Competition & Variety

The construction companies and hotel owners have realized the potential in the global tourism market, which is leading to intense competition among them. This has resulted in the construction of several hotels that offer facilities such as sports centers, spas, and swimming pools. Moreover, there are a number of resorts that offer rooms with private pools. This is attracting many tourists to opt for such accommodation, thereby contributing to this market's growth in the future. In terms of geography, the Americas dominated the global swimming pool market during 2016 and will continue to lead the market in the coming years. One of the major reasons for the region holding the largest share is the presence of swimming pools in apartments and individual houses, especially in the US. The US is one of the most urbanized countries with a population that has a high spending capability. Many people can afford to have swimming pools in their houses. However, the market has reached its maturity stage because of the presence of developed infrastructure in the region. The global swimming pool market is highly competitive owing to the presence of numerous well-established players. The intense competition, consumer spending pattern, demographic trends, and frequent changes in consumer preferences are significant risks for vendors. The vendors compete in terms of pool size, types of water features, service portfolio, pricing, and safety features. The competition is expected to increase with the increase in product extensions. The vendors are investing in designing, planning, developing, branding, expanding existing products and services, and also in acquiring new players in the market. Key vendors in this market are H.C. Harrington, Hayward Pool Products, Laswin Pool Products, and Swimlime. Other prominent vendors in the market are Aladdin Equipment, Carvin, Confer Plastics, Finish Thompson, Intex Recreation, Nidec Motor, Ningbo Linya Swimming Pool & Water Treatment Equipment, Pentair, Pleatco, Pool Tool Company, Raypak, Rola-Chem, Smartpool, SunRunner Pool Equipment, Therm Products, Val-Pak Products, Valterra Products, and Waterco. In terms of revenue, the construction segment dominated the market and will continue to lead the market until the end of 2021. The residential construction segment is moving toward constructing high-rise buildings because of the limited availability of land and growing population. As the population is expanding, land consumption will increase. Therefore, the construction industry is focusing on constructing vertical buildings that can accommodate the maximum number of houses. This has led to a rise in the number of high-rise buildings with amenities like swimming pools and gyms, which will directly contribute to this segment's growth in the future. During 2016, the motor pump segment accounted for the largest shares in the global swimming pool market and will continue to lead the market until the end of 2021. Motor pumps are used in swimming pools to maintain the flow of the water and can last for as long as 7-8 years if they are maintained properly. Although there are no substitutes for motor pumps, the segment will exhibit a slight decline in the year-over-year growth rate because of their long-life cycle.