According to MarkNtel Advisors, the Global Pool Equipment Market is expecting around 12% CAGR during 2021-26. The mounting concerns over immunity boost & living a healthy life by regularly exercising, particularly after the advent of Covid-19, are driving the global market. Moreover, the rising travel & tourism, leading to the increasing demand for lavish hotels & bungalows comprising swimming pools, is also augmenting the market growth.
Moreover, the improving living standards of people and their increased participation in water sports activities due to their surging disposable income has also surged the demand for swimming pools in residential spaces, thereby driving the global market, further states the research report, "Global Pool Equipment Market Analysis, 2021."
With Flexibility to Design in any Shape & Dimension, In-Ground Swimming Pools Hold the Highest Market Share
The surging demand of end-users for customized swimming pools with amenities like lighting, temperature control, pool deck, etc., is driving the in-ground pool equipment market globally. These swimming pools can be designed in any shape, color, dimension, etc., and tolerate extreme weather conditions and thus are not susceptible to leaks, cracks, or other damages. As a result, they are the most preferred type of swimming pool and hold the highest share in the global pool equipment market.
Growing Demand for Aesthetic Amenities in Housing Spaces to Boost the Market across the Residential Sector
The US, China, India, & some major European countries are observing a mounting number of residential constructions due to the rising budgets of people for buying homes. Further, builders are actively focusing on constructing swimming pools in residential spaces to lure property buyers. Hence, with changing consumer lifestyles, there's a growing trend of swimming pools in societies & apartments, owing to which the residential sector holds the largest share in the global market, reveals MarkNtel Advisors in their research report, "Global Pool Equipment Market Analysis, 2021."
The leading players in the Global Pool Equipment Market include Fluidra SA, Pentair Plc, WaterCo Ltd, Pool Corporation, Maytronics Ltd, Aqua Products Inc., Hayward Industries Inc., Zodiac Pool Systems Inc., 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., Pleatco LLC, etc.
Key Questions Answered in the Study: