Swimming Pool Market Trends: Expected a Growth of $3.79B by 2028 at a CAGR 1.7% - Key Drivers and Forecasts 2024-2033

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.

Market Overview -
The swimming pool refers to the body of water that is filtrated, sanitized, and circulated to provide a refreshing experience. The swimming pool is used for recreational purposes and is built in the places such as resorts, parks, and other recreational areas. The swimming pool involves a business that is dedicated to the design, manufacture, and distribution of all.

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Surging Urbanization Drives Growth In The Swimming Pool Market
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.

Competitive Landscape -
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

Technological Advancements Transforming The Swimming Pool Market
Technological advancements have emerged as the key trend gaining popularity in the swimming pool market. Major companies operating in the swimming pool sector are focused on developing new technological solutions to meet customer demand. For instance, in June 2021, Latham, a US-based pool company, launched the plan your pool innovative based on poolside technology. Plan Your Pool is an interactive part of the company's website that allows homeowners and future homeowners to personalize, plan, and finance a pool before purchasing one for their house. This portion of the pool-planning website offers an immersive experience that allows homeowners to investigate specific needs and validate product interests right at their fingertips.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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