World News: 09:35 GMT Thursday 6th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. The portable and inflatable swimming pool market is projected to register a CAGR of close to 13% by 2023.The latest trend gaining momentum in the market is the swimming being made mandatory for children. According to the report, one of the major drivers for this market is the increasing consumer preference for convenience, flexibility and portability. Further, the report states that one of the major factors hindering the growth of this market is the susceptibility to water leaks.Dense population concentration in urban cities have pushed up real estate prices over last decade, which has led to a substantial reduction in the availability of space to construct homes. This has compelled consumer to look for novel solutions, including the use of portable and inflatable swimming pools that are compact.
Portable and inflatable swimming pools are suitable for outdoor leisure activities; however, they are prone to puncture and air leaks. They are made of PVC, which although waterproof, can get easily punctured.
The market appears to be fragmented and with the presence of several companies including Blue Wave Products and JILONG, the competitive environment is quite intense. Factors such as the swimming being made mandatory for children and increasing consumer preference for convenience, flexibility, and portability, will provide considerable growth opportunities to portable and inflatable swimming pool manufactures.
Bestway Inflatables & Material Corp, Blue Wave Products, JILONG, Summer Escapes Swimming Pools, and Intex Recreation Corp are some of the major companies covered in this report.
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Related Topics: Sporting Goods and Equipment
Globe Newswire: 09:35 GMT Thursday 6th December 2018
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