The growth of the trampoline park industry: A booming business
Trampoline parks have become increasingly popular, providing a fun and exciting way to exercise and spend time with family and friends. The industry has experienced significant growth, with over 1,500 trampoline parks globally and many more being set up rapidly.
According to market research, the global trampoline park market was valued at USD 837.8 million in 2022 and is projected to grow at a CAGR of 15.6% to USD 3570 million between 2023 and 2032. This growth can be attributed to the increasing demand for recreational activities, especially among younger generations. Trampoline parks offer a unique and thrilling experience that cannot be found in traditional gyms or fitness centers, making them an attractive option for those looking for a fun way to stay active.
The history of trampoline parks dates back to the early 2000s when the first dedicated venues emerged. Since then, the industry has evolved significantly, introducing new technologies and safety measures to enhance customer experience. As the industry grows, more entrepreneurs invest in trampoline parks, creating new job opportunities and contributing to the economy.
Overview of the trampoline park industry
Trampoline parks have become increasingly popular in recent years, providing a fun and exciting way for people of all ages to get active and enjoy themselves. The trampoline park industry has been experiencing rapid growth, with a global market value of $1.4 billion in 2019 and projected to reach $3.2 billion by 2023.
The industry outlook for trampoline parks is positive, with a projected CAGR of 15.6% between 2023 and 2032. This growth can be attributed to several factors, including increased demand for fun ways to exercise, the average age of jumpers getting higher, and an increase in online ticket booking.
However, the COVID-19 pandemic has presented challenges for the trampoline park industry, with many parks being forced to close temporarily or permanently due to health and safety regulations. As a result, the industry has had to adapt by implementing new safety measures and protocols to ensure the health and well-being of its customers.
Despite these challenges, the trampoline park industry remains a fast-growing niche within the attractions industry. As more people seek out fun and engaging ways to stay active, trampoline parks will remain popular for years.
Key market players
Regarding the trampoline park industry, several key market players are worth mentioning. These players have established themselves as major industry players and contributed significantly to their growth. Here are some of the key market players in the trampoline park industry:
- Sky Zone: Sky Zone is one of the largest trampoline park operators in the world. The company was founded in 2004 and has since expanded to over 200 locations in 11 countries. Sky Zone offers a variety of activities, including freestyle jumping, dodgeball, and fitness classes.
- International Association of Trampoline Parks: The International Association of Trampoline Parks (IATP) is a non-profit organization representing the trampoline park industry. The IATP provides resources and support to trampoline park operators, safety guidelines, and best practices.
- Altitude Trampoline Park: Altitude Trampoline Park is another major player in the industry. The company was founded in 2012 and has since expanded to over 100 locations in the United States and worldwide. Altitude Trampoline Park offers a variety of activities, including foam pits, basketball, and dodgeball.
- Rockin’ Jump: Rockin’ Jump is a trampoline park operator founded in 2010. The company has since expanded to over 30 locations in the United States and worldwide. Rockin’ Jump offers a variety of activities, including freestyle jumping, dodgeball, and fitness classes.
These are just a few key market players in the trampoline park industry. Many other operators are contributing to the industry’s growth, and it will be interesting to see how the industry evolves in the coming years.
Growth factors and opportunities
The trampoline park industry has seen significant growth in recent years, and several factors drive this growth. Here are some of the key growth factors and opportunities to consider:
Trends
One of the biggest trends in the trampoline park industry is the increasing popularity of these facilities among adults. While trampoline parks were once primarily geared toward children, more and more adults are discovering the fun and fitness benefits of bouncing around on a trampoline. This demographic shift opens up new opportunities for trampoline park operators to offer specialized classes, events, and promotions for adults.
Opportunities
There are also many opportunities for trampoline park operators to expand their offerings and attract new customers. For example, some operators add new attractions like ninja courses, foam pits, and climbing walls to their facilities. Others partner with local schools, sports teams, and community organizations to offer group discounts and fundraising opportunities.
Drivers
Several key drivers are fueling the growth of the trampoline park industry. One of the biggest is the increasing awareness of the health benefits of physical activity. Trampoline parks provide a fun and engaging way for people to exercise and stay active, which is especially important given the rising rates of obesity and other health problems.
