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The swimming pool cover market size is estimated to grow at a CAGR of 4% between 2023 and 2028. The market size is forecast to increase by USD 361.2 million. The growth of the market depends on several factors such as the increasing number of above ground swimming pools, growing demand for the aesthetic appeal of swimming pools and growing focus on safety.
The report includes a comprehensive outlook on the swimming pool cover market offering forecasts for the industry segmented by Application, which comprises outdoor and indoor. Additionally, it categorizes Types into solar pool covers, thermal pool covers, winter pool covers, automated pool covers and hidden pool covers and includes Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for the aesthetic appeal of swimming pools is notably driving the market growth. Aesthetic appeal is an important driver for the pool cover market as more homeowners seek to create attractive outdoor living spaces. Pool covers can improve the appearance of a pool area by covering unsightly pool equipment, preventing leaves and debris from accumulating in the pool, and creating a seamless transition between the pool area and the surrounding landscape. Manufacturers are responding to this trend by offering pool covers in a wide range of colours, materials, and designs.
In addition to their visual appeal, pool covers can also contribute to the overall ambiance of outdoor living spaces. For example, a retractable pool cover can create a luxurious and spa-like atmosphere, while a solid pool cover can create a more secluded and private setting. Thus, the growing demand for aesthetic appeal is one of the major drivers, which is expected to drive the growth of the market during the forecast period.
The growing use of smart pool covers is an emerging trend shaping market growth. Smart pool covers are a new trend in the global swimming pool cover market. Smart pool covers can be programmed to automatically open and close based on temperature or weather conditions, making it easy for homeowners to manage their pool without having to manually adjust the cover. There are a few key vendors operating in the market that offer smart pool covers, such as automated covers. Another benefit of smart pool covers is that they can help improve energy efficiency. By using sensors to monitor temperature and weather conditions, smart pool covers can automatically adjust the cover to maintain the desired pool temperature, reducing the need for energy-intensive heating and cooling systems.
Additionally, some smart pool covers even come with alarms that sound if the cover is tampered with or removed. Thus, as more homeowners are adopting smart home technologies, the demand for smart pool covers is expected to grow, which in turn will drive the growth of the swimming pool cover market during the forecast period.
Complicated pool designs hindering compatibility is a significant challenge hindering the market growth. In the global swimming pool cover market, one of the key challenges faced by manufacturers and suppliers is the difficulty in maintaining compatibility owing to different pool designs. This issue arises due to the wide variety of pool shapes, sizes, and configurations that exist worldwide. Rectangular, oval, kidney-shaped, and freeform forms are among the shapes of swimming pools. The job of creating a pool cover that fits precisely is further complicated by the fact that pools can vary in size and depth. The difficulty is in designing pool covers that have the best possible functionality, safety, energy economy, and user-friendliness while maintaining an eye-catching aesthetic. The method by which the pool cover is attached is another compatibility factor.
Moreover, pool cover compatibility is also influenced by climate. Pool coverings with certain qualities are needed in areas with strong winds, a lot of snow, or intense UV radiation. Another level of complication arises from the need to engineer a cover that is both weatherproof and appropriate for various climates. Thus, compatibility with pool designs will become a major challenge for the growth of the swimming pool cover market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Swimming Pool Cover Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aquamatic Cover Systems Inc. - The company offers swimming pool covers such as tunnel covers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The outdoor segment is estimated to witness significant growth during the forecast period. Outdoor swimming pools are popular features in residential, commercial, and public spaces worldwide. They are typically designed to provide a recreational and leisure space for people to cool off, exercise, or socialize. Outdoor swimming pools are available in various shapes, sizes, and styles, ranging from traditional rectangular or oval-shaped pools to more modern designs with irregular shapes, infinity edges, or water features
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The outdoor segment was the largest and was valued at USD 976.57 million in 2018. The demand for outdoor swimming pools is growing significantly globally due to their recreational benefits. Outdoor swimming pools offer several health benefits, including improved cardiovascular health, weight loss, and stress relief. Additionally, outdoor swimming pool covers can help to reduce the amount of energy needed to heat the pool by reducing the amount of heat loss through evaporation. This can result in significant cost savings on energy bills. Thus, such wide benefits of an outdoor swimming pool cover will increase its adoption in outdoor swimming pools, which in turn will drive the growth of the outdoor segment in the swimming pool cover market during the forecast period.
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North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America was the largest region of the swimming pool cover market in 2022 and would continue to be the largest segment of the market during the forecast period. This is because of the presence of developed infrastructure in the region. Apart from high-rise apartments, several individual houses have swimming pools. For instance, there are around 130 million households in the US, and an estimated 8% of homes have a swimming pool. Thus, the growing number of swimming pools in the region is driving the demand for swimming pool cover in the region. Additionally, according to the Centers for Disease Control and Prevention (CDC), swimming is the fourth most popular recreational sport in the US, after walking, running, and cycling.
In addition, hectic lifestyles, unhealthy eating habits, and a rise in the prevalence of obesity in countries in the region, such as the US, are contributing to the growth in demand for fitness activities like swimming. Thus, the growing popularity of swimming in the region is expected to drive the demand for different swimming pool-related accessories, including pool covers, which, in turn, will boost the growth of the swimming pool cover market in North America during the forecast period.
The swimming pool cover market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Swimming Pool Cover Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market Growth 2024-2028 |
USD 361.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.19 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 45% |
Key countries |
US, Canada, France, Spain, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aquamatic Cover Systems Inc., Blue Wave Products Inc., C4G Automation Pvt. Ltd., Latham Pool Products Inc., LIDERPOOL, Loop-Loc, Meyco Products Inc., Plastipack Ltd., Polco, Pool Mate, Potent Water Care Pvt. Ltd., Rollo Solar MELICHAR GmbH, RS POOLS, SPQ Brands, Swimline, Technics and Applications, Aditya Weldtech, Ananya Creations Ltd., Intex Recreation Corp., and Novatech Enviro Systems Pvt Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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