The Latest Pool And Spa Industry Statistics Explained
The global swimming pool market size was valued at USD 21.22 billion in 2020.
The statistic indicates that the total market size for swimming pools worldwide was USD 21.22 billion in the year 2020. This figure represents the combined value of all swimming pools sold or installed during that year. The market size includes various types of swimming pools such as residential, commercial, indoor, outdoor, and inflatable pools. The valuation of the global swimming pool market gives insights into the scale and economic significance of the swimming pool industry on a global scale, serving as a key indicator for businesses, investors, and policymakers to understand the growth and trends in this sector.
The market is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028.
This statistic indicates that the market is projected to grow steadily at an annual growth rate of 3.2% over the period from 2021 to 2028. A compound annual growth rate (CAGR) is a useful metric for analyzing investment opportunities or market trends as it accounts for the compounding effect of growth over time. In the context of this statement, it suggests that the market is expected to consistently increase in size each year by 3.2% on average. This information can be valuable for stakeholders, investors, and decision-makers to understand the expected trajectory and potential opportunities for the market in the coming years.
The U.S. swimming pool construction industry is estimated worth $9 billion in 2021.
The statistic indicates that the U.S. swimming pool construction industry had an estimated value of $9 billion in the year 2021. This figure represents the total economic worth of all swimming pool construction activities within the industry, including the cost of materials, labor, equipment, and any other related expenses. The size of the industry suggests that there is significant demand for swimming pool construction services in the U.S., likely driven by factors such as homeowners investing in home improvements, new constructions, and the overall popularity of swimming pools for recreational and leisure purposes. This statistic highlights the economic importance and scale of the swimming pool construction sector within the U.S. economy.
4726 businesses are involved in swimming pool construction in the US in 2021.
The statistic that 4726 businesses are involved in swimming pool construction in the US in 2021 indicates the number of companies within the industry that specialize in constructing swimming pools. This figure provides insight into the level of competition and market saturation within the swimming pool construction sector in the US. It also highlights the significant presence of businesses offering these services, suggesting a demand for swimming pool construction and potential economic activity within this specific segment of the construction industry. Analyzing this statistic further can help identify trends, opportunities, and challenges in the swimming pool construction market in the US for businesses, policymakers, and consumers.
The number of businesses in the industry has been growing at an average of 1.7% annually from 2016 to 2021.
The statistic indicates that the number of businesses in the industry has been increasing steadily at a rate of 1.7% per year over the period from 2016 to 2021. This growth rate suggests that the industry is expanding and more businesses are entering the market, leading to increased competition and potentially greater innovation and diversity within the industry. The consistent annual growth also implies a positive trend for the industry as a whole, with opportunities for new entrants and existing businesses to thrive in a growing market environment. It is important for stakeholders to monitor this trend and consider factors influencing the growth of businesses in the industry to make informed decisions and strategic moves.
The global hot tub market is expected to reach USD 5.57 billion by 2027.
The statistic “The global hot tub market is expected to reach USD 5.57 billion by 2027” indicates that the total value of sales within the hot tub industry is projected to increase to USD 5.57 billion by the year 2027. This implies significant growth in the market as compared to previous years, suggesting a rising demand for hot tub products worldwide. Factors such as increasing disposable income, a growing trend towards wellness and relaxation activities, and advancements in technology within the industry may contribute to the anticipated growth. This statistic provides valuable insights for industry players, investors, and policymakers to make informed decisions and strategies related to the hot tub market.
The hot tub market is expected to grow at a CAGR of 5.9% from 2020 to 2027.
The statistic stating that the hot tub market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.9% from 2020 to 2027 indicates the projected average annual rate of growth in market size over this period. This means that the market for hot tubs is anticipated to expand steadily at a rate of 5.9% per year during this timeframe. Companies and investors can use this statistic to forecast potential future demand for hot tubs and make informed decisions regarding investments, production, pricing strategies, and market positioning in relation to this growing sector.