Innovation
Innovation is also playing a role in the growth of the trampoline park industry. Operators are constantly looking for new ways to improve their facilities’ safety, functionality, and overall experience. This includes everything from investing in high-quality equipment to developing new games and activities that keep customers engaged.
Industry growth
The trampoline park industry is expected to continue growing in the coming years, with some estimates predicting a compound annual growth rate of over 15% between 2023 and 2032. This growth is driven by factors like increasing consumer demand, expanding geographic reach, and introducing new products and services.
Development trends
Finally, several development trends are to watch in the trampoline park industry. For example, many operators are exploring new ways to incorporate technology into their facilities, such as interactive games and virtual reality experiences. Others focus on sustainability and eco-friendliness, using renewable energy sources and eco-friendly materials in their construction and operations. By staying on top of these trends and embracing new opportunities for growth and innovation, trampoline park operators can continue to thrive in the future.
Market segmentation
Trampoline parks have become increasingly popular in recent years, and the industry continues to grow. The trampoline park market can be segmented based on product type, application, and location.
Product type
Trampoline parks can be categorized into two types: indoor and outdoor. Indoor trampoline parks are typically located in shopping malls, entertainment centers, and standalone buildings. Outdoor trampoline parks are usually in amusement, water, and other outdoor recreational areas.
Application
Trampoline parks cater to many customers, including children, teenagers, and adults. They are popular for birthday parties, corporate events, and team-building activities. Trampoline parks also offer fitness classes, including trampoline aerobics and dodgeball tournaments.
Location
The trampoline park market is growing rapidly in Asia, including China, India, and Japan. The region is expected to see a rapid increase in trampoline parks, with the APAC market estimated to account for a revenue share of 13.9% in 2022 and expected to register a CAGR of 16.3% over the forecast period. The trampoline park market in the US is also growing, with IBISWorld reporting a five-year forecast of the market and noted trends.
Indoor trampoline park
Indoor trampoline parks are becoming increasingly popular due to their convenience and accessibility. They are typically located in urban areas and offer a range of activities, including trampoline dodgeball, slam dunk basketball, and foam pits. Indoor trampoline parks are typically open year-round, making them a popular destination for families and groups.
Outdoor trampoline park
Outdoor trampoline parks are typically in amusement parks and other outdoor recreational areas. They offer a range of activities, including trampoline basketball, trampoline dodgeball, and foam pits. Outdoor trampoline parks are typically open during summer, making them a popular destination for families and groups.
In conclusion, the trampoline park market continues to grow, with a wide range of product types, applications, and locations. As the market expands, trampoline park operators must stay up-to-date with the latest trends and technology to remain competitive.
Regional analysis
The trampoline park industry is growing rapidly worldwide, with different regions showing varying levels of growth. Here is a brief regional analysis of the trampoline park industry:
North America
North America is the largest market for trampoline parks, with the United States leading the way. The market is expected to grow due to the increasing popularity of trampoline parks for entertainment and exercise. The region has seen a rise in trampoline park franchises, contributing to the industry’s growth.
Europe
Europe is also a significant market for trampoline parks, with the United Kingdom being the largest market in the region. The industry has seen significant growth in recent years, with the rise of indoor trampoline parks and the increasing popularity of trampolining as a sport.
Asia-Pacific
Asia-Pacific is a growing market for trampoline parks, with China being the largest market in the region. The industry is still in its early stages in many parts of the region. Still, it is expected to grow rapidly in the coming years due to the increasing popularity of trampolining as a form of exercise.
Middle East and Africa
The trampoline park industry is still in its early stages in the Middle East and Africa, with limited growth in the region. However, the industry has shown promising growth in countries such as the United Arab Emirates and South Africa.
Major markets
The major markets for trampoline parks are the United States, the United Kingdom, China, and Australia. These markets have seen significant growth in recent years, with the rise of indoor trampoline parks and the increasing popularity of trampolining as a form of entertainment and exercise.
Overall, the trampoline park industry is growing rapidly worldwide, with different regions showing varying levels of growth. The industry is expected to grow in the coming years, driven by the increasing popularity of trampolining as entertainment and exercise.
Impact of covid-19
The Covid-19 pandemic has significantly impacted the trampoline park industry. As with other nonessential businesses, trampoline parks nationwide shut down as the virus spread. Some parks faced a few months of closures, while others faced much longer closures.
The pandemic has had a direct impact on the growth of the trampoline park industry. With people staying at home and social distancing measures in place, there has been a decrease in demand for trampoline parks. This has decreased revenue for trampoline park businesses, and some parks have been forced to close permanently.
However, as the world recovers from the pandemic and restrictions are lifted, there is hope for the trampoline park industry. According to a report by Market Research Future, the global trampoline park market is projected to grow at a CAGR of 15.6% between 2023 and 2032.
Trampoline parks have also taken steps to adapt to the pandemic and ensure the safety of their customers. Many parks have implemented new cleaning and sanitization protocols and social distancing measures. Some parks have also introduced new attractions, such as virtual reality experiences, to attract customers during the pandemic.
Overall, while the Covid-19 pandemic has significantly impacted the trampoline park industry, there is hope for its recovery in the coming years. Trampoline parks may again see increased demand as people return to normal activities and seek new experiences.
Trampoline park attractions
Trampoline parks are known for their various attractions catering to individuals of all ages and skill levels. These attractions are designed to provide a fun and safe experience for everyone who visits the park. Here are some of the most popular trampoline park attractions:
Dodgeball
Dodgeball is a classic game adapted to be played on trampolines. Players jump and dodge while trying to eliminate the other team by hitting them with soft foam balls. This attraction is a great way to exercise and have fun with friends.
Basketball
Trampoline parks often have basketball hoops set up that are designed for jumping and dunking. This attraction is perfect for basketball enthusiasts who want to show off their skills while getting extra air.
Ninja warrior
Inspired by the popular TV show, Ninja Warrior courses are designed to test your strength, agility, and balance. These courses often include obstacles such as balance beams, swinging ropes, and monkey bars.
Climbing walls
Climbing walls are popular in trampoline parks that test your strength and endurance. These walls are designed to be climbed while bouncing on a trampoline, adding an extra challenge to the experience.
Obstacle courses
Obstacle courses are a great way to challenge yourself and have fun at the same time. These courses often include a variety of obstacles, such as balance beams, swinging ropes, and climbing walls.
Foam pits
Foam pits are popular in trampoline parks, providing a safe landing spot for jumps and flips. These pits are filled with soft foam cubes that cushion your landing and make it easy to practice new tricks.
Overall, trampoline parks offer various attractions catering to individuals of all ages and skill levels. Whether you want to play dodgeball, show off your basketball skills, or test your ninja warrior abilities, there is something for everyone at a trampoline park.
Safety and insurance
When it comes to trampoline parks, safety is a top priority. The International Adventure & Trampoline Park Association (IATP) is the industry’s most ardent safety and injury prevention advocate. They closely monitor sports medicine, fitness, and injury reporting to develop consensus safety strategies.
Trampoline parks are generally safe, but like any physical activity, there is a risk of injury. The number of trampoline park injuries is on the rise, but the risk is relatively low compared to other athletic activities, including home trampolines. However, taking precautions is important to minimize the risk of injury.
One of the ways trampoline parks ensure safety is by requiring participants to wear trampoline socks with non-slip soles. These socks help prevent slips and falls, which can lead to sprains or other injuries. Additionally, parks have strict rules and regulations, and trained staff members supervise jumpers to ensure they follow the rules and use the equipment safely.
Trampoline park owners should also purchase a general liability insurance policy to protect themselves and their businesses. The McGowan Family Entertainment Center (FEC) Insurance program delivers coverage and loss-control services specifically designed for trampoline parks. This insurance program can help owners and operators mitigate risk and ensure the safety of their customers.
Before jumping, participants must sign a waiver acknowledging the risks involved in trampolining. While waivers do not absolve trampoline parks of all liability, they are important in ensuring that participants are aware of the risks and take responsibility for their safety.
Overall, trampoline parks are a fun and safe way to exercise and have fun. By following the rules, using proper equipment, and taking precautions, you can minimize the risk of injury and enjoy all the benefits of trampolining.
