Pools and spas are a popular feature in residential and
commercial properties, offering relaxation and entertainment for individuals
and families alike. As the demand for these amenities continues to rise, the
pool and spa industry has seen significant growth in recent years.
One of the key drivers of this growth is the increasing
popularity of backyard staycations. With many people choosing to spend their
vacations at home, the addition of a pool or spa can provide a luxurious and
convenient escape. Additionally, as more people work from home, the need for a
relaxing outdoor space has become even more essential.
In addition to residential properties, commercial properties
such as hotels and resorts also continue to invest in pools and spas as a way
to attract guests and enhance their experience. The use of high-quality
materials and advanced technology has allowed for the creation of unique and
innovative pool designs, further adding to their appeal.
Along with the rise in demand, there has also been a growing
focus on sustainability in the pool and spa industry. From energy-efficient
pumps and heaters to water-saving features, manufacturers and designers are
prioritizing eco-friendly options. This not only benefits the environment but
can also result in cost savings for pool and spa owners in the long run.
However, it is important to note that owning a pool or spa
requires proper maintenance and upkeep. Regular cleaning, chemical balancing,
and equipment checks are necessary to ensure safe and enjoyable use. Pool and
spa professionals offer a range of services, from routine maintenance to
repairs and renovations, to ensure the longevity and functionality of these
In conclusion, the pool and spa industry is a thriving
market that offers relaxation, entertainment, and luxury for both residential
and commercial properties. With advancements in technology and a focus on
sustainability, the industry is poised for continued growth and innovation.
Proper maintenance and upkeep are essential for safe and enjoyable use, and
pool and spa professionals can provide the necessary services to ensure these
amenities are always in top condition.
The luxury real estate market has made a remarkable comeback
since the onset of the COVID-19 pandemic. With an increasing demand for larger
homes that provide a healthy lifestyle and bring people closer to nature, this
segment of residential homes has evolved into a domain of family health and
wellness. As a result, the demand for attractive amenities, such as a spa, gym,
and swimming pool, greatly impact the construction of residential complexes.
The pandemic has significantly increased the demand in the
pool and spa market, but it has also affected the supply chain with increased
prices and exceptional volatility in the availability of raw materials and key
components. The sauna and spa market, however, remained resilient due to the
rising demand to replace sauna heaters. The introduction of work-from-home and
short-time working also encouraged homeowners to invest in their properties,
including adding a pool or spa.
Before COVID-19, the pool market was growing faster than the
national economy, but it was strongly impacted, as its activities were
classified as non-essential by the government. The action plans to return to
normal activity included the adoption of protective protocols to keep pools
safe and the manufacture of equipment for hospitals, mainly hygiene and
disinfection products. However, the construction sector was temporarily
disturbed by the medical restrictions, while pool-related services exploded
during the summers. Suppliers experienced a boom in demand for basic equipment,
such as pumps, filters, and blowers, from commercial swimming pools that were
closed for a long time.
Pool & Spa Market Dynamics
Drivers in Pool &
The growth of the tourism industry and wellness tourism,
especially in Europe, has led to an increase in demand for swimming pools and
spas for recreational purposes. The construction of hotels and homestays to
accommodate the growing number of tourists further drives the demand for such
facilities. Additionally, the modern concept of a spa center offers a range of
services that promote physical and mental well-being, which could also
contribute to the growth of the pool & spa market. However, recovery in the
industry remains slow and uneven due to varying levels of mobility
restrictions, vaccination rates, and traveller confidence post-COVID-19.
Restraints: Impact on
Water conservation has become a global priority, with
concerns over the significant amounts of water consumed by swimming pools. On
average, a domestic swimming pool can hold between 20,000 and 60,000 liters of
water, and poorly maintained pools can lead to contamination, which requires
draining and replacement. This can result in a significant amount of water
wastage. In addition, poorly maintained pools may require more frequent
backwashing, which can also contribute to water waste. To address this issue,
maintaining proper chemical balance and filtration can help conserve water.
The increasing demand for energy resources has also led to
volatility in energy prices, which can be a challenge for the swimming pool and
spa industry. Swimming pools and spas require a significant amount of
electricity to operate their components and accessories, and changes in
economic conditions, availability of energy resources, and increasing demand
can contribute to price volatility. Therefore, the industry may face challenges
in managing energy consumption and minimizing its impact on the environment.
Opportunities in Pool
& Spa Market
The growth of the construction industry presents
opportunities for the pool and spa market. The residential sector is the
largest end-use sector and has been driving the demand for swimming pools and
spas worldwide. North America is expected to be the fastest-growing region for
residential development, while the Asia Pacific region will remain the most
active. The demand for swimming pools and spas is fueled by construction
activities, as they are installed in both residential and commercial settings
for recreational activities. This presents an opportunity for the global
swimming pool market to grow in the coming years. The inclusion of attractive
amenities in residential complexes, such as gym facilities and swimming pools,
attracts more attention from property buyers. Therefore, builders are
influenced to include these amenities in their projects to meet the rising
Challenges in Pool
& Spa Market
One of the significant challenges faced by the pool and spa
industry is the instability in the prices of raw materials, especially crude
oil, natural gas, and coal. These materials are complex combinations of
hundreds of components that must undergo a refining process to produce usable
chemicals. The fluctuating prices of crude oil in recent years have caused a
similar trend in the unit prices of raw materials primarily used in the
production of components or accessories related to the pool and spa market. As
a result, manufacturers may face pressure to reduce prices for items like
filters, blowers, covers, and other accessories to stay competitive in the
market. This instability can create challenges for businesses in the industry
to maintain profitability and keep pace with changing market dynamics.
