The Swimming Pool Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Swimming Pool Global Market Report 2024, 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 in the historic period can be attributed to real estate development, leisure and recreation trends, luxury and lifestyle preferences, wellness and health awareness, hospitality industry growth.
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 growth in the forecast period can be attributed to continued real estate demand, wellness and fitness focus, urbanization and population growth, outdoor living spaces, tourism and hospitality expansion. Major trends in the forecast period include rise of natural and organic pool maintenance products, introduction of compact and space-efficient pool designs, focus on health and wellness features in pool design, collaborations for sustainable pool construction practices, increased use of alternative pool water sources.
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. For instance, according to the United Nations Department of Economic and Social Affairs report, the world population living in urban areas is expected to reach 68% by 2050. Therefore, the rising urban population drives the growth of the swimming pool market.
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The swimming pool market covered in this report is segmented
1) By Type: Competition Pool, Recreational Swimming Pool, Children’s Swimming Pool, Private Swimming Pool, Relaxation Pool
2) By Material: Fiberglass, 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
Major companies operating in the swimming pool market are adopting a strategic partnership approach to resolve pain points related to wave pool construction. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in June 2022, Endless Surf, a US-based amusement park, announced a partnership with Myrtha Pools, a US-based commercial swimming pool construction company, to address many of the main issues that surf park developers confront while establishing and running their surf lagoons. Under the new agreement, Endless Surf projects will be the only ones with access to cutting-edge stainless steel pool technology from Myrtha Pools. This new partnership among two organizations with over 100 years of combined expertise in the aquatic entertainment market promises to remove the issues that developers confront.
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. Global Swimming Pool Market Size and Growth
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26. South America Swimming Pool Market
27. Brazil Swimming Pool Market
28. Middle East Swimming Pool Market
29. Africa Swimming Pool Market
30. Swimming Pool Market Competitive Landscape And Company Profiles
Top Major Players:
- Nidec Motor Corporation
- Pentair PLC
- Laswin Pool Products
- Hayward Pool Products Inc
- Premier Pools and Spas
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