Playground & Park Equipment Manufacturing in the US - Industry Market Research Report

Play time: Stabilizing steel prices will contribute to industry revenue growth

Playground and park equipment manufacturers primarily sell to local and state governments for park construction and renovation. For this reason, demand for playground and park equipment is driven by state and local government budgets since recreation budgets typically fund these projects. Nonetheless, government budgets have declined because of the economic downturn brought on by the outbreak of COVID-19. During the pandemic, budgets shifted to focus on providing aid for hospitals and essential workers, reducing expenditure on recreation. Nonetheless, nonprofits funding playground equipment construction has fueled some growth for manufacturers. Also, increased private spending on home improvements in 2020 and 2021 offset some COVID-19-related losses as households increasingly purchased playground equipment since children couldn't use public playgrounds. Overall, industry-wide revenue has been growing at a CAGR of 0.7% over the past five years and is expected to total $1.0 billion in 2023, when revenue will dip by an estimated 2.2%. Operators in this industry manufacture park and playground equipment, such as metal, plastic and wood furniture and other equipment meant for outdoor use in public and private spaces. Equipment manufactured by this industry includes tables, bike racks, trash receptacles, seats, benches, slides and swing sets. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.