The global market for the motorized pool tube market is estimated to be worth USD 817.6 million in 2021 and is anticipated to reach a value of USD 1,257.5 million by 2031. Sales are projected to rise at a CAGR of 4.4% over the forecast period between 2021 and 2031. The revenue generated by the motorized pool tube market in 2020 was USD 799.2 million. The industry is anticipated to exhibit a Y-o-Y growth of 2.3% in 2021.
Global Motorized Pool Tube Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 799.2 million |
| Estimated Size, 2021 (E) | USD 817.6 million |
| Projected Size, 2031 (F) | USD 1,257.5 million |
| Value-based CAGR (2021 to 2031) | 4.4% |
The target market is segmented under end-use, occupancy, and distribution channels. The market is further sub-categorized under these segments to provide a granular aspect which will benefit the businesses operating in the market to improve on their products, gain a competitive edge over other players, and grasp a major portion of the market, in parallel.
Motorized pool tubes are now on the rise more than ever before, especially among recreational activities that aim at making the use of the swimming pool more fun and exciting. These battery-operated or electrical tubes give the rider a relaxing time as they glide gently across pools or lazy rivers. This is because the increase in demand stems from customer’s desire for new and different accessories that make their pool experience more convenient and enjoyable.
The market growth is also associated with the backyard pools, installation of which has increased, and travelling behaviour known as staycation during which families spend money on toys for pools and other gadgets.
The competitive landscape of the motorized pool tube market is characterized by a mix of established players and emerging brands, each vying to capture a share of this growing segment. Key players in the market include Hammacher Schlemmer & Company Inc., Overstock.com Inc., and Company Mystery Gift, among others. Key companies compete on factors such as design innovation, material quality, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 440.0 million and is predicted to rise approximately 1.5 times the current market value through 2031.
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The increasing popularity of outdoor activities among children as well as millennials driving the market during the forecast period. People are more inclined towards motorized pool tubes because it is fun for people and easy to cruise through the water.
People all around the globe have always been excited to rejuvenate, relax, and enjoy a vacation in poolside areas. Because poolside is a perfect place to spend time with the loved ones at a less expanse. To make vacation memorable and full of entrainment people buy or rent motorized pool tubes.
For instance, PoolCandy launched a splash runner 2.5 motorized inflatable pool lounger, this tube is light in weight and seats are plush designed so people can comfortably relax. The propellers are fully covered behind a protective safety grill that is why it is fully safe. All such factors drive the market.
Furthermore, the increase in the number of travel bloggers and regional governments’ activities, that are promoting the famous lakes, rivers, pool resorts and picnic spots all over the world. They encourage people by promoting popular tourist destinations, regional markets, famous foods, and other leisure activities, such influencing factors, motivate people to plan their vacation at these places.
Motorized pool tubes are hugely popular among youth, also the rise in population index all around the globe is driving the sales of these pool tubes. Furthermore, increased disposable incomes and standards of living are positively impacting the motorized pool tube market growth.
Motorized pool tubes are used in the swimming pool, water park, river and lake. The material of this tube is versatile in nature. Also, many players molded this motorized pool tube into different shapes like ducks, dolphins, and many other to attract people.
However, the coronavirus pandemic has harmed the travel and tourist industry because several countries have closed their foreign borders with neighboring countries. As a result, sales of motorized pool tube is adversely affected. Apart from foreign tourists, local tourists are restricted from travelling to the domestic pool, water park and theme park that have hampered the sales of the pool tube in the market.
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The USA and Canada generate the highest revenue for the motorized pool tube market. Also, likely to experience the highest market growth rate during the forecast period. Furthermore, the trend of enjoying a vacation at a poolside is a prominent factor that fuels the tube market in the region.
Moreover, the presence of a large number of water parks and theme-based parks in the region increases the sale. Apart from this, the region is consist of a large number of pools in individual house and apartment where people like to prefer such motorized pool tubes.
The per-capita income of people in European countries is raising because of the spike in the number of dual-income households. The increase in income is resulting in rising recreational spending, that has directly impacted the demand for motorized pool tube.
The demand for motorized pool tubes has greatly increased because of the unique and advanced experience offered by them. Also, many players are using eco-friendly and safe manufacturing materials that are likely to boost the market in the region.
Furthermore, many leading players are focusing on a rising trend of mergers, acquisitions, partnerships and expansions. Many key players are trying to grow their sales by expanding their business portfolio by collaborating with e-commerce supply channels like Flipkart, e-bay, amazon and others.
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The motorized pool tube market is characterized by the presence of regional players offering a large variety of pool products including tubes. The key players follow various strategies, like offering valuable and cheap motorized pool tubes to suit customers need.
Some of the leading manufacturers of motorised pool tubes include Poolcandy and THE BEACH COMPANY among others. And some of the prominent suppliers of motorized pool tubes are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Motorized Pool Tube Market
