IMARC Group's report titled "Swimming Pool Construction Market Report by Material (Concrete, Fiberglass, Vinyl Liner, Steel Frame), Construction Type (Above-ground, In-ground), End User (Residential, Non-Residential), and Region 2024-2032", The global swimming pool construction market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2032, exhibiting a growth rate(CAGR) of 3.1% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/swimming-pool-construction-market/requestsample
Factors Affecting the Growth of the Swimming Pool Construction Industry:
The increasing disposable incomes globally, especially in emerging economies, is impelling the growth of the market. As personal earnings rise, families and individuals are more inclined to invest in leisure and luxury amenities within their residential properties, including swimming pools. Moreover, there has been a noticeable shift towards a more health-conscious lifestyle, where homeowners appreciate the value of physical activities, such as swimming for fitness and relaxation. This trend is further supported by the growing interest in home improvement and enhancement projects, fueled by the desire to increase property value and the enjoyment of living spaces.
As cities expand and the number of residential and commercial properties grows, the demand for swimming pools as an amenity increases, particularly in hotels, resorts, and high-end residential complexes. Real estate developers are increasingly incorporating swimming pools into their projects to enhance property attractiveness and competitive edge in the market. This is evident in both developed and developing regions where urban sprawl continues to accelerate. Additionally, the revitalization of urban areas and the redevelopment of older properties often include the addition or upgrading of swimming pools.
The integration of technology in swimming pool construction to improve both the construction process and the functionality of swimming pools is supporting the market growth. Technological innovations, such as automated pool covers, energy-efficient filtration systems, and advanced heating solutions enable easier maintenance and longer operational lifespans, which are appealing features for potential pool owners. Additionally, the adoption of eco-friendly technologies, such as solar heating and water-saving filtration systems, aligns with increasing environmental concerns among individuals. This trend of smart and sustainable living encourages more homeowners to consider swimming pools as a feasible option.
Leading Companies Operating in the Global Swimming Pool Construction Industry:
