The Latest Pool Service Industry Statistics Explained
The pool cleaning service in the United States is projected to hit $3bn in revenue in 2021.
The statistic that the pool cleaning service in the United States is projected to hit $3 billion in revenue in 2021 indicates the expected total earnings generated by the pool cleaning industry within the country for the specified year. This figure represents the estimated sum of all the sales made by pool cleaning businesses, including services such as maintenance, repair, and cleaning of swimming pools. It suggests a significant market size and highlights the growing demand for pool cleaning services in the U.S. in 2021, likely driven by factors such as an increasing number of pool owners, heightened emphasis on cleanliness and hygiene, and potential expansions in the housing and leisure industries.
Revenue growth for the pool cleaning industry in the US is expected to grow at an annualized rate of 1.9% in the five years to 2026.
The statistic indicates that the revenue generated by the pool cleaning industry in the US is projected to increase at an annualized rate of 1.9% over the five-year period leading up to 2026. This growth rate suggests that the industry is expected to experience a modest but steady expansion in terms of revenue during the specified timeframe. Factors such as increasing demands for pool cleaning services, population growth, and potentially improving economic conditions may contribute to this anticipated growth. Businesses within the pool cleaning industry can use this statistic to inform their strategic planning and investment decisions for the upcoming years, helping them capitalize on the expected growth opportunities in the market.
The pool service industry in the US has over 55,747 businesses in 2021.
The statistic that the pool service industry in the US has over 55,747 businesses in 2021 represents the total number of companies operating within this sector during that year. This figure serves as a quantitative indicator of the industry’s size and level of competition. It highlights the significant presence of pool service businesses in the US market, which indicates a strong demand for these services. Understanding the number of businesses in the industry can provide valuable insights for market analysis, benchmarking, and decision-making for both existing and potential entrants in the pool service industry.
63% of pool service providers are estimated to have a total revenue of less than $500K.
This statistic suggests that a significant majority (63%) of pool service providers are characterized by a relatively low level of total revenue, specifically less than $500,000. This indicates a prevalence of smaller businesses within the pool service industry, potentially comprising individual contractors or smaller companies with limited market share and financial resources. The statistic underscores the competitive landscape and potential barriers to growth in the industry, as a majority of providers operate within a lower revenue bracket. Understanding the distribution of revenue among pool service providers can inform strategic decision-making processes and market positioning for businesses looking to navigate and succeed in this sector.
Greater than 50% of pool service businesses are locally operated and are not franchised.
This statistic indicates that a majority of pool service businesses operate within a local context and are independently owned or run, without being part of a franchise system. This suggests that in the pool service industry, there is a prevalence of small-scale, locally-owned businesses rather than larger, nationally or globally franchised operations. This could imply a greater diversity in service offerings, pricing structures, and customer relationships within the industry, as locally operated businesses may have more flexibility and autonomy in their operations compared to franchise establishments. Additionally, customers seeking pool services may prioritize supporting local businesses and benefiting from more personalized services over opting for larger franchise chains.
In 2022, investment in the US pool service industry will grow by 0.7%.
The statistic indicates that in the year 2022, there is an expected growth of 0.7% in investment within the US pool service industry. This suggests a modest increase in financial resources being allocated towards businesses and services related to maintaining and servicing pools across the country. The growth rate of 0.7% signifies a positive trend in the industry, albeit at a relatively slow pace. This statistic could reflect various factors such as consumer demand for pool services, economic conditions, industry innovations, and market competition, all influencing the decision to invest in this particular sector. Overall, the projected increase in investment signals a slight uptick in interest and financial support for the US pool service industry in the upcoming year.
Pool service businesses typically earn between $10,000 to $15,000 in monthly revenue; the revenue is seasonal.
The statistic indicates that pool service businesses generally generate a monthly revenue ranging from $10,000 to $15,000, suggesting a relatively consistent income stream within this range. The seasonal nature of the revenue implies that there may be fluctuations in earnings throughout the year, with potentially higher revenues during peak pool usage seasons like summer and lower revenues during off-peak periods. This information can be valuable for business planning and budgeting purposes, helping pool service companies anticipate and prepare for revenue variations based on seasonal trends in demand for their services. Additionally, understanding the typical revenue range for such businesses can provide insights for benchmarking performance and setting realistic financial goals within the industry.
As per a survey, the average hourly rate for pool cleaning service in the US was $75 in 2020.
The statistic indicating that the average hourly rate for pool cleaning service in the US was $75 in 2020 is obtained from a survey that likely collected data from a representative sample of pool cleaning service providers across the country. This average hourly rate of $75 offers valuable insight into the typical cost that consumers can expect to pay for professional pool maintenance services. It is important to consider that this statistic represents a central tendency within the data set, suggesting that there may be variations in pricing based on factors such as geographic location, the size of the pool, specific services offered, and the expertise of the service provider.
