SPA and Pool Pump Market Size, Share, Growth, and Industry Analysis, By Type (Pool Pump and SPA Pump), By Application (Residential Use and Commercial Use), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

SPA And Pool Pump Market Report Overview

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The global SPA and pool pump market size was USD 588.9 million in 2021 and is projected to touch USD 857.36 million by 2031, exhibiting a CAGR of 3.8% during the forecast period. 

A SPA pump is a necessary equipment required in all SPA’s and its hot tubs. Furthermore, it is defined as is to circulate the water in the hot tub and it is variated by two stages of water flow. The first stage is commonly known as the circulation cycle, the procedure is the pump usually rotates at a lower RPM and this stage permits the water to travel by the strainer system while also cleansing the water with each cycle. Furthermore, this lower speed circulation cycle is similarly for warming the water as water will circulate nonetheless over the heating system and being reliant on its calibrating, it will escalate the temperature levels amid the heating component.            

On the other hand, a pool pump generates the current of water that spreads chemicals consistently all through the pools, so that they can productively and effectively decontaminate the water. Moreover, the pool pumps transport water from the pool to the chlorinator, heater, and filter so that it can be sterile, reheated, and purified before re- flowing into the pool. Additionally, the pool pumps are generally manufactured with hard plastic materials so that it does not corrode underwater, and it is built to last up to a minimum of eight to twelve years. In conclusion between the differentiations, swimming pool pumps are important, and no swimming pool should be without one. Whereas, a SPA pump delivers the equivalent support for purification, but it is probable to discover a blend model that both filter and warm up a hot tub.

COVID-19 Impact: Continuous Growth of COVID-19 Brought a Stiff Lockdown

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

The relentless growth of COVID-19 led to a massive expansion on a global scale, which led to a worldwide pandemic and implemented a decrease in the global demand and introduced unwanted challenges onto numerous industries and their markets. Moreover, the incomparable spread of the COVID-19 virus also called for an insensitive and rigid lockdown, which led to uncountable businesses forced into closure and drastic cutting down of sales and employees.

Furthermore, restricted and stiff instructions on movement harmed the SPA and pool pump market because, its main consuming market such as commercial pools experienced an immediate closure. Also, in the residential usage of pools were minimized in this time period as no servicing and maintenance of the pools were possible. This led to an overall decrease in growth of the SPA and pool pump market.

LATEST TRENDS

"Rise of Pool Exercising and Activities Leads to Higher Product Demand "

The current trend in the market is people taking part in exercising in pools and conducting several swimming pool activities. This is accounted for due to, a higher demand for water aerobics as the water density assists your body weight to reduce pressure on joints and weak muscles. Furthermore, older adults take part in swimming pool exercises and activities such as water walking, for improving their posture and toning muscles in such a manner that it supports activities in future years. Hence, giving rise to higher demand from consumers in the residential use and commercial use of pools.

SPA And Pool Pump Market Segmentation

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• By Type

Based on type; Pool pump and SPA pump

Pool pump is the leading type in this segment

• By Application

Based on application; Residential use and commercial use

Commercial use is the leading application in this segment

DRIVING FACTORS

"Surges in Investments for Luxury Homes Augments Market Growth"

A driving factor for the SPA and pool pump in the market is, a rising number of investments by real estate investors in newly constructed luxury homes and these homes come with the inclusion of private swimming pools. Furthermore, a higher number of real estate investors invest because of gaining circumstantially higher rental yield. On the other  hand, in several developed and developing countries, the amount of disposable income per head is higher than usual so people are purchasing luxury homes with swimming pools and positively stimulating the residential pool market. This factor leads towards the SPA and pool pump market growth.

"Reopening of Pools and SPA’s Post COVID-19 Pandemic Boosts Market Growth"

The current surges for the SPA and pool pump in the market are due to the, reopening of private swimming pools in clubs and also commercial swimming pools. Post the COVID-19 pandemic, people are keener on visiting public places such as swimming pools, SPAs in clubs and other such places. Furthermore, younger adults visit commercial and private swimming pools more often and stimulates the pool owner to maintain and service the pool pumps and likewise in SPAs. Due to, being closed for a period of time forces owners to replace and maintain pumps to provide the best possible experience to consumers. Hence, which also grows the demand and supply of SPA and pool pump while also boosting the SPA and pool pump market share.

RESTRAINING FACTORS

"Motor Overheating Issue Hampers Market Growth"

A commonly faced problem with the SPA and pool pump, is the overheating of the motor which unfortunately leads to inefficiency. This mainly occurs during the summers, because of the days being extremely hot and the continuous running of the motor, leads to overheating and functional failure as the problem is tricky to resolve instantly. Hence, this hindrance is expected to hamper the market growth.

SPA And Pool Pump Market Regional Insights

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"North American Region Clings onto Highest Market Position "

North American region claims the title over others in the industry, due to having one of the largest human population. During the hot and sticky climates, this region records for the highest consumption of SPA and pool pump in both residential and commercial pools as people have higher earnings and pools inclusive with their homes. Hence, this factor grows the overall demand and supply of the pumps in this region.

KEY INDUSTRY PLAYERS

Key Players Aim to Improve Productivity and Efficiency of Pumps

The key market players look to increase the amount of research and developments processes for pumps, so it does not lead to any malfunctions or hindrances while consumption. As the SPA and pool pump would be more effective, it would generate more sales for the key player and help in maintaining and growing their respective market share, value and position.

List of Market Players Profiled

• Hayward Industries, Inc. (U.S.)
• Pentair plc. (U.S.)
• Guangdong Lingxiao Pump Industry (China)
• Fluidra (Spain)
• Davey Water (GUD Holdings) (Australia)
• CALPEDA S.P.A. (Italy)
• Waterway Plastics, Inc. (U.S.)
• Changzhou Sanding Electro-Motors & Appliances CO., LTD (China)
• WATERCO LIMITED (Australia)
• Raypak, Inc. (U.S.)
• Bombas Saci s.a. (Spain)
• Pahlén AB (Sweden)

REPORT COVERAGE

The report is inclusive of types of the SPA and pool pump, along with its latest trends, driving and restraining factors within the market. Additionally, this report highlights the key industry players and their current strategies and reasons why the leading region claims its title.