NEW YORK, Dec. 16, 2024 /PRNewswire/ — The global swimming pool market size is estimated to grow by USD 7.44 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.64% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
- 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
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1.1 Fastest growing segment:
The global swimming pool market’s construction segment experiences 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.
Analyst Review
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 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.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor 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.
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Website: www.technavio.com/
SOURCE Technavio
