According to a new market report published by Credence Research Inc “Swimming Pool Construction Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” the swimming pool construction market is primarily driven by the rising number of residential construction projects worldwide. Steady recovery in the residential construction industry in the U.S., major European countries, China, India and several other countries across the world represents a positive growth factor for the global swimming pool construction industry. Attractive amenities in residential complexes are drawing attentions of property buyers which is influencing the builders to include swimming pool and gym facilities in their projects. This trend is expected to continue over the forecast period from 2018 to 2026. In addition, increasing number of global travelers and booming tourism industry supported by increasing income level and spending on tourism expected to increase the output hotel industry. This will attract investment in this growing hotel industry and expected to support the growth of swimming pool construction market. The global market for swimming pool construction was valued at US$ 38.2 Bn in 2017 which is expected to grow at a CAGR of 3.8% throughout the forecast period from 2018 to 2026.
Increasing income, budget to purchase home and rising demand for attractive amenities is influencing the construction of swimming pools, spas and gyms in residential complexes. This is the major driving factor for the growth of residential swimming pool constructions market globally. The residential swimming pool construction is the largest market compared to commercial swimming pool construction and expected to maintain its dominating position throughout the forecast period. In this segment, we have considered swimming pool constructed in residential complexes, bungalows, row houses and other type of individual houses. However, increasing consumer spending on tourism influencing construction of new hotels. Commercial segment is expected to witness the fastest growth over the forecast period from 2018 to 2016.
In 2017, North America is the largest market for swimming pool construction. After economic slowdown in 2012, the U.S. construction industry is steadily gaining pace with increasing residential as well as commercial construction activities. Swimming pool construction in the U.S. is expected to witness steady growth of 4.2% over the forecast period. Asia Pacific and Middle East are expected to witness considerable growth in luxurious residential construction represents positive outlook for swimming pool manufacturers in these regions.
Browse the full report at https://www.credenceresearch.com/report/swimming-pool-construction-market
The global swimming construction fragmented with large number of established local players in each region. Some major players profiled in the global industry include Southern Poolscapes, Blue Haven Pools & Spas, Cody Pools Corporate, Platinum Pools, Presidential Pools and Spas, Concord Pools & Spas, Riverbend Sandler Pools, Morehead Pools, Natare Corporation, Albixon, Falcon Pool, Alba Pools Compass Ceramic Pools UK, Jetform Swimming Pools, Roman Pools, Myrtha Pools and others.