Market Overview:
The construction equipment market is experiencing rapid growth, driven by rising demand for outdoor leisure spaces, expansion of the hospitality and tourism sector and increasing disposable incomes. According to IMARC Group’s latest research publication, ”Swimming Pool Construction Market Report by Material (Concrete, Fiberglass, Vinyl Liner, Steel Frame), Construction Type (Above-ground, In-ground), End User (Residential, Non-Residential), and Region 2025-2033″, The global swimming pool construction market size reached USD 7.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.8 Billion by 2033, exhibiting a growth rate (CAGR) of 3.39% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
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Our report includes:
- Market Dynamics
- Market Trends And Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Growth Factors in the Swimming Pool Construction Market
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Rising Demand for Outdoor Leisure Spaces:
The growing demand for private outdoor recreational spaces is a major motivator for the swimming pool construction sector. Homeowners certainly are transforming backyards into outdoor spaces for relaxing and entertaining, especially in urban and suburban areas. Specifically, the trend escalated during the COVID-19 pandemic when people sought safe leisure options at home. For example, in the United States, Cody Pools reported a dramatic increase in inquiries to build custom in-ground pools during the pandemic when families were investing in recreation at home. This trend is opportunistically driven by a lifestyle change toward wellness and family engagement; thus, acquiring a pool is a desirable pool increase property value, time, and lifestyle involving family recreational opportunities.
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Expansion of the Hospitality and Tourism Sector:
The hotel, hospitality and leisure property industries are increasing globally in large part due to the growth in luxury hotels, resorts and water parks. The hospitality market that happens to have a swimming pool construction market that fits well with the on-going trend is the luxury segment. This is encouraging hotels and resorts to develop more exclusive swimming pool offers to entice guests searching for extraordinary experiences. The Middle East Hospitality Association suggest this is the case in the UAE where there is an upturn in demand by luxury hotel developments in the proliferation of infinity pools. This is part of a larger trend toward 'experiential tourism' where swimming pools, for the hotel's guests, are becoming an 'anchor asset.' This trend will continue to expand public recreation investments from local municipalities seeking to provide community asset value (in public 'community' swimming pools) to their citizens.
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Increasing Disposable Incomes:
The hotel, hospitality and leisure property sectors are growing on a global basis due to the increase in luxury hotels, resorts and waterparks. The hospitality market that coincidentally has a swimming pool construction market that would be positioned well with the growing trend, is the luxury segment. This is driving hotels and resorts to create more sophisticated swimming pool offers to attract guests that are looking for unique and extraordinary experiences. The Middle East Hospitality Association states this is true in the United Arab Emirates where there is considerable rise in the number of luxury hotel developments including the increase in the number of infinity pools being offered. These pools demonstrate this segment's emphasis on water features that cater to their targeted customers and markets. This, in itself, is indicative of the larger trend towards commodified or 'experiential tourism' where swimming pools; for the enjoyment and leisure of hotel guests, is becoming an 'anchor asset.' These trends will continue to ramp up investments in public recreation from local municipalities that want to provide community asset value through public ('community') swimming pools to their citizens.
Key Trends in the Swimming Pool Construction Market
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Adoption of Eco-Friendly and Sustainable Materials:
Sustainability is reshaping the swimming pool construction market, with a focus on eco-friendly materials and water-saving designs. Consumers and businesses are prioritizing pools that reduce environmental impact, such as those using recycled materials or energy-efficient filtration systems. For instance, Leisure Pools partnered with a technology company in 2024 to integrate solar-powered heaters and variable-speed pumps, aligning with global sustainability goals. This trend is particularly prominent in Europe, where compact, urban-friendly pool designs using sustainable materials are gaining traction due to space constraints and environmental regulations.
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Integration of Smart Technologies:
The incorporation of smart technologies is revolutionizing pool construction and maintenance. Automated systems for cleaning, heating, and lighting are becoming standard, enhancing convenience and efficiency. For example, in July 2024, Latham Group, Inc. collaborated with Poolside Tech to launch The Attendant, a smart automation system for fiberglass pools, allowing remote monitoring and control. Over 60% of new pool installations now include smart features, as reported by Eurostat, reflecting consumer demand for connected home solutions. This trend is driving innovation, with companies investing in AI and IoT to improve user experience and reduce operational costs.
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Growing Popularity of Customized Pool Designs:
Customized pool designs are a prominent trend, as homeowners and commercial establishments seek unique, aesthetically pleasing pools tailored to their preferences. In-ground pools, particularly those made of concrete, dominate due to their durability and design flexibility. For instance, in Latin America, prefabricated pools with innovative filtration systems are gaining popularity among middle-class consumers, offering cost-efficient yet personalized options. This trend is fueled by the desire for pools that enhance property aesthetics and align with wellness-focused lifestyles, such as infinity or natural pools in luxury real estate and hospitality sectors.
Leading Companies Operating in the Global Construction Equipment Industry:
- AB Volvo
- Caterpillar Inc.
- CNH Industrial N.V.
- Deere & Company
- Doosan Infracore
- Hitachi Construction Machinery
- Komatsu Ltd.
- Liebherr-International AG
Construction Equipment Market Report Segmentation:
By Solution Type:
- Products
- Services
Products exhibit a clear dominance in the market due to their essential role in performing diverse construction tasks efficiently.
By Equipment Type:
- Heavy Construction Equipment
- Compact Construction Equipment
Heavy construction equipment represents the largest segment as it is critical in large-scale building and infrastructure projects.
By Type:
- Loader
- Cranes
- Forklift
- Excavator
- Dozers
- Others
Loader holds the biggest market share attributed to their versatility and widespread use in loading, moving, and unloading materials.
By Application:
- Excavation and Mining
- Lifting and Material Handling
- Earth Moving
- Transportation
- Others
Earth moving accounts for the majority of market share as it is fundamental to various construction activities, ranging from site preparation to excavation.
By Industry:
- Oil and Gas
- Construction and Infrastructure
- Manufacturing
- Mining
- Others
Construction and infrastructure represent the leading market segment, driven by its extensive need for diverse construction equipment in large-scale projects.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific dominates the market, due to the increasing infrastructure development and construction activities in this economically growing area.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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