Growing demand for recreational water activities drives market expansion.
- Global pool and spa market to reach $49.1 billion by 2034
- Market growth driven by recreational water activities
- Projected CAGR of 6.6%
The pool and spa market is expected to experience significant growth, reaching $49.1 billion globally by 2034. This expansion, reflecting a compound annual growth rate (CAGR) of 6.6%, is primarily driven by the rising demand for recreational water activities. As consumers seek leisure and relaxation options, the appeal of pools and spas continues to grow.
Factors contributing to this market growth include increasing disposable incomes and a heightened focus on wellness and home amenities. The popularity of outdoor living spaces, including pools and spas, is also influencing consumer preferences. As families and individuals invest in their home environments, the pool and spa market is likely to witness substantial advancements and innovations.
In addition to residential spaces, the commercial segment is expected to expand, catering to hotels, resorts, and fitness centers. The growing awareness surrounding health benefits associated with recreational water activities may further enhance market dynamics as more people prioritize leisure and well-being.
