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Global Swimming Pool Construction Market to Grow at a CAGR of 3% During 2021-2026, Aided by the Flourishing Tourism Sector

According to a new report by EMR titled, ‘Global Swimming Pool Construction Market Report and Forecast 2021-2026’, the market expected to grow at a CAGR of 3% in the forecast period of 2021-2026.

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.

Market Analysis by Material, Type, End User, and Region:

  • The market, on the basis of material, can be divided into concrete, fibreglass, vinyl liner, and steel frame, among others.
  • Based on type, the industry can be divided into above ground and in-ground.
  • The end users for swimming pool construction include residential and non-residential.
  • The regional markets for swimming pool construction include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The robust growth of the construction sector and the increasing development of residential buildings are aiding the market growth.
  • The market is driven by the introduction of favourable government programs to promote swimming as a sport.
  • The growth of the tourism sector is escalating the demand for luxurious hotels and resorts, which is propelling the market growth.
  • Technological advancements such as UV light system and smart technology ease the maintenance of swimming pools and is further driving the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global swimming pool construction market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the materials, types, end users, and regions of swimming pool construction.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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