According to the MarkNtel Advisors’ research report, “Global Pool Equipment Market Analysis, 2021, the Global Pool Equipment Market is expected to grow at a CAGR of around 12% during 2021-26. The growth of the market is driven by the factors such as a rise in the travel and tourism sector, increasing demand for construction of societies having a pool within the boundary, and snowballing trend of swimming-pool membership. Along with this, the surge in the number of water sports enthusiasts is expected to provide lucrative opportunities to drive market growth in the forthcoming timeline.
Key questions answered in the study:
Cleaners Segment Grabbed Highest Market Share
Based on product, the Cleaner segment acquired the largest share in the Global Pool Equipment Market in 2019. Pool cleaners are the device that is required for the cleaning purpose of the pool. The growth of the segment is attributed to higher participation encourages the demand for swimming pool services. Further, the expansion of the hospitality industry with luxury amenities is leading to increasing the construction of hotels with swimming pools. Thereby, boosting the demand for pool cleaners across the world.
“Global Pool Equipment Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Pool Equipment providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Europe showed substantial growth
Europe is anticipated to witness the fastest growth in Global Pool Equipment Market in 2019 due to favourable climate conditions that allow maximum usage of pool facilities and a high inflow of tourism in the country. Population growth coupled with a consumer shift towards a lavish lifestyle leads to fuel the growth of the market. Moreover, the increasing need for pools as an attractive amenity draws the attention of property buyers, thus contributing to the growth of the market. Thus, it is projected to surge the demand for the Pool Equipment market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Pool Equipment Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Pool Equipment market are 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.