Outdoor Fountain Market Size, Share, Growth, and Industry Growth by Type (Architectural Fountains, Self-Contained Fountains, Floating Fountains, Waterfalls/Water Curtains, Interactive Fountains, and Others), By Application (Residential, Commercial, and Municipal), Regional Forecast To 2032

Updated On: 08 April 2024

Outdoor Fountain Market REPORT OVERVIEW

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The global outdoor fountain market size was USD 1151.67 million in 2021 and market is projected to touch USD 1799.5 million by 2032, exhibiting a CAGR of 4.14% during the forecast period.

Water fountain is a machine or device that sends a stream of water into the air in a park, garden, resorts and etc.  The structure also produces a small stream of water for drinking. Fountains are available in a wide range of different sizes, designs, and styles. They are made of different materials and often customized according to specific design. A fountain can either pour water to create “waterfall effect” or spray water to create a “jet effect”.  They can be powered by solar power, electricity, or gravity.

Growing urbanization is expected to expand market growth. Increasing number of public places to encourage adoption of the product. Rising awareness about the benefits of water fountain is projected to drive market growth. Increasing demand for drinking water in parks and other public places is predicted to boost market growth. Growing government initiatives for water fountain in public area is estimated to fuel market growth. In addition, increasing need for home décor fountain is expected to favor outdoor fountain market growth in the coming years.

COVID-19 Impact: Closure of Public Places to Restrict Market Growth

An outbreak of COVID-19 pandemic impacted the production activities in the market. Due to lockdown restrictions in the market witnessed a decline in product demand and sale. Shutdown of malls, parks, and other public places affected market growth. Social distancing and zero contact rules imposed by government reduced product adoption. Closure of outdoor places reduced the market growth during the pandemic.

On the contrary, increasing demand for reducing stress is expected to boost outdoor fountain adoption. Working from home culture encouraged the preference for interior décor which accelerated market growth for such fountains.

LATEST TRENDS

"Increasing Demand for Drinking Water in Public Places to Favor Market Expansion"

Increasing demand for drinking water in public area is projected to drive market growth. Rising awareness among people regarding the importance of hydration is expected to boost product adoption. The requirement for clean and safe water in public areas is estimated to fuel market growth. Increasing number of shopping complex, high traffic areas, and stadiums encouraged the adoption of outdoor fountain. It is also a good alternative to bottled water. Tourists, runners, homeless people, and pets broadly rely on for outdoor water fountain.  Further, the product is a good source of clean water for birds. Birds can sit and drink water from it during summer days which is anticipated to accelerate market growth in the coming years.

Outdoor Fountain Market SEGMENTATION

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• By Type

On the basis of type, the market is classified into architectural fountains, self-contained fountains, floating fountains, waterfalls/water curtains, interactive fountains, and others.

Architectural fountains are the leading segmentation of the market type.

• By Application

Based on application, the market is divided into residential, commercial, and municipal.

Commercial use is the leading market application.

DRIVING FACTORS

"Growing Need for Calming Sound and Relaxing Ambiance to Foster Market Growth "

Increasing demand for soothing sound of water and relaxing ambiance is projected to drive market growth. Growing trend for eye-catching ambiance is predicted to boost product adoption. Enjoying ticking of water and relaxing stress is estimated to fuel market growth. Further, increasing demand for relaxing stress due to busy lifestyle is anticipated to expand market growth. Outdoor fountain helps to lessen the intensity of unpleasant noses. Growing need to reduce street noise, traffic noise, and neighbor’s loud music is projected to drive market growth during the forecast period.

" Attractive Outdoor Décor to Incite Market Growth "

Growing trend for beautiful outdoor décor is expected to expand market growth. Outdoor fountain adds beauty in any place. As they are available in different sizes, shapes, styles they bring aesthetic look in outdoor. They often last many years and require less maintenance which is predicted to boost product adoption. Growing demand for interior styling in commercial and residential areas are estimated to fuel market growth. Arrangement  for sitting rooms and waiting rooms are some of the major factors to drive outdoor fountain market growth during the forecast period.

"Increasing Need to Improving Air Quality to Drive Market Growth "

Growing concern among people regarding improving air quality is estimated to fuel the market growth. The water evaporates from indoor released negative ions. These negative ions help to clean the air. By improving air quality, it makes the air more refreshing to breathe. Further, clean air helps to think more clearly and have a better focus. This factor is expected to fuel market growth during the forecast period.

RESTRAINING FACTORS

"High Maintenance Cost of the Product to Restrict Market Growth "

High maintenance cost associated with the product is expected to fuel market growth. Regular draining, refilling, and scrubbing requires huge effort to maintain water fountain is projected to restrict market growth. Installation challenges due to different sizes and shapes of the product are predicted to reduced outdoor fountain market growth.

Outdoor Fountain Market REGIONAL INSIGHTS

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"Growing Urbanization in North America to Drive Market Share"

North America is expected hold largest part in the outdoor fountain market share due to increasing urbanization. Growing need for clean and safe water is projected to drive market growth. Increasing number tourists in the region is estimated to fuel market growth. Also, presence of large number of public spaces such as shopping malls and parks is projected to drive market growth. Rising awareness about benefits of water fountains such as improving air quality, calming sound, and soothing environment. These qualities are predicted to increase outdoor fountain market growth during the forecast period.

Europe is expected to show considerable market growth due to increasing number of museums, resorts, and hotels. Increasing number of urbanization is projected to fuel market growth. Growing demand for interior styling in commercial and residential areas are estimated to fuel market growth. Increasing demand for drinking water in the public areas is predicted to boost market growth during the forecast period.

KEY INDUSTRY PLAYERS

"Several Strategies Adopted by Market Players to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Fountain People (U.S.)
• OASE Living Water (Germany)
• Vertex (U.S.)
• Lumiartecnia Internacional (U.S.)
• Otterbine (U.S.)
• Suzhou Gold Ocean (China)
• Guangzhou Yicheng Fountains & Pools Equipment (China)
• Safe-Rain (Spain)
• Delta Fountains (U.S.)
• Aqua Control (U.S.)
• Fontana Fountains (Greece)
• Yalanda (Australia)
• Yixing Sea Fountain Equipment (China)
• Kasco Marine (U.S.)
• Hall Fountains (U.S.)
• Jiaming (China)
• Eagle Fountains (U.S.)
• Neijiang Huaxin (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.