Swimming Pool Cover Market Size to grow by USD 534.1 million from 2022 to 2027, Increasing number of swimming pools to boost the market growth

NEW YORK, June 5, 2023 /PRNewswire/ -- The global swimming pool cover market size is estimated to increase by USD 534.1 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.4% during the forecast period. The increasing number of swimming pools is a major driving factor for the growth of the global swimming pool cover market. Rising disposable income, urbanization, and increasing numbers of tourists are all factors contributing to the growth of the swimming pool market. For instance, in the US, there are 10.7 million swimming pools, according to the industry association Pool and Hot Tub Alliance. Residential pools make up 10.4 million of the total, while public pools number 309,000. Thus, it is estimated that approximately one pool is available for every 31 citizens of the nation in total. In turn, the increasing number of swimming pools is likely to drive demand for pool covers and other pool accessories as pool owners seek to improve the safety, energy efficiency, and overall functionality of their pools. Hence, such rising demand for swimming pools is likely to drive the demand for the swimming pool cover market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Swimming pool cover market – Vendor AnalysisVendor Landscape - The global swimming pool cover market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer swimming pool cover in the market are Aditya Weldtech, Ananya Creations Ltd., Aquamatic Cover Systems Inc., Blue Wave Products Inc., C4G Automation Pvt. Ltd., Intex Recreation Corp., Latham Pool Products Inc., LIDERPOOL, Loop-Loc, Meyco Products Inc., Novatech Enviro Systems Pvt Ltd., Plastipack Ltd., Polco, Pool Mate, Potent Water Care Pvt. Ltd., Rollo Solar MELICHAR GmbH, RS POOLS, SPQ Brands, Swimline, and Technics and Applications and others.

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Vendor Offerings -

Aquamatic Cover Systems Inc. - The company offers swimming pool cover such as EZ manual safety cover.

Blue Wave Products Inc. - The company offers swimming pool cover such as leaf net-in ground pool cover.

C4G Automation Pvt. Ltd. - The company offers swimming pool cover such as motorized swimming pool enclosures.

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Swimming Pool Cover Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on type (solar pool covers, thermal pool covers, winter pool covers, automated pool covers, and hidden pool covers), application (outdoor and indoor), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The market share growth by the solar pool covers segment will be significant for overall market growth during the forecast period. They are a type of pool cover that is designed to absorb and retain heat from the sun, helping to warm the pool water and reduce energy costs. These pool covers are typically made of a lightweight, bubble-like material that floats on the surface of the water and is available in a variety of sizes and shapes to fit different pool sizes and shapes. The solar pool covers are also easy to install and remove and can be cut to fit the exact size and shape of the pool, and most solar covers last for up to three years. However, a major drawback of solar covers is that they are not as durable as other types of pool covers and may need to be replaced more frequently. Hence, such factors drive segment growth for solar pool covers during the forecast period.

Geography OverviewBy geography, the global swimming pool cover market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global swimming pool cover market.

North America is estimated to account for 47% of the global market growth during the forecast period. Along with high-rise apartments, several individual houses have swimming pools. For instance, there are around 130 million households in the United States, and an estimated 8% of homes have a swimming pool. This is the result of the presence of developed infrastructure in the region. Furthermore, North America was the largest region of the global swimming pool cover market in 2022 and would continue to be the largest segment of the market during the forecast period. Hence, the growing number of swimming pools in the region is driving the demand for swimming pool cover in the region.

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Swimming Pool Cover Market – Market Dynamics

Key Trends -

The growing use of smart pool covers is an emerging trend in the global swimming pool cover market growth.

Smart pool covers are designed to integrate with smart home technology, which allows homeowners to control their pool covers via a mobile app or voice commands.

Smart pool covers can automatically adjust the cover to maintain the desired pool temperature, reducing the need for energy-intensive heating and cooling systems by using sensors to monitor temperature and weather conditions.

Furthermore, some smart pool covers even come with alarms that sound if the cover is tampered with or removed.

Hence, as more homeowners adopt smart home technologies, the demand for smart pool covers is expected to grow, which, in turn, will drive the growth of the global swimming pool cover market during the forecast period.

Major challenges -

Compatibility with pool design is a major challenge hindering the growth of the global swimming pool cover market.

As different pool designs and shapes require different types of pool covers, not all pool covers are suitable for all pool designs.

For instance, a rectangular pool may suit a sturdy automatic pool cover, while a free-form pool may require a more flexible or custom-made pool cover. Similarly, in some cases, it may be necessary to modify or adjust the pool cover to suit your pool design.

Manufacturers and retailers must provide guidance and support to customers on how to modify or adapt their pool covers to fit their pool design to address this issue. However, addressing compatibility with pool design requires a deep understanding of the different types of pool designs and the unique needs of each customer.

Hence, compatibility with pool design can become a major challenge for the growth of the global swimming pool cover market during the forecast period.

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What are the key data covered in this Swimming Pool Cover Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the swimming pool cover market between 2023 and 2027

Precise estimation of the size of the swimming pool cover market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the swimming pool cover market across North America, Europe, APAC, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of swimming pool cover market vendors

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Swimming Pool Cover Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2023-2027

USD 534.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.03

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key countries

US, Canada, France, Spain, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aditya Weldtech, Ananya Creations Ltd., Aquamatic Cover Systems Inc., Blue Wave Products Inc., C4G Automation Pvt. Ltd., Intex Recreation Corp., Latham Pool Products Inc., LIDERPOOL, Loop-Loc, Meyco Products Inc., Novatech Enviro Systems Pvt Ltd., Plastipack Ltd., Polco, Pool Mate, Potent Water Care Pvt. Ltd., Rollo Solar MELICHAR GmbH, RS POOLS, 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, 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.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global swimming pool cover market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Application Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Solar pool covers - Market size and forecast 2022-2027

6.4 Thermal pool covers - Market size and forecast 2022-2027

6.5 Winter pool covers - Market size and forecast 2022-2027

6.6 Automated pool covers - Market size and forecast 2022-2027

6.7 Hidden pool covers - Market size and forecast 2022-2027

6.8 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments

7.2 Comparison by Application

7.3 Outdoor - Market size and forecast 2022-2027

7.4 Indoor - Market size and forecast 2022-2027

7.5 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 France - Market size and forecast 2022-2027

9.10 Spain - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Canada - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Aquamatic Cover Systems Inc.

12.4 Blue Wave Products Inc.

12.5 C4G Automation Pvt. Ltd.

12.6 Intex Recreation Corp.

12.7 Latham Pool Products Inc.

12.8 LIDERPOOL

12.9 Loop-Loc

12.10 Meyco Products Inc.

12.11 Plastipack Ltd.

12.12 Polco

12.13 Pool Mate

12.14 Rollo Solar MELICHAR GmbH

12.15 RS POOLS

12.16 SPQ Brands

12.17 Swimline

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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