Europe Swimming Pools Spas Market Introduction
The Europe swimming pools and spas market was valued at USD 9.5 billion in 2019 and is expected to reach USD 15.5 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Europe Swimming Pools Spas Market Size
The European swimming pool and spa market was valued at USD 5.72 billion in 2020 and is expected to reach USD 8.03 billion by 2026, growing at a CAGR of 5.4% during the forecast period of 2021-2026. The market growth is driven by factors such as the increasing demand for luxury swimming pools and spas, growing urbanization, rising disposable income, and increasing health awareness. Additionally, the growing trend of backyard renovation and the integration of technology in pool and spa maintenance are expected to boost the market growth further.
Europe Swimming Pools Spas Market Share
The European swimming pool and spa market is highly fragmented with several local and regional players. Some of the major players in the market include Fluidra S.A., Pool Corporation, Hayward Industries, Inc., and Zodiac Pool Solutions SAS. These companies are focusing on product innovation, strategic collaborations, and mergers and acquisitions to increase their market share. Additionally, the market is also characterized by the presence of several small and medium-sized players who cater to the local demand for swimming pools and spas. The market share of these players varies depending on the region and the type of product offered.
Europe Swimming Pools Spas Market Trends
There are several trends currently shaping the European swimming pools and spas market. Here are a few notable ones:
Increasing demand for smart and energy-efficient swimming pool and spa solutions: With the rising focus on sustainability, there is a growing demand for smart and energy-efficient swimming pool and spa solutions. Smart systems that can monitor and control pool and spa functions remotely using smartphones and other devices are gaining popularity. Energy-efficient pumps, heaters, and other equipment are also in high demand.
Growing interest in wellness and leisure activities: The COVID-19 pandemic has increased people's interest in wellness and leisure activities. This has led to a surge in demand for swimming pools and spas that can be used for relaxation and exercise.
Technological advancements: The European swimming pools and spas market is witnessing rapid technological advancements. For example, there are new types of pool and spa covers that can keep the water warm, reduce evaporation, and protect against debris. Additionally, there are smart water treatment solutions that use advanced filtration and disinfection technologies.
Increasing demand for natural swimming pools: Natural swimming pools that use plants and natural filtration systems instead of chemicals are becoming increasingly popular in Europe. These pools are seen as a more environmentally friendly and sustainable option.
Integration of outdoor living spaces: Swimming pools and spas are increasingly being integrated into outdoor living spaces to create a seamless indoor-outdoor experience. This trend has led to an increased demand for pool and spa accessories and furniture that can withstand outdoor environments.
Europe Swimming Pools Spas Market Driving factors
There are several driving factors contributing to the growth of the European swimming pools and spas market. Here are a few notable ones:
Increasing disposable income and urbanization: The rise in disposable income and urbanization has resulted in a growing demand for luxury goods and services, including swimming pools and spas.
Growing interest in health and wellness: The increasing focus on health and wellness is driving the demand for swimming pools and spas as people look for ways to exercise, relax, and improve their overall well-being.
Favorable government regulations: Governments across Europe are implementing favorable regulations to promote the construction and use of swimming pools and spas. For instance, many countries are reducing the VAT rates on swimming pools and spa installations.
Advancements in technology: Technological advancements in the swimming pools and spas market have made these products more affordable, easier to maintain, and more energy-efficient. This has led to an increase in demand for these products.
Changing lifestyle trends: Changing lifestyle trends, including the growing trend of outdoor living, are driving the demand for swimming pools and spas that can be integrated into outdoor spaces.
Growing tourism industry: The tourism industry in Europe is experiencing significant growth, and swimming pools and spas are becoming an increasingly important amenity for hotels and resorts. This trend is expected to drive the demand for high-end swimming pools and spas in the coming years.
Europe Swimming Pools Spas Market Regional Analysis
The European swimming pools and spas market can be analyzed regionally based on the countries in Europe. Here is a brief regional analysis:
Western Europe: Western Europe is one of the largest markets for swimming pools and spas in Europe. Countries such as Germany, France, and the United Kingdom are major contributors to the market growth in this region. The market is driven by factors such as increasing disposable income, rising interest in health and wellness, and the growing trend of outdoor living.
Southern Europe: Southern Europe, which includes countries such as Italy, Spain, and Portugal, is another significant market for swimming pools and spas. The market growth in this region is driven by factors such as favorable weather conditions, increasing tourism, and the growing demand for luxury swimming pools and spas.
Eastern Europe: Eastern Europe, which includes countries such as Poland, Russia, and Ukraine, is a rapidly growing market for swimming pools and spas. The market growth in this region is driven by factors such as increasing disposable income, growing interest in health and wellness, and favorable government regulations.
Northern Europe: Northern Europe, which includes countries such as Sweden, Norway, and Denmark, is a smaller market for swimming pools and spas compared to other regions. However, the market growth in this region is driven by factors such as the growing trend of outdoor living, increasing interest in health and wellness, and the growing popularity of natural swimming pools.
Overall, the European swimming pools and spas market is characterized by a mix of mature and emerging markets, with different growth drivers and consumer preferences across different regions.
Europe Swimming Pools Spas Market Forecasts 2030
The European swimming pools and spas market is expected to grow at a CAGR of around 5.2% during the forecast period of 2021-2030. The increasing interest in health and wellness, rising disposable income, and growing demand for luxury swimming pools and spas are some of the major factors driving the market growth in Europe. Additionally, the market is also being driven by the increasing focus on energy-efficient and sustainable swimming pool and spa solutions.Furthermore, the report highlights that the residential segment is expected to continue to dominate the market, with an increasing number of homeowners opting for swimming pools and spas for their homes. The report also notes that the fiberglass material segment is expected to witness significant growth during the forecast period due to its durability, low maintenance, and ease of installation. The natural swimming pools segment is also expected to witness significant growth, driven by the increasing focus on sustainability and environmental concerns.Overall, the European swimming pools and spas market is expected to continue to grow steadily in the coming years, driven by a combination of economic, demographic, and social factors, as well as technological advancements in the industry.
Europe Swimming Pools Spas Market Key Industry Player
The European swimming pools and spas market is highly competitive, with several key players operating in the market. Here are some of the key industry players in this market:
Fluidra Group: Fluidra is a leading global manufacturer and distributor of swimming pool and spa equipment, with a significant presence in Europe.
Zodiac Pool Solutions: Zodiac Pool Solutions is a global manufacturer of swimming pool and spa equipment, including pumps, filters, heaters, and automatic pool cleaners. The company has a strong presence in Europe and is a leading player in the market.
Pollet Pool Group: Pollet Pool Group is a European leader in the distribution of swimming pool and spa products, with operations in several European countries.
Maytronics: Maytronics is a global manufacturer of robotic pool cleaners, with a strong presence in the European market.
Aqua Industrial Group: Aqua Industrial Group is a leading manufacturer of swimming pool and spa equipment, including pumps, filters, and heaters, with a significant presence in Europe.Hayward Industries: Hayward Industries is a global manufacturer of swimming pool and spa equipment, including pumps, filters, heaters, and robotic cleaners. The company has a strong presence in Europe and is a major player in the market.These are just a few of the key industry players in the European swimming pools and spas market. The market is highly competitive, and there are many other players operating in the market as well.