The Portable & inflatable Swimming Pool Market business globally was nearly US$ 2,350.7 million in 2022. In the current year, 2023, the total demand for portable & inflatable swimming pool, in terms of value, is estimated to be around US$ 2,355.5 million. Furthermore, it is projected to reach US$ 5,576.3 million by 2033, registering a CAGR of 9.0% from 2023 to 2033.
The surge in demand for inflatable pools, primarily an outcome of rising building activity, is driving the market CAGR for Inflatable Pools. The market for inflatable pools is expected to grow throughout the forecast period, owing to customers’ growing choice for portable, convenient, and small athletic equipment. Portable and inflatable swimming pools are popular among children because they allow them to participate in a variety of physical and recreational activities. Despite the presence of fierce competition, investors are still enthusiastic about this area due to the apparent global recovery trend, and there will be additional novel investments entering the field in the future.
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Technological advancements and creative thinking will further enhance the product’s performance, making it more commonly utilized in downstream applications. Population explosion and faster growth rates, particularly in emerging economies, are diminishing residential areas, increasing market demand for portable and inflatable swimming pools. Inflatable pools are fairly inexpensive to acquire because they require significantly less installation and construction effort. As a result, they are an excellent solution for a wide range of residences.
The key obstacles of the portable and inflatable swimming pool market are likewise related to restricted space and high manufacturing expenses. Aside from that, laws set by various governments regarding the necessity for barriers are projected to hamper the growth of the portable and inflatable swimming pool market in the forecasted year.
Key Takeaways
- The portable and inflatable swimming pool industry size developed at a CAGR of 9.0% from 2023 to 2033.
- In 2022, the United States market size stood at 4.4% globally.
- The portable and inflatable swimming pool market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.4% through 2023
- Germany held a 3.8% share of the global portable and inflatable swimming pool market in 2022.
- With a CAGR of 5.5% over the forecast period, India is predicted to develop rapidly in the portable and inflatable swimming pool market
- In 2022, Japan a 4.0% share of the portable and inflatable swimming pool market globally
- The portable and inflatable swimming pool market in China is expected to increase, registering a CAGR of 6.7% over the forecast period.
Competitive Landscape
Diversity of product portfolios through research and development endeavors, as well as business acquisitions and mergers, are some of the key strategies used by leading businesses to strengthen their position in the worldwide portable and inflatable swimming pool market.
Recent Developments
- Forbes in May 2023 posted about how Coleman’s Saluspa is the best inflatable hot tubs for its 6-person capacity and other attractions.
- In June 2023, BetterBounce Ltd. released an article relating to the safety guidelines and their usage of ropes according to the guidelines. Based on the experience of the company, they found polypropylene ropes to be the most suitable choice for inflatables
Key Segments Profiled in the Global Portable & Inflatable Swimming Pool Market
By Shape Type:
- Oval Shaped
- Square Shaped
- Rectangular Shaped
- Round Shaped
By Age:
- For Children aged 3-6 Years
- For Children aged 6-12 Years
- For Children aged 12 Years & Above
By Application:
- Residential
- Commercial
By Distribution Channel:
- Sales by Wholesalers/Distributors
- Sales by Hypermarkets/Supermarkets
- Sales by Department Store
- Sales by Independent Outdoor Activities Stores
- Sales by Online Retailers
- Other Distribution Channels
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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