Freestanding Playground Equipment Market Size Is Set To Grow By USD 2.17 Billion From 2024-2028, Growing Urbanization Rate Boost The Market, Technavio


(MENAFN- PR Newswire) NEW YORK, July 10, 2024 /PRNewswire/ -- The global freestanding playground equipment market is estimated to grow by USD 2.17 billion from 2024-2028, at a
CAGR of 3.88%, driven by growing urbanization and an increase in preschools. However, the adoption of online games poses a challenge. Key players include BCI Burke Co., KOMPAN AS, and Playpower Inc. Unlike traditional playground equipment, freestanding equipment focuses on standalone structures that do not require complex installation, catering to urban areas with limited space and promoting easy maintenance and relocation.

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Freestanding Playground Equipment Market Size Is Set To Grow By USD 2.17 Billion From 2024-2028, Growing Urbanization Rate Boost The Market, Technavio Image

Technavio has announced its latest market research report titled Global freestanding playground equipment market 2024-2028

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Freestanding Playground Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.88%

Market growth 2024-2028

USD 2175.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.68

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 34%

Key countries

US, Germany, UK, China, and Japan

Key companies profiled

BCI Burke Co., BuildIndia, Childforms, Dynamo Industries Inc., E. Beckmann e.K., European Leisure Industries BV, FUN PLAY SYSTEMS Pvt. Ltd., Funriders, HENDERSON RECREATION EQUIPMENT Ltd., Kaiqi Group Co. Ltd., Kidstuff Playsystems, KOMPAN AS, Landscape Structures Inc., PlayCore Inc., Playmart Inc., Playpower Inc., Pro Playgrounds, Sportsplay Equipment Inc., Treadwall Fitness, and VINEX Enterprises Pvt. Ltd.

Market Driver

Preschools and kindergartens have experienced significant growth in recent years due to the increasing recognition of their role in children's development during their formative years. Working parents, who may not have the time to teach their children at home, rely on these institutions to provide a nurturing environment for their cognitive and physical growth. Freestanding playground equipment is a crucial component of these facilities, as they offer opportunities for children to learn through play. These schools promote socialization and the acceptance of diversity among children. The learning-through-play strategy is effective in enhancing a child's intelligence quotient and instilling good habits. Preschools also focus on teaching basic etiquette, moral values, and sharing skills. Additionally, they offer activities that help children recognize animals, fruits, and learn rhymes, preparing them for nursery school. The demand for high-quality preschools has led to their proliferation in both developed and developing countries. This trend is driving the global freestanding playground equipment market, as most preschools feature designated play areas for children. The market is expected to grow steadily during the forecast period, as the number of preschools continues to increase.

The Freestanding Playground Equipment market is thriving, with popular items including Climbing Equipments, Slides, Swings, and Play structures. Schools, Communities, and Daycare centers are major buyers, while Parks and Recreational areas also show significant growth. Climbers, Balance beams, Spinners, Interactive panels, and other equipment cater to Children and Toddlers. Materials range from Metal, Plastic, and Wood. Safety regulations are crucial, focusing on surface contact and inclusive playground equipment. Trends include Physical activity, Outdoor play, and addressing Sedentary lifestyles and Childhood obesity. Parents, Educators, Urban planners, and Caregivers seek affordable, high-quality products from Educational institutions, Playschools, and Commercial playground equipment providers. Safety standards are paramount, ensuring enjoyment for all, including Seesaws, Spring riders, Rope courses, and more. Stainless steel and other durable materials are preferred for long-lasting equipment. Working women and affordable product prices are key considerations.

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Market
Challenges

  • The global freestanding playground equipment market faces significant challenges due to the increasing popularity of electronic games. With the rise of computer and online games, traditional outdoor equipment is losing favor among children. The convenience and accessibility of digital games, available on desktops, consoles, and mobile phones, have led to a decrease in demand for freestanding playground equipment. Additionally, the launch of innovative games for kids and adults by competitors, such as Microsoft and Xbox, poses a direct threat to the market. The growing market for digital games targeted at children and the low consumer loyalty towards traditional outdoor equipment further exacerbate the situation. These factors are expected to limit the growth of the global freestanding playground equipment market during the forecast period.
  • The Freestanding Playground Equipment market caters to the demand for children's play equipment in public spaces. Wooden structures remain popular, especially for toddlers. However, safety concerns and surface contact issues have led to a shift towards inclusive playground equipment. Climbing structures, rope courses, and swing sets like seesaws and spring riders continue to be favorites. With sedentary lifestyles on the rise, there's a growing focus on physical activity through outdoor play. Challenges include safety regulations, child development, and community well-being. Dual-income households and working women prioritize affordability. Brands like Dynamo Industries, Kidstuff Playsystems, Park Supplies, and Play & Park Structures offer a range of commercial-grade

