Outdoor Fiberglass Swimming Pool Market Size, Share, Growth, and Industry Analysis, By Type (Above Ground and Inground), By Application (Hotel and Water Park), and by Regional Forecast to 2032

OUTDOOR FIBERGLASS SWIMMING POOL MARKET OVERVIEW

The global Outdoor Fiberglass Swimming Pool Market size expanded rapidly XX in 2023 and is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.

The outdoor fiberglass swimming pool market is already present in the industry expansion phase due to growing concerns about low-maintenance swimming pools, durable fiberglass pools, and affordable rates. There is an increasing trend of fiberglass pool installation because they are strong structures that can handle weather elements and are easy to install. However, the improvement of fiberglass material technology as well as the customization of pools also increases demand, especially in regions of high temperature and rising disposable incomes. The shift of consumers who are more involved in outdoor amusement and landscaping is also a factor in the fast growth of the market.

GLOBAL CRISES IMPACTING THE OUTDOOR FIBERGLASS SWIMMING POOL MARKETCOVID-19 IMPACT

The Outdoor Fiberglass Swimming Pool Industry Had a Positive Effect Due to  during COVID-19 Pandemic

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 market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The first impacts of the COVID-19 pandemic on the outdoor fiberglass swimming pool market were negative due to disruptions in the global supply chain, a lack of labor resources, and disruptions to manufacturing and installation. The construction restrictions and the prohibition of outdoor operations slowed down the companies’ work and prevented the construction of new pools throughout the beginning of the year 2020. Further, the economic changes and a decreased disposable income resulted in a large part of consumers delaying or canceling any investments in pools. More of such decline was observed in areas where so many restrictions were implemented resulting in the market growth decline for some time.

LATEST INDUSTRY TREND

"Energy-Efficient Designs And Customizable Options To Drive Growth In The Market"

One major factor affecting the growth Outdoor Fiberglass Swimming Pool Market is an increasing consumer preference for energy-efficient and environmentally sustainable pool designs due to the rising leisure preferences for sustainability. Systems such as heating using solar systems and installation of light-emitting diodes (LED) lights are gaining traction in this market, lowering environmental and running costs. Other than that there is a growing tendency to interior design customizable pool shapes and finishes which serve the purpose of enhancement of attraction. In particular, the focus on the availability of such options underscores an increasing level of awareness of consumers towards environmental concerns.

MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Above Ground and Inground

• Above Ground: Above-ground fiberglass swimming pools come at a cheaper price and are also easier to install as a result these types of pools are used in most residential homes. These pools do not need a lot of site preparation and most of the time can be fitted within two days, hence creating room for flexibility for the homeowners. Since they do not require any permanent structure, Territorial integrity is built as the poos can also be carried to another site when their use is no longer required making them ideal for rental investments.
• Inground: Customers opt for inground fiberglass pools because they offer elegance, the pools are often well integrated into the environment hence their feel and look. There is a plethora of offered designs not only for their shapes and sizes but some even allow different depths of the swimming pools installed almost making it a luxury pool. Inground fiberglass pools offer even better value than above-ground installations as they are much more expensive as well as durable returning to owners if well maintained.

BY APPLICATION

Based on application, the global market can be categorized into Hotel and Water Park

• Hotel: Enhancing the overall living experience of the hotel and the beauty of the exterior is the use of outdoor fiberglass pools in the hotels with very little construction work to be done. Because of the features offered by the outdoor fiberglass pools, the installation of such outdoor fiberglass pools can be completed very fast without a significant break in the operations of the hotel. Most hotels opt for more appealing pools with the use of a pool design that is tailored to their specific needs as a way of enhancing their brand and appealing to tourists.
• Water Park: In addition, such pools are also used in water parks as they can be made of fiberglass which is more durable and easy to install and maintain than the conventional water pool materials such as concrete. These types of pools are built to endure wear and tear and help from the weather hence can be used in busy areas. And of course, flexibility of design enables water parks to build even more interesting and pleasant attractions.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities, and challenges, as well as market conditions.                         

DRIVING FACTORS

"Growing Demand for Residential Leisure Spaces Driving Pool Installations"

Over the last few years, there has been an increasing tendency among property owners to add private spaces outside their homes, which has in turn increased the market for fiberglass swimming pools. , the inclusion of pools into such settings serves as a means to comfortably extend the enjoyment of living outdoors. This need is most potent in developing economies with warm weather and rising incomes.

"High Durability Leading to Low Maintenance"

Fiberglass pools are the best because they require little maintenance and are also very durable. For example, fiberglass does not encourage algae growth and cracking like most conventional materials do thus its use is easier after some time. This reduces the costs of keeping the pool and is therefore very encouraging to both residential and commercial owners of fiberglass pools.

