PUBLISHER: The Business Research Company | PRODUCT CODE: 1436726
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436726
Swimming pools are bodies of water treated for recreational use, found in locations such as resorts and parks. Businesses dedicated to their design, manufacture, and distribution form part of the swimming pool industry.
Swimming pools come in various types such as competition, recreational, children's, private, and relaxation pools. Competition pools are dedicated to organized swim contests held by colleges, universities, swim leagues, and clubs. They can be constructed using materials such as fiberglass, metal, and plastic, featuring different grades such as ordinary and elite pools. These pools can be installed above ground or in-ground and serve multiple sectors including residential, commercial, and public settings.
The swimming pool market research report is one of a series of new reports from The Business Research Company that provides swimming pool market statistics, including swimming pool industry global market size, regional shares, competitors with a swimming pool market share, detailed swimming pool market segments, market trends and opportunities, and any further data you may need to thrive in the swimming pool industry. This swimming pool market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The swimming pool market size has grown marginally in recent years. It will grow from $3.51 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 1.0%. The growth observed in the historic period can be attributed to various factors, including extensive real estate development projects, evolving leisure and recreation trends impacting property choices, preferences for luxury and lifestyle-oriented properties, heightened awareness of wellness and health influencing property selections, and the growth of the hospitality industry catering to these trends. These elements collectively contributed to the growth and evolution witnessed in the relevant sectors during that period.
The swimming pool market size is expected to see marginal growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 1.7%. The anticipated growth in the forecast period is expected due to the sustained demand in real estate, a heightened focus on wellness and fitness influencing property choices, ongoing urbanization and population growth fostering the need for outdoor living spaces, and the expansion of tourism and hospitality industries.
The growth of the swimming pool market is poised to surge, driven by the ongoing trend of urbanization. Urbanization, characterized by the migration of people from rural to urban areas, is leading to an increased interest in swimming for fitness and recreation. The United Nations Department of Economic and Social Affairs projects that by 2050, 68% of the world's population will reside in urban areas, contributing to the proliferation of swimming pools and bolstering market growth.
The proliferation of the tourism industry is anticipated to propel the swimming pool market in the coming years. Swimming pools stand as attractive amenities for tourists seeking leisure and relaxation, particularly in warmer regions or family-oriented vacation spots. They offer respite from heat, leisure, and exercise opportunities. For example, the Travel & Tourism Economic Impact 2023 Global Trends Report by the World Travel & Tourism Council unveiled a 16.9% rise in the U.S. travel and tourism sector's GDP contribution to $2TN in 2022, accompanied by a workforce surge of 2.7 million since 2021. This burgeoning tourism industry fortifies the swimming pool market.
Technological advancements stand out as the prevailing trend shaping the swimming pool market's landscape. Key companies within this sector prioritize developing innovative technological solutions to meet evolving customer demands. In June 2021, Latham, a prominent U.S.-based pool company, introduced 'Plan Your Pool,' an interactive feature on its website enabling homeowners and prospective buyers to personalize, plan, and finance pool installations. This online tool delivers an immersive experience, allowing users to explore specific needs and align product interests seamlessly.
Leading entities within the swimming pool market are embracing strategic partnerships to tackle challenges associated with wave pool construction. Strategic partnerships entail leveraging mutual strengths and resources for mutual benefits and success. In June 2022, Endless Surf, a US-based amusement park, announced a collaboration with Myrtha Pools, a US-based commercial swimming pool construction company, specifically addressing prevalent concerns encountered by surf park developers. Under this new alliance, Endless Surf projects exclusively access state-of-the-art stainless steel pool technology from Myrtha Pools. This partnership, combining over a century of combined industry expertise, holds the promise of resolving developers' challenges.
In November 2021, Riverbend Sandler Pools, a US-based swimming pool construction, maintenance, and service company, acquired Pulliam Pool Builders Inc. and Pulliam Services Inc. for an undisclosed amount. Through the acquisition, Riverbend Sandler Pool's main strategy to expand its market share has been achieved. Pulliam Pool Builders Inc. is a US-based swimming pool building company.
Major companies operating in the swimming pool market report are Nidec Motor Corporation, Pentair PLC, Laswin Pool Products, Hayward Pool Products Inc., Premier Pools and Spas, Intex Corp., Waterco Group, Therm Products LLC, Presidential Pools and Spas LLC, Finish Thompson Inc., Guangdong LASWIM Water Environment Equipment Co.Ltd., Pleatco LLC, Concord Pools & Spas, Swimlime Inc., Valterra Products, Morehead Pools, Riverbend Sandler Pools, Albixon A.S., Aladdin Equipment Co., Val-Pak Products, Good Clean Fun LLC, Rola-Chem LLC, Jetform Swimming Pool Company, Cody Pools Inc., All Seasons Pools & Spas Inc., H.C. Harrington Co.Inc., Confer Plastics Inc., Compass Ceramic Pools, Carvin Pool Tool Company, Aiken Swimming Pool Company
North America was the largest region in the swimming pool market in 2023. The regions covered in the swimming pool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the swimming pool market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The swimming pool market consists of sales of pools, bathing spaces, components and accessories of pools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Swimming Pool Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on swimming pool market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for swimming pool ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The swimming pool market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.