New York, United States, July 21, 2022 (GLOBE NEWSWIRE) -- The global swimming pool construction market includes building new pools and fixing old ones in homes and businesses. Concrete, fiberglass, and vinyl liner are used for the construction of swimming pools. Depending on user requirements, the construction can be either on the ground or above ground. Due to the rise in the number of diseases, more people are becoming aware of the importance of fitness. This has led to constructing new gyms with swimming pools and renovating old gyms and pools with new equipment. A rise in travel and tourism worldwide has also led to the building of new hotels, rented bungalows, and renovation of old hotels and rented bungalows with swimming pools.
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Improving Health Awareness and Flourishing Tourism Industry Spurs the Swimming Pool Construction Market
Physical health ailments and mental illnesses are rising due to improper work-life balance. As a result, people are becoming more aware of the importance of general health and fitness, increasing the construction of gyms and swimming pools. According to statistics, about 2,000 gyms and 750 swimming pools were opened in the US in 2019. Swimming pools improve cardiovascular strength and physical health. They also decrease anxiety and depression and improve the overall mood. These health benefits are expected to propel the growth of the swimming pool construction market.
Furthermore, the tourism business has grown drastically, increasing the demand for accommodations. Key market players are focusing on improving hotels' aesthetic appeal by investing in swimming pools to attract more travelers. Tourism boosts the demand for goods and services, improving the national GDP. This suggests that people are increasingly spending on travel and luxuries. Consequently, there is an increase in the construction of hotels to meet the growing demand, thereby boosting the market growth.
Report Scope
| Report Metric | Details |
| Market Size | USD10 Billion by 2030 |
| CAGR | 4.1% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Construction, Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Aloha Pools Ltd, Aquamarine Pools, Concord Pools and Spas, Leisure Pools, Millennium Pools Pvt. Ltd, Myrtha Pools, Natare Corporation, Platinum Pools, Presidential Pools, Spas & Patio, Southern Poolscapes |
| Key Market Opportunities | Rapid Adoption of the Internet of Things (IoT) |
| Key Market Drivers | Rising Health Awareness Among People Booming Construction of Hotels |
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Budding Trend of IoT Integration in Swimming Pools Create Tremendous Market Opportunities
IoT sensors offer innovative features to maintain the cleanliness of the swimming pools. This saves the maintenance cost and time as they can be used in filters and temperature controllers. These systems can sense the water contamination level and clean it automatically. IoT systems also control lights and water heaters. Consequently, IoT makes it cheaper to maintain and run swimming pools, giving rise to umpteen growth opportunities.
Regional Analysis
North America commands the leading position in the global swimming pool construction market and is expected to grow at a CAGR of 4.1% during the forecast period. The US, Canada, and Mexico are the three prominent countries in the swimming pool construction market in North America. The regional growth is attributed to the swelling construction of swimming pools and the improving health awareness among people in North America.
Europe accounts for the second-largest market share. It is expected to grow at a CAGR of 3.8%, generating USD 2 billion during the forecast period. Many high-end hotel projects are under construction in the UK, Germany, France, and Spain. As tourism is increasing in Europe, there is a need for the construction of hotels. Over 450 new high-end hotel projects with multiple pools are being built in Europe, and they are expected to be open in the coming years, which can lead to an increase in the market share.
Asia-Pacific is expected to grow swiftly during the forecast period. Asia-Pacific is home to two of the most populated countries, China and India. The market is driven by countries' GDP and tourism. Furthermore, there has been a rise in the construction of private homes, hotels, and other commercial properties with swimming pools in Asia-Pacific.
Key Highlights
- The global swimming pool construction market was valued at USD 7 billion in 2021. It is expected to reach USD 10 billion by 2030, growing at a CAGR of 4.1% during the forecast period (2022–2030).
- Based on type, the global swimming pool construction market is classified into Concrete, Fiberglass, and Steel Frames. Concrete holds the largest market share and is expected to grow at a CAGR of 3.8% during the forecast period.
- Based on construction, the global swimming pool construction market is segmented into Above-Ground and In-Ground. In-Ground swimming pools acquire the highest market share and are expected to grow at a CAGR of 4.6% during the forecast period.
- Based on region, the global swimming pool construction market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominates the global swimming pool construction market and is expected to grow at a CAGR of 4.1% during the forecast period.
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The major key players in the global swimming pool construction market are
- Aloha Pools Ltd.
- Aquamarine Pools
- Concord Pools and Spas
- Leisure Pools
- Millennium Pools Pvt. Ltd.
- Myrtha Pools
- Natare Corporation
- Platinum Pools
- Presidential Pools
- Spas & Patio
- Southern Poolscapes
Global Swimming Pool Construction Market: Segmentation
By Material
- Concrete
- Fiberglass
- Steel Frame
By Construction
- Above-Ground
- In-Ground
By Regions
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: Swimming Pool Construction Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Materials Overview
- Introduction
- Market Size & Forecast
- Concrete
- Market Size & Forecast
- Fiberglass
- Market Size & Forecast
- Introduction
- Construction Overview
- Introduction
- Market Size & Forecast
- Above-Ground
- Market Size & Forecast
- In-Ground
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Materials
- By Construction
- Canada
- By Materials
- By Construction
- Mexico
- By Materials
- By Construction
- Latin America
- By Materials
- By Construction
- Europe
- Market Size & Forecast
- Germany
- By Materials
- By Construction
- France
- By Materials
- By Construction
- U.K.
- By Materials
- By Construction
- Italy
- By Materials
- By Construction
- Spain
- By Materials
- By Construction
- Rest of Europe
- By Materials
- By Construction
- Asia Pacific
- Market Size & Forecast
- Japan
- By Materials
- By Construction
- China
- By Materials
- By Construction
- Australia
- By Materials
- By Construction
- India
- By Materials
- By Construction
- South Korea
- By Materials
- By Construction
- Rest of Asia-Pacific
- By Materials
- By Construction
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Materials
- By Construction
- South Africa
- By Materials
- By Construction
- Kuwait
- By Materials
- By Construction
- Rest of Middle East & Africa
- By Materials
- By Construction
- Introduction
- Company Profile
- Aloha Pools Ltd
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Aquamarine Pools
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Concord Pools and Spas
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Aloha Pools Ltd
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/swimming-pool-construction-market/toc
Market News
- In March 2022, Concord Pools and Spas expanded their business in the Asia-Pacific region to expand their firm globally.
- In January 2022, Leisure Pools Group Inks a deal to purchase the Groupe Beneteau manufacturing facility in Marion, South Carolina.
- In May 2022, Myrtha Pools partnered with CNB in Barcelona to equip new construction work for swimming pools.
News Media
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