The pool loungers market size is expected to see strong growth in the next few years. It will grow to $4.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising disposable income, growing popularity of outdoor living spaces, expansion of urban areas and lifestyle changes, tourism industry growth, growing awareness of the benefits of relaxation and leisure time. Major trends in the forecast period include introduction of ergonomically designed and multifunctional loungers, use of weather-resistant and durable materials, strong preference for established brands, demand for sustainable and recyclable loungers, collaborations between manufacturers and retail chains.
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Scope Of Pool Loungers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pool Loungers Market Overview
Market Drivers –
The expansion of the hospitality industry is expected to propel the growth of the pool lounger market going forward. The hospitality industry encompasses businesses involved in providing lodging, food, beverages, entertainment, and other services to guests and travelers for their comfort and enjoyment. The hospitality industry is rising due to increasing global travel, rising disposable incomes, and a growing preference for personalized experiences and convenience among consumers. Pool loungers are required in the hospitality industry to enhance guest comfort and relaxation around pools, providing a desirable amenity that contributes to a positive guest experience and encourages longer stays and repeat visits. For instance, in May 2023, according to a report published by the American Hotel and Lodging Association, a US-based trade group, total business sales supported by hotels reached $1.5 trillion in 2022, marking a significant 29.9% increase compared to 2021. This figure also reflects a 7.6% rise above pre-pandemic levels recorded in 2019. The pool lounger market was valued at approximately $1.2 billion in 2023 and is projected to reach around $1.3 billion in 2024, further increasing to an estimated $1.8 billion by 2028. Therefore, the expansion of the hospitality industry is driving the growth of the pool lounger market.
Market Trends –
Major companies operating in the pool lounger market are developing innovative products, such as chaise loungers, to make them not only functional but also a stylish addition to outdoor spaces. Chaise loungers are elongated chairs designed for reclining and relaxation, typically used in outdoor settings such as poolside areas, patios, and gardens. For instance, in March 2022, Ledge Lounger, a US-based luxury outdoor furniture designer, launched the Autograph Collection of outdoor living furniture. The Ledge Lounger Autograph collection offers a comprehensive range of new chaise lounges, chairs, headrest pillows, and side tables, all showcasing a sophisticated, contemporary reimagining of in-pool and outdoor living furniture. A standout feature of the Autograph chaise is its striking architectural silhouette, designed to enhance the aesthetic of any outdoor space. This chaise is ideal for tanning ledges with up to 12 inches of water and boasts improved raised ergonomics and increased lumbar support, ensuring comfortable relaxation in an outdoor environment.
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
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Regional Insights –
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.
Key Companies –
Major companies in the 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.
Table of Contents
1. Executive Summary
2. Pool Loungers Market Report Structure
3. Pool Loungers Market Trends And Strategies
4. Pool Loungers Market – Macro Economic Scenario
5. Pool Loungers Market Size And Growth
………
27. Pool Loungers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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