IMARC Group, a leading market research company, has recently released a report titled “Swimming Pool Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global swimming pool construction market demand, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Swimming Pool Construction Industry?
According to the report, The global swimming pool construction market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
What is Swimming Pool Construction?
Swimming is a form of exercise that enhances the flexibility of the body by loosening up the muscles and reducing pressure on the joints. It helps fight against various chronic diseases, such as diabetes, heart complications, and sinus issues, and releases happy hormones to elevate the mood. It also prevents obesity by losing weight and toning the body. It boosts the stamina of the body and does not exert a tremendous amount of stress on the body compared to other forms of workout. It improves mental health conditions by reducing anxiety and depression. Swimming also facilitates the formation of lean muscles as it stretches the body effectively and burns stored calories. At present, there is a rise in the construction of swimming pools in houses as it increases the value of the property and helps brokers attract more buyers. It also allows the residents to host pool parties with friends and family. As swimming pool construction offers various benefits to children and adults, it is also constructed in schools, community centers, and clubs across the globe.
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What are the growth prospects and trends in the Swimming Pool Construction industry?
Presently, the increasing construction of swimming pools in residential complexes to provide premium amenities to the occupants represents one of the key factors driving the market. Besides this, there is a rise in swimming activities among the masses around the world to lose weight. This, coupled with the increasing awareness about the benefits of swimming to prevent chronic diseases, is propelling the growth of the market. In addition, rising number of hotels, clubs, resorts, and homestays with luxurious swimming pools to accommodate travelers across the globe is currently contributing to the growth of the market. Apart from this, the increasing number of swimming activities due to the growing sedentary lifestyles, consumption of unhealthy diets, and rising prevalence of lifestyle diseases is positively influencing the market. Additionally, the increasing occurrence of arthritis and osteoporosis, along with the growing geriatric population worldwide, is offering a favorable market outlook.
Moreover, swimming is an effective exercise for athletes and bodybuilders as it helps build muscles. This, along with the rising number of fitness enthusiasts and athletes worldwide, is strengthening the growth of the market. Furthermore, major market players are investing in research and development (RD) to build swimming pools with enhanced qualities, such as chlorine-free water systems and heating facilities, to keep the pool water warm and clean, which is projected to bolster the growth of the market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Concrete
- Fiberglass
- Vinyl Liner
- Steel Frame
Breakup by Construction Type:
- Above-ground
- In-ground
Breakup by End User:
- Residential
- Non-Residential
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aloha Pools Pty Ltd
- Aquamarine Pools
- Blue Haven Pools
- Cody Pools Inc.
- Concord Pools and Spas
- Leisure Pools
- Millennium Pools Pvt. Ltd.
- Myrtha Pools
- Natare Corporation
- Platinum Pools
- Presidential Pools
- Spas Patio
- Southern Poolscapes.
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