The growing popularity of backyard pools, especially in the North American countries, has resulted in the increased demand for inflatable pools.
New York, United States - January 24, 2022 /MarketersMedia/ —
Market Overview
Global Inflatable Pools Market size in 2019 was valued at USD 1.85 Billion. It is projected to register a CAGR of 7.2% from 2020 to 2026.
Market Dynamics
The growing popularity of outdoor recreational activities is driving up demand for inflatable pools. Increased demand for inflatable pools has stemmed from the growing popularity of backyard pools, particularly in North American countries. These pools are easy to use and transport. They are the consumers' favored choice because they are less expensive than permanent pools. Inflatable pools have become increasingly popular around the world as a result of rapid urbanization and increased space restrictions. Furthermore, demand for inflatable pools is likely to rise during the forecast period due to growth in emerging economies, changing lifestyles, and consumers' preference for the western culture of weekend waterplay.
Inflatable pools have become more popular as a result of the COVID-19 outbreak. The desire for backyard pools has surged as a result of global travel restrictions and people remaining at home, particularly in the United States and many European countries. Bans on public pools as a result of the COVID-19 outbreak have boosted demand for portable inflatable pools around the world. End users are finding it a simple and quick way to purchase inflatable pools during these difficult times, hence online channels offering inflatable pools have seen a boom in sales.
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Segmental Analysis
The maximum 3 individuals segment had the biggest market share by capacity in 2019 and is expected to continue dominating during the forecast period. Inflatable pools have been increasingly popular among children and young adults in recent years. Following the COVID-19 outbreak, demand for inflatable pools has surged as individuals have stayed at home more, and youngsters and young adults have been using inflatable pools at home to keep themselves occupied during the lockdown.
The 5-to-10-year-old age group has seen significant growth in recent years. Inflatable pools have also become more popular as a result of lockdown restrictions. The demand for inflatable pools has been spurred by bans on the use of public pools as a result of the COVID-19 outbreak.
The Round category dominates the market in terms of shape. One of the main reasons for the popularity of circular inflatable pools is a shortage of room. Inflatable pools with other shapes, on the other hand, have become increasingly popular in recent years and are likely to continue to do so over the review period.
The store-based segment has been further segmented by Distribution Channel into supermarkets & hypermarkets, convenience stores, and specialty stores & others. The store-based distribution channels are dominated by the supermarkets & hypermarkets sub-segment. The expansion of internet outlets, on the other hand, is expected to boost inflatable pool sales.
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Regional Overview
Because to the growing popularity of outdoor activities, North America dominated the inflatable pools market in 2019. Furthermore, the presence of some of the most important firms in the inflatable pool industry in the United States has made North America one of the most important marketplaces for inflatable pools. Furthermore, since the breakout of COVID-19, there has been a spike in demand for backyard pools in the United States. Bans on public pools have resulted in an upsurge in inflatable pool sales.
During the forecast period, the Asia-Pacific market is expected to provide attractive possibilities for inflatable pool manufacturers. The Asia-Pacific inflatable pool industry is dominated by countries like New Zealand and Australia. However, in many Southeast Asian countries, customers' preference for western cultures is expected to boost inflatable pool sales throughout the review period.
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Competitive Dynamics
The notable players of the market are 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), GPCT Inflatable Pool (US).
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