Press release
Key Trends Shaping the Future Swimming Pool Construction Market From 2025-2034: Innovative Drone Swarming Capabilities Propel Major Companies In The Swarm Intelligence Market
Swimming Pool Construction Market Share
The anticipated increase in hotel construction is projected to stimulate the growth of the swimming pool construction market. Hotels are businesses that offer temporary lodging accommodations along with other services and amenities to guests or travelers. Including swimming pools in hotel design can enhance guest satisfaction, augment the hotel's all-around attractiveness, and boost its competitiveness in the market. For instance, Lodging Econometrics, a US-based provider of hospitality services, reported that in October 2023, there were 275 hotel construction projects in Canada with 37,780 rooms in Q3 2023, marking a 5% increase in projects and an 8% rise in rooms compared to the previous year. Additionally, Canada announced 22 new projects with 2,816 rooms during Q3. Thus, the growing hotel construction industry is fueling the development of the swimming pool construction market. Swimming Pool Construction Market Driver: Increasing Need For Enhancing Home Aesthetics Fuels Growth Of Swimming Pool Construction Market
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What is the projected compound annual growth rate (CAGR) of the swimming pool construction market from 2025 to 2034, and what factors influence it?
In recent times, the swimming pool construction market has shown a consistent rate of growth. Its size is predicted to increase from $7.27 billion in 2024 to reach $7.55 billion in 2025, with a compound annual growth rate (CAGR) of 3.8%. Factors that have contributed to growth in the historical period include a boom in real estate development, a rise in disposable income, wellness and lifestyle tendencies, and growth in the tourism and hospitality sector, as well as trends towards outdoor living spaces.
The market size of swimming pool construction is predicted to experience consistent growth in the ensuing years, reaching a value of $8.32 billion in 2029 with a 2.5% compound annual growth rate (CAGR). The expansion in the projection period can be credited to an increasing demand for custom designs, eco-friendly and sustainable measures, urbanization and high-rise projects, health and wellness factors, and trends driven by the pandemic. Notable trends for the forecasted period encompass pool design innovations, intelligent pool technologies, advancements in pool technology, eco-friendly and sustainable pool designs, saltwater pools, and alternative water treatment methods.
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How are the latest trends influencing the growth of the swimming pool construction market?
Dominant firms in the swimming pool construction sector are now emphasizing on the crafting of fiberglass inground pools to augment outdoor living areas. These fiberglass inground pools are pre-fabricated, sturdy pool structures made with fiberglass-reinforced plastic, tailored for installation in residential outdoor spaces. As an illustration, Explore Industries, a company located in the US that specializes in fiberglass pool manufacturing, introduced Evo Pools in January 2023. This is a fresh array showcasing high-quality fiberglass inground pools and spas, tailored for residential property constructors. This assortment offers various styles and designs, giving homeowners the flexibility to select pools that compliment the aesthetic of their new homes and align with their lifestyle choices. This collection specifically emphasizes on premium fiberglass inground swimming pools and spas conceived for home builders. The aim is to streamline the house construction process by providing builders an exclusive selection of pool designs that enhance outdoor living spaces. By meeting the growing need for outdoor luxuries, Evo Pools offer products that can be installed swiftly, usually within a week, and come with lifetime structural warranty. This strategy aids builders in augmenting their service offerings while permitting homeowners to craft lasting outdoor experiences as they settle into their new homes.
What are the major segments of the swimming pool construction market and their role in driving growth?
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
Subsegments:
1) By Above-Ground Pools: Metal Pools, Resin Pools, Hybrid Pools
2) By In-Ground Pools: Concrete Pools, Vinyl Liner Pools, Fiberglass Pools
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North America was the largest region in the swimming pool construction market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the swimming pool construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the swimming pool construction market?
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 Services, Paragon Pools, Hawaiian Pools and Waterscapes, Cody Pools Inc., California Pools
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What Is Covered In The Swimming Pool Construction Global Market Report?
•Market Size Forecast: Examine the swimming pool construction market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the swimming pool construction market for a structured understanding.
•Key Players Overview: Analyze major players in the swimming pool construction market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the swimming pool construction market.
•Segment Contributions: Evaluate how different segments drive overall growth in the swimming pool construction market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the swimming pool construction market.
•Industry Challenges: Identify potential risks and obstacles affecting the swimming pool construction market.
•Competitive Landscape: Review strategic developments in the swimming pool construction market, including expansions, agreements, and new product launches.
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