The analysis is based mainly on information given by State Statistical Bureau, State General Administration of Customs, Ministry of Commerce, industry associations, and professional magazines from home and abroad, combined with the supply and demand trend in the artificial grass, and manufactures’ status.
The overall output of artificial grass reaches 200 million square meters in the world amounting to RMB 15 billion yuan. The market room in US is about 10 - 15 million square meters one year, while 10 - 15 million square meters in Europe and 3 million square meters in Australia, not including huge market in Japan and middle east.
It would be a booming stage with annual growth rate of 15% globally in the coming 5 years.
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