The Swimming Pool Global Market Report 2023 by The Business Research Company, provides swimming pool market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Swimming Pool Global Market Report 2023, the market size is expected to grow from $3.5 billion in 2022 to $3.52 billion in 2023 at a compound annual growth rate (CAGR) of 0.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The swimming pool market size is expected to grow to $3.6 billion in 2027 at a CAGR of 0.6%.
The increasing urbanization is expected to propel the growth of the swimming pool market going forward. Urbanization refers to the people shifting towards urban areas from the rural areas. People in urban areas are becoming more interested in swimming for fitness and recreational activities, increasing the number of the swimming pool.
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The swimming pool market is segmented:
1) By Type: Competition Pool, Recreational Swimming Pool, Children’s Swimming Pool, Private Swimming Pool, Relaxation Pool
2) By Material: Fibreglass, Metal, Plastic
3) By Grade: Ordinary Swimming Pool, Eated Swimming Pool
4) By Construction: On Or Above Ground, In – Ground
5) By End User: Residential, Commercial Swimming Pool, Public Swimming Pool
Technological advancements have emerged as the key trend gaining popularity in the swimming pool market. Major companies operating in the swimming pool sector are focused on developing new technological solutions to meet customer demand. For instance, in June 2021, Latham, a US-based pool company, launched the plan your pool innovative based on poolside technology. Plan Your Pool is an interactive part of the company’s website that allows homeowners and future homeowners to personalize, plan, and finance a pool before purchasing one for their house. This portion of the pool-planning website offers an immersive experience that allows homeowners to investigate specific needs and validate product interests right at their fingertips.
The swimming pool market report table of contents includes:
1. Executive Summary
2. Swimming Pool Market Characteristics
3. Swimming Pool Market Trends And Strategies
4. Swimming Pool Market – Macro Economic Scenario
5. COVID-19 Impact On Swimming Pool Market
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26. Africa Swimming Pool Market
27. Swimming Pool Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Swimming Pool Market
29. Swimming Pool Market Future Outlook and Potential Analysis
30. Appendix
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