The market for pools is expected to be the largest segment
from 2020 to 2027, according to estimates based on type. Lap pools are
anticipated to dominate this segment during this period. Lap pools are designed
for swimming laps and are not the most family-friendly option, but they are
excellent for swimmers using a pool for exercise. These rectangular-shaped
pools are generally long, ranging from 30 to 70 feet, and require less water,
resulting in lower annual maintenance costs than most other types of pools. As
residential lots have become smaller, the popularity of lap pools is expected
to increase, driving the pool & spa market.
Pool pumps are projected to hold the highest market share in
the accessories segment during the forecast period. Pool pumps are essential
components of a pool's or spa's circulation system and are available in various
types such as horizontal, single-stage, centrifugal, and self-priming pumps.
Swimming pool pumps work by drawing water in through centrifugal force, passing
the water through a filter, and pushing the water back into the pool.
Variable-speed pumps are the latest innovation in pool equipment technology.
During the forecast period, the North America region is
expected to hold the largest market share in the pool and spa market. Canada's
construction investment rose by nearly 11% year-over-year in 2021, with both
residential and non-residential sectors increasing by 14% and 8%, respectively.
The construction sector in Mexico has also experienced growth. The increasing
demand for pools and spas in this region is driven by the growing residential
construction. Additionally, post-COVID-19, there has been an increased consumer
interest in wellness therapies, leading to a rise in health awareness in the
Key Players in Pool & Spa Market
- HARVIA GROUP
- KLAFS GMBH & CO. KG
- SAWO INC.
- KOHLER CO.
- ARCTIC SPAS
- BULLFROG SPAS
- COAST SPAS MANUFACTURING INC.
- DURAVIT AG
- NARVI OY
- UNBESCHEIDEN GMBH
- STAS DOYER
- LEISURE BATHS LTD
Recent Developments in Pool & Spa Market
In January 2022, a new wellness area was introduced
featuring a recreational stainless steel swimming pool and various water
features such as air beds, hydro-massage benches, cascades, and neck massage
jets, among others.
In October 2021, Harvia Group, a Finnish sauna and spa
company, entered an exclusive distribution agreement with Bergman Ltd, a
Tokyo-based company. The agreement aims to open 50 Harvia Sauna & Spa
showrooms in Japan within the next three years, catering to the mature spa
culture and evolving sauna market in the country. Harvia has been supplying
heaters to Japan for over 15 years.
In the same month of October 2021, Pentair, a water
treatment and filtration company, acquired Pleatco for approximately USD 255
million. Pleatco specializes in manufacturing water filtration and clean air
technologies for customers in the pool, spa, and industrial air industries.
The global pool and spa market has seen significant growth
in recent years, with advancements in technology and increasing demand for
wellness therapies contributing to this growth. One major trend in the market
is the increasing demand for smart pool and spa systems, which allow users to
control their pools and spas remotely through their smartphones or other smart
devices. These systems can help reduce energy consumption and improve
efficiency, making them an attractive option for eco-conscious consumers.
Another trend in the market is the growing popularity of
saltwater pools, which use salt chlorinators instead of traditional
chlorine-based systems. Saltwater pools are known for their gentler effects on
skin and eyes and are considered more environmentally friendly than traditional
The COVID-19 pandemic has also had a significant impact on
the pool and spa market. With people spending more time at home, there has been
a surge in demand for backyard pools and spas. This trend is expected to
continue as consumers prioritize health and wellness, leading to increased
demand for products that promote relaxation and stress relief.
In terms of geographical developments, the Asia-Pacific
region is expected to see significant growth in the pool and spa market due to
increasing urbanization, rising disposable incomes, and a growing demand for
luxury goods. Additionally, government initiatives to promote tourism and
hospitality are expected to drive demand for pools and spas in the region.
Overall, the pool and spa market is expected to continue
growing in the coming years, driven by advancements in technology, increasing
demand for wellness therapies, and changing consumer preferences.
We at Zettabyte Analytics have a
detailed and related research methodology focussed on estimating the market
size and forecasted value for the given market. Comprehensive research
objectives and scope were obtained through secondary research of the parent and
peer markets. The next step was to validate our research by various market
models and primary research. Both top-down and bottom-up approaches were
employed to estimate the market. In addition to all the research reports, data
triangulation is one of the procedures used to evaluate the market size of
segments and sub-segments.
1.1. Secondary Research
The secondary research study involves various sources and databases used
to analyze and collect information for the market-oriented survey of a specific
market. We use multiple databases for our exhaustive secondary research, such
as Factiva, Dun & Bradstreet, Bloomberg, Research article, Annual reports,
Press Release, and SEC filings of significant companies. Apart from this, a
dedicated set of teams continuously extracts data of key industry players and
makes an extensive and unique segmentation related to the latest market
1.2. Primary Research
The primary research includes gathering data from specific domain
experts through a detailed questionnaire, emails, telephonic interviews, and
web-based surveys. The primary interviewees for this study include an expert
from the demand and supply side, such as CEOs, VPs, directors, sales heads, and
marketing managers of tire 1,2, and 3 companies across the globe.
1.3. Data Triangulation
The data triangulation is very important for any market study, thus we
at Zettabyte Analytics focus on at least three sources to ensure a high level
of accuracy. The data is triangulated by studying various factors and trends
from both supply and demand side. All the reports published and stored in our
repository follows a detailed process to obtain a reliable insight for our
1.4. In-House Verification
To validate the segmentation
and verify the data collected, our market expert ensures whether our research
analyst is considering fine distinction before analyzing the market.
In the end,
presenting our research reports complied in a different format for straightforward
valuation such as ppt, pdf, and excel data pack is done.