RESTRAINING FACTOR

"High Installation Costs Restrain Outdoor Fiberglass Swimming Pool Market Growth"

One of the major restraining factors for the Outdoor Fiberglass Swimming Pool Market Share is the high initial cost of installation. In the good sense, fiberglass pools are sturdy and endure little maintenance over a long period. However, their initial cost is usually way higher compared to other cheaper pool types such as vinyl or above-ground pools. Such a financial constraint can discourage buyers, especially in economically unstable regions or people who do not have cash, thus making it difficult to embrace fiberglass pool challenges in spite of their benefits in the long run.

OPPORTUNITY

"Sustainable, Energy-Efficient Pool Solutions And Tech Integration To Drive Market Growth"

Given the current or future development of outdoor fiberglass pool markets, it is possible to identify growth opportunities arising from the growth in the popularity of sustainable and energy-effective pool solutions. Consumers increasingly demand such sustainable attributes as solar heating and energy-saving filtration due to the increasing concern for the environment worldwide. This trend provides manufacturers with the chance to come up with new designs of pools that are environmentally friendly. Also, the rising consumer appetite for the incorporation of technology in pools with already inexpensive offerings eg automated cleaning robots also boosts the market.

CHALLENGE

"Expensive Materials And Logistics Issues To Limit Market Growth"

The Outdoor Fiberglass Swimming Pool Market grapples with one major issue- the expensive raw materials and their transportation. The costs incurred in producing such effecting fiberglass pools tend to vary due to price changes in the available materials mainly fiberglass, to the extent that such costs are transferred to the consumers. Also, there is the problem of Logistics as large pre-cast fiberglass pools are very expensive to transport over long distances. These aspects may restrict the expansion of the market especially in the regions that are price conscious.

OUTDOOR FIBERGLASS SWIMMING POOL MARKET REGIONAL INSIGHTS

• NORTH AMERICA

The primary regional segment of the Outdoor Fiberglass Swimming Pool Market is North America on the back of increased construction of luxury residential pools and climate support. The economic expansion of the region and the increase in disposable incomes ensure steady growth of the market. Within this segment, the United States Outdoor Fiberglass Swimming Pool Market has a considerable market share, being the largest producer and consumer of outdoor fiberglass pools. In addition, the trend of homeowners creating private leisure areas has contributed to the growth of the U.S. market.

• EUROPE

Europe plays a role in aiding the Outdoor Fiberglass Swimming Pool Market Share due to the growing need for long-lasting, beautiful pool solutions, especially in the southern countries having hotter climates. Innovation in design and technology is also propelled by the increasing demand for eco-friendly and energy-conserving pools in the region. In addition, the increased availability of luxury residential houses alongside outdoor leisure gardens also fuels the growth of the market. France, Spain, Italy, and other countries are some of the major countries owing to the fact that there are high pool supportive ratios as well as conducive climatic seasons.

• ASIA

The expanding need for leisure and luxuries in countries such as China, India, and Japan is why Asia has a major geographical share of the Outdoor Fiberglass Swimming Pool Market. The advancements in technology coupled with the increase in incomes and a more Westernized way of life are responsible for the increased pool fittings in not only residential areas but commercial premises as well. Most regions also tend to be warm therefore supporting the use of fiberglass pools. Furthermore, the increasing concern towards environmentally friendly and low-maintenance pool systems has fueled advancements and growth of the market in Asia.

KEY INDUSTRY PLAYERS

"Industry Players To Drive Market Growth Through Innovation, Customization, And Partnerships"

The Outdoor Fiberglass Swimming Pool Market is being driven by the Key Industry players who are revolutionizing pool designs, materials, and technology. Their concentration is mainly on the durability, customization, and green features of pools, hence necessitating market demand. Furthermore, consumer awareness and market share growth are facilitated by the establishment of strategic alliances, improvement of distribution channels, and the use of specific marketing activities, all of which influence growth in the residential and commercial sectors.

LIST OF TOP 10 COMPANIES

• Latham Pool (U.S) 
• Compass Pools (New Zealand)
• Leisure Pools (U.S) 
• Freedom Pools (Australia)
• Alaglas Swimming Pools (U.S) 
• Freedom Pools (Australia)
• Swim USA Pools (U.S)
• Tallman Pools (U.S) 
• Crystal Pools (Australia)
• LoneStar Fiberglass Pools (U.S)

KEY INDUSTRY DEVELOPMENTS

"Leisure Pools' New Designsto Drive Market Growth With Energy-Efficient Features"

May 2024: A recent industrial development in the Outdoor Fiberglass Swimming Pool Market occurred when Leisure Pools introduced new, advanced fiberglass swimming pool designs. This innovation focuses on improving energy efficiency and customizable features, targeting residential customers looking for eco-friendly and aesthetically pleasing pool options. The company aims to strengthen its position in the market by offering faster installation and reduced maintenance costs.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.