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Indoor playground business trend

Indoor playground business trend

DateTime: 2022/3/1 15:40:07  Posted by: Admin  In:   View: 1899

While demand for indoor play centers grew steadily throughout much of the current five-year period on account of a growing number of children and a strong economy, the COVID-19 (coronavirus) pandemic halted the industry in 2020. With the spread of the pandemic, operators endured shutdowns in 2020 and have operated with restrictions since, continuing into much of 2021 as the coronavirus has surged in the United States. Consequently, industry revenue contracted a massive 40.0% in 2020, although it is expected to recover some of its value in 2021, rising an estimated 19.1%. Nonetheless, industry revenue is expected to decline at an annualized rate of 4.3% to $658.0 million over the five years to 2022.

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