Global Pool and Spa Market Insights Forecasts to 2033

• The Global Pool & Spa Market Size was Valued at USD 21.01 Billion in 2023
• The Market Size is Growing at a CAGR of 5.10% from 2023 to 2033
• The Worldwide Pool & Spa Market Size is Expected to Reach USD 34.56 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Pool & Spa Market Size is Anticipated to Exceed USD 34.56 Billion by 2033, Growing at a CAGR of 5.10% from 2023 to 2033.

Market Overview

A pool is a building made to contain water for swimming and other recreational purposes. A spa is a particularly built structure that retains warm water. It is sometimes referred to as a hot tub or pool spa. Several variables, including the popularity of outdoor recreation and water-based activities in warm areas and the summertime surge in demand for these pools, impact the market for portable and inflatable swimming pools. Longer daylight hours and pleasant weather encourage people to spend money on backyard leisure features like pools and spas. The growth of spa menus, which offer a wide variety of therapies and treatments and appeal to a wider client with different health requirements and tastes, propels the market for spa services. Spa services address a range of health objectives and lifestyle choices, from conventional massages and facials to alternative therapies including acupuncture, aromatherapy, and hydrotherapy. The market for pools and spas is expanding in direct proportion to people's increased health consciousness, which is what is primarily driving the demand for leisure and fitness activities. Pool and spa products are now easier for customers to research, compare, and purchase online due to the growth of e-commerce platforms. Manufacturers and retailers are utilizing digital channels to reach a wider audience and expedite the purchasing process.  

Report Coverage

This research report categorizes the market for the global pool & spa market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pool & spa market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pool & spa market.

Driving Factors

Globally, the wellness and spa tourism industry has been expanding quickly, with Europe being a major participant. Due to this, the tourism sector has grown, which in turn has raised demand for recreational swimming pools and spas. Additionally, the demand for hotels and homestays will rise in a location as more tourists arrive. The demand for swimming pools and spas in that facility will thereafter be driven by the establishment of hotels and homestays. In addition to wellness tourism, a modern spa center offers a wide range of services that improve clients' psychophysical well-being.  

Restraining Factors

Globally, conserving water is a top priority. The typical home swimming pool has a capacity of 20,000–60,000 gallons. Unbalanced and unfiltered water can get so contaminated that it needs to be drained and refilled, which results in a significant amount of waste. Backwashing may also need to happen more frequently in poorly maintained pools. Thus, keeping the proper chemical balance and making sure the filtration is sufficient are the greatest ways to conserve water.

Market Segmentation

The pool & spa market share is classified into type, accessories, and material.

• The pools segment is expected to hold the largest share of the pool & spa market during the forecast period.   

Based on the type, the pool & spa market is divided into spas and pools. Among these, the pools segment is expected to hold the largest share of the global pool & spa market during the forecast period. This is because pools have long been a popular place to have fun and are predicted to continue to grow in popularity in the years to come. Swimming pools are occasionally available for use by educational institutions including high schools and universities for competitive swimming, leisure, and physical education classes. In addition to being utilized for physical therapy, diving, and water sports, specially designed swimming pools are also utilized for lifeguard and astronaut training. Swimming pools can be heated or not, and they often employ salt or chlorinated water. As the tourism industry continues to expand and diversify, it is becoming one of the global economic sectors with the quickest rate of growth.

• The filters segment is expected to grow at the rapid growth in the global pool & spa market during the forecast period.

Based on the accessories, the pool & spa market is divided into filters, chlorinators, blowers, cleaners, and covers. Among these, the filters segment is expected to grow at the rapid growth in the global pool & spa market during the forecast period. To maintain swimming safety, cleanliness, and clarity in the water, filters are essential in eliminating pollutants, debris, and other impurities. As people become more aware of the risks and illnesses associated with drinking water, there is a growing need for high-quality filtration systems. For pool and spa equipment to last a long time and function properly, proper filtration is necessary. By keeping debris and particles out of the way of pumps, pipes, and other parts, filters lower the possibility of damage, corrosion, and inefficient performance. Frequent filter changes and maintenance increase device longevity and reduce long-term repair costs.

• The fiberglass segment is expected to hold the largest share of the global pool & spa market during the forecast period.

Based on the material, the global pool & spa market is divided into plastic, rubber, fiberglass, stainless steel, and others. Among these, the fiberglass segment is expected to hold the largest share of the pool & spa market during the forecast period. Fiberglass pools often have the lowest lifetime maintenance and upkeep expenses because of the surface's composition, which inhibits the formation of algae. A fiberglass pool is built in multiple layers. The substance is a blend of fine glass fibers and fiber-reinforced polymer, which is composed of a plastic matrix. Because they are constructed from very costly molds, the producer can only produce a limited range of sizes, forms, and designs.

Regional Segment Analysis of the Pool & Spa Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the pool & spa market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the pool & spa market over the predicted timeframe. Many growing countries, such as China, Japan, and India, are found in the Asia-Pacific region and are predicted to see rapid economic expansion. The largest market in the region for pools and spas is Australia. Australia's growth is primarily due to the growing emphasis on home modifications and renovations. Because more people are using hydrotherapy bathtubs, one end market that is propelling the spa market is the hotel sector. Additionally, the pool and spa industry is anticipated to be driven by the growing acceptance of traditional massage in the region. As more hotels and resorts are being built, more pools and spas will be installed in the region as a result of the tourism industry's predicted growth of the local market.

North America is expected to grow at the fastest pace in the global pool & spa market during the forecast period. The states with the most in-ground swimming pools in the US are California and Florida. Imported hot tubs and swim spa sales have a slight but increasing impact on the US market. Millions of individuals in the region work from home, and many of them have more spare income than ever before, so there was a strong demand for pools and almost anything related to an outdoor lifestyle.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the pool & spa market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Narvi Oy
• TyloHelo
• Roca
• SAWO Inc.
• Kohler Co.
• Harvia Group
• Pentair
• Fluidra
• KLAFS GmbH & Co. KG
• Jaquar
• Bullfrog Spas
• Coast Spas Manufacturing Inc.
• BTL
• Unbescheiden GmbH
• Duravit AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2022, a recreational stainless-steel pool and numerous water elements, such as air beds, hydro-massage benches, cascades, neck massage jets, etc., were included in the new wellness area.

• In October 2021, The Tokyo-based firm Bergman Ltd. and Harvia Group have an exclusive distribution agreement in place and planned that, within the next three years, 50 Harvia Sauna & Spa showrooms will be opened throughout Japan.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global pool & spa market based on the below-mentioned segments: 

Global Pool & Spa Market, By Type

• Spas
• Pools

Global Pool & Spa Market, By Accessories

• Filters
• Chlorinators
• Blowers
• Cleaners
• Covers

Global Pool & Spa Market, By Material

• Plastic
• Rubber
• Fiberglass
• Stainless Steel
• Others

Global Pool & Spa Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa