Product ID: UCMIR20B2060
Report ID:
UCMIR20B2060 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The North American market for outdoor play structures had an estimated value of USD 507.4 million in 2022 and is projected to experience a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. This growth can be attributed to the increasing demand for outdoor play structures in both residential and commercial settings in North America, driven by a growing awareness of the importance of physical activity in children's growth and development. Furthermore, the North American market has witnessed the introduction of new theme-based and educational playground equipment designed to enhance the physical and mental well-being of children. Various types of playsets are available, such as free spinners, see-saws, playground climbers, swings, spring riders, and merry-go-rounds.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR20B2060