Pool Equipment is a set of components that is designed for installation, maintenance, and operation of pools, i.e., the management of sanitization, filtration, and circulation of pool water.
According to the MarkNtel Advisors’ research report “Global Pool Equipment Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 12% between 2021-26F. The development of the pool equipment market attributes to the increasing trend of personal swimming pools.
It is also raising demand for implementing additional pool features for booming the tourism industry. Moreover, rapid internet penetration provides online support to the consumers to get all the necessary information about pool management, thereby propelling the market growth.
Impact of COVID-19
In 2020, the COVID-19 pandemic affected the Pool Equipment Market. Due to the government restrictions on the movement of people, social distancing, and social gathering, it reduced the participation of people in sports activities and a significant decline in the tourism sector. But, as the lockdown lifted, people began to move out and use amenities such as swimming pools. The concerns regarding cleanliness have increased, thereby contributing to the market growth in the forecast period.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Market Segmentation
In-ground pools Held the Largest Market Share
Based on the pool type, the market segments into in-ground and above-ground pools. Among these segments, the in-ground pool held the highest share in the Global Pool Equipment Market in 2019 as their installation provides flexibility to design them in any shape, dimension, color, or plaster. On the other hand, above-ground pools are more susceptible to damage, collapse, leaks, and breaks. In-ground pools are comparatively stronger to tolerate extreme weather conditions. Thus, it is likely to drive the growth of the pool equipment market globally very soon, reveals MarkNtel Advisors in their research report, "Global Pool Equipment Market Analysis, 2021."
Residential Segment Grabbed the Highest Share
Based on end-user, the residential segment acquired the largest share in Global Pool Equipment Market in 2019. It is owing to the increasing number of residential construction activities across the world. There is a rise in income and high budget for home purchases recently. Additionally, change in consumer lifestyle and rising trend of constructing swimming pools in apartments or within the society premises is likely to fuel the growth of the Pool Equipment market globally in future, reveals MarkNtel Advisors in their research report, "Global Pool Equipment Market Analysis, 2021."
Regional Landscape
North America Dominates the Market
North America grabbed the largest share in Global Pool Equipment Market in 2019 and is likely to retain its leading position during the forecast period. The construction industry in the US can grow significantly in the future and witness a rise in construction activities in residential and commercial sectors. It is, hence, leading to increasing demand for installation and maintenance of new pools. Additionally, owing to high disposable income, people in North America tend to live a luxurious life, thereby contributing to the growth of the pool equipment market.
Market Driver
A surge in demand for Safe and Attractive Swimming Pools Drives the Market
Due to lifestyle changes, there is a rise in the consumer inclination towards choosing aesthetic swimming pools to make customers happy and satisfied. Additionally, after the outbreak of the COVID-19 pandemic, the concern for safety and cleanliness is at the highest priority among consumers, thereby leading to increased demand for pool equipment for its maintenance.
Competitive Landscape
According to the MarkNtel Advisors, the key players with a considerable market share 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 Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Pool Equipment Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million and thousand units.
Q. What would be the growth rate or CAGR of Global Pool Equipment Market during 2021-26?
A. The Global Pool Equipment Market is forecast to grow at a considerable 12% CAGR during 2021-26.
Q. Who are the key competitors or players operating in Global Pool Equipment Market?
A. 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., are few of the leading players in the Global Pool Equipment Market.
Q. Which pool type segment would emerge as an opportunity area for players in Global Pool Equipment Market?
A. In-ground Swimming Pool is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Pool Equipment Market?
A. North America continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Pool Equipment Market.
