As per the MRFR reports, the global market for the inflatable pool is anticipated to register a healthy CAGR of 7.2% during the review timeframe from 2020 to 2027.
The global inflatable pool market trends has witnessed massive growth in recent years. The market's growth is being driven by the growing trend of outdoor recreational activities. The rising popularity of backyard pools across the globe is caused an upsurge in demand for inflatable pools across the globe. Furthermore, the factors such as easy affordability, rising issues of space constraints, the consumers' inclination towards the western culture, rapid urbanization, development in emerging economies, and changing lifestyles also impact the inflatable pool market's growth over the projected era. However, the growing number of counterfeit products and the high prices of these pools are likely to hamper the growth of the inflatable pool market over the assessment era.
Segment Analysis
The global inflatable pool market has been fragmented into numerous segments based on capacity, age, shape, distribution channel, and region.
Based on capacity, the inflatable pool market is divided into a maximum of 12 Individuals, maximum of 6 Individuals, and a maximum of 3 Individuals.
Based on age, the global market for the inflatable pool is split into 11 years & above, 5 to 10 years, and up to 4 years.
The global inflatable pool market is divided into oval, square, rectangle, round, and others based on shape.
The global inflatable pool market is divided into non-store-based and store-based channels based on the distribution channel.
Regional Analysis
The global inflatable pool market is studied across four major regions, including North America, Europe, Asia-Pacific, and the Rest of the World.
The MRFR report suggests that in 2019, the North American region accounted for the largest market share in the global inflatable pools market. The increasing popularity of outdoor activities is primarily driving the regional market's growth. Furthermore, the presence of some of the key players specialized in inflatable pools is also likely to catalyze the regional market's growth over the forecasted era. Moreover, the outbreak of COVID-19 has boosted the demand for backyard pools across the region, which will cause an upsurge in the regional inflatable pool market's growth.
The inflatable pool market insights for the Asia-Pacific region is projected to offer lucrative opportunities for the players across the region over the forecasted timeframe. Nations like New Zealand & Australia are major markets in the regional market. On the other hand, the consumers' inclination towards western cultures across the region is one of the primary aspects propelling the regional market's growth.
Competitive Analysis
The global market for inflatable pools has an intensely competitive landscape. The players in the market are adopting several new strategies such as partnerships, mergers, and acquisitions to grow their global market presence. The list of leading players in the global inflatable pool market includes GPCT Inflatable Pool (US), Harvey Norman Online (Australia), SUNNYLIFE (Australia), Bestway Inflatables & Material Corp (US), Step2 (US), Banzai (US), BigMouth Inc. (US), Summer Escapes Swimming Pools (US), Jasonwell (US), Jilong Inflatable Pool (US), and several others.
Recent Developments
- April 27, 2021 – Target has announced the launch of a new Hearth and Hand collection. The new collection includes all things one needs for the summer season, including faux plants, outdoor dinnerware, patio essentials, market bags, candles, backyard games, and more. The most popular items for the Hearth and Hand collection managed to get sold out quickly after launching, and the company thinks this USD40 inflatable pool will be a hot ticket item. The pool includes four inflatable rings and doubles as a ball pit through colder months. It can hold over 141 gallons of water and is ideal for ages two and up. It has got a 4.5-star rating, with customers calling it a "must-have for summer" and "super cute."
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