Global Playground Equipment Market Size will Reach $5281.35 Million in 2023

Global Playground Equipment Market Overview

According to Global Market Monitor, the global playground equipment market size will reach $5281.35 million in 2023 with a CAGR of 9.2% from 2023-2028.

With the change of the time and the concept, people\'s consumption psychology and consumption demand are also transforming. In addition to the basic level consumption of clothing, food, housing, and transportation, the demand for leisure, entertainment, education, and other spiritual levels is also increasing. Professional playground equipment in kindergarten and preschool can help children learn basic computing skills and vocabulary, and through role-playing blocks or puzzles to train children\'s creativity and imagination. Playground equipment can promote the physical and mental development of children, and children\'s demand for amusement equipment will promote the development of the amusement equipment industry.

Asia Pacific Dominates the Market

Asia Pacific held the largest market share – 43.27% in 2022. The accelerating pace of urbanization in many emerging economies in the Asia-Pacific region has significantly boosted the growth of the playground equipment industry. With the acceleration of urbanization, more and more houses and communities have been built, and the corresponding demand for basic playground equipment is also increasing. The playground equipment industry has broad prospects, and the application of new materials will bring development opportunities for the industry.

Market Competitive Landscape

Manufacturers from North America and Europe are the major leaders in the international playground equipment market. China manufacturers are immature in technologies, and the price gap between international brands and local brands is large. To increase profitability and competitiveness, playground equipment manufacturers have increased investment in the research and development of product design, and some manufacturers produce special equipment to meet the needs of consumers.

The industry concentrate rate of global playground equipment is moderate. The top three companies are Landscape Structures, Henderson, and Playpower, with a market share of 21.13%.

Company Name	Landscape Structures
Website	www.playlsi.com
Establish Date	1971
Headquarters	USA
Business Distribution	Mainly in North America
Business Overview	Landscape Structures provides hundreds of components to create commercial playgrounds that inspire the healthy bodies and minds of children of all ages and abilities. Find the perfect slide, climber, spinner, or overhead event to add to any play structure by age range or play system.