Pool and Spa Market Report 2024

Where is the largest and fastest growing market for pool and spa? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The pool and spa market size has grown strongly in recent years. It will grow from $19.44 billion in 2023 to $20.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to increased investments in home leisure as people spent more time at home, a surge in demand for home pools and spas due to travel restrictions, greater awareness of the benefits of hydrotherapy and wellness, higher consumer spending on luxury home amenities, and the expansion of suburban and residential areas.

The pool and spa market size is expected to see strong growth in the next few years. It will grow to $26.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to the increasing consumer focus on mental and physical well-being, the development of solar-powered and water-saving pool and spa solutions, expanding medical and rehabilitation applications for pools and spas, the ongoing growth of urban residential projects with luxury amenities, and rising middle-class income levels driving demand for home improvements. Major trends during this period include the integration of IoT and AI for remote control, automation, and maintenance, solar-powered heating and filtration systems, customizable pool and spa designs, insulated and heat-retaining pool covers, and innovative solutions for rooftop and indoor installations.

The growing wellness and spa tourism industry is expected to drive the expansion of the pool and spa market. This industry involves traveling to enhance health and well-being through activities such as spa treatments, fitness programs, and holistic wellness experiences. The growth of wellness and spa tourism is fueled by increasing consumer demand for stress relief, holistic health treatments, and overall well-being experiences. Pools and spas play a crucial role in the wellness and spa tourism sectors by offering therapeutic water treatments and relaxation experiences that contribute to overall well-being. For example, in January 2023, the American Med Spa Association, a national organization of medical spa professionals, reported that a single-location medical spa generated $1,982,896 in revenue in 2022, up from $1,722,551 in 2021, reflecting an increase of $260,345. As a result, the expanding wellness and spa tourism industry is contributing to the growth of the pool and spa market.

Leading companies in the pool and spa market are focusing on developing advanced solutions such as smart pool management systems to improve user convenience and efficiency. These systems use automated technology to monitor and control various aspects of pool maintenance, including water temperature, chemical balance, filtration, and cleaning schedules, often with remote access via digital platforms. For instance, in November 2022, Aiper, a US-based provider of robotic pool cleaners, introduced the Seagull SE, a new product in the Seagull Series. The Seagull SE features dual-drive motors and bottom scrubbers for enhanced cleaning performance, along with a self-parking feature for added convenience. It charges quickly in approximately 2.5 hours and includes LED indicators to inform users about battery life. Designed with environmental considerations in mind, it uses a rechargeable lithium battery and a nylon holding tray, eliminating the need for disposable bags.

In May 2024, Texas Pools Inc., a US-based luxury pool design and construction company, acquired The Pool Man Inc. for an undisclosed amount. This acquisition is expected to strengthen Texas Pools’ market presence, broaden its customer base, enhance service capabilities, and provide access to new technologies and expertise. The Pool Man Inc., based in the US, specializes in residential pool and spa services.

Major companies operating in the pool and spa market are Kohler Co, Pentair plc, Fluidra S.A., Roca Group, BWT Holding GmbH, Villeroy and Boch, Jacuzzi Brands LLC, Duravit AGa, Bullfrog Spas, Jaquar & Company Private Limited., Harvia Plc, Coast Spas Manufacturing Inc., SAWO Inc., TyloHelo Inc, Arctic Spas Ltd, Blue Haven Pools and Spas, Narvi Oy, KLAFS GmbH & Co. KG, Unbescheiden GmbH, Physiotherm Infrarotkabinen.

North America was the largest region in the pool and spa market in 2023. The regions covered in the pool and spa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the pool and spa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Pool and spa facilities are designed for recreational and therapeutic water activities. A pool is a large, typically outdoor structure filled with water for swimming and leisure, while a spa, also known as a hot tub or Jacuzzi, is a smaller, heated pool used for hydrotherapy and relaxation. These facilities are commonly found in residential settings, hotels, and health clubs, offering both fitness and wellness benefits.

The main types of pool and spa facilities include pools and spas. Spas provide therapeutic treatments and relaxation experiences, often featuring hot tubs, saunas, and various massage therapies. Accessories for pools and spas include filters, chlorinators, blowers, cleaners, covers, suction fittings, and pool pumps, made from materials such as plastic, rubber, fiberglass, and stainless steel.

The pool and spa market research report is one of a series of new reports that provides pool and spa market statistics, including the pool and spa industry's global market size, regional shares, competitors with a pool and spa market share, detailed pool and spa market segments, market trends and opportunities, and any further data you may need to thrive in the pool and spa industry. This pool and spa market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pool and spa market consists of sales of pumps, filters, heaters, and chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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