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Swimming Pool Construction Market By Material (Concrete, Fiberglass, Vinyl Liner, Steel Frame) By Construction Type (Above-ground, In-ground) By End User (Residential, Non-residential) By Type (In-Ground Swimming Pool, Indoor Swimming Pool, Swimming Pond), By Application (Residential, Non-Residential) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

What impact does urbanization have on the global swimming pool construction market?

Large-scale urbanization is the primary driver of growth in the swimming pool market. The world's urban population has increased significantly, from 751 million in 1950 to 4.46 billion in 2021, and is expected to reach 6.68 billion by 2050. Asia and Africa will account for 90 percent of global urban population growth between 2021 and 2050. Large-scale urbanization is the primary driver of growth in the swimming pool market. Global urbanization on a large scale has resulted in a major increase in demand for high-quality infrastructures such as urban residential complexes and commercial areas such as hotels. The construction market in economies such as Asia and Africa are focusing on creating new residential infrastructures such as high-rise residential buildings. As the world's population grows, so will the demand for residential infrastructure. This is projected to augment the swimming pool market flourish. Rapid population expansion has prompted developed construction markets in nations such as the United States, the United Kingdom, Spain, and Germany to prioritize improving the quality of current residential infrastructure.

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What is the Market Size of Swimming Pool Construction in terms of value?

Global Swimming Pool Construction Market is projected to increase at a significant CAGR of 3.50% in the coming years. In 2021, the global Swimming Pool Construction market was valued at USD 6829.5 Million and is projected to reach at the value of USD 8395.19 million by 2028. The demand for Swimming Pool Construction is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 1565.69 million during the forecast period between 2022 and 2028.

How does government/ public funding help the swimming pool construction market to grow?

The implementation of various beneficial government programs and financing to help swimming and water safety is growing demand for swimming pools, catalyzing market growth. For example, the Australian government committed $11.2 million in government, catholic, and specialized schools to strengthen the implementation of swimming and water safety programs, increasing demand for swimming pool building and propelling the market growth. Furthermore, increased financial assistance from the government and private organizations to promote swimming as a sport is fuelling market expansion. Furthermore, the growing popularity of water and adventure sports and the rapid building of water parks in developed economies such as India are fuelling market expansion. 

Interesting Facts about Swimming Pool Construction Industry

  • The robust growth of the construction and infrastructure sectors drives the worldwide swimming pool construction market. The market is likely to expand further, supported by increased demand for luxury residences.
  • Over the forecast period, the swimming pool construction business is hampered by high maintenance and construction costs. 
  • Asia Pacific region had a major share in terms of volume and value in the global Swimming Pool Construction market in 2021 and is projected to continue its dominance over the forecast period.
  • Concrete Swimming pools are the most popular in residential and commercial properties.

Who are the Top 10 players/companies in the Swimming Pool Construction market in terms of value and volume?

The key players in the global Swimming Pool Construction market in terms of value and volume include Aloha Pools Ltd., Aquamarine Pools, Concord Pools and Spas, Leisure Pools, Millennium Pools Pt. Ltd., Mirtha Pools, Nature Corporation, Platinum Pools, Presidential Pools, Spas & Patio, and Southern Poolscapes. In addition, many companies in the swimming pool industry offer customizations of designs for swimming pools based on size, shape, and type. However, some standard designs are pre-produced in fiberglass and vinyl liner material. The players also offer filtration, heating, decorative, and other swimming pool accessories. For instance, in 2022, Concord Pools and Spas, one of the US's largest swimming pool designing and construction firms, surpassed USD 20 Billion in revenue and added two new business lines within the pool maintenance and servicing sector.

Who are the Top 10 Countries in the Swimming Pool Construction Market?

In the global Swimming Pool Construction market, the major countries are the United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, and Mexico. With 10.4 residential swimming pools, the United States is unquestionably the world leader in the number of private swimming pools. The cruise ship sector 

is robust, with major global cruise shipping corporations headquartered in the United States. The residential and commercial construction sectors in the United States are both growing at a rapid pace. Water parks and other adventure attractions are likewise becoming more popular in the US. As a result, the swimming pool business has a strong market and demand. The statistic shows public funding for Olympic swimming in the United Kingdom (UK) through UK Sport from 2000 through 2024, by venue of games. UK Sport invested around 18 million British pounds in swimming for the 2024 Olympic Games in Paris. 

