Swimming Pool Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Australia, France, UK - Size and Forecast 2023-2027

Swimming Pool Market Forecast 2023-2027

The swimming pool market size is estimated to increase by USD 6.73 billion between 2022 and 2027. The market size is forecast to grow at a CAGR of 4.39%. The increasing demand for luxurious lifestyles is driving the demand for amenities such as swimming pools, spa facilities, and other recreational water features. The growing consumer interest in recreational water activities, such as swimming, water sports, and relaxation, is driving the popularity of these amenities and driving growth in the market. The growing popularity of saltwater pools, which offer benefits such as lower maintenance and a more natural swimming experience, is also contributing to market growth by increasing the demand for these types of pools. 

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

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Market Segmentation

This 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). 

By Revenue

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 designs into their outdoor spaces.

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The construction segment was the largest segment and was valued at USD 17.28 billion in 2017. 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 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.

By Region

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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 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 in the region during the forecast period.

Market Dynamics and Customer Landscape

The market is thriving with the rising popularity of health and wellness centers that offer natural healing through traditional medication processes and leisure activities. These pools are constructed using various materials such as concrete, stone, metal, plastic, fiberglass, and polyurethane foam, catering to different preferences and budgets. From private pools in homes to luxury hotel rooftops with infinity pools, there is a growing trend towards integrating pools into outdoor living spaces. To ensure hygiene, water in these pools is filtrated, sanitized, and circulated, providing a safe environment for recreational and fitness activities. 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.

Key Market Driver

One of the key factors driving the market is the growing popularity of saltwater pools. There is a growing preference for saltwater pools due to their reduced need for harsh chemical additives, providing a more comfortable and enjoyable swimming experience with milder water that is gentler on the skin, eyes, and swimwear. This trend aligns with the focus on wellness and fitness, as saltwater pools are often associated with natural healing and offer a more relaxing experience akin to traditional medication processes. Additionally, they contribute to the creation of relaxation pools and enhance outdoor living spaces. Salt chlorinators, a key component of saltwater pools, help maintain a consistent chlorine level automatically, reducing the need for frequent manual testing and chemical adjustments. As a result, saltwater pools require less hands-on maintenance and experience fewer fluctuations in water quality, driving their adoption in the market. Despite the higher initial investment of a salt chlorination system, the long-term cost savings compensate for this expense. These factors are positively impacting the market and are expected to drive its growth during the forecast period.

Major Market Trends

A key factor shaping the market 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. 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.

Significant Market Challenge

High installation and maintenance costs are one of the key challenges hindering market growth. There is a high cost associated with the installation and maintenance costs. 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.

Market Customer Landscape

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 Market Customer Landscape

Who are the Major Swimming Pool Market Players?

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:

• Confer Plastics Inc.
• 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.
• Jumpking International LLP

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.

Segment Overview

The 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. 

• Revenue Outlook 
  • Construction
  • Equipment
• End-user Outlook 
  • Residential
  • Commercial
• Geography Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The Market is experiencing significant growth, catering to both residential and commercial end-users. With channels ranging from direct sales to distributors, the market offers a wide variety of materials, including fiberglass, metal, plastic, and others, accommodating different construction preferences such as on/above ground or in-ground pools. Urbanization and infrastructure construction drive the demand for lifestyle amenities like swimming pools, with fiberglass and metal materials gaining popularity due to their durability and versatility. Despite economic slowdowns, luxurious residential constructions and commercial pool constructions continue to thrive, supported by global travelers' demand and the hotel industry. Key players like Intex Recreation, Hayward Pool Products, and Aladdin Equipment dominate the market, adapting to emerging trends and providing innovative solutions for consumers worldwide.

The market encompasses a wide array of factors. It caters to both end-users, such as residential and commercial sectors and utilizes various channels like direct sales and distributors. Materials like fiberglass, metal, plastic, and others are used, with pools being constructed on/above ground or in-ground. The market includes swimming pool manufacturers and is part of the global industry. This market offers a diverse range of opportunities and challenges, making it a dynamic sector worth exploring. The market is experiencing unprecedented growth, driven by factors such as rising income and the demand for attractive amenities in residential and commercial pools. The market's primary driver is the residential construction industry, which seeks to offer attractive amenities to property buyers. Technological advancements, such as eco-friendly and energy-efficient pool systems and smart pool technologies, are also fueling growth. Established brands and manufacturers are leading the way in innovation, focusing on sustainability and using sustainable and recyclable materials. The market is also witnessing growth in therapeutic and luxury pools, especially in regions with increasing urbanization.

The market is experiencing unprecedented growth, driven by various factors such as urbanization, increasing consumer spending, and the demand for attractive amenities in residential and commercial pools. Raw materials like PVC plastic, galvanized steel, and fiberglass are crucial for constructing these pools. The market caters to diverse segments, including residential structures, hotels, and wellness centers, offering customization and sustainable options. As the industry integrates technology and addresses environmental concerns, it presents opportunities for innovation and growth.

The market is influenced by various factors such as tourism spending, residential construction projects, and the demand for luxurious amenities in residential and commercial pools. Upstream raw materials like accessories, PVC plastic, and galvanized steel are essential for pool construction. This market serves a wide range of segments, including residential complexes, hotels, and gyms, offering options for customization and personalization. As the industry integrates technology and addresses regulatory standards, there are opportunities for growth and innovation in pool equipment and maintenance systems.

Luxurious hotels and clubs are increasingly incorporating high-end luxury pools with intricate designs to attract discerning clientele. Furthermore, the therapeutic benefits of swimming pools in healthcare and rehabilitation settings are driving demand for specialized pool designs and equipment. Emerging markets, characterized by increasing urbanization and access to education, present significant growth opportunities for the swimming pool industry. Regions experiencing rapid urban development, such as Asia-Pacific and Latin America, are witnessing a surge in demand for both residential and commercial swimming pools.

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 forecasting, 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 market growth and trends 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 Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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