Swimming Pools and Spas Market - By Product (Movable Swimming Pools, Movable Spas), By Accessories (Pool Accessories, Spa Accessories), By Material (Plastic, Rubber, Fiberglass, Stainless Steel), Forecast 2024 - 2032

Swimming Pools and Spas Market Size

Swimming Pools and Spas Market size was valued at over USD 2 billion in 2023 and is anticipated to grow at a CAGR of over 7.5% between 2024 & 2032. Advancements in pool & spa technology boost the market by providing novel features such as energy-efficient systems, smart automation, and water conservation solutions.
 

These technological advancements improve user experience, promote safety, and correlate with environmentally responsible practices, resulting in greater customer interest & demand. As consumers seek modern and effective solutions, the ongoing advancement of pool & spa technologies becomes an important element, driving overall market growth. For instance, in June 2022, PoolPal Corp. launched a lineup of industry-leading AI-driven swimming pool automation system platforms. PoolPal is a composable industrial-grade platform that functions as a cloud-integrated control system by generating a digital replica of a physical entity in a cyber-physical environment, providing the operator with energy monitoring, control, agility, flexibility & dependability on a safe platform.
 

A swimming pool and spa refer to recreational water facilities designed for swimming, relaxation, and hydrotherapy. A swimming pool is typically a structure filled with water for swimming and water-based activities. Spas, or hot tubs, are smaller water vessels with jets that provide therapeutic and relaxing experiences. Both are commonly used for leisure, exercise, and therapeutic purposes in residential, commercial & recreational settings.
 

High operating costs and maintenance requirements act as significant pitfalls for the swimming pool and spas market. These factors can deter potential customers due to increased expenses related to energy consumption, water treatment, and regular maintenance. The ongoing operational and upkeep costs may discourage adoption or impact the overall affordability for consumers, limiting market progress.
 

Swimming Pool and Spas Market Trends

The increased emphasis on pleasure and fitness at home is fueling interest in residential pools and spas. The global trend reflects an increasing preference for personal, convenient leisure areas as people seek to establish private oases for relaxation and physical well-being within the comfort of their homes, contributing to an increase in residential pool and spa installations.
 

The market reacts to increased consumer demand for distinctive and visually appealing pool designs. To improve outdoor aesthetics, homeowners are increasingly seeking bespoke elements, novel forms, and premium finishes. This trend is consistent with a broader lifestyle focus, where pools serve as elegant outdoor spaces that represent individual tastes while also improving the overall visual appeal of residential & commercial premises.
 

Swimming Pool and Spas Market Analysis

Based on pool material, the market is segmented into plastic, rubber, fiberglass, and stainless steel. The plastic segment dominated the market in 2023 with a share of over 35%.
 

• Plastic pool materials excel in cost-efficiency, providing a more economical choice for consumers and businesses. These materials are often less expensive to produce and install than traditional alternatives, making them an attractive option for those seeking budget-friendly quality pool solutions without compromising durability or design versatility.
   
• Certain plastic materials require minimal maintenance, reducing the long-term costs associated with upkeep and repairs, thereby making them an attractive option for consumers seeking hassle-free pool ownership.

Based on accessories, the swimming pools and spas market is divided into pool accessories and spa accessories. The pool accessories segment is anticipated to register a CAGR of over 8.5% by 2032.
 

• Lifestyle enhancement in the pool accessories market showcases consumer demand for products that improve pool visual appeal, comfort, and entertainment. As people increasingly consider their outdoor spaces to be extensions of their homes, there is a rising desire to invest in accessories that not only serve functional reasons but also contribute to a more opulent, visually beautiful, and enjoyable pool experience.
   
• The development highlights a demand for pool accessories that promote health and relaxation. This includes hydrotherapy jets, water features, and energy-efficient heating systems that align with the increased consumer focus on wellness and create a holistic pool experience to promote physical & emotional well-being.

Europe dominated the market with a share of over 30% in 2023. The Europe swimming pools and spas market is expanding due to the growing focus on leisure and wellness-oriented living. The growing need for therapeutic benefits among the aging population, rising disposable incomes, and the growing popularity of home-based leisure activities contribute to market expansion. Furthermore, the demand for pools and spas is driven by the desire for visually appealing outdoor spaces as well as an awareness of health and fitness. Europe's convergence of lifestyle trends makes it a key player in this industry.
 

Swimming Pool and Spas Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.
 

Swimming Pool and Spas Market Share

Some of the major players operating in the swimming pool and spas industry are

• Intex Recreation Corp.
• Coast Spas
• Villeroy & Boch
• Bullfrog Spas
• Variopool B.V.
• Guncast Swimming Pools Limited
• Watkins Wellness
   

Swimming Pool and Spas Industry News

• In September 2023, Coast Spas Manufacturing formed a strategic partnership with Catalina Spas, expanding its presence in the UK. This collaboration strengthened Coast Spas' reach in the UK market, leveraging Catalina Spas' expertise to enhance the distribution and accessibility of its premium spa products.
   
• In March 2023, Bullfrog Spas introduced the 2023 A Series line of hot tubs, offering enhanced features and designs. The series provides an upgraded & immersive experience for hot tub enthusiasts.
   

The swimming pool and spas market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Product, 2018 – 2032

• Movable Swimming Pools
• Movable Spas

By Accessories, 2018 – 2032

• Pool Accessories
  • Pool Covers
  • Poolpod
  • Integrated Stairs
  • Water Depth Display 
• Spa Accessories
  • Tub Covers
  • Tub Pad
  • Stairs

By Material, 2018 – 2032

• Plastic
• Rubber
• Fiberglass
• Stainless Steel
• Others
   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA