace over next few years .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Artificial Grass Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Artificial Grass Market Revenues & Volume, 2020 & 2030F |
3.3 India Artificial Grass Market - Industry Life Cycle |
3.4 India Artificial Grass Market - Porter's Five Forces |
3.5 India Artificial Grass Market Revenues & Volume Share, By Installation, 2020 & 2030F |
3.6 India Artificial Grass Market Revenues & Volume Share, By Fiber Base Material, 2020 & 2030F |
3.7 India Artificial Grass Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.8 India Artificial Grass Market Revenues & Volume Share, By Infill Material, 2020 & 2030F |
4 India Artificial Grass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Artificial Grass Market Trends |
6 India Artificial Grass Market, By Types |
6.1 India Artificial Grass Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 India Artificial Grass Market Revenues & Volume, By Installation, 2020-2030F |
6.1.3 India Artificial Grass Market Revenues & Volume, By Flooring, 2020-2030F |
6.1.4 India Artificial Grass Market Revenues & Volume, By Wall Clading, 2020-2030F |
6.2 India Artificial Grass Market, By Fiber Base Material |
6.2.1 Overview and Analysis |
6.2.2 India Artificial Grass Market Revenues & Volume, By Polyethylene, 2020-2030F |
6.2.3 India Artificial Grass Market Revenues & Volume, By Polypropylene, 2020-2030F |
6.2.4 India Artificial Grass Market Revenues & Volume, By Nylon, 2020-2030F |
6.3 India Artificial Grass Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 India Artificial Grass Market Revenues & Volume, By Contact Sports, 2020-2030F |
6.3.3 India Artificial Grass Market Revenues & Volume, By Non-contact Sports, 2020-2030F |
6.3.4 India Artificial Grass Market Revenues & Volume, By Leisure, 2020-2030F |
6.3.5 India Artificial Grass Market Revenues & Volume, By Landscaping, 2020-2030F |
6.4 India Artificial Grass Market, By Infill Material |
6.4.1 Overview and Analysis |
6.4.2 India Artificial Grass Market Revenues & Volume, By Petroleum-based infills, 2020-2030F |
6.4.3 India Artificial Grass Market Revenues & Volume, By Sand infill, 2020-2030F |
6.4.4 India Artificial Grass Market Revenues & Volume, By Plant-based infills, 2020-2030F |
7 India Artificial Grass Market Import-Export Trade Statistics |
7.1 India Artificial Grass Market Export to Major Countries |
7.2 India Artificial Grass Market Imports from Major Countries |
8 India Artificial Grass Market Key Performance Indicators |
9 India Artificial Grass Market - Opportunity Assessment |
9.1 India Artificial Grass Market Opportunity Assessment, By Installation, 2020 & 2030F |
9.2 India Artificial Grass Market Opportunity Assessment, By Fiber Base Material, 2020 & 2030F |
9.3 India Artificial Grass Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.4 India Artificial Grass Market Opportunity Assessment, By Infill Material, 2020 & 2030F |
10 India Artificial Grass Market - Competitive Landscape |
10.1 India Artificial Grass Market Revenue Share, By Companies, 2023 |
10.2 India Artificial Grass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |