US Trampoline Park Market Forecast

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Part
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US Trampoline Park Market Forecast

Introduction

After a thorough and exhaustive search on credible avenues of information, our research team was able to arrive at the market forecast of trampoline parks in the US over the next five years. On the basis of our findings, we have triangulated that the US trampoline parks market is estimated to grow at a growth rate of 33.33% year-on-year for the next five years. Our research team has estimated the number of trampoline parks in the US will be 1067 by the end of 2019, 1423 by the end of 2020, 1897 by the end of 2021, 2529 by the end of 2022, and 3372 by the end of 2023.

Findings

  • The number of trampoline parks in the US in 2017 was 600.
  • The number of trampoline parks in the US in 2018 was nearly 800.
  • The number of trampoline parks in North America by the end of 2014 was 345.
  • An additional 115 were expected to be open by the end of 2015 in North America.
  • Globally, the number of trampoline parks has increased from 3 parks in 2009 to more than 1,000 parks by the end of 2017.
  • According to Tracy Sarris, EVP of IATP or the International Association of Trampoline Parks, there were an estimated 35 to 40 trampoline parks worldwide in 2012.
  • Some relevant factors that might have contributed to the growth of the trampoline parks market in the United States are the development of "retailtainment" and the emergence of chain formation of key players in this industry.
  • In addition to this, the foremost challenge or barrier to growth in this industry is locating a proper site for building a trampoline park. The site should not be too overcrowded. That is to say, there should not be too much competition. Therefore, it is important to consider the location and partners in this business.

Research strategy

We commenced our search by scouring for research reports from market research agencies such as Markets and Markets, Transparency Research, etc with the hope that these agencies might have covered the US trampoline parks market size and forecast in their reports. Unfortunately, this research strategy was not successful because these agencies did not cover this market. However, we could locate a paywalled report on the United States Trampoline Market which had segmented the market on the basis of use into
— Domestic use
— Trampoline Park use
— Other

Similarly, we could locate reports on Global Trampoline Market by market research companies such as Prudour Research. This report had also segmented the market on the basis of use (Domestic Use and Trampoline Park Use) and regions namely, North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Unfortunately, this research strategy was also not fruitful because this report did not provide the requested information.

We combed through online publications by associations of trampoline parks such as the International Association of Trampoline Parks or IATP, as our third research strategy. It was during this search that we unearthed findings pertaining to the estimated number of trampoline parks in North America in 2014 and 2015.

Taking a cue from the above research strategy, we dug deeper and began our search for blogs, articles, and other online publications on websites of global trampoline park equipment designers, producers, and suppliers such as ELI Play. Fortunately, we came across an article that identified the estimated number of trampoline parks in the United States in 2017. In addition to this, we also located some key factors and trends in the US trampoline parks market that might have contributed to the projected growth. For the requested information on factors that might are relevant for the growth of this market, we referred to interviews of the key executives and owners of trampoline parks across the globe.

Finally, we scoured reports from leading news agencies in the US for the requested information. Fortunately, we were able to unearth the estimated number of trampoline parks in the United States in 2018 from one such source.

So, the year-on-year growth rate of the US trampoline parks market can be determined with the help of the following formula:
(The estimated number of trampoline parks in the United States in 2018-The estimated number of trampoline parks in the United States in 2017)÷The estimated number of trampoline parks in the United States in 2017

=(800-600600
=200÷600
=0.3333 (In order to convert in percentage terms we multiply by 100)
=33.33%
Now using this year-on-year growth rate, we will calculate the market forecast for the US trampoline park market over the next 5 years.

For 2019, the estimated number of trampoline parks in the United States is determined as follows:
The estimated number of trampoline parks in the United States in 2018+The estimated number of trampoline parks in the United States in 2018x33.33%
=800+800x33.33%
=800x(1+33.33%)
=800x(1+0.3333)
=800x1.3333
=1066.64
~1067

For 2020, the estimated number of trampoline parks in the United States is determined as follows:
The estimated number of trampoline parks in the United States in 2019+The estimated number of trampoline parks in the United States in 2019x33.33%
=1067+1067x33.33%
=1067x(1+33.33%)
=1067x(1+0.3333)
=1067x1.3333
=1422.63
~1423

For 2021, the estimated number of trampoline parks in the United States is determined as follows:
The estimated number of trampoline parks in the United States in 2020+The estimated number of trampoline parks in the United States in 2020x33.33%
=1423+1423x33.33%
=1423x(1+33.33%)
=1423x(1+0.3333)
=1423x1.3333
=1897.28
~1897

For 2022, the estimated number of trampoline parks in the United States is determined as follows:
The estimated number of trampoline parks in the United States in 2021+The estimated number of trampoline parks in the United States in 2021x33.33%
=1897+1897x33.33%
=1897x(1+33.33%)
=1897x(1+0.3333)
=1897x1.3333
=2529.27
~2529

For 2023, the estimated number of trampoline parks in the United States is determined as follows:
The estimated number of trampoline parks in the United States in 2022+The estimated number of trampoline parks in the United States in 2022x33.33%
=2529+2529x33.33%
=2529x(1+33.33%)
=2529x(1+0.3333)
=2529x1.3333
=3371.91
~3372
Sources
Sources

Quotes
  • "In 2004, the American organisation Sky Zone opened the world’s first trampoline park, which was built by Trampoline Parks LLC. Now, thirteen years later, the United States boasts more than 600 trampoline parks. The majority of these parks, more than 68%, is operated by one of eight major chains. In the United States, chain formation and the development of “retailtainment” are among the key trends and developments."
Quotes
  • "Less than a decade ago, there were only three trampoline parks in the nation. Now there are roughly 800. "
Quotes
  • "An estimated 345 trampoline parks were open by the end of 2014; another 115 are anticipated to open by the end of 2015 in North America alone.”"
Quotes
  • "With industry growth on the rise from 3 parks in 2009 to well over 1,000 parks worldwide by the end of 2017"
Quotes
  • "Indoor trampoline parks have become big business. According to Tracy Sarris, Executive Vice-president of the International Association of Trampoline Parks, an organization founded in 2013 to formulate best practices for safety in the industry and promote continued growth: "It's difficult to keep track of the number of parks because so many have opened just this year.""
  • ""We're getting inquiries from new or potential parks nearly every day and more are opening every month," Sarris said. She estimates the number of facilities worldwide at 300, up from 35 to 40 three years ago - an increase of more than 700 percent!"
Quotes
  • "The worldwide market for Trampoline Market is expected to grow at a CAGR of roughly 5.3% over the next ten years, and will reach US$ 4,081.2 Mn in 2028, from US$ 2,444.9 Mn in 2018, according to a new Market.us (Prudour Research) study."
Quotes
  • "Location is Key! I think the key thing is location. People are very aware that opening a park in any location won’t do. There’s too much competition in some areas. The challenge is finding the right site in the right area that is not too overcrowded or has too much competition. You need to consider the location and who you can partner with. Harvey Jenkinson, Co-Owner, Gravity Trampoline Parks"