Press release
Swimming Pool Construction Market Overview, Outlook, Size, Share, Demand 2024-2033 |
Swimming Pool Construction Market
The Business Research Company offers in-depth market insights through Swimming Pool Construction Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The swimming pool construction market size has grown steadily in recent years. It will grow from $7 billion in 2023 to $7.27 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to real estate development boom, increasing disposable income, wellness and lifestyle trends, tourism and hospitality industry growth, outdoor living space trends.
The swimming pool construction market size is expected to see steady growth in the next few years. It will grow to $8.14 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to growing demand for customization, sustainable and eco-friendly practices, urbanization and high-rise developments, health and wellness considerations, pandemic-driven trends. Major trends in the forecast period include innovations in pool design, smart pool technologies, advancements in pool technology, sustainable and eco-friendly pool design, saltwater pools and alternative water treatment.
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Market Segmentation:
The swimming pool construction market covered in this report is segmented -
1) By Construction Type: Above-ground, In-ground
2) By Material: Concrete, Fiberglass
3) By End User: Residential, Non-Residential
Major Driver - Hotel Construction Boom Fuels Surge In Swimming Pool Construction Market
The rise in the construction of hotels is expected to propel the growth of the swimming pool construction market going forward. A hotel is a commercial establishment that provides lodging accommodations, typically on a short-term basis, to guests or travelers, offering amenities and services. Integrating swimming pools into hotel construction is essential to enhance the guest experience, increase the hotel's overall appeal, and improve its market competitiveness. For instance, in October 2023, according to Lodging Econometrics, a US-based hospitality services provider, in Q3 2023, the hotel construction pipeline in Canada had 275 projects with 37,780 rooms, which is up by 5% in projects and 8% in rooms year-over-year (YOY). Moreover, in Q3, Canada saw 22 new project announcements with 2,816 rooms. Therefore, the rise in the construction of hotels is driving the growth of the swimming pool construction market.
Competitive Landscape:
Major companies operating in the swimming pool construction market report are Latham Pool Products Inc., Zodiac Pool Systems, Piscines Desjoyaux SA, Cody Pools, Narellan Pools, Blue Book Services, Compass Pools, Leisure Pools, Myrtha Pools, Platinum Pools, Natare Corporation, Blue Haven Pools, Albatross Pools, Millennium Pools Pvt. Ltd., Concord Pools and Spas, Premier Pools and Spas, Riverbend Sandler Pools, Pool Corporation, Aloha Pools Pty Ltd, Pool Town, Aquamarine Pools, Presidential Pools, Spas & Patio, Southern Poolscapes, Tranquility Pools, Excel Pool Servic, Paragon Pools, Hawaiian Pools and Waterscapes, Cody Pools Inc., California Pools
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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