The industry growth rate is expected to increase by 3% by 2022.
The statement “The industry growth rate is expected to increase by 3% by 2022” indicates that the rate at which the industry is expanding is predicted to rise from its current rate to a higher rate of 3% by the year 2022. This suggests that the industry is expected to experience a faster pace of growth over the specified timeframe. This projection could be based on various factors such as market trends, consumer demand, technological advancements, or government policies that are anticipated to drive growth within the industry. It is important for stakeholders in the industry to monitor this growth rate closely and adjust their strategies accordingly to capitalize on potential opportunities or mitigate any risks associated with the anticipated growth.
The U.S. swimming pool equipment and maintenance market is expected to reach USD 11.63 billion by 2025.
The statistic indicates the projected size of the U.S. swimming pool equipment and maintenance market by the year 2025, estimated to reach USD 11.63 billion. This figure suggests a significant increase in the market size over the forecast period, reflecting potential growth opportunities and increased demand for swimming pool equipment and maintenance services in the United States. Factors such as rising disposable income, growing interest in outdoor recreation and leisure activities, and the increasing trend of home improvement projects could contribute to this market expansion. This forecast serves as a valuable insight for industry stakeholders, businesses, and investors to strategize and capitalize on the anticipated growth in the U.S. swimming pool equipment and maintenance market.
The global swimming pool treatment chemicals market is forecasted to reach USD 2.52 Billion by 2026.
The statistic stating that the global swimming pool treatment chemicals market is forecasted to reach USD 2.52 Billion by 2026 indicates the projected value of the market in terms of revenue earned from the sales of swimming pool treatment chemicals worldwide by the year 2026. This forecast suggests a growth trend in the market driven by factors such as increasing demand for swimming pools, rising awareness about the importance of pool water treatment for health and safety, and technological advancements in pool treatment chemicals. It implies potential opportunities for businesses operating in the swimming pool treatment chemicals industry to expand their market presence and seize a share of the estimated market value by the specified year.
85% of all swimming pools in Europe are located in private households.
The statistic that 85% of all swimming pools in Europe are located in private households indicates that the majority of swimming pools in the region are owned and maintained by individuals for personal use rather than being part of public facilities or establishments. This suggests a high prevalence of swimming pools as a luxury or recreational amenity within private residences across Europe. The statistic also highlights the popularity of having a swimming pool as a personal asset among residents in the region, potentially reflecting the importance placed on leisure activities and lifestyle choices that prioritize home-based recreational opportunities.
Italy, Spain, and France are the top three pool markets in Europe with a total of about 1.4 million swimming pools.
This statistic refers to the prominence of Italy, Spain, and France as the top three countries in Europe in terms of the number of swimming pools within their borders. Collectively, these three countries account for approximately 1.4 million swimming pools. This information highlights the popularity of swimming pools in these countries, indicating a strong demand for this leisure amenity among residents. It also suggests that these countries likely have a well-developed infrastructure and culture surrounding swimming pools, which may be influenced by factors such as climate, lifestyle preferences, and economic prosperity. With such a significant number of swimming pools, Italy, Spain, and France emerge as key players in the European pool market.
Pool & Spa Retailer Industry in the US employs a workforce of 71,124.
The statistic that the Pool & Spa Retailer Industry in the US employs a workforce of 71,124 indicates the total number of individuals working within the industry in various capacities such as sales, maintenance, marketing, and management across the United States. This figure gives insight into the size and scope of the industry, showcasing its contribution to the economy by providing employment opportunities to a significant number of people. Furthermore, this statistic is crucial for understanding the labor market dynamics within the pool and spa sector, highlighting the importance of employment within this industry and its impact on overall economic growth and stability.
The average industry profit margin for pool and spa businesses in the US is approximately 5.7%.
