Europe Swimming Pools & Spas Market Size
The market for Europe Swimming Pools & Spas was worth more than $1 billion in 2019 and is expected to increase at a rate of more than 9% per year from 2020 to 2026. More and more people are going to Europe for wellness and healthcare tourism, which is driving up the demand for sophisticated, feature-rich swimming pools and spas.
People are buying moveable swimming pools and spas because they have more money to spend. The OECD Health Statistics report from 2018 said that health spending in the European Union made up around 10% of GDP. More than half of all the money spent on healthcare in Europe came from residents' wellness spending. France and Germany, among other countries, spent more than 11% of their GDP on building healthcare facilities, which helped the market for portable swimming pools and spas flourish.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Europe Swimming Pools & Spas Market Size in 2019 | USD 1 Billion (2019) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 9% |
| 2026 Value Projection | USD 1.5 Billion (2026) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 213 |
| Segments covered | Product, Accessories, Material |
| Growth Drivers |
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| Pitfalls & Challenges |
|
New technology in the areas of fabrication materials and filtration methods has made it possible to make mobile swimming pools and spas that are better for the environment. Strict rules about water pollution and the health and safety of users are pushing pool and spa makers to use safer chemicals and better filters. This is making pools and spas more popular in the European market. The increased use of recycled materials like PVC and fiberglass in pools and spas is also making them last longer, which is driving up demand in the market.
One of the main things keeping the market from growing is how expensive it is to buy portable swimming pools and spas. The use of new and high-quality materials to make products lighter and the ability to customize both the inside and outside of products add a lot to the overall cost of production. The most expensive parts are the advanced filtration and insulation technologies and the motor pumps that are built into swimming pools and spas. Movable swimming pools and spas need highly experienced experts to set them up, which costs buyers a lot of money and makes it hard for the sector to thrive.
It is expected that the swimming pools and spas business in Europe will slow down for a short time in 2020. The COVID-19 epidemic has made things harder for businesses in many ways, such as making it harder for people to buy things and causing problems in supply chains all around the world. A lack of raw materials and workers is making it harder for companies in the market to make and install things. Also, increased financial worries are making people buy medical supplies and other important things, which is bad for the size of the sector.
Europe Swimming Pools & Spas Market Analysis
The portable spas market was worth $350 million in 2019 and is expected to expand by about 7% by 2026. The market size is rising quickly since portable spas make it easier for people to move around. Users may easily move these portable spas to other places, inside or outside, for a relaxing experience. The segment is also growing because of advanced built-in features like aqua and light treatment with adjustable spray jets and LED lights.
Market leaders are creating models with more seats, which makes them great for big families. The rise of portable spas on the market is due in part to the many entertainment options that come with them, such as connected speakers and mobile apps.
The spa accessory market is predicted to develop at a rate of 7% per year through 2026, thanks to more people buying portable spas for their homes. People like to use accessories like tub mats and covers to protect their spas from damage caused by the weather.
Tub pads are a cheaper and easier option than traditional spa foundations like concrete and wood, which makes them more popular in the European swimming pools and spas industry. Compared to crushed stones or concrete, they last longer and work better as a spa base. Spa owners are increasingly interested in tub pads since they are light and easy to move. The fact that they may be easily moved indoors and outside is helping to grow their market size in 2020.
The fiberglass segment valuation was over USD 270 million in 2019 due to its low cost and enhanced durability. The increasing representation of fiberglass in the market is also credited to the low strength-to-weight ratio, which provides the same strength as steel or aluminum at much lower weight.
The Europe swimming pools & spas market is predicted to register a significant growth during the forecast period. Consumers are increasingly spending on renovating their gardens and outdoor areas to create a comfortable relaxing environment. This has led to a significant increase in the sales of portable swimming pools & spas in countries including the UK and Germany. According to the British and Irish Spa and Hot Tub Association (BISHTA) report in June 2020, over 35% of British homeowners are inclined toward spending their summer vacations at home, relaxing in their swimming pools & spas.
Europe Swimming Pools & Spas Market Share
Industry leaders are focusing on expanding their geographic presence and strengthening their distribution channels for increasing their revenues. For instance, in April 2019, Roca Sanitaro opened its first gallery in São Paulo, Brazil. This creative space is used by the company to host events and showcase its swimming pools & spas to customers. This assisted the company in expanding its presence in Brazil. Market players are also laying an emphasis on collaborations with technology providers to enhance the features in their products.
Key players operating in the market include
- AKVO Spiralift Inc
- Guangzhou Monalisa Bath Ware Co., Ltd.
- Lift'O
- Roca Sanitario
- S.A.
- Variopool Group
Other significant players in the market include
- Beachcomber Hot Tubs
- Coast Spas
- Jaquar Group
- Twinscape Group
- Aqualift
- Watkins Wellness
The Europe swimming pools & spas market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2020 to 2026 for the following segments
Market, By Product
- Movable swimming pools
- Movable spas
Market, By Accessories
- Pool accessories
- Pool covers
- Pool pod
- Integrated stairs
- Water depth display
- Spa accessories
- Tub covers
- Tub pads
- Stairs
Market, By Material
- Plastic
- Rubber
- Fiberglass
- Stainless steel
- Others
The above information has been provided for the following countries
- UK
- Germany
- France
- Italy
- Russia
- Spain
- Poland
- Portugal
- Greece
- Cyprus
- Romania
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