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The winter swimming pool covers market size is estimated to increase by USD 138.1 million and grow at a CAGR of 5.97% between 2023 and 2028. Market growth hinges on various factors, such as the rising proliferation of swimming pools, heightened emphasis on safety measures, and the expanding array of sports events. Nevertheless, the market confronts several challenges. These include limited product awareness in developing regions, fluctuations in raw material availability and pricing, and environmental hazards linked with plastics production. Despite the promising prospects afforded by the aforementioned growth drivers, addressing these challenges is pivotal for sustained market expansion. Increasing awareness, stabilizing raw material sourcing, and adopting eco-friendly production methods are imperative steps toward overcoming these hurdles and fostering a resilient market landscape.
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They are essential for maintaining the integrity and usability of various types of pools, including above ground pools, freeform pools, and infinity pools, especially in public pools. These covers not only ensure cleanliness by preventing debris accumulation but also contribute to energy conservation and maintenance efforts by minimizing water loss and enhancing heat retention. Additionally, bio-based pool covers offer an environmentally friendly option, aligning with the increasing focus on eco-efficiency in the tourism industry, particularly in hotels and vacation rentals. For those using pools for swimming for fitness or engaging in water sports, these covers provide a safe and comfortable environment. With their resistance to UV light and the need for fewer chemicals such as chlorine, winter swimming pool covers are crucial for ensuring the longevity and sustainability of swimming pool operations. Our researchers analyzed the data with 2022 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.
The increasing number of swimming pools is notably driving the market growth. In recent years, the number of swimming pools has been increasing worldwide owing to factors such as rising disposable income, rapid urbanization, and increasing tourism. For instance, there are 10.7 million swimming pools in the US, according to the Pool and Hot Tub Alliance. Out of these, 10.4 million are residential pools. One pool is available for approximately 31 citizens in the country. There are 130 million households in the US, and 8% of the population has swimming pools.
In Europe, the number of swimming pools has been growing steadily in recent years. For instance, in France, by the end of 2021, there were more than 3 million private swimming pools, according to the Federation of Swimming Pool and Spa Professionals (FPP). This number is likely to increase, which will fuel the demand for pool covers and other pool accessories. Manufacturers and retailers offering a range of high-quality and affordable pool covers can capitalize on this trend. Thus, the increasing number of swimming pools is expected to fuel the growth of the global winter swimming pool cover market during the forecast period.
The growing demand for bio-based pool covers is a key trend in the market. Bio-based pool covers are made from renewable and sustainable materials, including plant-based plastics and biodegradable materials. They are eco-friendly, as they are made from petroleum-based plastics. For instance, Heatsavr is a bio-based pool cover. Homeowners are becoming more aware of their environmental impact, which is increasing the demand for products that are made from sustainable materials, such as bio-based pool covers.
Bio-based pool covers also offer other advantages. For example, some of these pool covers are biodegradable and break down naturally over time without leaving behind harmful pollutants. This can help reduce waste and minimize the impact on the environment. Moreover, bio-based pool covers are more durable than traditional pool covers. Thus, with the rise in demand for eco-friendly products, the market is expected to grow further during the forecast period.
Environmental hazards associated with plastic production may impede market growth. Swimming pool covers are made from polymers such as polyethylene, polypropylene, or vinyl. Over the last 60 years, plastic has become an important and adaptable material. It has a wide range of characteristics and applications. Initially, plastic was considered harmless and inert. However, due to several years of disposal of plastic in landfills and as garbage, various environment-related issues have occurred.
Plastic waste pollution is considered a significant environmental burden, especially for the aquatic environment. Prolonged biophysical breakdown of plastics, widespread adverse effects on aquatic life, and few options for plastic removal are some of the main environmental issues. Thus, the disposal of plastic and its impact on land and water pollution can challenge the growth of the global market during the forecast period.
The 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.
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.
