Swimming Pool Market by Revenue Source and Geography - Forecast and Analysis 2020-2024

  • Published: Jun 2020
  • Pages: 120
  • SKU: IRTNTR43962
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The swimming pool market share is expected to increase by USD 3.56 bn from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 2.29%.

This swimming pool market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by revenue source (construction and equipment) and geography (North America, Europe, APAC, South America, and MEA). The swimming pool market report also offers information on several market vendors, including Finish Thompson Inc., FLUIDRA S.A., Hayward Industries Inc., H.C. Harrington Co.Inc., Intex Corp., Guangdong LASWIM Water Environment Equipment Co.Ltd., Pentair Plc, Pool Corp. Inc., Swimline, and Waterco Group among others.

What will the Swimming Pool Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Swimming Pool Market Size for the Forecast Period and Other Important Statistics

 

Swimming Pool Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. Large-scale urbanization is notably driving the swimming pool market growth, although factors such as high installation and maintenance costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the swimming pool market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Swimming Pool Market by Key Driver

One of the key factors driving growth in the swimming pool market is large-scale urbanization. It was estimated that, as of 2019, 55% of the world's population resides in urban areas, which is likely to increase to more than 62% by 2021. Around 90% of the global urban population is from APAC and Africa. The large-scale global urbanization has resulted in a significant rise in demand for high-quality infrastructures like urban residential developments and commercial spaces, such as shopping malls. In developing economies, such as Asian and African nations, the construction market is focusing on the development of new residential infrastructures like high-rise residential buildings. With the rise in urbanization, there will be an increased demand for residential infrastructures. This is expected to support the growth of the swimming pool market.

Swimming Pool Market Key Trend

The high growth in the tourism industry is another major factor supporting the swimming pool market share growth. Since 2018, the number of international tourist arrivals has increased by an average of 4% every year. The global tourism market experienced high growth, which contributed significantly to the global hospitality industry. Despite the occasional impact experienced worldwide in terms of the economic slowdown, lack of health and wellness, and political issues, the tourism market has continued to have uninterrupted growth. The industry is likely to see a rise in the number of trips and travelers worldwide, which is likely to increase the need for accommodation. To attract customers, hotels have started installing swimming pools to increase the aesthetic appeal of hotels. This will likely support the growth of the swimming pool market during the forecast period.

Swimming Pool Market Key Challenge

The high installation and maintenance costs will be a major challenge for the swimming pool market. It is expensive to own a swimming pool because of the costs associated with regularly changing the water, cleaning the filters, and power consumption by motor pumps. Moreover, many countries face water scarcity because of the worsening of the ecological balance. In countries like Yemen, Libya, and Jordan that have the highest water scarcity, the cost of water is extremely high. Therefore, with the already existing financial weakness, the high initial costs act as a barrier to the growth of swimming pools in most developing countries.

This swimming pool market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Dynamics

Technavio categorizes the global swimming pool market as a part of the global specialized consumer services market within the global diversified consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Who are the Major Swimming Pool Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Finish Thompson Inc.
  • FLUIDRA S.A.
  • Hayward Industries Inc.
  • H.C. Harrington Co.Inc.
  • Intex Corp.
  • Guangdong LASWIM Water Environment Equipment Co.Ltd.
  • Pentair Plc
  • Pool Corp. Inc.
  • Swimline
  • Waterco Group

 

This statistical study of the swimming pool market encompasses successful business strategies deployed by the key vendors. The swimming pool market is concentrated and the vendors are deploying growth strategies such as focusing on enhancing their product offerings to compete in the market.

Product Insights and News

  • FLUIDRA SA - In February 2020, the company had announced the acquisition of Fabtronics to strengthen its position worldwide by expanding research and development capabilities.
  • Waterco Group - In June 2020, the company had acquired Automated Pool Products Pty Ltd., the leading distributor of hardware in the domestic pool market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The swimming pool market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Swimming Pool Market Value Chain Market Analysis

Our report provides extensive information on the value chain analysis for the swimming pool market, which vendors can leverage to gain competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of specialized consumer services includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Swimming Pool Market?

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44% of the market’s growth will originate from North America during the forecast period. The US is the key market for swimming pool market in North America. In 2019, North America contributed for nearly 48% of the region's revenue, with the US being the leading revenue-generating country. Market growth in this region will be slower than the growth of the market in Europe, APAC, and South America.

The presence of developed infrastructure and the thriving wellness tourism industry will facilitate the swimming pool market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Revenue Source Segments in the Swimming Pool Market?

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The swimming pool market share growth by the construction segment will be significant during the forecast period. The increased construction of new buildings is expected to support the growth of the swimming pool market during the forecast period. The construction industry is focusing on constructing vertical buildings that can accommodate the maximum number of houses because of the limited availability of land and growing population. This has led to a rise in the number of high-rise buildings with amenities like swimming pools and gyms. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the swimming pool market size and actionable market insights on post COVID-19 impact on each segment.

