According to material, the concrete segment dominated the swimming pool building market in terms of revenue in 2019, while the fiberglass segment is predicted to increase at the fastest CAGR over the projected period.
Swimming pool construction market
• The Swimming Pool Construction Market is basically driven by the rising number of residential development projects worldwide, according to the report Swimming Pool Construction Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026. The worldwide swimming pool construction business will benefit from a steady recovery in the residential construction business in the United States, major European countries, China, India, and other nations across the world.
• Attractive amenities in residential complexes attract property purchasers’ attention, prompting builders to install swimming pools and gyms in new developments. In addition, rising worldwide visitor numbers and a burgeoning tourism industry, fueled by rising income levels and tourism expenditures, are predicted to boost the hotel industry’s output. This is projected to attract investment in the increasing hotel business and assist the market for swimming pool building. The global market for swimming pool building was worth US$ 38.2 billion in 2017.
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• The installation of swimming pools, spas, and gyms in residential…