Global Freestanding Playground Equipment Market 2017-2021
About Freestanding Playground Equipment
Freestanding playground equipment refers to commercial playground equipment that is available at schools, playschools, and parks. Slides, swings, and climbers, are the most common types of freestanding playground equipment. Others such as seesaws, spring riders, and rope courses are also popular. Freestanding playground equipment refers to commercial playground equipment that is available at schools, preschools, and parks. This equipment is only placed temporarily at the location and is not fixed to the ground.
Technavio’s analysts forecast the global freestanding playground equipment market to grow at a CAGR of 3.44% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global freestanding playground equipment market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Freestanding Playground Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global freestanding playground equipment market: Dynamo Industries, GameTime, KOMPAN, Landscape Structures, Miracle Recreation Equipment Company, and Playworld.
Other Prominent Vendors in the market are: BREWER'S LEDGE, Burke, Everlast Climbing, Kidstuff Playsystems, meglio Unionland, Park Supplies, and Play & Park Structures.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising number of working women. The increase in the number of working women across the world has increased product affordability for consumers; more parents are also able to afford to put their kids in preschools. According to the World Bank, in 2016, out of the total labor force in the world, more than 40% were women. Of the total population of women, more than 51% of them were working in 2016.”
According to the report, one driver in market is growing urbanization rate. The global population is shifting from rural to urban and semi-urban areas rapidly. In many developing countries like Brazil, China, and India, rapid urbanization has seen a concurrent increase in demand for child products as people are able to afford better products. One of the key reasons for this is that the rapid urbanization has also led to more number of working women and dual-income households. In 2015, urbanization rates were at 84.9% in the Americas, 77.33% in Europe, 71.25% in APAC, and 79.29% in the Middle East and Africa (MEA). According to the World Bank, India, China, Indonesia, Nigeria, and the US are likely to lead the world’s urban population by 2050. The continuing population growth and urbanization are expected to add 2.5 billion people in urban and semi-urban areas by 2050, with 90% increase from Asia and Africa. This urbanization rate is expected to rise further during the forecast period, which, in turn, would boost the market growth of the global freestanding playground equipment market. In addition, the emergence of new urban areas has generated more employment opportunities. This, in turn, has contributed to the growth of the current market.
Further, the report states that one challenges in market is market fragmentation. The global freestanding playground equipment market is highly competitive due to the presence of a number of local and international players. Local players have a significant contribution in the market with their product offerings targeting the needs of local consumers who look for products priced economically. GameTime and Dynamo Industries, two of the major players in the freestanding playground equipment market, have created significant competition for global giants like Landscape Structures and Playworld. Numerous unorganized players, like small- and mid-sized manufacturers, are also present in this already fragmented market. These players do not contribute to the market growth as they are not registered. China, Brazil, and India have many such unorganized players. The lower price offerings of these players create hurdles for the registered players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-freestanding-playground-equipment-market-2017-2021
Dynamo Industries, GameTime, KOMPAN, Landscape Structures, Miracle Recreation Equipment Company, Playworld, BREWER'S LEDGE, Burke, Everlast Climbing, Kidstuff Playsystems, meglio Unionland, Park Supplies, and Play & Park Structures.