 

Swimming Pool Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 2.29%

Market growth 2020-2024

USD 3.56 billion

Market structure

Concentrated

YoY growth (%)

-0.03

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, France, UK, Australia, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aladdin Equipment Co. Inc., Le groupe VIF Inc., Confer Plastics Inc., Finish Thompson Inc., FLUIDRA S.A., Hayward Industries Inc., H.C. Harrington Co. Inc., Intex Corp., Guangdong LASWIM Water Environment Equipment Co. Ltd., Ningbo Linya Swimming Pool & Water Treatment Equipment Co. Ltd., Pentair Plc, Pleatco LLC, Pool Corp. Inc., Pool Tool Co., Raypak Inc., Rola-Chem Corp., Swimline, Therm Products division of HydroQuip inc., Val-Pak Products, Valterra Products LLC, and Waterco Group

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, Market condition analysis for 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.

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What are the Key Data Covered in this Swimming Pool Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive swimming pool market growth during the next five years
  • Precise estimation of the swimming pool market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the swimming pool market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of swimming pool market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Specialized Consumer Services

                                2.3.1 Inputs 

                                2.3.2 Operations

                                2.3.3 Marketing and sales

                                2.3.4 Support activities

                                2.3.5 Innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2019 - 2024 

                                Exhibit 06:  Global - Market size and forecast 2019 - 2024 ($ billion)

Exhibit 07:  Global - Market size and forecast 2019 - 2024 ($ billion) exclusive of COVID-19 Impact

                                Exhibit 08:  Global market: Year-over-year growth 2019-2024 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 09: Five forces analysis 2019 & 2024

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2019

5. Market Segmentation by Revenue source                              

                The segments covered in this chapter are: 

  • Construction
  • Equipment

                5.1 Market segments

                                Exhibit 16: Revenue source - Market share 2019-2024 (%)

                5.2 Comparison by Revenue source    

                                Exhibit 17: ​Comparison by Revenue source​

                5.3 Construction - Market size and forecast 2019-2024              

                                Exhibit 18: Construction - Market size and forecast 2019-2024 ($ billion)​

Exhibit 19: Construction - Market size and forecast 2019-2024 ($ billion)​ exclusive of COVID-19 Impact

                                Exhibit 20: Construction - Year-over-year growth 2019-2024 (%)

                5.4 Equipment - Market size and forecast 2019-2024   

                                Exhibit 21: ​Equipment - Market size and forecast 2019-2024 ($ billion)​

Exhibit 22: ​Equipment - Market size and forecast 2019-2024 ($ billion)​​ exclusive of COVID-19 Impact

                                Exhibit 23: ​Equipment - Year-over-year growth 2019-2024 (%)

                5.5 Market opportunity by Revenue source    

                                Exhibit 24: ​Market opportunity by Revenue source

6. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 25: ​Customer landscape​

7. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • North America 
  • Europe 
  • APAC
  • South America 
  • MEA

North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of around 5% between 2020 and 2025, which is slower than the overall market

                7.1 Geographic segmentation

                                Exhibit 26: ​Market share by geography 2019-2024 (%)

                7.2 Geographic comparison   

                                Exhibit 27: Geographic comparison

                7.3 North America - Market size and forecast 2019-2024​          

                                Exhibit 28: ​North America - Market size and forecast 2019-2024 ($ billion)​

Exhibit 29: ​North America - Market size and forecast 2019-2024 ($ billion)​​ exclusive of COVID-19 Impact

                                Exhibit 30: ​North America - Year-over-year growth 2019-2024 (%)

                7.4 Europe - Market size and forecast 2019-2024          

                                Exhibit 31: ​Europe - Market size and forecast 2019-2024 ($ billion)

Exhibit 32: ​Europe - Market size and forecast 2019-2024 ($ billion)​ exclusive of COVID-19 Impact

                                Exhibit 33: ​Europe - Year-over-year growth 2019-2024 (%)

                7.5 ​APAC - Market size and forecast 2019-2024             

                                Exhibit 34: ​APAC - Market size and forecast 2019-2024 ($ billion)​

Exhibit 35: ​APAC - Market size and forecast 2019-2024 ($ billion)​​ exclusive of COVID-19 Impact

                                Exhibit 36: APAC - Year-over-year growth 2019-2024 (%)

                7.6 South America - Market size and forecast 2019-2024           

                                Exhibit 37: ​South America - Market size and forecast 2019-2024 ($ billion)​

Exhibit 38: ​South America - Market size and forecast 2019-2024 ($ billion)​​ exclusive of COVID-19 Impact 

                                Exhibit 39: South America - Year-over-year growth 2019-2024 (%)

                7.7 MEA - Market size and forecast 2019-2024              

                                Exhibit 40: MEA - Market size and forecast 2019-2024 ($ billion)

Exhibit 41: MEA - Market size and forecast 2019-2024 ($ billion)​ exclusive of COVID-19 Impact

                                Exhibit 42: MEA - Year-over-year growth 2019-2024 (%)

                7.8 Key leading countries        

                                Exhibit 43: Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 44: Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                   

