The global pool equipment and maintenance market is expected to cross $17 billion, growing at a CAGR of 10.8% in terms of revenue during 2016-2022. In terms of volume, the market is likely to grow at a CAGR more than 11%.
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Increase in disposable income, growth in the travel and tourism industry, and construction of new pools are major factors that are likely to drive the market growth during the forecast period. The global pool equipment and maintenance market is expected to cross $17 billion, growing at a CAGR of 10.8% in terms of revenue during 2016-2022.
In terms of volume, the market is likely to grow at a CAGR more than 11%. Increase in disposable income, growth in the travel and tourism industry, and construction of new pools are major factors that are likely to drive the market growth during the forecast period.
The pool equipment products segment is expected to witness a high growth and is likely to dominate the market. Also, the residential segment is likely to be the largest contributor to the global pool equipment and maintenance market.
While North America is expected to remain the largest market led by the US, RoW is likely to emerge as the second largest revenue contributor in the global pool equipment and maintenance market at the end of the forecast period. Hayward, Pentair, Zodiac, Maytronics, and Fluidra are the major leaders in the market.
Major vendors profiled in the report are as following:• Hayward• Maytronics• Pentair• Zodiac• Fluidra
Other prominent vendors are Chemoform AG, Desjoyaux S.A., Emaux Water Technology Co. Ltd., FIJA Group, Guangdong Laswim Pool & Spa Equipment Co., Intex Recreation Corp., Lonza Group, Neptune Swimming Pools, NextPool Group, SCP Pool Corp., Waterco Ltd., and Pleatco LLC.
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Scope of the Report
The report includes a detailed study of growth drivers, trends, and restraints of the global pool equipment and maintenance market. To calculate the market size, the report considers the revenue generated from the purchase of equipment essential for functioning and maintaining of swimming pools across the world.
The report provides the analysis of key segments of the market by product type, distribution channels, geography, and vendors. It provides a detailed analysis of revenue from various segments:
Product Type: Pool equipment & Pool maintenance
End-users Type: Residential swimming pools, Commercial swimming pools
Design Type: Inground swimming pools, Above ground swimming pools
Major Geographies: APAC, Europe, North America & RoW
Key Countries: US, Canada, UK, Australia, Brazil & France
The report also includes the analysis of distribution strategies of the global pool equipment and maintenance market.
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The residential segment is likely to be the largest contributor to the global pool equipment market and include buyers such as an individual house, apartment, and condominium owners. The number of swimming pools in the individual house segment is lower than the apartment and condominium segment.
However, the number of swimming pools in apartments and condominiums is increasing due to urbanization across the globe and rise in awareness to stay fit. Likewise, the growth of in-ground pools will surpass above ground pools.
The pool equipment segment is likely to witness the maximum growth and the pool pump segment is going to be a dominant segment.
North America had the highest number of swimming pools in 2016, and it is expected to sustain its position during the forecast period. Europe held the second position in terms of a number of swimming pools in 2016, but RoW is expected to surpass it by 2022.
RoW, which constitutes Latin America and MEA, is likely to account for more than 28% of the market share in terms of revenue and installed pool base, respectively in 2022. The pool equipment market in APAC is characterized by demand for low-cost products.
It is fragmented in this region with Australia being the sole major contributor to the growth in the region. As the demand increases from other countries, the market in APAC will eventually start driving revenue growth.