Development Trend of Outdoor Swing
As the popularity of outdoor sports with outdoor exercise sport equipment such as hiking, running, swimming, and jogging continues to rise, developers are looking into ways to expand this activity. In fact, the global market for outdoor sports and fitness is estimated to be worth over $11 billion by 2020, according to a report by Allied Market Research. Read on to learn more about the market and the key trends influencing it.
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Asia Pacific
Children's Outdoor Swing Professional Industry Report covers global market status and future outlook. It outlines the key drivers, restraints, and opportunities for the market. This report helps stakeholders understand the business environment and develop strategic plans.
The Global Children's Outdoor Swing market is expected to rise steadily during the period between 2022 and 2028. This is attributed to the increasing number of stadiums, a growing number of parks and gardens, and the increasing demand for balcony furniture. However, there is a strong competition among key players in the market. As a result, the market is largely segmented based on type, application, and region.
The Asia Pacific region is one of the most lucrative markets for outdoor furniture. However, the market is vulnerable to a recessionary environment. In addition, the high inflation and rising interest rates pose a new set of threats to the industry.
Moreover, the COVID-19 pandemic has also had a significant impact on the market. Since it is a global phenomenon, many countries are affected. Therefore, this study provides an analysis of the impact of the pandemic on the top companies.
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Middle East & Africa
The Middle East & Africa development trend of outdoor swing is a competitive one. This market is largely driven by the increase in the number of children undergoing high-quality preschools with commercial indoor amusement park. However, there are a number of restraints in the market.
One of these is the lack of water supply. This has resulted in an increase in heat-related illnesses and public health problems. In addition, the increase in global temperatures has also increased the intensity of extreme heat events in the Middle East. These events have caused heat-related deaths and increased the risk of illness.
Another factor affecting the market is the rising competition. A number of players are now focusing on expanding their product portfolios. Some of them include NSO Group, Prudour Pvt. Ltd, and Yahlive.
The GCC states have invested heavily in infrastructure and food security in outdoor leisure equipment. In addition, they have promoted diversification from their sole reliance on natural resources. As a result, there are opportunities for the GCC to develop cornerstone lenders in sub-Saharan Africa.
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