ID: MRFR/CR/8741-HCR | 90 Pages | Published By Snehal Singh on March 2023
Inflatable pools market size is expected to reach USD 1.85 billion, and it is projected to register a CAGR of 7.2% from 2020 to 2027.
Inflatable pools market size is predicted to grow at a CAGR of 7.2% from 2020 to 2027, reaching a value of USD 1.85 billion by 2027. The demand for Inflatable Pools is rising because it is convenient to carry and easy to use. Moreover, these kinds of pools are affordable rather than any other permanent pools. Hence, may consumers be shifting towards the Inflatable Pools. The growing outdoor recreational activities trend is increasing the demand for inflatable pools across the world. The North American countries are looking after the backyard pools, which is propelling the inflatable pools demand in the region.
The inflatable pools have increased in popularity in recent days due to the increasing issues of space constraints and rapid urbanization across the globe. Moreover, the demand for inflatable pools is increasing throughout the research period because of the changing lifestyles, development in emerging economies, and the consumers' inclination towards western culture.
The global Inflatable Pools Market has potential audiences like inflatable pools suppliers, manufacturers, potential investors, traders and distributors of inflatable pools, production process industries, and others. These intended audiences are contributing highly to the global market.
The demand for inflatable pools has increased due to the covid-19 outbreak. In the first half of 2020, the global pandemic has affected many industries due to the lockdown, shutdown and social distancing norms across the world. However, people started staying at home and did not go outside, which has increased the demand for backyard pools, especially in countries like Europe and the US.
Moreover, the demand for portable inflatable pools has increased because of public pools' bans due to a global pandemic. A surge in demand for online channels selling inflatable pools has been seen as customers find it as the convenient and easy way to enjoy the inflatable pool in a tough time.
Chief Factors Existing in The Market
Key Market Drivers
The advent of e-commerce platforms is a major growth driving factor for the worldwide Inflatable Pools Market. Moreover, the rising per capita disposable incomes across the world and an increase in outdoor recreational activities are fuelling the global market growth during the forecast timeframe.
In addition, the rising organized retail sector in the developing countries is boosting the Share in the research period.
The Market Growth might experience challenges due to the manufacturing cost of the inflatable pool and its maintenance.
Also, the global market might face challenges because of the strident regulation of the government related to inflatable pools.
According to the Inflatable Pools Market Outlook report, the market players, manufacturers and vendors have lucrative growth opportunities because of the increasing development in emerging economies and changing lifestyles of the people.
Moreover, the consumers’ inclination towards the western culture might bring significant opportunities for the Market during the review timeframe.
The increasing number of counterfeit products during the global crisis period is considered to affect the Market Size during the research timeframe.
Moreover, the inflatable pools consist of high prices, which might hamper the growth of the global Market in the forecast period.
Cumulative Evaluation of The Market
Due to various supporting factors, significant growth has been seen in the Inflatable Pools Market. Here, the market key players are working effectively to enhance the performance of the global market.
Thus, the regional market players are situated in every part of the world to give constant support to the worldwide market and generate the higher Market Value.
As per the report of Inflatable Pools Market Forecast, the market has been segmented based on capacity, age, distribution channels, and shapes.
On the basis of capacity segment, the worldwide Inflatable Pools Market has been classified into a maximum of 12 Individuals, maximum of 6 Individuals, and a maximum of 3 Individuals.
In 2019, a maximum of 3 Individuals segments was estimated to generate the largest market share. Further, this segment is expected to continue leading in the upcoming years. In the past few years, the demand for inflatable pools has increased among young adults and kids. Moreover, the arrival of the COVID-19 outbreak has made everyone stay at home where they like to use the inflatable pool at home, which has increased the demand for inflatable pools during the lockdown.
The Inflatable Pools Market has been segmented into up to 4 years, 5 to 10 years, and 11 years &above in terms of age segment.
