QY Research recently published a report, titled, “Global Trampoline Park Equipment Market Report, History and Forecast 2014-2025”. Experts have given a wide overview of the market in order to help the reader understand the present dynamics and its various elements. There has been a reported increase in demand for global trampoline park equipment market due to rapid rising awareness of health issues among children. This has created lucrative opportunities for investors, business owners, stakeholders and manufacturers in the global market.
The global trampoline park equipment market was valued at US$1757 mn in 2018 and is expected to reach US$1845 mn by the end of 2025, rising at a CAGR of 3.8% between 2019 and 2025.
Encouragement to Outdoor Activities to Boost Sales of Trampolines
Trampolines are mainly used for recreational or competitive purposes. In order to give the required bounce to the user they are made up of a non-elastic and strong fabric, springs, and steel frame. The frames that are used for competitive purposes has a folding mechanism allowing mobility to the trampoline. The strong frame as well as mobility has increased its demand in Olympics, which has positively impacted the global trampoline park equipment market. Also, introduction of technology in children’s life has reduced their physical activity by decreasing the time they spend outdoors. This has also boosted the sales of trampolines as parents are realizing the benefits of spending time outdoors.
Another driving force in the market is the e-commerce service that are providing an easy access to customers with improving internet facilities and convenience and delivery options. All these factors are expected to drive the growth of global trampoline park equipment market.
Trampoline Park Use to Capture Lion’s Share in Global Market
The trampoline park equipment is available in different styles to satisfy the demand of the customer as per their needs. The global trampoline park equipment market is segmented into product type and end users/application. The product type segment includes mini trampoline, medium trampoline, and large trampoline. The end users/application segment includes domestic use, trampoline park use, and others. The trampoline park use segment is expected to capture a larger market share to encourage outdoor activities amongst children.
North America to Hold Major Share in Global Trampoline Park Equipment Market
Rising awareness amongst parents regarding importance of proper physical activities is anticipated to drive the growth of the North American trampoline park equipment market. This growth will be predominantly driven by the U.S. and Canada. The increasing number of sports activities and athletics in Asia Pacific region is also expected to drive the trampoline park equipment market. Growing number of online websites and better e-retailing services are anticipated to boost a significant market share in Europe.
The global trampoline park equipment market has seen an increased competition in the market. The major manufacturers like Multiplay UK, JumpSport, Fun Spot, Pure Fun, Vuly, Plum Products, Spring free, Stamina, and Luna. The players are moving toward new strategies like new product development, innovation of technologies, mergers and acquisitions, and joint ventures to attain a larger share of market. Companies are increasing their competition in the market by satisfying customers through range of options.
Spring free is one of the largest manufacturer of trampoline park equipment. In order to help their customers during the hurricane in Florida, they launched a hurricane kit. Trampolines usually found in the backyards includes kits that will help them secure their trampolines during hurricanes. These kits usually contains hot dip galvanised star pickets, hot dip galvanised star pickets, safety caps, ratchet straps, etc.
Full Report Overview@ https://www.qyresearch.com/index/detail/1114640/global-trampoline-park-equipment-market