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I AgreeAnalysis of Pool Float market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global pool float market is set to enjoy a valuation of US$ 878.9 million in 2022 and surge ahead at a CAGR of 6.6% to reach a size of US$ 1.67 billion by the end of 2032.
Sales of pool float tubes accounted for nearly 30% of the over pool float market at the end of 2021.
Report Attributes |
Details |
---|---|
Pool Float Market Size (2021A) |
US$ 837.7 Million |
Estimated Market Value (2022E) |
US$ 878.9 Million |
Forecasted Market Value (2032F) |
US$ 1.67 Billion |
Global Market Growth Rate (2022-2032) |
6.6% CAGR |
North America Market Share (2021) |
~42% |
East Asia Market Growth Rate (2022-2032) |
~7.3% CAGR |
United States Market Growth Rate (2022-2032) |
~4.4% CAGR |
Market Share of Top 5 Companies |
~35% |
Key Companies Profiled |
|
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Immense popularity of pool floats among children and youngsters has contributed to increased sales in the market. The main reason for the growth of the pool float market is the increase in outdoor activities post-pandemic. The market is characterized by the presence of many pool float manufacturers who are constantly competing to increase their share of sales.
The pool float market is very competitive. Pool float providers primarily compete on factors such as product portfolio, product pricing, and security measures. To improve revenue and develop existing product portfolios, manufacturers are investing in branding, designing, and expanding their existing products and services.
From 2017 to 2021, the global pool float market exhibited a CAGR of 2.9%. As per Fact.MR, a market research and competitive intelligence provider, sales of pool floats are projected to surge ahead at 6.6% CAGR between 2022 and 2032.
Market share analysis of pool floats based on application and region is provided in a nutshell in the above image. Under the application segment, fun pool floats dominate with 35.5% market share in 2022.
“Manufacturers Channeling Capital in R&D and Innovative Efforts”
The global pool float market is a fragmented one with plenty of manufacturers. Growing competition amongst market players has motivated them to increase their focus on research and development to come up with innovative products for bolstering sales and gaining maximum market share.
Companies are implementing various strategies such as offering valuable and economic pool float products that would cater to the need of a wider customer base. Market players have come up with various innovative products such as float trampolines, pool see-saws, beverage boats, and many more to attract fun enthusiasts looking for leisure activities.
Moreover, many manufacturers have adopted design Barbie graphics on pool floats, along with starfish pool floats, animal-shaped pool floats, beach pool floats, baby pool floats, and so on to match the persona of specific users.
“Increasing Popularity of Backyard Swimming Pools in North America”
Burgeoning outdoor recreational activities are expected to act as a major demand driver for the pool float market. North America is a dominating region in the pool float market because there are 10.4 million residential and 309 thousand public swimming pools in the country.
Many residential properties in North America consist of a lavish backyard swimming pool for the purpose of relaxation and recreation. All age groups are looking to spend some hours relaxing in the pool, with children driving most of the demand for pool floats in the country.
Additionally, rising popularity of water parks, amusement parks, and water sports, and the growing tourism industry is likely to create a high absolute dollar opportunity for pool float suppliers in the country.
“Increasing Focus on Customized Solutions”
To attract new consumers, leading pool float brands are adopting the strategy of customization. Top-notch customization as per customer demand, improving the comfort aspect, and enhancing functionality are being pursued.
Manufacturers are looking to provide pool floats and inflatables made from sustainable materials to attract more customers and diversify their product ranges. Customization in graphics and shapes is also being considered as fancy-looking pool inflatables attract teenagers.
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The United States pool float market is currently estimated at US$ 370.8 million and is expected to reach US$ 740.3 million by 2032.
The United States is a prominent indoor pool activity hub. The country has a large number of residential pools (roughly 97% of North America) and uses the largest number of swimming floats for adults.
The striking development of America's watersports industry presents significant opportunities for market players. Rapid growth of the sporting goods industry is likely to create lucrative opportunities for pool float vendors in the near future.
Moreover, the country is seeing high demand for relaxation pool floats, fun pool floats, tanning pool floats, and party pool floats.
Germany’s market for pool floats is expected to grow 1.5X between 2022 and 2032 and account for the largest market share of more than 1/5 in the European region by 2032.
Germany is a country rich in water resources - 2.2% of its surface is covered with water. The meandering waterways of Brandenburg have 84 canoe routes and 23 kayak trails, offering visitors a variety of ways to travel over water and a unique way to explore the country.
With its clear lakes, waterways, and rapids, Germany is ideal for a variety of water sports. Owing to this, Germany is expected to exhibit high growth in the pool float market as it accounts for most water sports in Europe.
Germany accounted for 25.2% of Europe’s pool float production in 2021. The Germany pool float market is expected to reach a valuation of US$ 71.1 million by 2032.
A pool mattress, commonly known as a pool float or float, is used when infants and very young children begin to learn swimming, or during training for therapeutic or other purposes.
Pool mattresses heighten the fun level, enhance outdoor activities and relaxation, and come in bright colours and designs. Pool mattresses are offered by several manufacturers across regions.
The integration of pool mattresses in pool floats has increased steadily in the recent past, surpassing a market valuation of US$ 71.2 million at the end of 2021.
The pool mattress segment is predicted to expand 2.4X by the end of 2032.
Sales of PVC (polyvinyl chloride) floats are anticipated to increase at a rapid pace over the coming years.
An increase in the number of resorts and luxury spas across the world is expected to drive the demand for durable and comfortable pool float materials, which will augment the expansion of the luxury pool floats segment.
Major suppliers are focusing on new sustainable materials for manufacturing pool floats and this is anticipated to see great growth prospects over the coming years.
PVC pool floats are set to create an absolute $ opportunity of US$ 478.4 million by the end of the forecast period. On the other hand, demand for foam pool floats will grow 2.2X by 2032.
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The pool float market is characterized by the presence of numerous regional companies with a variety of products. Companies are offering cheap and valuable pool float products to meet all the needs of customers.
Tier-1 manufacturers of pool float products are focusing on acquiring tier-2 and tier-3 manufacturers to enhance their product portfolios and develop a strong distribution network.
Fact.MR has provided detailed information about the price points of key manufacturers of pool floats positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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The global pool float market is valued at US$ 878.9 million in 2022.
Worldwide sales of pool floats are anticipated to reach US$ 1.67 billion by 2032.
From 2017 to 2021, revenue from the sales of pool floats increased at 2.9% CAGR.
North America leads the global pool float market accounting for 42.0% market share in 2021.
Pool tube floats account for 30.4% share of the global landscape.