Out of all, the 5 to 10 years segment was expected to grow in the last few years. The demand for inflatable pools has been propelled during the lockdown restrictions among the age group of 5 to 10 years. The demand for inflatable pools has been increased because of the ban on public pool usage during the covid-19 outbreak.
By Distribution Channel:
On the basis of distribution channel segment, the global Inflatable Pools Market has been divided into non-store-based and store-based.
Among all, the store-based segment is further sub-divided into specialty stores, convenience stores, supermarkets & hypermarkets, and others. The store-based distribution channels are dominated by the supermarkets & hypermarkets sub-segment. In addition, the sales of inflatable pools are increasing due to the proliferation of online channels.
Based on the shape segment, the global Market has been categorized into square, rectangle, round, oval, and others.
Among these, the round segment is projected to dominate the Inflatable Pools Market. The demand for round inflatable pools is increasing among people because of the lack of space. On the other hand, the popularity of the inflatable pool is also increasing off-late with different shapes, which is projected to propel in the research period.
Based on the regional segments, the Inflatable Pools Market Trends has been classified into the Asia Pacific, North America, Europe, South America, and the rest of the world.
In 2019, the North American Market was projected to dominate the global market due to the presence of prominent key players of inflatable pools in North America and the increasing popularity of outdoor activities. In the US, the demand for backyard pools has increased due to the outbreak of COVID-19. Moreover, the sales of inflatable pools have increased because of the bans on public pools in North America.
Furthermore, the Asia-Pacific market is estimated to generate lucrative opportunities for the manufacturers of inflatable pools throughout the research period. The Asia Pacific market is dominated by the countries like Australia and New Zealand. In addition, many Southeast Asian countries' consumers are inclining towards the western culture, accounting for the growth of the inflatable pools sales in the review period.
Competitive Intensity Within the Industry
According to the Inflatable Pools Market Analysis, the prominent market players give their 100% to developing the inflatable pools industry worldwide. These key players include:
The Inflatable Pools Market report explains that these key players are focusing on doing more research and development in the inflatable pools to attract the attention of the potential audience. Also, these key players are doing partnerships and collaborations with other companies to propel the growth of the Inflatable Pools during the research timeframe.
Recent Market Developments
In September 2019, the Life Saving Victoria (LSV) had announced its new inflatable pool that can be used in open waterways. This innovation has aimed to bridge the gap between open water and swimming at a pool.
The Inflatable Pools Market report highlights that significant growth has been achieved in the global market in the past few years. This report covers the market segments, market overview, market dynamics, recent developments, regional analysis and competitive analysis.
Further, the report has given the focus on the segments like capacity, age, distribution channels, and shapes. It highlighted that these segments are supporting the growth of the inflatable pool market during the forecast period.
Key Industrial Segments
By Distribution Channels
|Market Size||USD 1.85 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Capacity, Age, Shape, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Jilong Inflatable Pool (US), Step2 (US), Jasonwell (US), Bestway Inflatables & Material Corp (US), Summer Escapes Swimming Pools (US), SUNNYLIFE (Australia), BigMouth Inc. (US), Harvey Norman Online (Australia), Banzai (US), and GPCT Inflatable Pool (US)|
|Key Market Opportunities||
|Key Market Drivers||Advent of e-commerce platforms, Rising per capita disposable incomes, An increase in outdoor recreational activities, Rising organized retail sector in the developing countries|
The CAGR of Global Inflatable Pools Market is calculated to be 7.2%.
The growth of the Global Inflatable Pools Market is from 2020 to 2027.
Jilong Inflatable Pool, Step2, Jasonwell, Bestway Inflatables & Material Corp are the top four players in the Global Inflatable Pools Market.
The market restraints for the Global Inflatable pools market are high prices and rising number of counterfeit products during the COVID-19 global crisis.
North, America, Europe, Asia-Pacific are the regions included in the study of the Global Inflatable Pools Market.