Evolve Business Intelligence has published a research report on the Global Swimming Pool Construction Market, 2023–2033. The global Swimming Pool Construction Market is projected to exhibit a CAGR of around 3.84% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Swimming Pool Construction Market: Aloha Pools Ltd, Aquamarine Pools, Concord Pools and Spas, Leisure Pools, Millennium Pools Pvt. Ltd, Myrtha Pools, Natare Corporation, Platinum Pools, Presidential Pools and Spas & Patio.
Market Highlights
The Global Swimming Pool Construction Market is projected to be valued at USD 11.58 Billion by 2033, recording a CAGR of around 3.84% during the forecast period. The Swimming Pool Construction Market refers to the industry involved in the planning, design, construction, and installation of swimming pools for residential, commercial, and public use.
The market is influenced by factors such as economic conditions, real estate development, lifestyle trends, climate, and innovations in construction technologies and materials. It also varies by region, with some areas having higher demand due to warmer climates and a strong tourism industry.
The COVID-19 pandemic had a significant impact on the Swimming Pool Construction Market. During the initial phases of the pandemic, many construction projects, including swimming pool installations, were delayed or halted due to lockdowns, social distancing mandates, and restrictions on non-essential services. Supply chain disruptions also made it difficult to obtain necessary materials and equipment, leading to further delays. As people spent more time at home due to lockdowns and travel restrictions, there was a surge in demand for residential swimming pools. Homeowners invested in backyard pools as a way to enhance their living spaces and provide recreation at home, leading to a rebound in the market, especially in the residential segment. The pandemic heightened awareness of health and wellness, driving interest in private pools for exercise and therapeutic purposes. This trend contributed to increased demand for custom-designed pools with features like lap lanes and spas. The pandemic accelerated the adoption of technology in the industry, including virtual consultations, online project management tools, and the use of smart technologies for pool maintenance and monitoring. These innovations helped companies continue operations despite physical restrictions.
Segmental Analysis
The global Swimming Pool Construction Market has been segmented based on Material and Construction Type.
Based on Material, the Swimming Pool Construction Market is segmented into Concrete, Fiberglass, Vinyl Liner and Steel Frame. The Concrete segment is anticipated to dominate the market.
Based on Construction Type, the global Swimming Pool Construction Market has been divided into Above-ground and In-ground. The In-ground segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/swimming-pool-construction-market-analysis/
Regional Analysis
The Swimming Pool Construction Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America, particularly the United States, is a major market for swimming pool construction. The demand is driven by high disposable incomes, a strong focus on home improvement, and favorable climates in many regions. The market includes both residential and commercial segments, with a growing interest in luxury and custom-designed pools. In Europe region Countries like Germany, France, and the United Kingdom have mature swimming pool markets with a focus on high-quality construction and design. The demand is influenced by both residential and commercial sectors, including luxury hotels and resorts. Energy-efficient and environmentally friendly pool solutions are gaining popularity. The market also sees interest in innovative designs and luxury features. In Asia-Pacific region, rapid urbanization, increasing disposable incomes, and a growing middle class are driving demand for swimming pools in countries like China and India. The market is expanding in both residential and commercial segments. The market is seeing growth in affordable and mid-range pools, as well as increasing interest in high-end and customized pool designs. In Latin America, countries with warmer climates, such as Brazil and Mexico, have a growing market for residential and commercial swimming pools. The demand is driven by home improvement trends and tourism development. In Middle East and Africa region, countries like the UAE, Saudi Arabia, and Qatar, the market for swimming pools is strong due to high disposable incomes, luxury living, and a focus on high-end residential and commercial projects. The market in Africa is more nascent but is growing, particularly in countries with warmer climates and increasing urban development. South Africa and Nigeria are key markets.