The statistic stating that the average industry profit margin for pool and spa businesses in the US is approximately 5.7% means that on average, for every dollar of revenue generated by a pool and spa business, approximately 5.7 cents is retained as profit after accounting for all expenses. This percentage serves as an indicator of the industry’s overall financial health and efficiency in generating profits. A profit margin of 5.7% suggests that pool and spa businesses in the US are able to effectively manage their costs and pricing strategies to achieve a reasonable level of profitability. Businesses with profit margins higher than this average may be considered more financially successful, while those with lower profit margins may need to assess their operations and make adjustments to improve profitability.
42% of global hot tub market revenue in 2020 was from North America.
The statistic “42% of global hot tub market revenue in 2020 was from North America” indicates that North America accounted for nearly half of the total revenue generated in the global hot tub market in that year. This suggests that the hot tub industry in North America is a significant player on the global scale, reflecting a strong demand for hot tubs in the region. The high percentage of market revenue from North America also implies that the region may have a large consumer base for hot tubs or that hot tub manufacturers in North America are highly competitive in capturing a substantial share of the global market. Overall, the statistic highlights the importance of North America as a key market for the hot tub industry in 2020.
Australian swimming pool and spa industry generated revenue of $924.3 million in 2021.
The statistic indicates that the Australian swimming pool and spa industry generated a total revenue of $924.3 million in the year 2021. This means that the industry as a whole was able to generate nearly one billion dollars in revenue from the sales of swimming pools, spas, related equipment, and services during that year. The high revenue suggests that there is strong demand for swimming pools and spa-related products and services in Australia, potentially driven by factors such as a growing population, increasing disposable income, and a trend towards home-based leisure activities. This statistic provides valuable insight into the size and economic importance of the swimming pool and spa industry in Australia for the year 2021.
There are over 2.5 million swimming pools and half a million spas in Australia.
The statistic highlights a significant number of swimming pools and spas across Australia, with over 2.5 million swimming pools and half a million spas in existence. This suggests that swimming pools and spas are popular recreational amenities in the country, reflecting a culture that values leisure activities and relaxation. The presence of such a substantial amount of pools and spas may also indicate a strong interest in health and well-being, as swimming and hydrotherapy are known for their physical and mental health benefits. Additionally, the statistic underscores the economic significance of the swimming pool and spa industry in Australia, providing employment opportunities and contributing to the economy through sales of equipment, maintenance services, and associated products.
In 2021, there were approximately 14,257 swimming pool businesses in Canada.
The statistic states that in 2021, there were an estimated 14,257 swimming pool businesses operating in Canada. This figure indicates the total number of businesses in the country that are specifically engaged in providing swimming pool-related services, such as construction, maintenance, repair, and retail of pool equipment and supplies. The presence of a large number of swimming pool businesses suggests a demand for such services and products within the Canadian market. This statistic can be useful for policymakers, industry analysts, and entrepreneurs looking to understand the landscape of the swimming pool industry in Canada and make informed decisions related to market opportunities, competition, and regulations.
The global swimming pool disinfection systems market is projected to reach USD 5.50 billion by 2026.
This statistic indicates that the market for swimming pool disinfection systems is expected to grow significantly and reach a value of USD 5.50 billion by the year 2026 on a global scale. This projection suggests a strong demand for swimming pool disinfection systems, driven by factors such as increasing awareness about the importance of maintaining water quality and hygiene in pools, the growing number of commercial and residential swimming pools, and the emphasis on public health and safety. The projected growth in the market reflects the expanding opportunities for companies operating in the swimming pool disinfection systems industry to capitalize on this trend and meet the rising demand for effective and efficient disinfection solutions in swimming pools worldwide.
References
0. – https://www.www.grandviewresearch.com
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2. – https://www.industrytoday.com
3. – https://www.www.spasawa.com.au
4. – https://www.www.ibisworld.com
5. – https://www.www.prnewswire.com
6. – https://www.www.eusa.eu
