A swimming pool could be best described as a tank that is filled with water and intended for competitive swimming, or diving. Pools can also be used for other activities, such as playing, wading, water exercising, floating on inner tubes, spending time with families, or cooling off on hot days. There are four types of pools namely: Above-ground pools, Vinyl Liner pools (In-ground), Fiberglass pools (In-ground), and Concrete pools (In-ground).
The Global Swimming Pool market showcased growth at a CAGR of 2.04% during 2018-2021. The market was valued at USD 3944.36 Million in 2021 which is expected to reach USD 4853.90 Million in 2028. The growing construction projects and tourism across the globe are contributing to the increasing consumer interest in the construction of swimming pools.
The Global Swimming Pool Market is expected to grow in the forecast period and register a market value of USD 4853.90 Million in 2028 at a CAGR of 3.66% during the forecast period. The growing prevalence of tourism, rising demand for residential swimming pools and related services, and rising construction projects are major driving factors that are accelerating the overall market growth of the Global Swimming Pool Market.
Hotels, Resorts, and other amenities are now getting more aware of the devices that are used for the maintenance of pools; fortified products such as emulsifiers, Water filters, UV filters, and smart pumps are more in demand. Also, COVID-19 has created a huge increase in swimming pool sales. Since families were spending all of their time at home, they’re investing in relief items that provide opportunities for both them and the kids to relax and have some fun.
A smart pool pump is an essential piece of equipment that allows users to schedule the pump so it will only run during off-peak times. And the remote control feature allows to monitor and turn off the pool pump, heater, and other energy-consuming equipment from anywhere. The pump circulates water through the filters and back to the pool. It is important to have a working pump in order to keep the swimming pool clean and functioning properly.
Therefore, an increase in the demand for swimming pools is expected to drive demand for smart pool pumps. As a result, the adoption of technologies for the maintenance of the swimming pool is projected to continue to serve as a primary driving force behind the expansion of the worldwide swimming pool market in the years to come.
The customers can cause many pollutants to enter the water, such as bacteria from saliva, excretion products, pollution from swimwear, skin tissue, sebum, sweat, nose and throat saliva, hairs, cosmetics, and ammonia (NH3), the pH level indicates how acidic or alkaline the water is at any given time. A pH level of between 7 and 7.6 is the ideal level that should be maintained. If the water pH is higher than 8, anyone who swims in the pool is at risk of skin rashes, while a pH of lower than 7 can sting swimmers' eyes, Diarrhoea is the most common swimming-related illness. Children, pregnant women, and people who have health problems or take medicines that affect their body’s ability to fight germs and sickness such as people whose immune systems are weak because of cancer, an organ transplant, or HIV are most at risk for swimming-related illnesses, these are the common factors that can hinder the growth of the swimming pool market globally.
The Concrete material segment accounts for USD 1636.89 Million in 2021.
Homeowners and other commercial customers that prefer fiberglass swimming pools are driving the market expansion because of the extended warranties and the simplicity of never having to replace a vinyl liner or re-plaster a concrete pool.
Commercial Industry usage registered the fastest growth in Global Swimming Pool Market.
The growing number of swimming clubs, and the increasing construction of hotels, and villas accelerated by the travel & tourism industry are the factors mainly driving the global market demand for swimming pools in the commercial sector.
According to Azoth Analytics Estimates, the Americas accounts for the largest revenue share in 2022. The increasing demand for both automated devices that are used for the maintenance of pools are among the key drivers of the market along with the increasing demand for smart pool pumps, which are expected to drive the global swimming pool market over the forecast period.
Also, improvements in the standard of living in developing countries, such as China and India, owing to increasing disposable income and the rising tourism are the major factors supplementing the growth of the Americas swimming pool market.
Global Swimming Pool Market is fragmented with the top 5 companies accounting for a significant revenue share in the year 2022. Leading companies and brands in the market are executing different strategies and partnerships to strengthen their foothold and increase their competitiveness and product offerings in the market.
Pentair, Hayward Holdings Inc., Fluidra S.A., Latham Group, and Riverbend Sandler Pools are the leading companies in the Global Swimming Pool Market.
Leading companies in the Global Swimming Pool Market include:
• December 19, 2022: Hayward Holdings, Inc. which deals in designing, manufacturing, and selling a broad portfolio of pool equipment and technology, announced today the promotion of Sean Gallagher to Vice President of Information Technology.
• January 25, 2022: Cody Pools recently won 3 Awards of Excellence at the 2022 Southwest Pool and Spa Show held in San Antonio, Texas. The competition was open to pool/spa or hot tub builders/ installers, designers, retailers, or service companies. The judging panel was comprised of industry professionals along with representatives from related fields, including architecture and landscape design.
Segmentations in the Report
• On/Above Ground
• In Ground
By End use industry
• Middle East & Africa
1. What is the expected market value of the Global Swimming Pool Market in 2028?
Ans: Global Chlor-Alkali Market is expected to be valued at USD 4853.90 Million in 2028.
2. At what growth rate is Global Swimming Pool Market expected to grow in the forecast period?
Ans: During 2023-2028, Global Swimming Pool Market is expected to grow at a CAGR of 3.23%%.
3. Which Region dominates the Global Swimming Pool Market?
Ans: Americas contributes the largest revenue share in the Global Swimming Pool Market and is expected to continue in the forecast period as well.
4. Which are the leading companies in the Global Swimming Pool Market?
Ans: The leading companies in Global Swimming Pool Market are Pentair, Hayward Holdings Inc., Fluidra S.A., Latham Group, Intex Recreation, Finish Thompson, Cody Pools, Presidential Pools & Spas, Concord Pools & Spas, Riverbend Sandler Pools.
5. At what rate will China’s Global Swimming Pool Market Grow?
Ans: During 2023-2028, China Global Swimming Pool Market is expected to grow at a CAGR of 4.52%
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