What Is The Scope Of The Global Pool Loungers Market?
Pool loungers are pieces of outdoor furniture designed for relaxation and comfort around swimming pools. They typically feature an elongated, reclined seating surface that allows users to lie back and stretch out fully. Pool loungers often come with adjustable backrests, allowing users to set the angle of recline to their preference, from sitting upright to lying completely flat.
Pool Loungers Global Market Report 2024 provides data on the global pool loungers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pool loungers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Pool Loungers Market Expected To Grow In Size And Annual Rates?
The pool loungers market has grown steadily, increasing from $3.28 billion in 2023 to $3.47 billion in 2024 at a CAGR of 5.8%. This growth has been fueled by the expansion of e-commerce, the popularity of staycations, awareness of climate change, rising residential swimming pool installations, and increased construction activities. By 2028, the market is expected to grow to $4.36 billion at a CAGR of 5.9%. Future growth will be supported by higher disposable incomes, the appeal of outdoor living spaces, urban expansion, changes in lifestyle, and growth in tourism. Major trends include ergonomic and multifunctional designs, use of weather-resistant materials, demand for sustainable options, and collaborations between manufacturers and retailers.
What Main Forces Are Fueling Expansion In The Pool Loungers Market?
The growth of the hospitality industry is likely to drive the pool lounger market. As more people travel and disposable incomes rise, the demand for quality experiences in the hospitality sector is increasing. Pool loungers are essential amenities that enhance guest comfort, encouraging longer stays. The American Hotel and Lodging Association reports that sales in the hotel industry rose significantly in 2022, reflecting the growing demand for leisure travel and boosting the need for related products like pool loungers.
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What Are The Primary Segments In The Global Pool Loungers Market?
The pool loungers market covered in this report is segmented –
1) By Type: Fixed, Foldable
2) By Price: Low, Medium, High
3) By Distribution Channel: Direct, Indirect
4) By Material Type: Stainless Steel, Plastic, Solid Wood, Other Material Types
5) By End-User: Residential, Commercial
Which Key Trends Are Driving Changes In The Pool Loungers Market?
In the pool lounger market, companies are focusing on developing stylish and functional products like chaise loungers for outdoor relaxation. These loungers are becoming a key feature of poolside areas, patios, and gardens. For instance, in March 2022, Ledge Lounger, a U.S.-based luxury outdoor furniture brand, introduced the Autograph Collection, which includes new chaise lounges with contemporary architectural designs. The new loungers provide enhanced lumbar support and ergonomic features for comfortable outdoor relaxation.
What Is The Leading Region In The Pool Loungers Market?
North America was the largest region in the pool loungers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pool loungers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