, stainless steel equipment for schools,
playschools, and caregivers. Safety standards are paramount, ensuring a fun and secure experience for children.

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Segment Overview

This freestanding playground equipment market report extensively covers market segmentation by

  • Application
    • 1.1 Parks and amusement parks
    • 1.2 Communities
    • 1.3 Schools
    • 1.4 Others
  • Product
    • 2.1 Slides
    • 2.2 Swings
    • 2.3 Climbers
    • 2.4 Others
  • Geography
    • 3.1 North America
    • 3.2 Europe
    • 3.3 APAC
    • 3.4 South America
    • 3.5 Middle East and Africa

    1.1 Parks and amusement parks- The global freestanding playground equipment market is experiencing significant growth, particularly in the parks and amusement parks segment. Two primary factors are driving this expansion. Firstly, the tourism industry's revenue growth contributes to infrastructure development in amusement parks, as international tourist spending increases. Secondly, the Baby Boomer generation's desire for unique experiences and participation in adventure activities has led to a rise in visitors to amusement parks. This demographic trend is boosting demand for slides, swings, giant rides, seesaws, spinners, and spring riders. As a result, the parks and amusement parks segment's growth is anticipated to fuel the overall market expansion during the forecast period.

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    Research Analysis

    The Freestanding Playground Equipment Market encompasses a variety of products designed for children's outdoor recreation. These include Climbing Equipments, Slides, Swings, and various Play Structures made of Metal, Plastic, or Wood. Schools, Parks, Daycare Centers, Recreational Areas, Playschools, and Preschools are common places where these equipments are installed. Climbers, Balance Beams, Spinners, Interactive Panels, Seesaws, Spring Riders, Rope Courses, and Swings are popular freestanding playground equipment types. Parents, working women, and dual-income households prioritize product affordability when purchasing these Child Products. Commercial playground equipment is also available in Stainless Steel for increased durability. Climbing frames, Slides, and Swings are favorite choices among children, while Interactive Panels and Spinners stimulate their cognitive abilities.

    Market Research Overview

    The Freestanding Playground Equipment Market encompasses a variety of outdoor play equipment for children, including Climbing Equipments, Slides, Swings, and Play structures. These products cater to schools, communities, parks, daycare centers, recreational areas, and public spaces. Climbers, Balance beams, Spinners, Interactive panels, and other equipment promote physical activity and child development, addressing concerns of sedentary lifestyles and childhood obesity. Materials like Metal, Plastic, and Wood are used to create these products, catering to children of all ages, from toddlers to school-going children. Safety regulations and standards are paramount, ensuring caregivers, educators, urban planners, and parents can trust the equipment. Inclusive playground equipment, such as climbers and spinners, promote community well-being and cater to children with diverse needs. Commercial playground equipment includes Seesaws, Spring riders, Rope courses, and more. Dynamo Industries, Kidstuff Playsystems, Park Supplies, and Play & Park Structures are notable players in this market, offering affordable, high-quality child products for dual-income households.

    Table of Contents:

    1 Executive Summary
    2 Market Landscape
    3 Market Sizing
    4 Historic Market Size
    5 Five Forces Analysis
    6 Market Segmentation

    • Application
      • Parks And Amusement Parks
      • Communities
      • Schools
      • Others
    • Product
      • Slides
      • Swings
      • Climbers
      • Others
    • Geography
      • North America
      • Europe
      • APAC
      • South America
      • Middle East And Africa

    7 Customer Landscape
    8 Geographic Landscape
    9 Drivers, Challenges, and Trends
    10 Company Landscape
    11 Company Analysis
    12 Appendix

    About Technavio

    Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

    With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email:
    [email protected]
    Website:

    SOURCE Technavio

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