Kids Recreational Services Market Size, Industry Analysis Report By Type (Indoor recreational services, Outdoor recreational services) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 263
- CATEGORY
- Retails & Consumer
The Kids Recreational Services Market is valued at around USD 1473.65 million in 2022 and is expected to reach USD 106159.24 million by 2030, registering a CAGR of 53.4% over the forecast period. Services for children's leisure by providing sustenance and delight through various activities like play and artistic endeavours, you may nourish a child's body and mind. These leisure-time activities are responsible for helping children gain self-assurance, imagination, nutrition, and creativity.
The Kids Recreational Services Market - Growth Factor
Increased adult participation, rising disposable incomes across a variety of industry sectors and geographical regions, a shift in consumer preference toward better health, rising theme park investments, expanding online marketing, rising obesity rates, and participation in recreational and leisure activities are all expected to contribute to the Recreation Services Market's expected growth in importance. The government's support for health and fitness, as well as the availability of a variety of equipment and personalised fitness training programmes at fitness and recreation sports facilities, have all contributed to the market's growth. However, it is anticipated that high start-up costs for fitness facilities, hefty membership costs, and a sedentary lifestyle will limit market expansion.
The Kids Recreational Services Market – market trends
• Kid's recreation is currently a trend that is spreading over the globe. Kids participating in hobbies, cultural art and interest groups, more holidays, effective exercises for overweight kids, and many other things all contribute to the expansion of this sector.
• In 2013, 42 million children under the age of 5 were overweight or obese worldwide, with 23•8% of males and 22•6% of girls being overweight. In 2013, the prevalence of overweight and obesity among children and adolescents in developing nations grew from 8 percent to 12 percent for males and from 8 percent to 13 percent for girls.
• However, there are some factors that limit the development of children's recreational services, such as a lack of parental support and guidance, intense competition from other entertainment options like TV and video games, the high cost of a select few sports and physical activities that are out of reach for low-income families, and the perception by some parents that investing in such activities is overly costly.
• However, there are some factors that limit the development of children's recreational services, such as a lack of parental support and guidance, intense competition from other entertainment options like TV and video games, the high cost of a select few sports and physical activities that are out of reach for low-income families, and the perception by some parents that investing in such activities is overly costly.
The Kids Recreational Services Market – Segmentation
The Kids Recreational Services Market fragrance concentrates market has been sub-classified into type, age group.
On the basis of type, the Kids Recreational Services Market is bifurcated into:
• Indoor recreational services
• Outdoor recreational services
• Others
On the basis of age group, the market is segmented into:
• 1-2
• 3-6
• 6-10
• 11-14
• Others
The Kids Recreational Services Market –Regional Analysis
North America dominated the global Kids Recreational Services Market, recreational sports services are expanding as a result of factors like a growing middle class, a shift in consumer preferences toward better health, and an increase in the prevalence of obesity. Government funding for health and fitness, as well as the availability of a variety of equipment and customised fitness training programmes at fitness and recreation sports facilities, have supported industry expansion.
The Kids Recreational Services Market – Key Market players
Global key players of Kids Recreational Services Market include The Walt Disney Company US, Worldwide Kids Company UK, Cedar Point US, momstown.ca US, Little Kickers UK, Monkeynastix Burlington, Kindermusik US. Services, and others.
Report scope
Global Kids Recreational Services Market: Historical Years- 2018-2021
Global Kids Recreational Services Market: Forecast Years- 2022-2030
Global Kids Recreational Services Market 2022- USD 1473.65 million
Global Kids Recreational Services Market 2030- USD 106159.24 million
Global Kids Recreational Services Market CAGR- 53.4 %
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI