Playground Equipment Market Scope
Playground equipment are the equipment intended for use in the play areas of parks, childcare facilities, schools, institutions, restaurants, multiple family dwellings, resorts, and recreational developments, as well as other areas of public use. Widely used playground equipment includes monkey bars, sandbox, climbing equipment, swings and slides, balance equipment, and motion and spinning, among others. Children require a safe & inspiring playground, whether in their own yard, in a public park or on the grounds of a hotel. Apart from being fun, playing in playgrounds benefits learning, improves children’s concentration, increases their social skills as well as boosts their creativity in a safe environment. These all equipment will strengthen children emotionally & develop courage as well as team spirit among them. One of the key trend includes increasing inclination of parents towards playground time, owing to reduce the screentime such as TV, mobile, as well as laptop. Along with this, the improved standards of living is likely to impel the growth of the global playground equipment market during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | PlayCore, Inc. (United States), Landscape Structures Inc. (United States), Kompan, Inc (United States), PlayPower, Inc. (United States), ELI Play (The Netherlands), Henderson Recreation Equipment (Canada), e. Beckmann e.K. (Germany), SportsPlay Equipment, Inc. (United States) and Childforms (United States) |
CAGR | 8.5% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Playground Equipment market throughout the predicted period.
PlayCore, Inc. (United States), Landscape Structures Inc. (United States), Kompan, Inc (United States), PlayPower, Inc. (United States), ELI Play (The Netherlands), Henderson Recreation Equipment (Canada), e. Beckmann e.K. (Germany), SportsPlay Equipment, Inc. (United States) and Childforms (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kaiqi Group Company Ltd. (China), ABC-TEAM Spielplatzgeräte GmbH (Germany), Dynamo Industries Inc. (Canada) and LAPPSET GROUP LTD (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Playground Equipment market by Type , by Application (Commercial Playgrounds, Adult Outdoor Fitness Equipment, Theme Play Systems and Others) and Region with country level break-up.
On the basis of geography, the market of Playground Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Influencing Trend:
Increasing inclination of parents towards playground time as to reduce screentime
Market Growth Drivers:
Improved standards of living and Increasing willingness to spend on leisure activities
Challenges:
Concerns related to playground injury, a leading cause of hospitalization to children
Restraints:
High cost of playground equipment
Opportunities:
Emerging economies and Increasing children population in developing countries
Key Target Audience
Playground Equipment Manufacturers, Raw Material Suppliers, Distributors, traders, End Users, Associations and Industry Bodies, Government & Regulatory Bodies and Others