The global swimming pool market is poised for significant growth, with an estimated increase of USD 7.28 billion from 2025 to 2029. A Technavio report indicated that the swimming pool market is projected to grow at a CAGR of 4.4% between 2019 and 2023 due to rising demand for luxury lifestyles and the rapid growth of the tourism industry. Despite this, however, factors such as high installation and maintenance costs still represent obstacles to broad adoption.
Market Growth & Key Drivers
The demand increase for swimming pools is in both the residential and commercial sectors. Meanwhile, homeowners and luxury real estate developers with an eye toward property value are pouring money into newly-handy pools, alongside hotels, urbanisation developments, and wellness centres, to go swimming with consumers as they continue to splurge on amenities. Synonymous with wellness tourism—a booming trend spurred on by hotels, resorts, and cruise ships that make pools an integral part of relaxation and wellness offerings—this demand has pushed the needle on the adoption of swimming pools even further.
Market Segmentation & Components
The swimming pool market includes various components and accessories, as well as raw materials such as PVC plastic, galvanised steel, fibreglass, concrete, and polyurethane foam. Swimming pools come in various designs and shapes, such as rectangular and uniform depth, infinity, children’s and adventure sports pools, or those managed for hydrotherapy.
All major players in the market are Intex Recreation, Finish Thompson, Hayward Pool, Valterra Products, Therm Products, Aladdin Equipment, Pentair, SunRunner Pool, Pleatco, etc. Such firms provide pool suppliers, including heating technology, filtration systems, maintenance solutions, vital components, and equipment that ensure pools function correctly.
Economic & Market Challenges
The swimming pool industry is still very profitable, though economic conditions do pose some challenges. Because these systems generally incur high installation costs, even specialized labor and materials that are subject to ongoing maintenance costs incurred by the need for water treatment (i.e., waste management), filtration, and energy consumption; these costs are often a financial burden for pool owners. Moreover, the growing water scarcity in countries including Yemen, Libya and Jordan also limits its market potential in developing economies.
Future Outlook
While some sectors of tourism have suffered during economically slower times, the swimming pool industry continues to hold its place in the realm of desirable luxury amenities. This is supported by factors such as rising disposable incomes, increasing consumer expenditure on wellness and leisure, and an added focus on luxury infrastructure. The future of this market will be shaped by innovations in water management, sustainability, and energy-efficient pool solutions as the market continues to evolve.
As a company deeply involved in sustainable infrastructure and renewable energy, the growth potential of the swimming pool industry represents an avenue for Finulent Solutions to further pursue sustainable and energy-responsible innovations within the expanding demand associated with swimming pools.
Source: PR Newswire