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The swimming pool construction industry is witnessing steady growth in North America due to the rising demand for luxurious housing and the increasing tourism sector in the region. Moreover, rising government spending on public pools to promote swimming as a sporting activity is further catalysing the market growth. Additionally, the increasing prevalence of swimming lessons and water safety for both adults and children is providing further impetus to the market growth. Europe is also witnessing robust growth due to the increasing number of house owners and rising per capita income in the region. Meanwhile, the Asia Pacific region is expected to witness considerable growth owing to the rising tourism sector in the region. As first-world travellers are preferring the region due to low expenditure, the demand for the premium hospitality industry is increasing, further contributing to the overall growth of the market.
Some of the leading companies in the market are Pool Corporation (NASDAQ: POOL) and Leisure Pools, which are constantly evolving and offering more advanced products and services. Leisure Pools, one of the leading players in the market, offers inground fibreglass swimming pools with a lifetime structural warranty. It uses Composite Armour, a revolutionary new technology, to achieve tremendous improvement in flexural and tensile strength. Moreover, it makes the pools 111% stronger than the standard fibreglass swimming pool. In addition, it reduces step and bench deflection and provides a solid foundation for entry and exit steps and benches. Furthermore, the pools are packed with functional features like a safety ledge, swim jet system, and tanning ledges. Such developments and innovations are anticipated to fuel the market growth in the forecast period.
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The major players in the global market for swimming pool construction are Aloha Pools Ltd., Aquamarine Pools, Concord Pools and Spas, Leisure Pools, Millennium Pools Pvt. Limited, Platinum Pools, and Presidential Pools, Spas & Patio, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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