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Global Pool Equipment and Maintenance Market Research Report – Segmented By End-users Type (Residential Swimming Pools and Commercial Swimming Pools), Design Type (Inground Swimming Pools, Above Ground Swimming Pools), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Analysis on Market Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 10694
Pages: 175
Formats: report pdf report excel report power bi report ppt

Pool Equipment and Maintenance Market Size (2023 to 2028)

The global pool equipment and maintenance market is predicted to be worth USD 33.8 billion by 2028 from USD 19.44 billion in 2023, growing at a CAGR of 11.7% from 2023 to 2028.

Pool equipment is defined as a combination of electronic and mechanical devices designed to manage the disinfection, filtration, and circulation of pool water, individually or in combination with each other. Pool equipment is used for the installation of new swimming pools and for the operation and maintenance of swimming pools. This equipment is designed for cleaning and maintaining swimming pools. The global tourism market has experienced strong growth, which has contributed significantly to the global hotel industry. The number of tourist arrivals from all over the world has increased significantly. The number of travelers is likely to increase due to government initiatives to promote tourism and a surge in the number of new hotels in the world, which is likely to pave the way for more swimming pools, the development of pool equipment, and a maintenance market.

MARKET DRIVERS:

The growing trend of owning personal swimming pools, the rising DIY installation in pools, and the rise of online support options offering advice for basic pool maintenance tasks and commissioning majorly propel the growth of the pool equipment and maintenance market. Implementing energy-efficient methods to increase cost savings is the latest trend likely to fuel the global market growth. The growing demand for additional features for the swimming pool, the increasing use of green products, and the changing purchasing behavior of customers in developed and developing countries are among the emerging trends favour the growth of the pool equipment and maintenance market. In addition, the growth of the tourism and hospitality industry, growing urban population, and internet penetration contributing to increased awareness of the pros and cons of having swimming pools for residential buyers supports the global market growth.

Furthermore, the global pool equipment and maintenance market is primarily driven by the increasing demand for a safe and aesthetic swimming pool environment to enhance the performance of the swimming pool water. Increasing urbanization and the growing need for personal swimming pools have resulted in significant growth in the market. With the growth of the tourism and hospitality industry and the right temperature, especially in Europe, more investments are attracted in the construction of swimming pools and, therefore, with an impact on the market for the treatment equipment of the swimming pool water. The need for swimming pool equipment is supposed to increase at a rapid rate during the conjecture period. Increased interest in sports and raising awareness of how to lead a healthy lifestyle are the main drivers of the global pool equipment and maintenance market. In addition, the demand for swimming pool equipment is increasing due to the growth of the construction industry and infrastructure, which improves the need for the construction of new swimming pools. In addition, the increased participation in swimming sports activities and the rise in the number of water sports enthusiasts are boosting the market for pool equipment and maintenance. In addition, the global market is supposed to expand due to the boom in the tourism industry, increasing urban population, growth in construction activities, increase in swimming club memberships, and rising disposable income.  Growing demand for market consolidations, technological innovations, personal swimming pools, and robotic pool cleaners are some of the main trends in the global pool equipment and maintenance market.

MARKET RESTRAINTS:

However, the seasonal trend in the use of swimming pools will hamper the market for pool equipment and maintenance. Swimming pools are only used during the summer season, and most of the countries with the highest share have extreme temperatures in winter, resulting in the loss of the market for pool equipment and maintenance during the winter season. The rising energy costs worldwide further impede the global market growth. Sales seasonality and weather uncertainties, rising commodity prices, and strong competition in major trading countries are likely to constrain the market.

Impact of COVID-19 on the global pool equipment and maintenance market:

Since the coronavirus outbreak in December 2019, the disease has spread to nearly 120 countries around the world, and the WHO has declared it a public health emergency. The global impacts of the COVID-19 disease are already starting to be felt and will significantly influence the pool equipment and maintenance market in 2020. With properly sanitized pool water, the main risk of coronavirus is respiratory transmission through the air from a person carrying this virus to other people in a critical area, not transmission by water.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

11.7%

Segments Covered

By End-users Type, Design Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia-Pacific, Latin America, Middle east and Africa

 

This research report on the global pool equipment and maintenance market has been segmented and sub-segmented into the following categories.

Pool Equipment and Maintenance Market - By End-Users Type:

  • Residential Swimming Pools
  • Commercial Swimming Pools

The residential segment is likely to be the biggest contributor to the global pool equipment and maintenance market during the forecast period. The residential swimming pool segment includes buyers such as owners of single-family homes, apartments, and condos. The number of swimming pools in the single-family home segment is lower than in apartments and condominiums. However, the number of swimming pools in apartments and condos is increasing due to urbanization around the world and the growing awareness of staying fit.

Pool Equipment and Maintenance Market - By Design Type:

  • In-Ground Swimming Pools
  • Above Ground Swimming Pools

The above-ground swimming pools segment is anticipated to account for the leading share of the global market during the forecast period. The growth of inground pools will overtake above-ground pools.

Pool Equipment and Maintenance Market - By Region:

  • North America
  • Europe 
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Europe holds the major share of the global pool equipment and maintenance market due to population growth, higher disposable income, pleasant climates, and dependence on tourism, and is at the market point of stimulating growth in European areas. This has allowed Europe to hold the largest share of the worldwide market and will maintain its dominance in the coming years.

North America is predicted to capture a promising share of the worldwide market from 2023 to 2028 due to the increasing number of households with swimming pools. In 2019, according to the Association of Pool and Spa Professionals, there are approximately 13.5 million residential swimming pools, and this number is supposed to rise in the coming years, which is expected to boost the growth of the pool equipment and maintenance market in the North American region during the forecast period.

KEY MARKET PLAYERS:

Emaux Water Technology, Adolph Kiefer & Associates, Desjoyaux, In The Swim, Hayward Industries, Inc., Pentair Ltd., DSL Tech. Group, Waterco, Laswim Pool and SPA Equipment Co. Ltd., Aqua Industrial Group and Expertos en Piscinas y Spas AstralPool are some of the leading players in the global pool equipment and maintenance market.

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FAQ's

Which regions are witnessing the highest growth in the pool equipment and maintenance market?

North America, Europe and APAC are projected to witness the highest growth in the worldwide market during the forecast period. 

How has the COVID-19 pandemic affected the pool equipment and maintenance market?

During the COVID-19 pandemic, there was a surge in demand for home swimming pools and pool maintenance products as people spent more time at home.

What are the key factors driving the growth of the pool equipment and maintenance market?

Factors such as increased interest in home swimming pools, rising disposable incomes, and a focus on pool water quality and aesthetics primarily drive the growth of the pool equipment and maintenance market. 

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