Fiberglass Pools Market Report Overview
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Fiberglass Pools Market size is expected to grow from 1826.7 Million in 2022 to USD 2517.3 Million by 2028 at a Compound Annual Growth (CAGR) of 5.5% from 2022 to 2028.
The fibreglass pool market refers to the industry that manufactures, distributes, and installs fibreglass pools. Because of their longevity, low maintenance requirements, and appealing design options, fibreglass pools are a popular choice among homeowners.
Fibreglass pools are constructed from a composite material that consists of fine glass fibres embedded in a polyester resin. Fibreglass pools have a smooth, non-porous surface that is resistant to algae growth and uses fewer chemicals than other pool kinds.
COVID-19 Impact: Pandemic has had a mixed impact on the market
The COVID-19 epidemic had a mixed influence on the fiberglass pool market. The market initially faced severe hurdles as construction activity was constrained and consumer spending on non-essential items dropped. However, as lockdown measures were relaxed and individuals spent more time at home, there was a surge in desire in developing personal outdoor spaces, such as swimming pools. As a result, demand for fibreglass pools increased as homeowners sought to improve their living spaces. Supply chain disruptions and higher raw material costs also impacted output and pricing in the market. Nonetheless, the fibreglass pool industry's tenacity and the growing desire for at-home leisure activities aided its revival and slow expansion in the post-pandemic years.
Latest Trends
"Increasing use of smart technology to contribute in market growth"
The use of smart technology is one of the most recent trends in the fibreglass pool market. To improve the user experience and expedite pool care, pool manufacturers are introducing smart features such as remote control systems, automated water quality monitoring, and smartphone connectivity. Through mobile apps or voice-activated devices, pool owners can conveniently control and monitor their pools, modify water temperature and chemical levels, receive maintenance warnings, and even schedule cleaning and filtration cycles. The use of smart technology not only increases pool management convenience and efficiency, but it also corresponds with the growing need for smart home solutions.
Fiberglass Pools Market Segmentation
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- By Type Analysis
According to type, the fiberglass pools market can be segmented into area below 30 ㎡, area 30㎡ to 50㎡ and area above 50㎡
- By Application Analysis
Based on application, the market can be divided into household and commercial.
Driving Factors
"Durability and low maintenance to contribute to increase in market demand "
Fiberglass pools are highly durable, resistant to cracking, and have a smooth non-porous surface that inhibits algae growth. This characteristic significantly reduces maintenance requirements compared to other pool types such as concrete or vinyl liner pools. The demand for low-maintenance options is a key driving factor in the fiberglass pool market as homeowners seek hassle-free and long-lasting pool solutions.
"Quick installation process to boost market growth"
The quick installation process of fiberglass pools is another driving factor in the market. Unlike traditional pool types, fiberglass pools are pre-built in a factory and delivered to the installation site as a single unit. This reduces the construction time significantly, allowing homeowners to enjoy their pools sooner. The time-saving aspect of fiberglass pool installation appeals to customers seeking a faster turnaround and minimal disruption to their property.
Restraining Factors
"High cost associated with the installation to limit market growth "
One of the restraining factors in the fiberglass pool market is the relatively higher initial cost compared to other pool types. Fiberglass pools often have a higher upfront cost due to factors such as manufacturing processes, transportation, and installation. This can pose a financial challenge for some homeowners, limiting the market's potential reach. However, the long-term benefits, durability, and lower maintenance costs associated with fiberglass pools often offset the initial investment, making them an attractive option for those seeking a high-quality and long-lasting pool solution.
Fiberglass Pools Market Regional Insights
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"Culture of outdoor living and a desire for luxurious backyard amenities to assist North America to lead the market"
Regional differences in demand and preferences in the fibreglass pool market are revealed. The market is well-established in North America, driven by an outdoor living culture and a desire for opulent backyard facilities. The European industry is steadily expanding, with increased interest in private swimming pools and a focus on sleek, modern designs. The market in Asia-Pacific is quickly expanding as a result of increased disposable incomes, urbanisation, and a growing middle class seeking recreational options at home. Other regions, such as the Middle East and Africa, are also seeing an increase in demand for private swimming pools for residential and commercial properties as people embrace the notion.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Development"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Latham Pool, Compass Pools, Leisure Pools, Blue Haven, Alaglas Pools, Freedom Pools, Swim USA Pools, Tallman Pools, Crystal Pools, LoneStar Fiberglass Pools, Imagine Pools and Thursday Pools.
Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over fiberglass pools market share by the key players stimulates the market growth.
List of Market Players Profiled
- Latham Pool: Latham, New York, USA
- Compass Pools: Hamilton, New South Wales, Australia
- Leisure Pools: Brisbane, Queensland, Australia
- Blue Haven: Vineland, New Jersey, USA
- Alaglas Pools: St. Matthews, South Carolina, USA
- Freedom Pools: Perth, Western Australia, Australia
- Swim USA Pools: Fort Walton Beach, Florida, USA
- Tallman Pools: Jonesboro, Georgia, USA
- Crystal Pools: Zelienople, Pennsylvania, USA
- LoneStar Fiberglass Pools: Beeville, Texas, USA
- Imagine Pools: Charlotte, North Carolina, USA
- Thursday Pools: Fortville, Indiana, USA
Report Coverage
This report examines an understanding of the fiberglass pools market size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1826.7 Million in 2022 |
Market Size Value By |
US$ 2517.3 Million by 2028 |
Growth Rate |
CAGR of 5.5% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the fiberglass pools market expected to touch by 2028?
Based on our research the market is expected to reach USD 2517.3 million in 2028.
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What CAGR is the fiberglass pools market expected to exhibit by 2028?
The market is expected to exhibit a CAGR of 5.5 % by 2028.
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Which are the driving factors of the fiberglass pools market?
Durability and low maintenance and quick installation process are two major driving factors of the market.
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Which are the top companies operating in the fiberglass pools market?
The top key players in the market are Latham Pool, Compass Pools, Leisure Pools, Blue Haven, Alaglas Pools, Freedom Pools, Swim USA Pools, Tallman Pools, Crystal Pools, LoneStar Fiberglass Pools, Imagine Pools and Thursday Pools.
