Fiberglass Prefabricated Swimming Pools Market Size, Share, Growth and Industry Analysis by Type (Area < 30 ㎡, 30㎡ ≤ Area ≤ 50㎡, And, 50㎡ < Area) By Application (Hotel, Public Pools, Private Pools, And, Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 22 April 2024

Fiberglass Prefabricated Swimming Pools Market Report Overview

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The global fiberglass prefabricated swimming pools market size was USD 1826.7 million in 2022 and is projected to touch USD 2955.92 million by 2031 with a CAGR of 5.5% during the forecast period.

Fiberglass prefabricated swimming pools offer a convenient and durable solution for homeowners seeking to install a swimming pool. These pools are constructed using fiberglass materials that provide strength, longevity, and resistance to various weather conditions. With their pre-formed design, they can be quickly and easily installed, reducing construction time and costs.

Fiberglass pools also offer a smooth, non-porous surface that is easy to clean and maintain. Their versatility and customizable options make them a popular choice for those looking to enhance their outdoor living space with a stylish and efficient swimming pool. All of these factors are driving the fiberglass prefabricated swimming pools market growth.

COVID-19 Impact: Increase in Home-based Leisure Activities During Pandemic Reduced Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic created many challenging obstacles for all the markets throughout the world. On one hand, the demand for backyard swimming pools surged as people sought safe and private recreational options during lockdowns and restrictions. This increased interest in residential pools, including fiberglass prefabricated models, led to a boost in sales and installations.

On the other hand, the pandemic disrupted global supply chains and caused material shortages, impacting the production and delivery of fiberglass pools. Restrictions on construction and non-essential services in some regions temporarily halted installations. As people indulged themselves in home-based leisure activities, the demand for these swimming pools increased.

LATEST TRENDS

"Growing Demand for Smaller-sized Pools to Increase Market Growth"

The fiberglass prefabricated swimming pool industry is experiencing several notable trends. There is a growing demand for smaller-sized pools, catering to homeowners with limited space. These compact pools provide all the amenities of larger pools while optimizing space utilization. Along with this there is a rise in eco-friendly features, such as energy-efficient pumps and filters, solar heating systems, and water-saving designs. Sustainability and environmental consciousness are driving these choices.

Customization options are expanding, allowing customers to personalize their pool designs with unique shapes, colors, and features. Technology integration is becoming more prevalent, with features like smart controls, automated cleaning systems, and LED lighting enhancing the pool experience. All of these are the latest trends in the market.

Fiberglass Prefabricated Swimming Pools Market Segmentation

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• By Type:

The market can be divided on the basis of type into the following segments:

Area < 30 ㎡, 30㎡ ≤ Area ≤ 50㎡, and, 50㎡ < Area. The area < 30 ㎡ segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Hotel, Public Pools, Private Pools, and, Others. The hotel segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Durability Provided by Fiberglass Swimming Pools to Accelerate Market Growth"

The demand for fiberglass prefabricated swimming pools is driven by several key factors. Firstly, homeowners seek the convenience and efficiency of these pools, as they can be quickly installed and ready for use in a shorter timeframe compared to traditional construction methods. Additionally, fiberglass pools are known for their durability, requiring minimal maintenance and offering long-lasting enjoyment.

Affordability plays a significant role, as these pools often present a cost-effective option compared to custom-built options. The versatility of fiberglass pools, with various shapes and sizes available, appeals to a wide range of preferences and space constraints. These are considered to be the factors driving the market growth.

"Low Maintenance Requirements of These Pools to Propel Market Growth "

In addition to the aforementioned factors, there are other driving forces behind the popularity of fiberglass prefabricated swimming pools. Firstly, their low maintenance requirements make them an attractive option for busy homeowners seeking a hassle-free pool experience. Fiberglass pools have a smooth, non-porous surface that resists algae and stains, reducing the need for extensive cleaning and chemical treatments. Secondly, their durability and resistance to cracking, fading, and warping make them a long-term investment for homeowners.

 Furthermore, the availability of customization options, including built-in features like benches, steps, and spas, allows homeowners to create a personalized pool that fits their specific needs and aesthetic preferences. These factors will create lucrative growth opportunities for the development of fiberglass prefabricated swimming pools market share.

RESTRAINING FACTOR

"High Upfront Investment for These Pools to Bring Down Market Growth"

While fiberglass swimming pools have numerous advantages, there are also restraining factors that may influence their adoption. One such factor is the initial cost, as fiberglass pools can be relatively expensive compared to other types of pools. This upfront investment may deter some budget-conscious homeowners. Another restraint is the limited flexibility in design and shape compared to custom-built pools.

Homeowners with specific design preferences may find the options available for fiberglass pools too restrictive. Additionally, transportation and installation logistics can be challenging, especially in areas with limited access or difficult terrain. These factors can negatively impact the widespread adoption of these pools.

Fiberglass Prefabricated Swimming Pools Market Regional Insights

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"North America to Dominate Market in Upcoming Years"

The leading region in the production and adoption of fiberglass prefabricated swimming pools is North America. With a strong demand for residential pools and a thriving pool industry, North America boasts a well-established market for fiberglass prefabricated pools. The United States, in particular, is a prominent hub for fiberglass pool manufacturing and distribution.

The region's favorable climate, cultural emphasis on outdoor living, and high homeownership rates contribute to the popularity of swimming pools. Furthermore, the advanced manufacturing capabilities and industry expertise in North America ensure the production of high-quality fiberglass pools that meet the demanding standards of consumers in the region.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Latham Pool (U. S.)
• Compass Pools (Australia)
• Leisure Pools (Australia)
• Blue Haven (U. S.)
• Alaglas Pools (U. S.)
• Freedom Pools (Australia)
• Swim USA Pools (U. S.)
• Tallman Pools (U. S.)
• Crystal Pools (Australia)
• LoneStar Fiberglass Pools (U. S.)
• Imagine Pools (Australia)
• Thursday Pools (U. S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.