Swimming Pool Construction Market Outlook- 2027
The Swimming pool construction market size was valued at $6,773.2 million in 2019, and is expected to reach $7,392.6 million by 2027, registering a CAGR of 3.8% from 2020 to 2027. The revenue generated from construction of new swimming pools as well as renovation of old swimming pools in residential and commercial sites is considered in the swimming pool construction market.
Market Dynamics
There has been rise in diseases and health problems among people around the globe. This has led to rise in awareness to regularly exercise, boost the immune system of the body, and live a healthy life. The awareness of regular exercise has led to construction of new gyms consisting of swimming pools as well as renovating the old gyms and making them equipped with swimming pools on public demand. In addition, rise in tourism across the world increased the demand for luxurious hotels and rented bungalows that are equipped with swimming pools. This has led to construction of swimming pools in hotels and rented bungalows.
Moreover, there has been rise in per capita income of the people, which has led to rise in the standard of living. Attributed to this fact, there has been increase in demand for construction of swimming pools in house backyards. A large number of above-ground and in-ground swimming pools have been built in residential infrastructures depending upon the size and shape required by the end user.
By Material
Concrete segment holds the largest share in Swimming Pool Construction market
However, the construction and maintenance of swimming pools is a costly activity. Affordable regular maintenance is sometimes difficult, which, in turn, fills up the swimming pool with dirt and looks dirty. Therefore, high maintenance and construction cost acts as restraint to the swimming pool construction market. Moreover, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were also stopped or restricted to a huge extent. Construction and transportation activities along with their supply chains were hampered on a global level. This led to decline in construction of houses and commercial infrastructures, which directly hampered the swimming pool construction market.
However, gradually all industries are resuming their regular manufacturing and services. This is further expected to re-initiate the construction activities at their full-scale capacities, thereby further helping the market to start to recover by mid of 2021.
By End-user
Residential segment holds dominant position in 2019
On the contrary, introduction of advanced technologies, such as IoT, is expected to lead to better monitoring of swimming pools, thereby cutting down the maintenance cost of swimming pools. This is anticipated to provide growth opportunities for the swimming pool construction market growth.
The swimming pool construction market is segmented into material, construction type, end user, and region. On the basis of material, the market is divided into concrete, fiberglass, vinyl liner and steel frame. By construction type, it is segregated into above-ground and in-ground. Depending on end user, it is classified into residential and non-residential. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
By Region
North America holds a dominant position in 2019 and LAMEA is expected to grow at a highest rate during the forecast period.
On the basis of material, in 2019, the concrete segment dominated the swimming pool construction market, in terms of revenue, while the fiberglass segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of construction type, the in-ground segment led the market in 2019, in terms of revenue, while the above-ground segment is anticipated to register highest CAGR during the forecast period. By end user, the residential segment led the market in 2019, in terms of revenue, while the residential segment is anticipated to register the highest CAGR during the swimming pool construction market forecast period. By region, North America led the market in 2019, in terms of revenue, while LAMEA is anticipated to register the highest CAGR during the forecast period.
Competition Analysis
The major players profiled in the swimming pool construction market include 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, and Southern Poolscapes. Majority of the players in the market offer customization of swimming pool designs depending on the requirement of size, shape, and type. However, some standard designs are pre-produced in fiberglass and vinyl liner material. The players also additionally offer filtration, heating, decorative, and other swimming pool accessories.
Key Benefits for Stakeholders:
• The report provides an extensive analysis of the current and emerging swimming pool construction market trends and dynamics.
• In-depth analysis is conducted by estimations for the key segments between 2019 and 2027.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the swimming pool construction market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing swimming pool construction market opportunities.
• The swimming pool construction market analysis from 2020 to 2027 is included in the report.
• The key players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the swimming pool construction market.
Swimming Pool Construction Market Report Highlights
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Analyst Review
The swimming pool construction market is mainly driven by increasing construction of swimming pools in gyms, owing to rise in awareness of exercise and health. In addition, rise in tourism has led to increase in construction of luxurious amenities such as swimming pools in hotels and rented bungalow.Moreover, rise in per capita income has led to construction of private swimming pools in house backyards. The swimming pool construction market was valued at $6,773.2 million in 2019, and is expected to reach $7,392.6 million by 2027, registering a CAGR of 3.8% from 2020 to 2027.
However,high construction cost and high maintenance costs have adversely affected the construction of swimming pools.On the contrary, increase in adoption of IoT for monitoring swimming pools is expected to lower the maintenance cost and drive the growth of the swimming pool construction market during the forecast period.
The major players profiled in the swimming pool construction market include 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, and Southern Poolscapes. Majority of the players in the market offer customization of swimming pool designs depending on the requirement of size, shape, and type. However, some standard designs are pre-produced in fiberglass and vinyl liner material. The players also additionally offer filtration, heating, decorative, and other swimming pool accessories.
The base year considered in the global swimming pool construction market report is 2019.
he top companies holding the market share in the global swimming pool construction market report include 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, and Southern Poolscapes.
To get latest version of global swimming pool construction market report can be obtained on demand from the website.
The global swimming pool construction market size was valued at $6,773.2 million in 2019, and is projected to reach $7,392.6 million by 2027, growing at a CAGR of 3.8% from 2020 to 2027
The forecast period considered for the global swimming pool construction market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By material, in 2019 the concrete segment dominated the global swimming pool construction market, in terms of revenue and is expected to maintain this trend during the forecast period.
By construction type, the in-ground segment is the highest share holder of global swimming pool construction market.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the global swimming pool construction market is $5,703.0 million in 2020.
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