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Swimming Pools and Spas Market Size
- Report ID: GMI7854
- Published Date: Jan 2024
- Report Format: PDF
Swimming Pools and Spas Market Size
Swimming Pools and Spas Market size was valued at over USD 2 billion in 2023 and is anticipated to grow at a CAGR of over 7.5% between 2024 & 2032. Advancements in pool & spa technology boost the market by providing novel features such as energy-efficient systems, smart automation, and water conservation solutions.
These technological advancements improve user experience, promote safety, and correlate with environmentally responsible practices, resulting in greater customer interest & demand. As consumers seek modern and effective solutions, the ongoing advancement of pool & spa technologies becomes an important element, driving overall market growth. For instance, in June 2022, PoolPal Corp. launched a lineup of industry-leading AI-driven swimming pool automation system platforms. PoolPal is a composable industrial-grade platform that functions as a cloud-integrated control system by generating a digital replica of a physical entity in a cyber-physical environment, providing the operator with energy monitoring, control, agility, flexibility & dependability on a safe platform.
A swimming pool and spa refer to recreational water facilities designed for swimming, relaxation, and hydrotherapy. A swimming pool is typically a structure filled with water for swimming and water-based activities. Spas, or hot tubs, are smaller water vessels with jets that provide therapeutic and relaxing experiences. Both are commonly used for leisure, exercise, and therapeutic purposes in residential, commercial & recreational settings.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Swimming Pools and Spas Market Size in 2023: | USD 2.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 5 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 292 |
| Segments covered: | Product, Accessories, Material & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High operating costs and maintenance requirements act as significant pitfalls for the swimming pool and spas market. These factors can deter potential customers due to increased expenses related to energy consumption, water treatment, and regular maintenance. The ongoing operational and upkeep costs may discourage adoption or impact the overall affordability for consumers, limiting market progress.
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Swimming Pools and Spas Market Scope
