PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463016
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463016
The global playground sets and equipment market size is expected to reach USD 11.12 billion by 2032, according to a new study by Polaris Market Research. The report "Playground Sets and Equipment Market Share, Size, Trends, Industry Analysis Report, By Component Type; By Application Type; By Sales Channel Type; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising number of play schools worldwide equipped with play sets and equipment and growing awareness among both parents and teachers about the necessity and importance of physical activity for children's overall development or health are driving the market's growth. As people are increasingly participating in recreational and leisure activities, the demand for playgrounds with equipment that provide options for intensive physical activities is also increasing drastically.
For instance, according to the Outdoor Industry Association, the number of outdoor participants increased by 2.3 percent in 2022, with record participants of 168.1 million or 55% of the total population of the United States.
Furthermore, the growing proliferation of interactive playground equipment presents lucrative opportunities for combining exercise with video gaming. Interactive playground equipment enhances the play experience by engaging children in various activities, including physical movement, creativity, and problem-solving. It further increases the amount of people who can enjoy and play at parks, resulting in significant growth potential for the market.
With the growing environmental concerns and increasing focus on sustainable playground equipment that is made from recycled materials, eco-friendly components, and renewable sources, manufacturers of playground equipment are prioritizing sustainability and developing greener solutions to gain a competitive edge in the market. For instance, In January 2024, Playdale Playgrounds Limited introduced its latest line of modular timber products, crafted from sustainably sourced materials. The range features slow-grown laminated timber poles, providing a recyclable and environmentally conscious option for playground endeavors.
Swing sets segment accounted for a notable share, which is attributed to the significant installation of swing sets in the majority of playgrounds worldwide
Commercial playgrounds segment led the market on account of rising infrastructure development activities that promote the development of commercial playgrounds
The online channels segment will grow at the highest pace due to the rising penetration of internet facilities and the numerous benefits offered by these channels
North America dominated the global market, owing to a significant increase in demand from play schools and commercial playgrounds due to rising emphasis on fitness
The key market players include Mich Playground Equipment, Qitele, Tsumura Company, Kompan, Henderson, Childforms, ABC-Team, and ELI
Polaris Market Research has segmented the playground sets and equipment market report based on component type, application type, sales channel type, and region: