The "Swimming Pool Accessories Market - Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The Global Swimming Pool Accessories Market was valued at USD 6.86 Billion in 2023, and is expected to reach USD 8.9 Billion by 2029, rising at a CAGR of 4.43%.

The global swimming pool accessories market is highly competitive, with the presence of a large number of public and private companies. These vendors typically compete on key parameters such as product design, quality, reliability, support services, and price. Rapid technological advances adversely impact market vendors as consumers expect continuous innovations and product upgrades.

The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Hayward Industries, Pentair plc, Zodiac Pool Systems, Inc., and other prominent brands have many product offerings and a widespread presence in the global swimming pool accessories market. The major vendors are adopting innovative technologies to retain their strong industry position.

MARKET TRENDS & OPPORTUNITIES

Rise in Commercial Construction and Projects

In the long run, the global construction industry is expected to experience steady growth due to low interest rates in a few European countries and stable economic growth. Currently, developments in the construction industry are unstable due to the economic recession. However, they are expected to have a short-term impact as the fiscal stimulus and other measures are expected to be rolled out as soon as possible to get construction back on track. This is because it supports a large number of ancillary industries and also employs a large number of people. Hence, the revival is expected to materialize after 2023.

Among commercial and residential sectors, the growth of the residential construction sector is gaining traction. New residential markets are expected to grow in countries such as Ireland, Portugal, Spain, Poland, and the Czech Republic due to investments in these countries because of low construction and labor costs compared to developed countries such as France, Germany, and the UK. Renovation is expected to increase in non-residential markets in countries such as Hungary, the Czech Republic, Poland, the Netherlands, and Spain. Investments made by global investors are significantly increasing. Shopping centers, office space segments, and expanding the industrial and land sectors are the growth enablers for the swimming pool accessories market.

Growth in Swimming Pool Construction

The growth in preference for sophisticated lifestyles, rise in disposable income, and urbanization drive the swimming pool accessories market. Since it is one of the important lifestyle amenities, the rise in residential projects encourages the adoption of pools. Similarly, the boom in the tourism industry and rise in tourism spending also enforces the construction of pools in hotels and resorts. A strong economic environment, dynamic lifestyle trends, positive consumer outlook, rising home values, and flourishing outdoor living reflect strong growth for the swimming pool and its associated products and services market.

INDUSTRY RESTRAINTS

Consumer Awareness

Consumer awareness can act as a significant restraint in the swimming pool accessories market. Consumer awareness refers to the level of understanding and knowledge consumers have about the products and services available in the market. Heightened consumer awareness can increase expectations regarding swimming pool accessories' quality, safety, and environmental impact. Consumers who are well-informed about the potential risks and benefits of different products will likely demand higher standards from manufacturers and retailers. This can pose a challenge for businesses operating in the market, as they must invest more in research, development, and compliance to meet these expectations. Another aspect of consumer awareness involves understanding maintenance requirements and costs associated with different swimming pool accessories. Consumers restrain their purchases if they are well informed about the ongoing expenses and efforts required to keep certain accessories in good condition.

GEOGRAPHICAL ANALYSIS

North America accounted for the highest share, accounting for over 34% stake of the global swimming pool accessories market in 2023. North America has one of the world's highest rates of pool ownership. Many households in the United States and Canada have swimming pools, especially in warmer regions like California, Florida, Arizona, and Texas. This widespread pool ownership creates a large and consistent demand for swimming pool accessories. North America's strong economy and relatively high disposable income allow homeowners to invest in swimming pools and accessories. Homeowners are more likely to spend on upgrades, renovations, and accessories to enhance their pool experience, driving market growth.

The swimming pool accessories market in Europe is a dynamic sector that caters to a diverse range of consumer needs and preferences. With a growing emphasis on leisure activities and wellness, the demand for swimming pool accessories has witnessed steady growth across the continent. From essential items like pool cleaners, filters, and pumps to more specialized products such as pool covers, lighting systems, and water treatment solutions, the market offers many options to enhance the swimming experience.

One of the key drivers behind the growth of the swimming pool accessories industry in Europe is the increasing number of private and public swimming pools. As homeowners and commercial establishments invest in creating recreational spaces, there's a corresponding demand for accessories that optimize functionality, safety, and aesthetics.

COMPETITIVE LANDSCAPE

Key Company Profiles

• Pentair
• Zodiac Pool Systems
• FLUIDRA
• Hayward Industries
• Maytronics
• Waterco
• Aqua Products

Other Prominent Vendors

• Intex Recreation
• Pool Corporation
• Latham Pool Products
• Desjoyaux
• Halbert Pool & Spa
• Aquaneo
• Swimart Pty Ltd.
• Water Tek
• Excel Parks and Pools
• Emaux Water Technology
• Laswim Water Environment Equipment Co. Ltd
• PERAQUA PROFESSIONAL WATER PRODUCTS
• INCEDOGAN - DST Pool
• Blue Wave
• Bestway
• Leslie's Pool Supplies
• Swimline
• SR Smith
• CMP
• Waterway Plastics
• Harris
• Kokido
• Loop-Loc
• Merlin Industries
• Automatic Pool Cover Inc.
• Robelle Industries
• Poolmaster
• AquaChek
• AquaSphere
• Solar-Breeze
• Thermopool
• Heliocol
• Aquabot
• SplashNet Xpress
• Intermatic 

Key Attributes:

Key Topics Covered:

Market Opportunities & Trends

• Rise in Disposable Income
• Profit Volatility in APAC
• Smart Pool Technology
• Surge in Modular Construction Projects

Market Growth Enablers

• Growth in Swimming Pool Construction
• Changing Consumer Lifestyles
• Rising Popularity of Entertainment Events on the Increase in Swimming Pool Accessories
• Increasing Disposable Income

Market Restraints

• Installation and High Maintenance Costs
• Consumer Awareness
• Competition from Substitutes

Segmentation by Type

• Pool Covers
• Pool Filters
• Pool Lightings
• Cleaning Equipment
• Pool Furniture
• Pool Automation Systems
• Others

Segmentation by Installation Type

• DIY (Do-It-Yourself)
• Professional Installation

Segmentation by Pool Design

• In-ground Swimming Pools
• Above-ground Swimming Pools

Segmentation by End-user

• Residential
• Non-Residential

Segmentation by Distribution Channel

• Offline
• Online

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