Swimming Pool Accessories Market to Worth $8.90 Billion by 2029 - North America Held the Largest Market Share - Arizton

According to Arizton's latest research report, the global swimming pool accessories market is growing at a CAGR of 4.45% during the forecast period.

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The market has been experiencing steady growth in recent years, driven by increasing disposable income, changing lifestyles, and a growing emphasis on leisure and recreation. The market encompasses many products, including pool covers, cleaning equipment, lighting, heating systems, and maintenance supplies. Also, several countries in North America, the EU, and APAC are expected to drive the demand for swimming pool accessories. The surge in new construction and building projects in these countries will grow the swimming pool accessories market. Furthermore, one of the key drivers of market growth is the aging infrastructure of swimming pools in developed economies like the United States. With the average age of residential swimming pools in the U.S. being around 21, there is a growing need for equipment replacement and upgrades, presenting a significant opportunity for manufacturers to target this segment.

MARKET TRENDS & OPPORTUNITIES

Rise in Commercial Construction and Projects

In the long run, the global construction industry is expected to experience steady growth due to low interest rates in a few European countries and stable economic growth. Currently, developments in the construction industry are unstable and volatile due to the economic recession. However, they are expected to have a short-term impact as the fiscal stimulus and other measures are expected to be rolled out as soon as possible to get construction back on track. This is because it supports a large number of ancillary industries and also employs a large number of people. Hence, the revival is expected to materialize after 2023.

Among commercial and residential sectors, the growth of the residential construction sector is gaining traction. New residential markets are expected to grow in countries such as Ireland, Portugal, Spain, Poland, and the Czech Republic due to investments in these countries because of low construction and labor costs compared to developed countries such as France, Germany, and the UK. Renovation is expected to increase in non-residential markets in countries such as Hungary, the Czech Republic, Poland, the Netherlands, and Spain. Investments made by global investors are significantly increasing. Shopping centers, office space segments, and expanding the industrial and land sectors are the growth enablers for the swimming pool accessories market.

Growth in Swimming Pool Construction

The growth in preference for sophisticated lifestyles, rise in disposable income, and urbanization drive the swimming pool accessories market. Since it is one of the important lifestyle amenities, the rise in residential projects encourages the adoption of pools. Similarly, the boom in the tourism industry and rise in tourism spending also enforces the construction of pools in hotels and resorts. A strong economic environment, dynamic lifestyle trends, positive consumer outlook, rising home values, and flourishing outdoor living reflect strong growth for the swimming pool and its associated products and services market.

SEGMENTATION INSIGHTS

INSIGHTS BY TYPE

The global swimming pool accessories market by type is segmented into pool covers, pool filters, pool lighting, cleaning equipment, pool furniture, pool automation systems, and others. The pool covers held the most significant global market share in 2023. Pool covers are essential for maintaining the cleanliness and temperature of the pool water, as well as for safety and energy conservation. When looking at the type of segmentation of the pool covers market, it can be categorized into several types: solar, winter, safety, and automatic. For instance, the solar pool covers market has experienced significant growth in recent years, driven by increasing awareness of energy conservation and the environmental benefits of solar technology. These covers use sunlight to heat the pool water, reducing the need for traditional heating methods and lowering energy costs for pool owners. The market is also expanding due to advancements in solar cover technology, such as improved materials and designs that enhance heat retention and durability. As consumers prioritize sustainability and seek ways to reduce their carbon footprint, the demand for solar pool covers is expected to increase, driving market growth further.

INSIGHTS BY END-USER

The global swimming pool accessories market by end-user is segmented into residential and non-residential. In 2023, the residential segment dominated the global market share. The rise in disposable income, growing urbanization, willingness for a sophisticated lifestyle, and expansion of distribution networks to cater to domestic aftersales services have led to the segment's dominance. With immense scope for commercial applications, the segment is booming in established APAC, Europe, and the U.S. markets. Moreover, the growing emphasis on wellness and leisure activities has fueled homeowners' demand for swimming pool accessories. Accessories such as pool cleaning equipment, maintenance tools, water treatment chemicals, pool covers, and lighting systems are essential for ensuring residential pools' safety, cleanliness, and aesthetic appeal.

