The playground equipment industry has been one of the fastest-growing industries globally. It has shown steady growth in different factors until the coronavirus outbreak jolted the world in late 2019. The playground equipment market was valued at 4180 million USD in 2018 and is projected to spike up to 8830 million USD by 2025. Although the playground market is expected to grow aggressively, it will face challenges that include a lack of standardization across companies and products. There are some reasons for constant pressure from government bodies on high safety standards and the increased cost of raw materials. It is not only grown in popularity, but it has also gone through significant technological advancements. No wonder the playground equipment industry has become a multimillion-dollar industry full of fun and excitement! The playground equipment industry has gone through critical changes in the past decade to become one of today's most sought-after industries.
Playgrounds are something that has been around for a long time. During the 18th century, British philosopher John Locke suggested that children needed to play to develop their minds. He also stated that children needed to explore in a safe environment. Today, playgrounds are more than just fun wood chips and monkey bars. Many playgrounds have different obstacles that help children learn and play. It's also essential to have a playground when designing a new park or facility. The industry is expected to keep growing as the population of children is growing.
If you are a playground equipment industry professional (manufacturers, dealers, or any other service providers), you probably already know by now that Covid bought Playworld, which was an American playground equipment industry leader. You may have already read the news and seen the media coverage. However, what you might not know is that Covid is a company that buys companies in other industries, as well. That means that they are not just interested in playground equipment, but they are interested in you. If you are interested in the playground equipment industry statistics after Covid, this blog is for you!
Commercial playground equipment manufacturing needs high-strength steel and stubborn surfaces (permanent latérale coating) to stand in the market. The main advantage of bulk products is that they are cheap and waste a tremendous amount of material, especially when manufacturing smooth tires, sound barriers, etc. A company like MeetAllSports can provide manufacturers with all these raw materials. This is an advantage for companies with trouble procuring their supplies due to fitting with the ISO standards on eco-friendly playground equipment designs. There are still no standards used for playground equipment designs or requirements in the U.S. Many companies have manufactured playground equipment based on different international type norms. Still, each of them has a variation concerning strength and size specifications.
According to the Playground Equipment Industry Association, the playground equipment industry is annually a $12+ billion industry. According to a Business Insider article, the playground equipment industry will grow to $14 billion by 2017. The playground industry's growth is outpacing other industries such as the fitness equipment industry, and its growth by $2 billion. According to the World Bank, the playground industry is expected to keep growing as the population of children is growing, which is projected to increase by 32.6% between 2015 and 2030. The playground industry was expected to grow by $1 billion by 2020, with a compound annual growth rate of 5%.
Fitness equipment and recreation activities for outdoor fitness benefits have led to the growth of the whole industry in recent years.
There are several reasons for the popularity of playgrounds. They can spark the imagination, invoke adventure, and encourage physical activity and creativity. Parents don't mind when their kids spend hours in the park because most of the equipment is designed without splinters dents and is made of all-weather materials. Let your kids have fun with their friends. You can sit back, relax, and think about the good old days when you were a little kid yourself!
The safety of children is a top priority for most parents. While today's society has a lot to offer in terms of entertainment and fun, it can be hard to find anything that can replace nature and the outdoors! Many children are becoming accustomed to technology at a young age, negatively affecting their development. This is why it is essential to create an outdoor play area to enjoy!
New age playgrounds are the cutting edge of playground design and construction. They are custom-made for each park and playground and are made with high-quality equipment that allows children of all ages to play on them. They include special wooden and metal equipment that can withstand anything, including earthquakes and tornadoes. They have a lifetime guarantee and are built to last. The material used is where MeetAllSports steps in and helps the creators craft their exceptional masterpiece created to last!
The playground industry is rapidly changing from years prior. This is because of more research on the effects of injury and death on children. With injuries and deaths going up, more playground regulations are being enforced. Another reason why it is changing is because of new technology. Innovations in the materials that make up playground equipment, new ways to allow children to have fun, and new ways to continue to keep children safe.
The playground industry is something that is on the rise. More and more playgrounds are popping up all over the place. The industry is expected to increase 10% this year alone. One of the reasons the demand for greens is so high is the increasing population of children being born. Everyone wants to make sure their children are happy! And since children love gardens, business owners want to provide a safe one for them. It's also a major draw for families. Families that want to spend a day outside want to make sure their children are having a blast. It's a win-win situation!
Every year, the playground industry looks to improve on old designs. Most of the changes made are for the safety of children and to prevent injuries. However, some changes demonstrate that some accidents were not as bad as others thought and could have been stopped. These adjustments are mostly made to the rungs on the monkey bars, which are a constant source of injury. Each year there are more injuries to that area. So companies are trying out different ways to prevent injuries. They remove the rungs and create a place where people can place their feet most of the time. Most of the time, these steps are a success. These changes have allowed the industry to grow, and people love the new designs.
The playground industry is booming with growth as new parents see the need for their kids to experience the great outdoors. And manufacturers are gearing up for this new market by making safer equipment. The playground industry is expected to grow by 5.2% over the next five years and reach over $10 billion! That's a lot of money! And with the growth, safety is vital, so manufacturers are making sure their equipment meets new regulations to secure their place in this new market.
The playground equipment industry was significantly impacted by the pandemic known as Covid-19. Some companies went out of business, while others closed their factories and moved operations overseas. Covid-19 had a fundamental effect on the playground equipment industry. It prevented playground equipment companies from acquiring the raw materials to make their equipment. The playground equipment industry is still recovering from the effects of Covid-19, and some companies have not been able to recover. However, the playground equipment industry is beginning to thrive as interest in playground safety increases.
We hope you enjoyed our article about the effects of Pandemic Covid-19. We appreciate you taking the time to read our blog, and we hope you will continue to support us! If you have any questions or would like to discuss our blog further, please contact MeetAllSports.
