Swimming Pool Construction Market Analysis and Global Forecast (2023-2033) with COVID Impact Analysis

Swimming Pool Construction Market Overview

The Swimming Pool Construction Market Size is expected to reach USD 11.58 Billion by 2033. The Swimming Pool Construction Market industry size accounted for USD 8.14 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 3.84% from 2023 to 2033. 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.

Global Swimming Pool Construction Market Synopsis

COVID-19 Impact Analysis

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.

Swimming Pool Construction Market Dynamics

The major factors that have impacted the growth of Swimming Pool Construction Market are as follows:

Drivers:

Ø  Technological Advancements

The integration of smart technologies, such as automated cleaning systems, energy-efficient pumps, and remote monitoring, is making pool ownership more convenient and appealing, driving demand. Advances in materials (e.g., fiberglass, composite) and construction techniques are enabling faster, more cost-effective pool installations, which in turn is expanding the market. As urbanization continues, there is a growing demand for new housing developments, many of which include swimming pools as a standard or premium amenity, especially in high-end residential projects. The construction of hotels, resorts, and luxury apartments often includes swimming pools as a key feature to attract guests and residents, driving market growth.

Restraint:

• Perception of High Initial Costs and Water Scarcity Issues

Building a swimming pool involves significant upfront expenses, including design, excavation, materials, and labor. The high cost can be a major barrier for many potential customers, particularly in regions with lower disposable incomes. In addition to the initial construction costs, ongoing maintenance, including cleaning, water treatment, and repairs, can be expensive, deterring some homeowners from investing in a pool. In areas facing water scarcity, there is growing pressure to reduce water consumption, which can lead to restrictions on pool construction. Pools are often perceived as water-intensive, making them less desirable in drought-affected regions.

Opportunity:

⮚      Growing Residential Market

As homeowners continue to invest in their properties, there is a growing demand for residential swimming pools. This trend is driven by the desire for enhanced outdoor living spaces and personal recreation. Opportunities exist in offering custom-designed and luxury pools with unique features and high-end finishes, catering to affluent homeowners looking for exclusive amenities. The demand for sustainable building practices is growing. Opportunities exist for constructing pools using eco-friendly materials, energy-efficient systems, and water-saving technologies that align with green building standards.

Swimming Pool Construction Market Segment Overview

By Material

Based on Material, the market is segmented based on Concrete, Fiberglass, Vinyl Liner and Steel Frame. The concrete represented the largest segment. The concrete segment is the largest in the swimming pool construction market, primarily due to its versatility, durability, and customizability. Concrete pools are constructed by shaping and lining a hole in the ground with reinforced concrete. They offer endless design possibilities, allowing for unique shapes, sizes, and features, making them a preferred choice for those seeking a customized pool that seamlessly blends with their property’s aesthetics.

By Construction Type

Based on Construction Type, the market segment has been divided into Above-ground and In-ground. In-ground swimming pools segment dominant segment in the swimming pool construction market. These pools are installed below ground level and are known for their durability, aesthetics, and versatility in design. They are often chosen by homeowners and commercial property owners seeking a permanent and luxurious pool feature. In-ground pools provide ample space for swimming, recreation, and entertainment, making them ideal for larger properties. They can be customized extensively, allowing for the integration of unique features, such as waterfalls, spa areas, and elaborate landscaping.

Global Swimming Pool Construction Market Regional Analysis

Based on region, the global Swimming Pool Construction Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Swimming Pool Construction Market followed by the Asia-Pacific and Europe regions.

North America Market

North America holds a dominant position in the Swimming Pool Construction Market. 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 favourable climates in many regions. The market includes both residential and commercial segments, with a growing interest in luxury and custom-designed pools and innovations in pool technology, such as smart pools and eco-friendly solutions, are popular. There is also a significant focus on pool renovations and upgrades.

Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Swimming Pool Construction Market industry. 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 and the market is seeing growth in affordable and mid-range pools, as well as increasing interest in high-end and customized pool designs.

Competitive Landscape

The global Swimming Pool Construction Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

• Aloha Pools Ltd
• Aquamarine Pools
• Concord Pools and Spas
• Leisure Pools
• Millennium Pools Pvt. Ltd
• Myrtha Pools
• Natare Corporation
• Platinum Pools
• Presidential Pools
• Spas & Patio

Key Development

In March 2022, Concord Pools and Spas expanded their business in the Asia-Pacific region. This expansion reflects the company’s strategic approach to globalize its presence and tap into emerging markets in the Asia-Pacific, which is indicative of the growing demand for swimming pools in these regions.

In January 2022, Leisure Pools Group inked a deal to purchase Groupe Beneteau’s manufacturing facility in Marion, South Carolina. This acquisition is a strategic move to enhance the company’s manufacturing capabilities and expand its market presence in the United States, signifying a commitment to growth and increased production capacity.

Scope of the Report

Global Swimming Pool Construction Market, by Material

• Concrete
• Fiberglass
• Vinyl Liner
• Steel Frame

Global Swimming Pool Construction Market, by Construction Type

• Above-ground
• In-ground

Global Swimming Pool Construction Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $11.58 Billion
CAGR	3.84% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Material, Construction Type
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	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
Key Market Opportunities	• Growing Residential Market • Sustainable and Green Building Practices
Key Market Drivers	• Technological Advancements Rising Urbanization and Real Estate Development

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Swimming Pool Construction Market trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities in the future
• Swimming Pool Construction Market historical market size for the year 2021, and forecast from 2023 to 2033
• Swimming Pool Construction Market share analysis at each product level
• Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
• Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
• To identify and understand the various factors involved in the global Swimming Pool Construction Market affected by the pandemic
• To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.