SWIMMING POOL MARKET is valued at US$ 3.18 Billion in 2021 and is anticipated to increase to US$ 3.66 Billion by 2027, with a growing CAGR of 1.93% in the next six years.
Swimming Pool is a structure designed to hold water to enable swimming or other leisure activities. ; these are the main factors that have considerably increased the demand for the Swimming Pool in the market, thereby driving the huge growth of the Swimming Pool market in the upcoming years
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Swimming Pool in the market is mainly due to the rise in awareness to regularly exercise, boost the immune system of the body, and live a healthy life. The awareness of regular exercise has led to construction of new gyms consisting of swimming pools as well as renovating the old gyms and making them equipped with swimming pools on public demand. In addition, rise in tourism across the world increased the demand for luxurious hotels and rented bungalows that are equipped with swimming pools. This has led to construction of swimming pools in hotels and rented bungalows.
Moreover, there has been rise in per capita income of the people, which has led to rise in the standard of living; these are the main factors that have considerably increased the demand for the Swimming Pool in the market, thereby driving the huge growth of the Swimming Pool market in the upcoming years
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Report is segmented as:
Swimming Pool Market is segmented on the basis of by :
- By Type (Fiberglass pool, Concrete Pool, And Vinyl Liner Pools),
- By Application (Residential, Commercial Swimming Pools, and Public Swimming Pools)
Geographical Segmentation:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America has the dominant share in the Swimming Pool is due to the Rise in the disposal income these are the main factors that have considerably increased the demand for the Swimming Pool in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Swimming Pool Market
Impact of COVID-19 on Market
Covid -19 pandemic has created huge losses in every sector across the world, and temporary lack of growth in export and import activities, which has impacted the raise of Swimming Pool market growth. Due to covid-19 many companies has shut down and stopped their production and has decreased the availability of Maple Water. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Swimming Pool market growth.
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