Playground Equipment Market Size, Share, Growth, and Industry Analysis, 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), Regional Insights and Forecast To 2031

Updated On: 08 April 2024

Playground Equipment Market Report Overview

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The global playground equipment market size was USD 5170.1 million in 2021 and is projected to touch USD 10137.35 million by 2031, exhibiting a CAGR of 7.0% during the forecast period.

Playground equipment is any kind of structure that is found in playgrounds on which a person may perform activities such as climbing, swinging, crawling, jumping, stepping, whether over, across, under, through, or upon for enjoyment, exercise, and/or as part of relating to others of any age. Swings, slides, climbing apparatus, and facilities specifically created for skateboarding are examples of this equipment. Playgrounds are an important element in a child's development. Playgrounds now contain educational and theme-based equipment that aids in the development of a child's mental and physical fitness. Furthermore, playground sets and equipment are composed of many materials such as wood, plastic (HDPE), metal (steel), and others.

The playground equipment market is growing significantly owing to urbanization. Increasing per capita income and a rising number of schools are the factors affecting the market. Private and public gardens are being developed, which leads to the playground equipment market growth. A changing lifestyle is shedding light on the toxicity that life throws at us and providing hope through the physical and mental development of children through these park setups, which are becoming more common in every semi-urban area as well.

COVID-19 Impact: Strict Lockdown to Halt the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the playground equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to playground equipment market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has affected the global market very badly. It didn't spare any industry, except a very few. In order to survive the pandemic, every industry worked very hard. When people were locked up inside the walls and didn't get the chance to spend time outside, it almost brought the playground equipment market to a halt. Not only did it not allow new purchases, but it also affected the maintenance of the existing products in the market. No one was going outside and making use of this. The market showed a negative impact.

LATEST TRENDS

"Introduction of Themed Playground to Support Market Development"

Every industry is trying to come up with new trends that attract customers. The cartoon and comic industries are influencing the world very much. People love to be obsessed with the comic world and love to be a part of that. This is the new trend in this industry. Theme-based playgrounds support the need for people to be in the playgrounds. For the time being, the world they saw only on screen becomes their reality in real life, which contributes to the success of theme-based playgrounds.

Playground Equipment Market Segmentation

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• By Type

Based on type; the market is divided into Monkey Bars, Sandbox, Climbing Equipment, Swings and Slides, Balance Equipment, Motion and Spinning, and Others

Motion and Spinning are the leading part of the type segment.

• By Application

Based on application; the market is divided into Commercial Playgrounds, Adult Outdoor Fitness Equipment, Theme Play Systems, and Others

Commercial Playgrounds are the leading part of the application segment.

DRIVING FACTORS

"Urbanization to Accelerate the Market Growth"

The increasing pace of urbanization is significantly driving the growth of the industry. Rapid urbanization is occurring in emerging economies, with the bulk of the population rapidly transferring from rural to urban and semi-urban regions. This has resulted in an increase in the number of working women and dual-income households. As a result, the expanding urbanization rate is predicted to accelerate throughout the forecast period, boosting the global market's growth. A considerable increase in private and public gardens, as well as an increase in the number of schools worldwide, will fuel the global playground sets and equipment market.

"Growing E-commerce Industry to Boost Market Growth"

The e-commerce industry is expanding at such a rapid pace that the entire world now consists of a smart phone or laptop. There is inexpensive playground equipment that can be set up at home. Previously, all of these items could only be found in amusement parks, whether they were public or private. A playground may now be constructed inside a house thanks to e-commerce. When deciding what equipment to purchase, people have a wide range of options. People today want to keep their kids indoors and provide them access to all the amenities in this disease-ridden age. Given how simple it is to distribute goods to clients, the quickly expanding e-commerce sector is one of the major factors driving the market for playground sets and equipment globally at a considerable growth rate throughout the forecast period.

RESTRAINING FACTORS

"Limiting Outdoor Exposure to Kids Impede the Market Growth"

Due to the surge of diseases like COVID-19, parents want to keep their children away from the general population. If the circumstances are poor or nursery inspections are not conducted, the safety of children may be in jeopardy due to outdoor equipment's prolonged exposure to the elements. When children are playing, it seems inevitable that they will bump into one another, which might pose some security risks. These elements are negatively hurting the market.

Playground Equipment Market Regional Insights

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"North America to lead market owing to Urbanization"

The playground equipment market share is the largest in North America. The market is expanding as a result of the increased urban population. People's lives are changing, especially in developing countries where they are moving to urban or semi-urban areas. Apart from comfort, people are going behind the luxury of enjoyment. More than that, the public is aware of the need for physical activity in children's development and limits their screen time. This region is one of those that have been exposed to these lifestyle changes that have made them the leaders in the industry.

KEY INDUSTRY PLAYERS

"Market Participants to Drive Market Growth"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing manufacturing facilities are used to gather and report the information. The organizations that produce and introduce new goods, the areas where they operate, automation, technology adoption, producing the greatest income, and making a difference with their products are some of the other factors that are looked at in this industry.

List of Market Players Profiled

• PlayCore (U.S.)
• Kompan, Inc. (Australia)
• ELI (Sweden)
• Henderson (U.K.)
• Kaiqi (China)
• Qitele (China)
• Forpark Australia (Australia)
• Mich Playground Equipment (China)
• Childforms  (U.S.)
• Tsumura Company (Japan)
• SportsPlay  (U.S.)
• ABC-Team  (U.S.)
• E.Beckmann (Germany)               

REPORT COVERAGE

This study provides an overview of a report that includes in depth analyses that describe the companies in the market that have an impact on the forecasted period. By examining aspects including segmentation, opportunities, industry advancements, trends, growth, size, share, restrictions, and others, it provides a thorough analysis based on in depth research. If the major players or the anticipated analysis of market dynamics change, this analysis need to be adjusted.