                8.1 ​Market drivers     

                                8.1.1 Large-scale urbanization

                                8.1.2 Increase in hotel construction

                                8.1.3 High preference for apartments

                                8.1.4 Swimming for fitness

                                8.1.5 Growing residential construction market

                8.2 Market challenges              

                                8.2.1 High installation and maintenance costs

                                8.2.2 Growing competition among suppliers

                                8.2.3 Expensive raw materials

                                Exhibit 45: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 High growth in tourism industry

                                8.3.2 Growing consumer spending capability

                                8.3.3 Rise in stress levels due to change in lifestyles

9. Vendor Landscape                             

                9.1 Competitive scenario        

                9.2 Vendor landscape               

                                Exhibit 46: Vendor landscape

                9.3 Landscape disruption        

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 47: ​Landscape disruption​

                9.4 Industry risks        

                                Exhibit 48: Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 49: Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 50: ​Market positioning of vendors​

                10.3 Finish Thompson Inc.      

                                Exhibit 51:  Finish Thompson Inc. - Overview

                                Exhibit 52:  Finish Thompson Inc. - Product and service

                                Exhibit 53:  Finish Thompson Inc. - Key offerings

                10.4 FLUIDRA S.A.

                                Exhibit 54:  FLUIDRA S.A. - Overview

                                Exhibit 55:  FLUIDRA S.A. - Business segments

                                Exhibit 56:  FLUIDRA S.A. - Key news

                                Exhibit 57:  FLUIDRA S.A. - Key offerings

                10.5 Hayward Industries Inc. 

                                Exhibit 58:  Hayward Industries Inc. - Overview

                                Exhibit 59:  Hayward Industries Inc. - Product and service

                                Exhibit 60:  Hayward Industries Inc. - Key offerings

                10.6 H.C. Harrington Co. Inc. 

                Exhibit 61:  H.C. Harrington Co. Inc. - Overview

                Exhibit 62:  H.C. Harrington Co. Inc. - Product and service           

                Exhibit 63:  H.C. Harrington Co. Inc. - Key offerings        

                10.7 Intex Corp.          

                                Exhibit 64:  Intex Corp. - Overview

                                Exhibit 65:  Intex Corp. - Product and service

                                Exhibit 66:  Intex Corp. - Key offerings

                10.8 Guangdong LASWIM Water Environment Equipment Co. Ltd.        

                                Exhibit 67:  Guangdong LASWIM Water Environment Equipment Co. Ltd. - Overview

Exhibit 68:  Guangdong LASWIM Water Environment Equipment Co. Ltd. - Product and service

                                Exhibit 69:  Guangdong LASWIM Water Environment Equipment Co. Ltd. - Key offerings

                10.9 Pentair Plc           

                                Exhibit 70:  Pentair Plc - Overview

                                Exhibit 71:  Pentair Plc - Business segments

                                Exhibit 72:  Pentair Plc - Key offerings

                                Exhibit 73:  Pentair Plc - Segment focus

                10.10 Pool Corp. Inc. 

                                Exhibit 74:  Pool Corp. Inc. - Overview

                                Exhibit 75:  Pool Corp. Inc. - Business segments

                                Exhibit 76:  Pool Corp. Inc. - Key offerings

                10.11 Swimline           

                                Exhibit 77:  Swimline - Overview

                                Exhibit 78:  Swimline - Product and service

                                Exhibit 79:  Swimline - Key offerings

                10.12 Wenonah Canoe            

                                Exhibit 80:  Waterco Group - Overview

                                Exhibit 81:  Waterco Group - Business segments

                                Exhibit 82:  Waterco Group - Key news

                                Exhibit 83:  Waterco Group - Key offerings

                                Exhibit 84:  Waterco Group - Segment focus

12. Appendix                            

                12.1 Scope of the report         

                                12.1.1 ​​​​Market definition

                                12.1.2 ​​​​Objectives

                                12.1.3 ​​​​Notes and caveats

                12.2 Currency conversion rates for US$            

                                Exhibit 85: ​Currency conversion rates for US$​

                12.3 Research Methodology 

                                Exhibit 86: ​Research Methodology

                                Exhibit 87: ​​Validation techniques employed for market sizing​

                                Exhibit 88: ​​Information sources

                12.4 List of abbreviations        

                                Exhibit 89: List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The swimming pool market growth will increase by $3.56 billion during 2019-2024.
The swimming pool market is expected to grow at a CAGR of 2.29% during 2019-2024.
Technavio has segmented the swimming pool market by other1 (Construction and Equipment) and geographic (North America, Europe, APAC, South America, and MEA).
Finish Thompson Inc., FLUIDRA S.A., Hayward Industries Inc., H.C. Harrington Co.Inc., Intex Corp., Guangdong LASWIM Water Environment Equipment Co.Ltd., Pentair Plc, Pool Corp. Inc., Swimline, Waterco Group are a few of the key vendors in the swimming pool market.
North America will register the highest growth rate of 44.10% among the other regions. Therefore, the swimming pool market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • France
  • UK
  • Australia
  • Spain
The key factors driving the swimming pool market growth are:
  • Large-scale urbanization
  • High growth in tourism industry
The swimming pool market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
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