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The winter swimming pool covers market size is estimated to grow at a CAGR of 5.16% between 2022 and 2027. The market size is forecast to increase by USD 112.21 million. The growth of the market depends on several factors, including the increasing number of swimming pools, the growing focus on safety, and the growing number of sports events.
This winter swimming pool covers 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.
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The increasing number of swimming pools is notably driving the market growth, although factors such as environmental hazards associated with plastic production may impede the market growth. 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 winter swimming pool covers 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.
Global Winter Swimming Pool Covers Market Customer Landscape
Vendors 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 vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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 of winter swimming pool covers 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 for winter swimming pool covers during the forecast period.
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The residential segment was valued at USD 222.60 million in 2017 and continued to grow until 2021. The increasing demand for winter swimming pool covers 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 of winter swimming pool covers. 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 for winter swimming pool covers is expected to grow in North America during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In early 2020, the outbreak of COVID-19 severely affected the growth of the winter swimming pool covers market in North America, especially in the US, due to nationwide lockdowns. However, in early 2021, following the initiation of large-scale COVID-19 vaccination drives, the number of COVID-19 cases was reduced, and lockdowns were lifted. This led to the reopening of factories, industries, and manufacturing units. Moreover, upcoming sports events such as the State Games of America in 2024 and the rise in the adoption of fitness activities are likely to increase the demand for winter swimming pool covers during the forecast period. This, in turn, will propel the growth of the regional winter swimming pool covers the market in the region during this period.
The winter swimming pool covers market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the winter swimming pool covers market as a part of the global housewares and specialties market within the global household durables market. The parent market, the global housewares and specialties market, covers various product categories, including cookware, bakeware, tableware, kitchen electrics, and kitchen tools and accessories. Technavio calculates the global household durables market size based on the combined revenues generated by manufacturers of household durables, including consumer electronics, homebuilding, household appliances, houseware and specialties, and leisure products. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Winter Swimming Pool Covers Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.16% |
Market growth 2023-2027 |
USD 112.21 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.79 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 53% |
Key countries |
US, Canada, France, Spain, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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. Get in touch
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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