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Global Swimming Pool Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033 | Major Players Are Nidec Motor Corporation, Pentair PLC, Laswin Pool Products, Hayward Pool Products Inc., Premier Pools and Spas.
Swimming Pool Market
The Business Research Company presents an extensive market research report on the Swimming Pool Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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.
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Key Market Players:
Major companies operating in the swimming pool market report are Nidec Motor Corporation, Pentair PLC, Laswin Pool Products, Hayward Pool Products Inc., Premier Pools and Spas, Intex Corp, Waterco Group, Therm Products LLC, Presidential Pools and Spas LLC, Finish Thompson Inc., Guangdong LASWIM Water Environment Equipment Co Ltd., Pleatco LLC, Concord Pools & Spas, Swimlime Inc., Valterra Products, Morehead Pools, Riverbend Sandler Pools, Albixon A.S., Aladdin Equipment Co, Val-Pak Products, Good Clean Fun LLC, Rola-Chem LLC, Jetform Swimming Pool Company, Cody Pools Inc., All Seasons Pools & Spas Inc., H.C. Harrington CoInc., Confer Plastics Inc., Compass Ceramic Pools, Carvin Pool Tool Company, Aiken Swimming Pool Company
Market Drivers:
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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https://www.thebusinessresearchcompany.com/report/swimming-pool-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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