NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global swimming pool market size is estimated to grow by
USD 7.43 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 4.64% during the forecast period. Increasing demand for
luxurious lifestyles is driving market growth, with a
trend towards high growth in tourism industry.
However, high installation and maintenance costs of swimming
pool poses a challenge. Key market players include Confer Plastics
Inc., Finish Thompson Inc., FLUIDRA SA, Guangdong LASWIM Water
Environment Equipment Co.Ltd., H.C. Harrington Co.Inc., Hayward
Holdings Inc., Jumpking International LLP, 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, and Waterco Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Revenue (Construction
and Equipment), End-user (Residential and Commercial), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Confer Plastics Inc.,
Finish Thompson Inc., FLUIDRA SA, Guangdong LASWIM Water
Environment Equipment Co.Ltd., H.C. Harrington Co.Inc., Hayward
Holdings Inc., Jumpking International LLP, 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, and Waterco Ltd.
|
Key Market Trends Fueling Growth
The global swimming pool market is experiencing significant
growth due to the increasing focus on providing superior amenities
in tourist destinations. Swimming pools, whether indoor or outdoor,
are becoming essential features in hotels, resorts, and vacation
properties to cater to travelers seeking relaxation and
entertainment. The rise of wellness tourism has further boosted
this trend, as guests look for destinations offering rejuvenation,
exercise, and relaxation. Hotels and resorts are investing in
expansive spa complexes, which frequently include swimming pools.
Cruise ships are also capitalizing on this trend by incorporating
advanced pool areas with water slides and infinity pools. The
growing middle class in emerging economies is driving increased
domestic and international tourism, leading to a heightened demand
for leisure facilities like swimming pools. These factors are
expected to fuel the growth of the swimming pool market during the
forecast period.
The swimming pool market is experiencing significant growth with
increasing demand for residential and commercial pools. Bettered
technology and construction methods have led to the creation of
more efficient and long-lasting pools. Consumers are looking for
pools with advanced features such as automatic cleaning systems,
energy-efficient pumps, and LED lighting. The use of sustainable
materials like concrete and fiberglass is also on the rise.
Producers are responding to these trends by offering a wide range
of pool types and customization options. The market is expected to
continue growing due to the increasing popularity of pools as a
luxury and recreational feature. Pool construction companies are
meeting this demand by providing professional design and
installation services. Overall, the swimming pool industry is
thriving with new innovations and consumer preferences driving its
growth.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global swimming pool market faces challenges due to high
installation and maintenance costs. Expenses include water changes,
filter cleaning, and motor pump power consumption. Skilled labor
adds to expenses. Water scarcity in countries like Yemen, Libya,
and Jordan increases water costs,
further limiting market growth in developing nations. These factors
hinder market expansion during the forecast period.
- The swimming pool market faces several challenges in the
industry. One significant challenge is the high cost of upgrading
and maintaining pools with advanced features, such as automatic
cleaning systems and energy-efficient pumps. Another challenge is
the increasing demand for eco-friendly pools, requiring the use of
sustainable materials and water conservation techniques.
Additionally, regulations regarding pool safety and water quality
add to the operational costs. Furthermore, the competition from
alternative recreational activities and changing consumer
preferences pose a threat to the market growth. Overall, the
swimming pool market must address these challenges to remain
competitive and cater to evolving customer needs.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This swimming pool market report extensively covers market
segmentation by
- Revenue
- 1.1 Construction
- 1.2 Equipment
- End-user
- 2.1 Residential
- 2.2 Commercial
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Construction- The global swimming pool market's
construction segment experiences robust growth, driven by
residential and commercial sectors. In residential areas,
homeowners invest in custom pool designs to boost property value
and lifestyle. Collaboration with homeowners includes size, shape,
water features, lighting, and landscaping preferences. Modern
trends favor multifunctional pools. Commercial pool construction
caters to safety, durability, and brand aesthetics in hospitality,
leisure, and wellness industries. Innovative designs attract
customers in hotels, resorts, fitness centers, and aquatic
facilities. Water parks, theme parks, and public swimming complexes
seek unique experiences through cutting-edge pool designs. The
construction of new buildings with amenities like swimming pools
and gyms fuels market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Swimming Pool Market has experienced unprecedented growth in
recent years, driven by the increasing demand for better lifestyle
amenities in both residential and commercial sectors. Residential
pools continue to be popular, with options including PVC plastic,
fiberglass, and concrete. In urbanization projects, commercial
pools have become a dominant position, often found in wellness
centers and hotels. Raw materials such as galvanized steel, metal,
and polyurethane foam are essential for infrastructure
construction. Swimming pool equipment manufacturers like Finish
Thompson, Hayward Pool, Valterra Products, Confer Plastics, Therm
Products, Aladdin Equipment, Pentair, SunRunner Pool, and Pleatco
provide solutions for filtration, heating, and pool covers. The
market's growth may face challenges during economic slowdowns but
remains a significant sector for luxurious residential and
commercial structures.
Market Research Overview
The swimming pool market encompasses the production, sales, and
installation of swimming pools and related accessories. Components
include filters, pumps, heating systems, pool covers, and cleaning
equipment. The market is driven by increasing consumer demand for
home pools, growing tourism industry, and rising health
consciousness. Pool materials range from concrete to fiberglass and
vinyl liners. Smart pool technologies, such as automation and
energy efficiency, are gaining popularity. The market is segmented
by pool type, material, and geography. Regions with high demand
include North America and
Europe due to their large
populations and favorable climates. The market is expected to grow
steadily due to these factors and increasing disposable income.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Revenue
-
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/swimming-pool-market-size-is-set-to-grow-by-usd-7-43-billion-from-2024-2028--increasing-demand-for-luxurious-lifestyles-to-boost-the-market-growth-technavio-302182234.html
SOURCE Technavio