The global swimming pool and spa market is expected to reach 23.6 USD

New York, July 26. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Pool & Spa Market by Type, Accessories, Material and Region – Global Forecast to 2027” – https://www.reportlinker. com/p06310401/?utm_source=GNW
As a result, swimming pool and spa might witness a growth in demand over the forecast period.

Swimming pools: the fastest growing segment by type in the pool and spa market
Based on the type, swimming pools are expected to take the largest share of the pool and spa market. Swimming pools are a great addition to any backyard, adding years of enjoyment and enjoyment.

Backyard swimming pools use many different construction methods. Home swimming pools come in different shapes and sizes.

Commercial pools are often subject to strict safety requirements, such as lifeguards on duty, lockable doors or limited access. Lap pools can be indoor or outdoor and have many features such as bulkheads and diving boards and are usually rectangular in shape.

Swimming pools as a feature of hotels are more common in tourist areas or near convention centers. As with the different types of in-ground pools, a lap pool can be constructed of concrete, vinyl, or acrylic sheet. Lap pools are ideal for people with narrow yards. Increase in population leading to scarcity in the availability of large spaces is likely to drive the lap pool market. Another major reason is the lower maintenance costs of lap pools, which is also a major factor in the growth of the lap pool market over other types of pools.

Pool pumps: the largest segment by power in the pool and spa market
Swimming pool pumps accounted for the largest share of the global swimming pool and spa market, by accessories, in 2022. Accessories are vital for the proper functioning of a swimming pool or spa, and for improving the user experience.

A growth in the pool and spa market will directly drive the demand for these accessories over the forecast period. Pool pumps are used to circulate and filter water in swimming pools.

A single-speed pump is the simplest and cheapest type of pool pump without speed adjustment. A dual-speed pump offers two settings, a high setting for more demanding tasks like vacuuming and a low setting for everyday tasks.

A variable speed pump offers multiple speed options which are used for energy efficient tuning and save money on the electric bill in the process. Variable speed filters help optimize performance and save energy.

Asia-Pacific: the fastest growing region in the pool and spa market
Asia-Pacific is expected to grow with the highest CAGR during the forecast period. Asia-Pacific includes many emerging economies, including Japan, India and China, which are expected to show strong economic growth.

Australia is the number one market for pools and spas in the region. Growth in Australia is driven by an increased focus on renovations and home improvements.

The hospitality industry is one of the end users driving the spa market, owing to the increase in the use of hydrotherapy tubs. Additionally, the growing popularity of traditional massage in the region is expected to boost the market for swimming pools and spas.

The tourism industry is expected to drive the market in the region due to the increase in the construction of hotels and resorts, thus increasing the installation of swimming pools and spas in the region.

Distribution of primaries:
In-depth interviews were conducted with various key industry players, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify information critical qualitative and quantitative, as well as to assess the future prospects of the market. The breakdown of primary interviews is as follows:
• By type of business: Level 1: 50%, Level 2: 35% and Level 3: 15%
• By designation: C level – 30%, director level – 20% and other – 50%

By region: Asia-Pacific – 40%, Middle East and Africa – 30%, North America – 15%, Europe – 8%, and South America – 7%.

Note: Other includes Sales Managers, Engineers, and Regional Managers.

Note: Company tiers are defined based on their total revenue as of 2021. Tier 1: >$1 billion, Tier 2: $500 million to $1 billion, and Tier 3: The main players in the swimming pools and spas market are Harvia Group (Finland), Pentair (United States), Fluidra (Spain), KLAFS GmbH & Co. KG (Germany), TyloHelo (Sweden).

Research Coverage:
The report explains, describes and forecasts the global Swimming Pool and Spa market, by type, accessories, materials and region.
It also offers detailed qualitative and quantitative analysis of the Swimming Pool and Spa market. The report provides an in-depth review of key market drivers, restraints, opportunities, and challenges.

It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future swimming pool and spa market trends.

Key Benefits of Purchasing the Report
1. The report identifies and addresses key Swimming Pool and Spa markets which would help Swimming Pool and Spa manufacturers/builders to assess the growth in demand.
2. The report helps system vendors understand the pulse of the market and offers insight into the drivers, restraints, opportunities, and challenges.
3. The report will help key players to better understand their competitors’ strategies and help them to make better strategic decisions.
Read the full report: https://www.reportlinker.com/p06310401/?utm_source=GNW

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Richard F. Gandhi