The global pool and spa market is projected to reach a valuation of USD 24.5 billion in 2024, driven by stricter regulatory compliance and safety standards. These trends are expected to create significant opportunities for market growth, leading to a CAGR of 6.9% between 2024 and 2034, with the market reaching an estimated USD 47.8 billion by 2034.
A key factor fueling this growth is the rising popularity of wellness tourism, where travelers increasingly seek destinations that offer health and wellbeing-focused experiences. This trend opens up opportunities for collaboration between the travel, hospitality, and pool and spa industries.
Additionally, the integration of smart home technology into pool and spa systems allows users to remotely monitor and control functions such as temperature, lighting, water chemistry, and maintenance schedules via smartphones and other connected devices. This trend towards automation and the Internet of Things (IoT) reflects the growing demand for more convenient, efficient, and personalized pool and spa experiences.
As the pool and spa industry continues to evolve, there is an increasing demand for education and professional development programs to train technicians, designers, and service providers in best practices, new technologies, and industry standards. Training initiatives and certification programs offer opportunities for collaboration between manufacturers, trade associations, and educational institutions to ensure a skilled workforce and maintain high industry standards.
In addition, multi-functional pool designs that cater to a variety of activities—such as swimming, lounging, exercise, and entertainment—are gaining popularity. Features like built-in benches, swim-up bars, waterfalls, and integrated fire pits are enhancing the versatility and appeal of pool environments. These customizable elements present exciting opportunities for creative and innovative design solutions that meet diverse consumer preferences.
Key Takeaways from the Market Study
- Global pool and spa market was valued at US$ 22.7 billion in 2023.
- From 2019 to 2023, the market demand expanded at a CAGR of 8.5%.
- The market in Japan is expected to expand at a CAGR of 5.2% through 2034.
- By type, the spas segment to account for a CAGR of 6.6% through 2034.
- The absolute dollar growth of the market is projected to reach a value of US$ 23.3 billion during the forecast period
- The market in the United Kingdom is expected to expand at a CAGR of 8.3% through 2034.
Competitive Landscape
The competitive landscape of the pool and spa market is shaped by a wide range of participants, including manufacturers, distributors, retailers, service providers, and contractors.
The market draws both established companies and niche players, all vying to capitalize on growing consumer demand for leisure amenities, wellness solutions, and enhanced outdoor living spaces. This diverse mix of players reflects the industry’s dynamic nature and the increasing focus on creating premium, customized pool and spa experiences.
Key Companies Profiled
- Harvia Group
- Pentair
- Fluidra
- KLAFS GmbH & Co. KG
- TyloHelo
- Kohler Co.
- Arctic Spas
- Roca
- Jaquar
- Bullfrog Spas
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Segmentation Analysis of the Pool and Spa Market
Type:
- Spas
- Electric Spas
- Steam Baths
- Saunas
- Hydromassage Bathtubs
- Pools
- Lap Pools
- Wading Pools
- Heated Pools
- Others
- Spray Pools
- Natural Pools
- Zero Edge Pools
Accessories:
- Filters
- Chlorinators
- Blowers
- Cleaners
- Covers
- Suction Fittings
- Pool Pumps
- Others
Material:
- Plastic
- Rubber
- Fiberglass
- Stainless Steel
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
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