Swimming Pool Market 2017: H.C. Harrington, Hayward Pool Products, Laswin Pool Products, Swimlime
]According to the report, the global economic growth has resulted in large-scale urbanization. According to the UN estimates, as of 2016, 55% of the world's population resides in urban areas, which is likely to increase to more than 62% by 2021. Around 90% of the global urban population is from APAC and Africa. The urban population in APAC is expected to grow from 42% in 2010 to 53% in 2021. The urban population in other developing countries, such as countries in Africa and South America, is expected to grow from 40% in 2010 to 49% in 2021.
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Further, the report states that the installation and maintenance costs of a swimming pool are very high. It is expensive to own a swimming pool because of the costs associated with regularly changing the water, cleaning the filters, and power consumption by motor pumps. In addition, skilled and trained individuals are needed to operate swimming pool equipment, which adds to the overall expense. Moreover, many countries face water scarcity because of the worsening of the ecological balance. In countries like Yemen, Libya, and Jordan that have the highest water scarcity, the cost of water is extremely high. Therefore, with the already existing financial weakness, the high initial costs act as a barrier to the growth of swimming pools in most of the developing countries. This limits the revenue inflow of the market.
About Swimming Pool
The global swimming pool market is likely to experience growth during the forecast period. This growth is attributed to the increasing construction of a large number of residential structures and hotels globally. The growth of the market will be primarily driven by urbanization. In 2016, more than half of the global population resided in urban areas, and this is likely to increase by 2021. The growing urbanization will result in the need for a better lifestyle and increase in infrastructure construction. The hectic lifestyles of people will result in a high preference for all amenities within the same infrastructure. This will likely drive the growth of the swimming pool market as swimming pools are becoming one of the most important lifestyle amenities.
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Covered in this report
The report covers the present scenario and the growth prospects of the global swimming pool market for 2017-2021. To calculate the market size, the report considers the demand for swimming pool equipment.
The market is divided into the following segments based on geography:
Global Swimming Pool Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Hayward Pool Products
Caswin Pool Products
Other prominent vendors
Ningbo Linya Swimming Pool & Water Treatment Equipment
Pool Tool Company
SunRunner Pool Equipment
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High installation and maintenance costs
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Growing consumer spending capability
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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