Europe swimming pools & spas market will be witnessing substantial growth in forthcoming years owing to improving living standards and rising product adoption in modern households as a crucial stress buster. Europe leads the globe in terms spa revenues with approximately $33.3 billion brought in 2017, showing a yearly growth of 10.1% since 2015. Approximately 1 in 3 of the spa locations in the world are in Europe, making it extremely popular in the region presenting a remunerative growth avenue for the industry.
Since European consumers face an unparalleled amount of stress because of being digitally connection 24/7, the desire for digital detoxes is rising tremendously. With various health resorts and spa treatments already available in the region, the market is likely to be driven significantly in coming years. Likewise, in modern households, the adoption of movable spas and movable pool floors is increasing tremendously.
While it is noted that tourism sector of Europe has slowed down due to the COVID-19 pandemic, the industry is expected to bounce back significantly as soon as the situation is under control. However, at the same time, the demand for movable spas is likely to go up for personal use. The tourism industry will still continue to have a strong economic influence in the region with wellness tourism picking up steam as economies reopen.
Europe swimming pools & spas market is segmented in terms of product, accessories, and material.
Based on product, the Europe swimming pools & spas market is classified into movable spas and movable pool floors. Movable spas will witness growing demand owing to high adoption in modern households. Movable spas further offer several benefits, which is likely to complement its market demand. Movable or portable spas are easy to install, can be moved easily, and are easy to maintain. Further, movable spas also have all the hydrotherapy as well as relaxation benefits that in-ground spas offer.
With respect to accessories, the Europe swimming pools & spas market is categorized into spa accessories and pool accessories. The pool accessories segment is further classified into water depth display, integrated stairs, pool pods, and pool covers. The pool accessories segment is expected to grow at a high CAGR owing to protection and enhanced utility for portable swimming pools.
Swimming pool covers are a fabric which is utilized to cover the pool in order to prevent the pool from any physical impurities when it is not in use. Additionally, today the swimming pool covers not only are helpful in protecting the pool from garbage and other contaminants, but they are help in retaining water, chemical, and heat integrity of the pool. The use of pool covers has various benefits like reduced evaporation, decreased leaf load, low probability of flow blockages, and lower consumption of chlorine.
Additionally, use of chlorine sanitizes the pool by removing bacteria and other harmful contaminants. Utilizing pool pods helps in restoring chlorine levels that might have been depleted by rain, sun, or heavy usage.
In terms of material, the overall Europe swimming pools & spas market is bifurcated in terms of stainless steel, fiberglass, rubber, plastic, and others. Among these, the plastic material segment is anticipated to witness a CAGR of around 11% over the forecast time period due to light weight and low cost.