The number of businesses in the swimming pool construction industry, that also offer maintenance services, has increased by 1.8% in 2021.
The statistic indicates that there has been a 1.8% increase in the number of businesses within the swimming pool construction industry that now also provide maintenance services in the year 2021. This growth suggests a trend towards diversification within the industry, with businesses expanding their services to meet the varying needs of customers. The increase in businesses offering both construction and maintenance services could be driven by factors such as increasing customer demand for comprehensive solutions, improving profitability through service bundling, or adapting to changing market dynamics. Overall, this statistic highlights a positive shift in the swimming pool construction industry towards offering more holistic and integrated services to fulfill customer needs.
Pool and spa maintenance revenue is estimated to account for 10% of the total pool industry revenue in 2021.
The statistic that pool and spa maintenance revenue is estimated to account for 10% of the total pool industry revenue in 2021 implies that within the pool industry, a significant portion of the revenue generated is attributed to the upkeep and servicing of existing pools and spas. This highlights the importance and value placed on maintenance services within the industry. The percentage figure gives us a sense of the relative size and contribution of maintenance revenue compared to other sectors within the pool industry. It suggests that there is a substantial market for pool and spa maintenance services, indicating a demand for ensuring the proper functioning and upkeep of pools and spas in residential and commercial settings.
Only 37% of pool service companies offer online booking for customers.
The statistic indicates that a minimal proportion, specifically 37%, of pool service companies provide the convenience of online booking services for their customers. This suggests that the majority of pool service companies still utilize traditional booking methods, such as phone calls or in-person requests, rather than embracing the trend towards digital interactions. The low adoption rate of online booking systems within this industry may imply missed opportunities for efficiency improvements, customer satisfaction, and business growth that often accompany such technological advancements in service-based businesses.
There has been a 26.4% increase in pool installations from 2019 to 2021, increasing the need for pool services.
The statistic indicates that the number of new pool installations has increased by 26.4% from 2019 to 2021. This level of growth suggests a substantial rise in the demand for pool-related services such as maintenance, cleaning, and repairs. The significant surge in pool installations reflects a growing trend towards investing in recreational amenities and improving outdoor spaces. Pool service providers are likely to experience a higher demand for their services due to the increasing number of pools being installed, presenting an opportunity for businesses in the industry to expand and cater to a larger market.
Americans spend approximately $3 billion each year on swimming pool services and maintenance.
The statistic that Americans spend approximately $3 billion each year on swimming pool services and maintenance indicates a significant economic investment and demand for keeping pools in good condition. This figure suggests that swimming pools are a popular feature among American households, leading to a substantial market for related services and products. The amount spent highlights the importance that individuals place on maintaining their pools to ensure they are clean, safe, and functional. Additionally, it indicates opportunities for businesses in the pool service industry to cater to this market segment and potentially expand their services to meet the needs of pool owners.
Professionals clean about 67.3% of all swimming pools in California.
The statement “Professionals clean about 67.3% of all swimming pools in California” indicates that the majority of swimming pools in California are serviced by professional pool cleaners. This statistic suggests that a substantial portion of pool owners in the state rely on professional services to maintain the cleanliness and functionality of their pools. The percentage of 67.3% implies that a clear majority of pool owners prefer to outsource the maintenance of their pools to professionals rather than managing it themselves. This statistic underscores the significance of the pool cleaning industry in California and highlights the trust that pool owners place in professional cleaners to keep their pools in optimal condition.
Pool service industry shows a profit margin of around 11.5%.
The statistic that the pool service industry shows a profit margin of around 11.5% means that for every dollar of revenue generated by businesses in this industry, they are able to retain approximately 11.5 cents as profit after accounting for all expenses. This profit margin of 11.5% indicates that pool service companies are able to effectively manage their costs and generate a respectable level of profitability from their operations. A profit margin of 11.5% suggests that these businesses are generally efficient and successful in maintaining a healthy financial performance within the industry compared to other industries.
The average pool service route grosses $1 million annually with a net profit margin of 30%.
This statistic indicates that the average pool service route generates total revenue of $1 million per year. After deducting all expenses, the business is left with a net profit margin of 30%, meaning that it retains 30% of the revenue as profit. This implies that the business is relatively efficient in managing its costs and operations, resulting in a substantial profit margin compared to the revenue it generates. A net profit margin of 30% is considered healthy and highlights the profitability and financial performance of the pool service route.
Conclusion
Overall, the pool service industry statistics provide valuable insights into the trends and challenges facing businesses in this sector. By leveraging data on customer demographics, service offerings, and market dynamics, companies can make informed decisions to drive growth and improve customer satisfaction. As the industry continues to evolve, staying informed and adapting to changing preferences will be key for success in the competitive pool service market.
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