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.
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.
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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.
Playground Sets and Equipment Market Report Highlights
Polaris Market Research has segmented the playground sets and equipment market report based on component type, application type, sales channel type, and region:
Playground Sets and Equipment, Component Type Outlook (Revenue - USD Billion, 2023 - 2032)
Playground Sets and Equipment, Application Type Outlook (Revenue - USD Billion, 2023 - 2032)
Playground Sets and Equipment, Sales Channel Type Outlook (Revenue - USD Billion, 2023 - 2032)
Playground Sets and Equipment, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 6.55 billion |
Revenue Forecast in 2032 |
USD 11.12 billion |
CAGR |
6.8% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
|
Regional scope |
|
Competitive Landscape |
|
Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |