The Kids Recreational Services Market: Overview
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 238% of males and 226% 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 %