Blue Wave Products Inc. - The company offers winter swimming pool covers, such as 8-Year Above Ground Pool Winter Cover, and 20-Year Above Ground Pool Winter Cover.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 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.
This market report extensively covers market segmentation by application (residential and commercial), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the residential segment will be significant during the forecast period. Apartments and high-rise residential buildings are the main users in this segment. Countries in Europe, such as the US, the UK, and France, are the revenue major revenue contributors. This is because swimming pools in these countries require covers to maintain temperature. Increasing standards of living and per capita incomes of people are expected to fuel the demand during the forecast period.
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The residential segment was valued at USD 232.80 million in 2018 and continued to grow until 2022. The increasing demand from countries such as China, Australia, Japan, and India is increasing. This is because the number of high-rise residential buildings is increasing in APAC. These developments are expected to drive the growth of the residential segment during the forecast period.
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North America is estimated to contribute 53% 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.
In North America, the US is the major user. The growth of the market in the region is attributed to factors such as efforts to eliminate energy costs, the need to maintain water temperature, the growing number of swimming pools, and the increasing number of sports events. For instance, according to Pool and Hot Tub Alliance, more than 10.5 million pools are present in the US. Hectic lifestyles, unhealthy eating habits, and a rise in the prevalence of obesity are fueling the demand for fitness activities such as swimming. Maintaining ambient temperature is important for swimming pool owners. Hence, the demand is expected to grow in North America during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
They play a crucial role in energy conservation and maintenance of above ground pools, freeform pools, and infinity pools during colder months. They effectively prevent water loss, enhance heat retention, and minimize algae growth. Bio-based pool covers offer an eco-friendly alternative, aligning with eco-efficiency trends in the tourism industry, particularly in hotels and vacation rentals. These covers, along with solar pool covers, cater to the rising demand for sustainable solutions. UV light and chlorine resistance ensure longevity, addressing cleanliness concerns. Safety covers provide protection for children and pets, promoting peace of mind. Wholesale pool distributors play a pivotal role in the supply chain management of these covers, emphasizing lean manufacturing principles and maintaining high consumer brand standards. Industry leaders leverage data analytics for professional development and strategic consulting services, positioning themselves in the value chain and company evaluation quadrant.
In the realm of public pool management, bio based pool covers are gaining traction for their environmentally friendly properties, aligning with the growing emphasis on eco efficiency. These covers not only contribute to energy conservation but also help maintain water quality by minimizing the need for chemicals. Filters play a crucial role in this process, ensuring the removal of impurities for a safe swimming environment, especially important for those engaging in swimming for fitness or participating in water sports. During colder months, winter pool covers aid in heat retention and prevent debris accumulation, enhancing the overall efficiency of pool operations. Additionally, pool liners and Air bubbles provide structural integrity, while solar swimming pool cover utilizes heat absorption and UV rays resistance to extend swimming seasons sustainably. These innovations reflect current industry trends, catering to the diverse needs of public pools, leisure centers, and water enthusiasts alike.
Market Scope | |
Report Coverage | Details |
Page number | 155 |
Base year | 2023 |
Historic period | 2018 - 2022 |
Forecast period | 2024-2028 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.97% |
Market growth 2024-2028 | USD 138.1 million |
Market structure | Fragmented |
YoY growth 2023-2024(%) | 5.28 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 52% |
Key countries | US, France, Spain, Germany, and Canada |
Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled | Aqua Lines d.o.o., Blue Wave Products Inc., BWT Holding GmbH, CF Group France DEL SAS, Elite Pools Spas and Hardscapes, Favaretti srl, FLUIDRA SA, GEMAS AS, grando GmbH, Latham Pool Products Inc., Lux pools, Meyco Products Inc., Ocea Automatic Pool Covers, Paramount Pools Ltd., Pool Mate, Robelle Industries Inc., Skordis Hydrodynamics Ltd., SPQ Brands, Swimline, and Technics and Applications |
Market dynamics | Parent market analysis, Market forecasting, Market forecast, 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 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 Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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