The inflatable swimming pool market is set to witness steady growth during 2021-2031, with a CAGR of around 10.8%.
Demand for the inflatable swimming pool will witness steady growth due to the rise in demand for personal recreational equipment
Additionally, the huge amount of expense required to build and maintain a personal swimming pool creates an opportunity for alternative options, and thus, the growth rate of the inflatable swimming pool in terms of sales is high
Inflatable Swimming Pool Market Forecast and CAGR
The inflatable swimming pool market is set to witness steady growth during 2021-2031, with a CAGR of around 10.8%. Demand for the inflatable swimming pool will witness steady growth due to the rise in demand for personal recreational equipment.
Additionally, the huge amount of expense required to build and maintain a personal swimming pool creates an opportunity for alternative options, and thus, the growth rate of the inflatable swimming pool in terms of sales is high.
What is Driving Demand for Inflatable Swimming Pool Market?
The demand for inflatable swimming pools is projected to grow during the forecast period 2021-2031, mainly due to the inclining of customers towards portable, compact and convenient options for sporting activities.
The increasing rates in the construction industry and rising population leading to a decrease in residential areas, especially in the developing regions are promoting the development of inflatable swimming pools.
The availability of such novel solutions in the market tends to boost the demand and sales of any product from the respective industry and inflatable swimming pools have proven to be a live example. The use of PVC allows the pool to resist certain stress, keeps it leak-proof. However, it has a high chance of being punctured, which renders the growth.
What Factors are Likely to Augment Inflatable Swimming Pool Sales?
Inflatable swimming pools have a huge demand among kids due to the various recreational activities and physical games involved in swimming.
Many physicians also, recommend swimming to be necessary involved activity in an individual’s life, as it allows them to build muscle strength, burn calories, improves flexibility, enhance metabolism, and overall fitness.
Further, the innovation in the material used for manufacturing inflatable swimming pools and the emerging players in the industry are likely to provide growth opportunities to inflatable swimming pool manufacturers.
In addition, with the presence of digital platforms, players are integrating their online distribution channels to reach all regions of the world and grow their customer base, therefore, boosting the development of the inflatable swimming pool industry.
COVID-19 Impact on Inflatable Swimming Pool Market
The unpredictable scenarios of the deadly Coronavirus, lead to the implementation of strict regulation by the regional governments to control the pandemic, therefore, the inflatable swimming pool industry had witnessed a huge fallback, being no special case.
The shutdown of industries, manufacturing plants, and distribution centers, a temporary pause of import and export of raw materials between developed and developing countries increased the waiting duration for the availability of logistics, reducing the production capacity.
U.S. and Canada Inflatable Swimming Pool Market Outlook
The U.S. is one of the largest markets for inflatable swimming pools globally. The U.S. inflatable swimming pool industry is set to tend a low and high pattern of sales due to the availability of diversified entertainment options, innovation, and integration of machines and materials that attracts investors from all over the world, and thus, provide vast opportunity for the key players.
Demand for an inflatable swimming pool in the U.S. and Canada is projected to rise due to the growth rates in the construction industry.
The U.S. construction sector faces a challenging year; however, it creates an opportunity for the inflatable swimming pool industry to grow optimistically in the forecast period 2021-2031. The momentum is likely to hold ground, which will provide an impetus to a range of outdoor activities, including an inflatable swimming pool.
Europe Demand Outlook for Inflatable Swimming Pool
For inflatable sw ri imming pool manufacturers and suppliers, the strong projections in the sports and outdoor activities encouraged by the increase in the population of middle-class, spreading awareness regarding health issues, the importance of fitness, and rise in the number of obesity cases are likely to boost the sale of the inflatable swimming pool.
The countries of Europe heavily rely upon their infrastructure and the set of instructions and regulations implemented by the government.
Many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities.
However, the widespread demographic and being one of the largest hubs of shopping malls, sales of an inflatable swimming pool are projected to grow.
Who are the Key Manufacturers and Suppliers of Inflatable Swimming Pool
Some of the leading manufacturers and suppliers of inflatable swimming pools include
- Blue Wave Products
- Bestway Inflatables & Material Corp
- Intex Recreation Corp
- Mizukami Kinzoki Co., Ltd.
- Guangzhou Topfun Inflatables Co., Ltd.
- Aierinflatable, Yiwu Tuozhan Plastic Toys Co., Ltd.
- BETTERBOUNCE LTD among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Inflatable Swimming Pool Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
- 12 & Above
By Distribution Channel:
- Wholesalers/ Distributors
- Hypermarkets/ Supermarkets
- Department Stores
- Independent Outdoor Activities Stores
- Online Retailers
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- The other the Middle East
- North Africa
- South Africa
- Other Africa
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.