The pool loungers market is expected to grow at a CAGR of 5% during the forecast period of 2024 to 2032, pool loungers market caters to the comfort and leisure needs of individuals seeking relaxation by the poolside. The pool loungers market is fuelled by the rising demand for outdoor comfort, the expansion of the hospitality industry, and innovations in design and materials. Despite facing the seasonal nature of demand, the market's segmentation by type and price caters to diverse consumer preferences. Foldable loungers are poised for growth due to their portability and versatility, while the High-priced segment will thrive on consumers' preference for luxury and premium features. As the market evolves, industry players will continue to innovate to meet the varying demands of consumers seeking poolside relaxation.
Rising Demand for Outdoor Comfort
The growing inclination towards outdoor living spaces has amplified the demand for pool loungers. As homeowners aim to create inviting and comfortable outdoor areas, lounging by the pool becomes a central aspect of leisure. The desire for attractive and relaxing poolside seating options has led to an increase in the purchase of pool loungers.
Expansion of Hospitality and Resorts
The hospitality and resort industry's growth has significantly impacted the pool lounger market. With more hotels, resorts, and leisure destinations offering poolside amenities, the demand for high-quality and aesthetically pleasing loungers has surged. Customers now expect enhanced poolside experiences, prompting establishments to invest in premium loungers.
Innovations in Design and Materials
Manufacturers have responded to market demands by introducing innovative designs and materials. Loungers with adjustable features, ergonomic designs, and weather-resistant materials have gained popularity. Lightweight aluminum, durable wicker, and quick-drying fabrics improve the loungers' durability and functionality, attracting consumers who prioritize both style and practicality.
Seasonal Nature of Demand
A prominent constraint faced by the pool loungers market is its susceptibility to seasonal demand. The demand for loungers experiences peaks during warmer months and declines during colder seasons, resulting in fluctuations in sales and revenue. This cyclical pattern presents challenges for manufacturers and retailers in terms of inventory management, production planning, and cash flow.
Fixed loungers Dominate the Market by Type
The type segment is further divided into Fixed and Foldable pool loungers. Fixed loungers are favored for their stability and durability, making them suitable for commercial establishments. On the other hand, foldable loungers offer portability and convenience, appealing to both residential customers and those seeking portable solutions. In 2023, Fixed loungers accounted for the highest revenue share due to their durability and suitability for various settings. However, during the forecast period from 2024 to 2032, Foldable loungers are projected to exhibit the highest Compound Annual Growth Rate (CAGR). This growth can be attributed to their versatility, ease of storage, and increasing demand from both residential and commercial sectors.
Medium-priced segment Dominates the Market by Price
The price segment encompasses Low, Medium, and High-priced loungers. Low-priced loungers cater to budget-conscious consumers, while medium-priced ones strike a balance between quality and affordability. High-priced loungers emphasize premium materials, intricate designs, and additional features, targeting luxury and upscale markets. In terms of price segmentation, the Medium-priced segment dominated the market in 2023, striking a balance between quality and affordability. While the Low-priced segment appeals to budget-conscious consumers, the High-priced segment is expected to experience the highest CAGR during the forecast period. Consumers' growing inclination towards luxury, design aesthetics, and premium features will drive the demand for high-end pool loungers.
North America Remains as the Global Leader
In 2023, North America held the highest revenue share in the pool loungers market. This dominance can be attributed to the region's strong consumer spending on outdoor living spaces, including poolside areas. The United States and Canada have witnessed an increase in residential properties with pool amenities, driving the demand for pool loungers. Moreover, the popularity of outdoor entertainment and recreational spaces has contributed to the growth of the market in this region. The Asia-Pacific region is anticipated to witness the highest CAGR from 2024 to 2032. Rapid urbanization, rising disposable incomes, and changing lifestyles have led to an increased focus on leisure activities, including poolside relaxation. Countries like China, Australia, and Thailand have seen the proliferation of luxury resorts, private villas, and residential properties with pool amenities, boosting the demand for pool loungers. The region's warmer climate also encourages outdoor living and lounging, contributing to market growth.
Innovation to Enhance the Market Share during the Forecast Period
Prominent players in the pool loungers market include Tropitone Furniture Company, Inc., Brown Jordan International, Inc., KETTAL, Treasure Garden, Inc, Ledge Lounger, Cinmar, LLC (Frontgate), Telescope Casual Furniture, Grosfillex Expert USA, AmazonBasics, CB2, Gloster Furniture GmbH, and Harbour. These companies offer a diverse range of loungers catering to various customer preferences and market segments. Key strategies encompass design innovation, material diversification, and sustainable manufacturing practices. Collaborations with hotels, resorts, and design professionals enable market players to expand their customer base and enhance brand visibility.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pool Loungers market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