Which is the Key End User Sector in the Swimming Pool Construction Market?

The key sector of Swimming Pool Construction includes the residential and commercial sector. The growing number of residential construction projects worldwide is a significant driver of the swimming pool construction market. When compared to commercial pool construction, residential swimming pool construction is the larger market and is likely to maintain its dominance during the projection period. The ongoing recovery of the home construction industry in the United States, major European countries, China, India, and several other countries throughout the world is a favorable growth factor for global swimming pool construction. Attractive amenities in residential complexes attract property purchasers, who persuade developers to incorporate a swimming pool and gym in their developments. Furthermore, an increasing number of worldwide travelers and a thriving tourism business, aided by an increase in wealth and tourism spending,

 The ongoing recovery of the home construction industry in the United States, major European countries, China, India, and several other countries throughout the world is a favorable growth factor for global swimming pool construction. 

What are the Major Driving Factors for the Swimming Pool Construction Market?

A significant swimming pool market trend likely to have a favorable impact on the industry during the projected period is the rapid rise in the tourist industry. In addition, the increase in per capita income of people has led to a luxurious lifestyle, which has resulted in the construction of many swimming pools in the backyards of residential houses. As swimming pools become one of the most significant lifestyle amenities, this will most likely fuel the expansion of the swimming pool market. Furthermore, the robust growth of the construction and infrastructure sectors drives the worldwide swimming pool construction market. Also, the integration of new technologies, such as innovative IoT, in heating, filtration, and other swimming pool systems reduces maintenance costs and increases the swimming pool construction market.

What are the Major Restraints for the Swimming Pool Construction Market?

Swimming pool construction and maintenance is an expensive investment. Affording regular maintenance might be tough at times, which fills the swimming pool with trash and makes it look dirty. As a result, the swimming pool construction business is hampered by high maintenance and construction costs. Furthermore, the pandemic has proven to be a major hindrance in the Swimming Pool Market. Sales have been affected by a lack of outdoor activity during global lockdown periods. Budget cuts by hotels and resorts because of lower tourism also impacted the Swimming Pool Market.

Which Region Dominated the World Swimming Pool Construction Market?

In 2021, North America supplied nearly 44 percent of the region's revenue, with the United States leading the way. This region's market growth will be slower than that of Europe, APAC, and South America. Swimming pool market expansion in North America would be supported by the presence of developed infrastructure and a thriving wellness tourism industry throughout the forecast period. As a result, swimming pool development in the United States is predicted to expand at a rate of more than 4% per year.

However, Asia Pacific is projected to witness substantial growth in the coming years. Large-scale urbanization is the primary driver of growth in the swimming pool market. According to estimates, 55 percent of the world's population lives in cities as of 2019, with that figure expected to rise to more than 62 percent by 2021. APAC and Africa account for around 90% of the world's urban population.

Segmentation of Global Swimming Pool Construction Market-

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 End User

  •         Residential 
  •         Non-residential

Frequently asked questions about the global Swimming Pool Construction industry.

The swimming Pool Construction market also suffered from COVID 19 pandemic, which resulted into the decline of over 8% in revenue generated in 2020

North America accounted for the highest share in the global Swimming Pool Construction market in terms of value as well as volume.

ncreasing income, budget for home purchase, and rising demand for attractive accommodations are all influencing the construction of swimming pools, spas, and gyms in residential complexes. This is the primary driver of the global swimming pool construction market.

The in-ground segment accounts for most of the global swimming pool market by construction type.

Swimming Pool Construction Market Scope

Report Attribute Details
Market Value in 2021 USD 6829.5 Million
Market Value in 2028 USD 8395.19 million
CAGR 3.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Building & Construction
Report ID:   59322
Report Format:   PDF
Pages:   180
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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