Enjoy complimentary customisation on priority with our Enterprise License!
The swimming pool market size is estimated to grow at a CAGR of 4.39% between 2022 and 2027. The market size is forecast to increase by USD 6.73 billion. The growth of the market depends on several factors such as the increasing demand for luxurious lifestyles, the growing consumer interest in recreational water activities, and the growing popularity of saltwater pools.
This swimming pool market report extensively covers market segmentation by revenue (construction and equipment), end-user (residential and commercial), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the swimming pool market growth is the growing popularity of saltwater pools. There is an increasing preference for saltwater pools among people due to their reduced reliance on harsh chemical additives. As a result, it offers a more comfortable and enjoyable swimming experience due to the milder water that is gentler on the skin, eyes, and swimwear. Additionally, the main advantage of salt chlorinators help to maintain a consistent chlorine level automatically, which minimizes the requirement for frequent manual testing and chemical adjustments.
Therefore, such pools have less hands-on maintenance and fewer fluctuations in water quality. which is fuelling its adoption in the market. Even though the salt chlorination system has a high initial investment, it is compensated by long-term cost savings. Hence, such factors are positively impacting the market which in turn will drive the market during the forecast period.
A key factor shaping the swimming pool market growth is the high growth in the tourism industry. There is an increasing focus by tourist destinations such as resorts, hotels, and vacation properties on providing top-notch amenities to attract travelers seeking relaxation and entertainment. Swimming pools, both indoor and outdoor, have become an essential feature of these accommodations, significantly contributing to the overall guest experience.
Moreover, there is a growing popularity of wellness tourism in the market which is fuelling the demand for swimming pools. Furthermore, several travelers are constantly seeking destinations that offer opportunities for rejuvenation, exercise, and relaxation which has encouraged hotels and resorts to heavily invest in expansive spa complexes that often include swimming pools as a primary component. Hence, such factors are expected to drive market growth during the forecast period.
High installation and maintenance costs of swimming pools are one of the key challenges hindering the swimming pool market growth. There is a high cost associated with the installation and maintenance costs of a swimming pool. Some of the costs associated with swimming pools include regularly changing the water, cleaning the filters, and power consumption by motor pumps. Additionally, the skilled and trained individuals needed to operate swimming pool equipment is another significant cost factor.
Moreover, there is an increasing scarcity of water resources in several countries such as Yemen, Libya, and Jordan due to the ecological balance. Therefore, in such countries, the cost of water is extremely high. Therefore, the existing financial weakness and the high initial costs can negatively impact the market which in turn will hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Swimming Pool Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
FLUIDRA SA: The company offers swimming pool products such as TB mid-performance, SF high-performance, GP 11, and vertical pumps AV4.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The construction segment is estimated to witness significant growth during the forecast period. The construction segment comprises the planning, design, and physical construction of different types of swimming pools, catering to both residential and commercial customers. Several homeowners in the residential sector are constantly seeking to improve their property value and lifestyle by incorporating personalized swimming pool designs into their outdoor spaces.
Get a glance at the market contribution of various segments View the PDF Sample
The construction segment was the largest segment and was valued at USD 17.28 billion in 2017. The construction in the residential sector comprises collaborating with homeowners to bring their visions to life, including everything from size and shape preferences to water features, lighting, and landscaping. On the other hand, construction in the commercial sector is fuelled by the demand for swimming pools in the hospitality, leisure, and wellness industries. The construction of a commercial pool encompasses meticulous planning to ensure safety compliance, durability, and adherence to brand aesthetics. Furthermore, there is an increase in demand for cutting-edge designs that offer not only entertainment but also unique experiences for visitors across water parks, theme parks, and public swimming complexes. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the global swimming pool market in North America is the increasing demand from the residential sector. The demand for residential swimming pools is driven by several factors including the desire for private recreational spaces, increased disposable income, and the preference for at-home leisure activities. Additionally, there is an increasing investment by several homeowners in the region in a variety of pool types, such as in-ground, above-ground, and semi-ground pools, to create personalized outdoor retreats. Hence, such factors are expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global swimming pool market witnessed a significant slowdown due to a decline in consumer spending and a halt in various industries, including tourism and hospitality in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of outdoor and leisure activities. Such factors are expected to drive the market during the forecast period.
The swimming pool market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Swimming Pool Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
162 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
|
Market growth 2023-2027 |
USD 6.73 billion |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.03 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 48% |
|
Key countries |
US, Canada, Australia, France, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Confer Plastics Inc., FLUIDRA SA, Guangdong LASWIM Water Environment Equipment Co.Ltd., H.C. Harrington Co.Inc., Hayward Holdings Inc., Masco Corp., Pentair Plc, Pleatco LLC, Pool Tool Co., Readymade Pool, Rheem Manufacturing Co., SwimEx Ltd., Swimline, The Specialty Mfg. Co., Therm Products division of HydroQuip inc., Val-Pak Products, Valterra Products LLC, Waterco, Finish Thompson Inc., and Jumpking International LLP |
|
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, and Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Revenue
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
