Press release
Swimming Pool Market Poised for 2.5 % Growth, Set to Hit $156.05 Billion by 2029
Swimming Pool
The growth of the swimming pool market is anticipated to be driven by the proliferating urbanization. This trend involves individuals moving from rural regions to urbanized areas. The interest in swimming as a form of exercise and leisure activity is rising among urban dwellers, leading to an escalation in the number of swimming pools. For example, a report by the United Nations Department of Economic and Social Affairs predicts that 68% of the world's population will reside in urban areas by 2050. Consequently, the surging urban population is a catalyst for the expansion of the swimming pool market.
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What is the future CAGR of the swimming pool market, and how will it impact industry expansion?
There has been a slight increase in the size of the swimming pool market in the past few years. The market, which was valued at $3.52 billion in 2024, is expected to elevate to $3.54 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 0.7%. Factors that have contributed to this historic growth include developments in the real estate sector, trends in leisure and recreation activities, preferences for luxury and lifestyle, awareness of wellness and health, and the expansion of the hospitality industry.
The market size of swimming pools is anticipated to consistently increase in the following years. The market value is projected to reach $3.9 billion by 2029, growing at a compound annual growth rate (CAGR) of 2.5%. The expansion during this forecast period is linked to steady real estate demand, a growing emphasis on wellness and fitness, urbanization, an increase in population, a desire for outdoor living spaces, and the growth of tourism and hospitality. Notable trends for this period encompass the popularity of natural and organic pool maintenance products, the launch of compact and space-saving pool designs, the emphasis on health and wellness features in pool design, partnerships for ecologically responsible pool construction practices and an upsurge in the employment of alternative pool water sources.
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What are the most significant trends transforming the swimming pool market today?
Emerging technological progress has become a prominent trend in the swimming pool market. Leading businesses in this field are concentrating on creating innovative technological solutions to satisfy customer needs. For instance, in July 2024, Latham, a US-based swimming pool enterprise, collaborated with Poolside Tech, a US technology firm, to introduce Attendant, an automation system specifically designed for inground Latham fiberglass pools. This cloud-centered system enables homeowners to regulate their pool's temperature and water chemistry through their smartphones. It uses historical performance data and current weather information for efficient management. The Attendant system uses past performance data and real-time weather conditions to fine-tune heating, cooling, and solar systems, thereby maintaining an ideal water temperature while reducing energy usage.
Which key market segments comprise the swimming pool market and drive its revenue growth?
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
Subsegments:
1) By Competition Pool: Olympic-Sized Pools, Training Pools, Multi-Purpose Competition Facilities
2) By Recreational Swimming Pool: Community Pools, Hotel And Resort Pools, Water Parks
3) By Children's Swimming Pool: Shallow Pools For Toddlers, Interactive Splash Pads, Themed Children's Pools
4) By Private Swimming Pool: In-Ground Residential Pools, Above-Ground Residential Pools, Custom-Designed Private Pools
5) By Relaxation Pool: Spa Pools, Infinity Pools, Hot Tubs And Jacuzzis
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What regions are at the forefront of swimming pool market expansion?
North America was the largest region in the swimming pool market in 2024. The regions covered in the swimming pool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the swimming pool market?
Major companies operating in the swimming pool market include 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, 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, 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
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What Is Covered In The Swimming Pool Global Market Report?
•Market Size Forecast: Examine the swimming pool market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the swimming pool market for a structured understanding.
•Key Players Overview: Analyze major players in the swimming pool market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the swimming pool market.
•Segment Contributions: Evaluate how different segments drive overall growth in the swimming pool market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the swimming pool market.
•Industry Challenges: Identify potential risks and obstacles affecting the swimming pool market.
•Competitive Landscape: Review strategic developments in the swimming pool market, including expansions, agreements, and new product launches.
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