Adventure tourism, Indoor water parks, & water leisure activities to boost the global inflated leisure products market.
Arizton’s recent market research report on the inflated leisure products market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by product type (above-ground pools & spas, recreational products, camping, and sporting products), by category (inflated water products and other inflated outdoor products), by distribution channel (sports variety stores, supermarkets & hypermarkets, branded channels, online channels, and other), by geography (North America, APAC, Europe, and ROW), and offers detailed competitive analysis.
The global outdoor inflated leisure products market is estimated to generate revenues of around $7 billion by 2023, growing at a CAGR of more than 12% during 2017-2023.
The booming outdoor sports market, growing camping market, increased demand for beach tourism, and rapid urbanization are some of the major factors attributing to the growth of the global market. The increasing number of quality facilitation and locations for water leisure activities will boost the demand in the global inflated leisure products market.
The top 3 drivers and trends propelling the development of the inflated leisure products market are discussed below:
Increased demand for adventurous and outdoor sports
The rising demand for adventure sports among millennials and generation Y is contributing to the growing demand in the inflated leisure product market. The increasing awareness will result in the surge in demand for water sports like rafting, boating, kayaking, and other inflated swim gears like water slides, tubes, floats, and related products. The increasing availability of cheap travel airlines, especially LCCs and growth in adventure tourism will create lucrative opportunities for leading vendors operating in the inflated leisure products market. Countries such as France, Germany, Spain, and Iceland are the most preferred adventure tourism destinations for the international tourists. Consumers are looking for vacation or leisure time that consists of fun and excitement. These activities are designed to boost the adrenaline and give consumers excitement so that they stand out from the crowd. The advent of social media communities will help people meet and go on trips to enjoy their favorite adventure sports. Such upcoming trends will revolutionize the inflated leisure products market.
Increased Popularity of Water-based Destinations for Recreation and Leisure Activities
The growing popularity of tourist beach destinations and surge in tourism activities are contributing to the revenues in the global inflated leisure product market. The increasing stability of the economy and increasing disposable income is encouraging consumers to spend on traveling and exploring new destinations. The growing popularity of water-based destinations will boost the demand for leisure products like tubes, boats, floating island, rafts, and kayaks in the inflated leisure products market. In western countries picnicking beside creeks, rivers, and lakes or short excursions to lake areas, thermal springs, and the seaside has always one of the leisure activities adopted by people. The global market is witnessing the trend of indoor water parks, which in turn, will boost the demand for innovative products in the global market. The increasing focus on relaxation and quality time with family is propelling demand for floating islands, rafts, water floats, and other swim gears in the global inflated leisure products market.
Rising Trend of Convenience, Flexibility, and Portability
The fast-paced and hectic lifestyle of consumers is increasing the preference of convenient, flexible, and portable products in the inflated leisure products market. The rapid changes in lifestyles will propel the demand for portable spas, air beds, air furniture, and related inflated products in the global market. The rising in the number of people going for trekking and camping activities will encourage the vendors to launch a wide variety of outdoor products in the global market. The ease to carry, affordability, flexibility, and convenience of use are some of the benefits offered by the products available in the market. The high inclinations towards individual pools will transform the inflated leisure products market. The inflated pools and spas offer people the choice of size, material, and portability. The flexibility of these products will draw a large of numbers to purchase these items in the inflated leisure products market during the forecast period.
The leading vendors in the inflated leisure products market are Bestway, Intex, Coleman Company and Airquee.
The complete overview of the latest market research report on inflated leisure products market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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