Global Pool Loungers Market Top Major Players 2024, Forecast To 2033
10 Oct, 2024
The pool loungers market size has seen substantial growth in recent years, rising from $3.28 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. This historic growth can be attributed to the expansion of e-commerce, the rising popularity of staycations, climate change awareness, an increasing number of residential swimming pools, and rising construction activities. The market is expected to maintain strong growth, projected to reach $4.36 billion in 2028 with a CAGR of 5.9%. This anticipated growth is driven by rising disposable income, the growing popularity of outdoor living spaces, the expansion of urban areas, lifestyle changes, tourism industry growth, and increasing awareness of the benefits of relaxation and leisure time. Major trends in the forecast period include the introduction of ergonomically designed and multifunctional loungers, the use of weather-resistant and durable materials, a strong preference for established brands, a demand for sustainable and recyclable loungers, and collaborations between manufacturers and retail chains.
Major Driver In The Pool Loungers Market
The expansion of the hospitality industry is anticipated to significantly propel the growth of the pool lounger market moving forward. The hospitality industry includes businesses that provide lodging, food, beverages, entertainment, and various services to guests and travelers, enhancing their comfort and enjoyment. The hospitality sector is witnessing growth due to rising global travel, increasing disposable incomes, and a growing consumer preference for personalized experiences and convenience. Pool loungers are essential in the hospitality industry, as they enhance guest comfort and relaxation around pools, serving as a desirable amenity that fosters a positive guest experience and encourages longer stays and repeat visits. For instance, in May 2023, a report by the American Hotel and Lodging Association, a US-based trade group, revealed that total business sales supported by hotels reached $1.5 trillion in 2022, reflecting a significant 29.9% increase from 2021 and a 7.6% rise above pre-pandemic levels recorded in 2019. The pool lounger market was valued at approximately $1.2 billion in 2023, is projected to grow to around $1.3 billion in 2024, and is expected to increase further to an estimated $1.8 billion by 2028. Therefore, the expansion of the hospitality industry is driving the growth of the pool lounger market through 2023, continuing into 2024, and anticipated to expand further by 2028.
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Major companies operating in the pool loungers market are Pottery Barn, Frontgate, Grosfillex Inc., Brown Jordan Inc., Tropitone Furniture Company Inc., Janus et Cie, Kettler Inc., Telescope Casual Furniture Inc., SR Smith LLC, Homecrest Outdoor Living, Gloster Furniture, O.W. Lee, Woodard Furniture Ltd., Windward Design Group, Ledge Lounger LLC, Skyline Design, Dedon GmbH, Suncoast Furniture, Ebel Inc., Barlow Tyrie Ltd., AquaBlu Mosaics, Gensun, Hanamint Corp., Nardi Spa, Resort Contract Furnishings, Royal Botania Inc., Tenjam Inc.
Key Pool Loungers Market Trend
Major companies in the pool lounger market are innovating products like chaise loungers, aiming to create items that are both functional and stylish additions to outdoor spaces. Chaise loungers are elongated chairs designed for reclining and relaxation, typically placed in outdoor environments such as poolside areas, patios, and gardens. For example, in March 2022, Ledge Lounger, a U.S.-based luxury outdoor furniture designer, introduced the Autograph Collection of outdoor living furniture. This collection features a wide array of new chaise lounges, chairs, headrest pillows, and side tables, all reflecting a sophisticated, contemporary take on in-pool and outdoor living furniture. A notable aspect of the Autograph chaise is its striking architectural design, crafted to enhance the aesthetic appeal of any outdoor setting. This chaise is particularly suitable for tanning ledges with water depths of up to 12 inches, and it boasts improved ergonomics and increased lumbar support for a more comfortable outdoor relaxation experience.
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Global Pool Loungers Market Segmentation
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
By Geography:The regions covered in the pool loungers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Pool Loungers Global Market Report 2024 furnishes information about the global pool loungers market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.