What is Playground Equipment Market?
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 childrenís 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.
The market study is being classified by Type (Monkey Bars, Sandbox, Climbing Equipment, Swings and Slides, Balance Equipment, Motion and Spinning and Others), by Application (Commercial Playgrounds, Adult Outdoor Fitness Equipment, Theme Play Systems and Others) and major geographies with country level break-up. According to AMA, the Global Playground Equipment market is expected to see growth rate of 8.5%
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 profiled in the study. Additionally, the Vendors which are also part of the research are Kaiqi Group Company Ltd. (China), ABC-TEAM Spielplatzgeršte GmbH (Germany), Dynamo Industries Inc. (Canada) and LAPPSET GROUP LTD (Finland). Research Analyst at AMA predicts that Chinese, German, and United States Vendors will contribute to the maximum growth of Global Playground Equipment market throughout the predicted period.
Segment AnalysisAnalyst at AMA have segmented the market study of Global Playground Equipment market by Type, Application and Region.
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 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Improved standards of living
- Increasing willingness to spend on leisure activities
- Increasing inclination of parents towards playground time as to reduce screentime
- High cost of playground equipment
- Emerging economies
- Increasing children population in developing countries
- Concerns related to playground injury, a leading cause of hospitalization to children
Key Target AudiencePlayground Equipment Manufacturers, Raw Material Suppliers, Distributors, traders, End Users, Associations and Industry Bodies, Government & Regulatory Bodies and Others