Press release
Pool Loungers Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033
Pool Loungers Market
The new report published by The Business Research Company, titled Pool Loungers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the pool loungers market size has grown strongly in recent years. It will grow from $3.28 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. 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%.
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What Is Driving The Growth Of The Global Pool Loungers Market?
Impact Of Hospitality Industry Growth On The Pool Lounger Market
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, thereby 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. Therefore, the expansion of the hospitality industry is driving the growth of the pool lounger market.
What Is The Key Trend In The Global Pool Loungers Market?
Innovative Chaise Loungers Transforming The Pool Loungers Market
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.
How Is The Global Pool Loungers Market Segmented?
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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How Is The Competitive Landscape Of The Global Pool Loungers Market?
Major companies operating in the pool loungers 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.
Contents Of The Global Pool Loungers Market
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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