Market dynamics
The trampoline park industry is experiencing significant growth in recent years. The market size is projected to reach USD 3570 million by 2032, with a CAGR of 15.6% between 2023 and 2032. The increasing popularity of indoor sports and fitness activities, especially among children and teenagers, is driving the growth of the trampoline park industry.
Several factors, including revenue, sales, market share, and price, influence the market dynamics of the trampoline park industry. The industry is highly competitive, with several players vying for market share. The key players in the market include Sky Zone, Urban Air Trampoline, and Altitude Trampoline Park.
One of the significant drivers of the trampoline park industry’s growth is the increasing demand for indoor sports and fitness activities. Trampoline parks offer a fun and engaging way to exercise, making them popular among children, teenagers, and adults. The industry’s growth is also driven by increasing trampoline parks worldwide, providing customers with more options.
The trampoline park industry’s growth is also influenced by changing consumer behavior, with customers increasingly seeking unique and engaging experiences. Trampoline parks offer a range of activities, including dodgeball, basketball, and foam pits, making them an attractive option for customers looking for fun and engaging experiences.
In conclusion, the trampoline park industry is experiencing significant growth, driven by several factors, including the increasing demand for indoor sports and fitness activities, changing consumer behavior, and the increasing trampoline parks worldwide. The industry is highly competitive, with several players vying for market share, and it is projected to continue growing in the coming years.
Challenges and restraints
While the trampoline park industry has seen significant growth in recent years, it has challenges and restraints. Here are some of the main ones to keep in mind:
Safety concerns
One of the biggest challenges facing trampoline parks is safety. While the parks are designed to be fun and exciting, they can also be dangerous if safety precautions are not taken. In recent years, there have been several high-profile accidents and injuries at trampoline parks, which has led to increased scrutiny from regulators and the media. As a result, trampoline park operators must be diligent in maintaining their equipment and enforcing safety rules to minimize the risk of accidents.
Competition
Another challenge facing trampoline parks is competition. As the industry has grown, so too has the number of parks opening up across the country. This means that operators must work harder to differentiate themselves from competitors and attract customers. This can be especially difficult for smaller operators who may not have the resources to invest in marketing and advertising.
Economic uncertainty
Like many industries, the trampoline park industry is also subject to economic uncertainty. A recession or downturn in the economy could lead to decreased consumer spending and a corresponding drop in revenue for trampoline parks. This concerns smaller operators who may not have the financial reserves to weather a prolonged economic downturn.
Liability concerns
Trampoline parks also face liability concerns, particularly regarding accidents and injuries. While operators take steps to minimize the risk of accidents, there is always the possibility that something could go wrong. This means that operators must have adequate insurance coverage and be prepared to deal with legal claims if they arise.
In summary, while the trampoline park industry has seen impressive growth in recent years, there are also several challenges and restraints that operators must contend with. From safety concerns to competition and economic uncertainty, several factors could impact the industry’s long-term viability. As such, operators must diligently manage these risks and adapt to changing market conditions.
Future prospects
The trampoline park industry is expected to experience significant growth in the coming years. According to market research, the global trampoline park market is projected to reach $5.2 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027.
One of the main drivers of this growth is the increasing popularity of trampoline parks among children and young adults. Trampoline parks offer a unique and enjoyable experience, making them a popular destination for birthday parties, group outings, and family fun. As a result, trampoline park operators are expanding their offerings to include more attractions and activities to attract a wider audience.
Another factor driving growth in the trampoline park industry is the increasing focus on health and fitness. Trampoline parks offer a fun and engaging way to get exercise, making them an attractive option for people looking to stay active and healthy. Trampoline park operators are responding to this trend by offering fitness classes, such as trampoline aerobics, to attract health-conscious customers.
In addition, the trampoline park industry is seeing increased investment from private equity firms and other investors, which is expected to drive further growth and expansion. These investors are attracted to the industry’s strong growth potential and the high-profit margins that trampoline parks can generate.
Overall, the prospects for the trampoline park industry look bright. As the popularity of trampoline parks continues to grow, operators will continue to expand their offerings and attract new customers. With increasing investment and a focus on health and fitness, the trampoline park industry is well-positioned for continued growth in the coming years.