INSIGHTS BY DISTRIBUTION CHANNEL

The offline distribution channel accounted for the revenue share of the global swimming pool accessories market. The offline channels play a significant role in catering to the diverse needs of consumers, offering a tangible shopping experience that online platforms do not fully replicate. One of the primary components of the offline segment is specialty stores. These stores are dedicated to offering a wide range of pool accessories, including pool cleaners, pumps, filters, covers, and maintenance equipment. Further, being able to interact with the products physically helps customers make informed decisions and increases their likelihood of purchasing through offline channels. Offline stores often host customer events, product demonstrations, and workshops to showcase swimming pool accessories and educate customers about their features and benefits. These events create opportunities for engagement and help drive demand through offline channels.

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GEOGRAPHICAL ANALYSIS

North America accounted for the highest share, accounting for over 34% stake of the global swimming pool accessories market in 2023. North America has one of the world's highest rates of pool ownership. Many households in the United States and Canada have swimming pools, especially in warmer regions like California, Florida, Arizona, and Texas. This widespread pool ownership creates a large and consistent demand for swimming pool accessories. North America's strong economy and relatively high disposable income allow homeowners to invest in swimming pools and accessories. Homeowners are more likely to spend on upgrades, renovations, and accessories to enhance their pool experience, driving market growth.

The swimming pool accessories market in Europe is a dynamic sector that caters to a diverse range of consumer needs and preferences. With a growing emphasis on leisure activities and wellness, the demand for swimming pool accessories has witnessed steady growth across the continent. From essential items like pool cleaners, filters, and pumps to more specialized products such as pool covers, lighting systems, and water treatment solutions, the market offers many options to enhance the swimming experience. One of the key drivers behind the growth of the swimming pool accessories industry in Europe is the increasing number of private and public swimming pools. As homeowners and commercial establishments invest in creating recreational spaces, there's a corresponding demand for accessories that optimize functionality, safety, and aesthetics.

COMPETITIVE LANDSCAPE

The global swimming pool accessories market is highly competitive, with the presence of a large number of public and private companies. These vendors typically compete on key parameters such as product design, quality, reliability, support services, and price. Rapid technological advances adversely impact market vendors as consumers expect continuous innovations and product upgrades. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Hayward Industries, Pentair plc, Zodiac Pool Systems, Inc., and other prominent brands have a large set of product offerings and a widespread presence in the global swimming pool accessories market. The major vendors are adopting innovative technologies to retain their strong industry position.

Key Company Profiles

• Pentair
• Zodiac Pool Systems LLC
• FLUIDRA S.A.
• Hayward Industries, Inc.
• Maytronics Ltd.
• Waterco
• Intex Recreation Corp.
• Pool Corporation
• Latham Pool Products, Inc.
• Desjoyaux
• Halbert Pool & Spa
• Aquaneo
• Swimart Pty Ltd.
• Water Tek
• Excel Parks and Pools
• Emaux Water Technology
• LASWIM
• PERAQUA PROFESSIONAL WATER PRODUCTS GMBH
• İNCEDOĞAN - DST Pool

Market Segmentation

Type

• Pool Covers
• Pool Filters
• Pool Lightings
• Cleaning Equipment
• Pool Furniture
• Pool Automation Systems
• Others

Installation Type

• DIY (Do-It-Yourself)
• Professional Installation

Pool Design

• In-ground Swimming Pools
• Above-ground Swimming Pools

End-user

• Residential
• Non-Residential

Distribution Channel

• Offline
• Online

Geography

• North America
• The U.S.
• Canada
• Europe
• France
• Spain
• Germany
• Russia
• The UK
• Italy
• The Rest of Europe
• APAC
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• The Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Middle East & Africa
• Saudi Arabia
• The UAE
• South Africa
• Egypt
• Turkey
• The Rest of the Middle East & Africa

Get Detailed TOC @ https://www.arizton.com/market-reports/swimming-pool-accessories-market

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