The number of movable swimming pool floors in North America and Europe was 86 in 2020 and is projected to reach 241 by 2028, expanding at a CAGR of 8.6% during the forecast period. The market is driven by the factors such as rising benefits of movable pool floor over traditional swimming pool, growing residential construction projects, and increasing focus towards fitness.
Key players in the market are engaged in increasing the number of acquisitions of regional players to expand their sales portfolio across multiple countries in the world.
Scope of Movable Swimming Pool Floors Market Report
The report on the North America and Europe movable swimming pool floors includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Movable Swimming Pool Floors – North America and Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast
End-use (Residential, Commercial, and Public Pool)
North America and Europe
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
AKVO Spiralift Inc., VARIOPOOL, Aqualift, EWAC Medical, Holland Aqua Sight, TWINSCAPE, GUNCAST SWIMMING POOLS, Myrtha Pools, Aquatic Development Group (ADG), UNIKPOOLS, Custom Pool Systems, AfW Wassertechnologie GmbH & Co. KG, and Malmsten AB.
Movable Swimming Pool Floors Market Dynamics
The market is driven by the growth in the number of residential construction projects in North America and Europe. The property buyers focusing on the recreational area amenities in residential complexes influence builders to include spas and swimming pools in their projects, which in turn, drives the market growth.
For instance, according to a recently published statistics by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the number of housing completions in May 2021 is around 1,368,000. Out of these housing completions, the high-income group of population focuses on the residential constructions with community amenities such as swimming pools. Thus, this is expected to increase the number of residential swimming pools thereby, spurring the market growth in North America and Europe.
Movable swimming pool floors are pulled down by using a pulley system or cables containing water-based hydraulic cylinders. A movable swimming pool is a space that is transformed safely and seamlessly from one function to another. For instance, a movable swimming pool floor is used as an entertaining room, a dance floor, an outdoor play space, and parking area.
However, traditional swimming pool floors are used only for swimming-related activities, which reduces its preference in developed countries across North America. Moreover, the adoption of movable swimming pool floors is expected to increase in the coming years, owing to rising focus of consumers towards energy-saving and flexible & multifunctional living space.
Waterside locations in Europe are popular for tourist visits. According to a data by the European Commission's primary public repository, CORDIS (Community Research and Development Information Service), around 70% of European tourists spend their holidays at a waterside location. This, in turn, increases the number of swimming pools, thereby spurring the growth of movable swimming pool floors market.
Moreover, strong presence of companies providing movable swimming pool floor in Europe has increased the installations of movable pool floors in hotels, rehabilitation centers, and residential properties. This has contributed to the increased number of tourists in Europe thereby, boosting the demand for movable swimming pool floors.
Personal consumption expenditures (PCE) or consumer spending is the value of the goods and services purchased by residents in the U.S. For instance, according to the recently published data by the U.S. Bureau of Labor Statistics, in 2019, the average annual expenditures for all consumer units experienced an increase of 3% from 2018 to reach USD 63,036.
The increasing consumer spending is expected to stimulate high-income population groups to adopt new residential amenities such as swimming pools. Moreover, increase in the consumer spending is expected to enable the people to focus on fitness. These factors are expected to provide long term opportunity for the growth of movable swimming pool floors market in North America.
Movable Swimming Pool Floors Market Segmental Outlook
End user Segment
Based on end use, the market is divided into residential, commercial, and public pool. The residential segment holds a large number of movable swimming pool floors in the market. AKVO Spiralift Inc. has installed more than 15 movable swimming pool floors in the residential facilities across North America and Europe. The high number of residential movable swimming pool floors is attributed to the rising number of new residential construction projects in North America and Europe. Moreover, increasing demand from property purchasers to include swimming pools and spas in the new projects is expected to create opportunities for the market growth in the coming years.
In terms of regions, the movable swimming pool floors market is segmented into North America and Europe. North America held a large number of movable swimming pool floors in 2020 and is expected to continue its dominance during the forecast period, 2021-2028. According to recently published statistics by the Community Research and Development Information Service (CORDIS), on a global level, North America represents around 59% of the swimming pools market.
Thus, the demand for movable swimming pool floors is expected to be high from this region. Moreover, a large population pool in North America is focusing on the installation of movable swimming pool floor over conventional swimming pool floor. Furthermore, increasing consumer spending and rising number of residential projects by high-income group of population are increasing the number of installations of movable swimming pool floors in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the movable swimming pool floors.
- Historical, Current and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Movable Swimming Pool Floors Market Performance
- Public Pool
- North America
- the Netherland
- Rest of Europe
- AKVO Spiralift Inc.
- EWAC Medical
- Holland Aqua Sight
- GUNCAST SWIMMING POOLS
- Myrtha Pools
- Aquatic Development Group (ADG)
- Custom Pool Systems
- AfW Wassertechnologie GmbH & Co. KG
- Malmsten AB
Key players in the market include movable swimming pool floors market is segmented into North America and Europe. These players are considered as key market players based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
- The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for movable swimming pool floors market is segmented into North America and Europe.