Swimming Pools and Spas Market - By Product (Movable Swimming Pools, Movable Spas), By Accessories (Pool Accessories, Spa Accessories), By Material (Plastic, Rubber, Fiberglass, Stainless Steel), Forecast 2024 - 2032

Swimming Pools and Spas Market - By Product (Movable Swimming Pools, Movable Spas), By Accessories (Pool Accessories, Spa Accessories), By Material (Plastic, Rubber, Fiberglass, Stainless Steel), Forecast 2024 - 2032

Swimming pools and spas market size is projected to expand at over 7.5% CAGR from 2024 to 2032, attributed to the increasing focus on health and wellness along with the rising inclination towards recreational activities. The urbanization and lifestyle changes are leading to the expansion of residential pool installations. According to Gitnux, the annual installations of in-ground swimming pools in North America will reach 320,000 units by 2026. This trend is expected to continue in the coming years.

Additionally, the surge in tourism and hospitality investments in luxurious amenities, including pool facilities will increase the product adoption. Technological advancements, such as smart pool systems and energy-efficient solutions, are also positively influencing consumer preferences. Moreover, the growing trend of outdoor living spaces and the desire for personalized, aesthetically pleasing designs will drive the industry growth ahead.

The swimming pools and spas industry is segregated into product, accessories, material, and region.

Based on material, the industry value from the stainless-steel segment is projected to rise at substantial CAGR from 2024 to 2032, due to benefits like durability, resistance to corrosion properties and high aesthetic appeal. Stainless steel is preferred for its ability to withstand harsh pool environments for providing a long-lasting and visually appealing solution. The increasing demand for durable and low-maintenance pool construction materials will also favor the segment growth.

Swimming pools and spas market share from the spa accessories segment is estimated to witness over 10.5% growth rate through 2032, owing to the rising demand for enhancing spa experiences. The rising focus on relaxation and wellness is encouraging consumers to invest in spa accessories like comfortable seating, advanced jet systems, and mood lighting. The strong desire for personalized and luxurious spa settings along with technological innovations in spa accessories will influence the segment growth.

Regionally, the Asia Pacific swimming pools and spas market size is estimated to grow at over 9% CAGR between 2024 and 2032. The growth can be attributed to the increasing urbanization, rising disposable incomes, and changing lifestyles. The growing awareness of health and wellness, coupled with the surge in recreational activities is creating high product demand in the region. Additionally, the expanding tourism and hospitality vertical will fuel the regional market expansion.