Global Playground Equipment Market by Product Types, Applications, and Regions-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The Global Playground Equipment market was valued at USD 4.1 billion in 2019, and now it is projected to reach USD 7.99 billion by 2026, growing at a CAGR of 10%, during the forecast period, 2020–2026. Development of social economy and improvement of living standard are majorly the two reasons driving the growth of the market.
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A playground, play park, or play area is a place specially made to enable children to play there. It is typically outdoors. While a playground is usually designed for children, some target other age groups or people with disabilities. A playground might exclude children below a certain age.
Modern playgrounds often have recreational equipment such as the seesaw, merry-go round, swingset, slide, jungle-gym, chin-up bars, sandbox, spring rider, trapeze rings, playhouses, and mazes, many of which support children in developing physical coordination, strength, and flexibility, as well as offering recreation and enjoyment and supporting social and emotional development. Common in modern playgrounds are play structures that connect many different pieces of equipment.
Public playground equipment integrated in the play areas of parks, schools, childcare facilities, institutions, multiple family dwellings, restaurants, resorts, and recreational developments, and other areas of public use.
Market Trends, Drivers, Restraints, and Opportunities:
- Development of social economy and improvement of living standard are majorly the two reasons driving the growth of the market.
- The constantly increasing demand of playground equipment is another reason projected to drive the market growth, during the forecast period.
- Government initiatives to install public parks and recreational areas in developing countries are expected to boost the market growth in the coming years.
- However, the rising cost of raw materials is expected to restrain the market growth.
- Conclusively, the global playground equipment market industry has an expected future; the market is anticipated to grow over time. So in the next few years, playground equipment production is expected show a trend of steady growth.
Competitive Landscape:
Key players include PlayCore, Landscape Structures, Kompan Inc., Playpower, ELI, Henderson, E.Beckmann, SportsPlay, Childforms, Kaiqi, ABC-Team, and DYNAMO.
With increasing demand for playground equipment, players are experimenting with several strategies to achieve competitive edge and bolster their foothold in the market. Many companies operating in the industry are looking at widening their footprint across emerging nations to capitalize on the prevailing opportunities there.
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The Global Playground Equipment Market has been segmented on the basis of:
Product Types
- Monkey Bars
- Sandbox
- Climbing Equipment
- Swings and Slides
- Balance Equipment
- Motion and Spinning
- Others
Applications
- Commercial Playgrounds
- Adult Outdoor Fitness Equipment
- Theme Play Systems
- Others
Regions
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Playground Equipment market Overview
- Global Playground Equipment market Analysis and Forecast by Type
- Global Playground Equipment market Analysis and Forecast by Application
- Global Playground Equipment market Analysis and Forecast by Sales Channel
- Global Playground Equipment market Analysis and Forecast by Region
- North America Playground Equipment market Analysis and Forecast
- Latin America Playground Equipment market Analysis and Forecast
- Europe Playground Equipment market Analysis and Forecast
- Asia Pacific Playground Equipment market Analysis and Forecast
- Middle East & Africa Playground Equipment market Analysis and Forecast
- Competition Landscape
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