Global pool and spa market expected to reach USD 34.56 billion by 2033, driven by various factors.

From GlobeNewswire: 2024-07-16 19:00:00

The global pool and spa market is expected to grow from USD 21.01 billion in 2023 to USD 34.56 billion by 2033, with a CAGR of 5.10%. Factors like outdoor recreation popularity and increased demand during summer influence the market. Europe is a key player, with the spa industry driven by expanding menus and diverse clientele.

The pools segment is projected to dominate the market, with swimming pools commonly found in educational institutions. Filters are anticipated to grow rapidly, crucial for maintaining water safety and purity. Fiberglass pools are expected to grow the fastest due to low maintenance costs. Asia Pacific is predicted to lead the market.

Australia is a key market in Asia Pacific, driven by home renovations and hotel industry demand. North America is growing rapidly, with California and Florida having high pool concentration. The market is influenced by the trend of working from home and increased disposable income. Major players include Narvi Oy, TyloHelo, and Pentair.

In October 2021, Pentair acquired Pleatco for USD 255 million, a company that produces clean air and water filtration systems. The market targets players, investors, government authorities, and consulting firms. Segments include type, accessories, material, and key regions like North America, Europe, and Asia Pacific. Spherical Insights offers market insights tailored for decision-makers.



Read more at GlobeNewswire: Global Pool and Spa Market Size To Worth USD 34.56 Billion