Pool Builders Industry Report: Unveiling Key Findings and Insights

The pool building industry is a multi-faceted business niche that has evolved significantly over the years. It comprises of a wide array of professionals ranging from designers, contractors, manufacturers and suppliers, all working in tandem to create aesthetically pleasing and functional aquatic spaces. This year has seen a number of interesting developments within the industry, leading to distinct shifts and trends that merit in-depth exploration.

To understand the dynamics of the pool builders industry, it’s important to recognize the scale of economic impact it has. According to a recent report by Pkdata, the swimming pool and hot tub industry contributed approximately $36.5 billion to the U.S. economy in 2017. This includes the value of all goods and services related to the construction, installation, service, and retail sectors of the pool industry. This report further unveils key findings and insights about the industry’s operations, market performance, and future trajectories.

Firstly, there has been a palpable resurgence in demand for pool construction and renovation. This can be primarily attributed to the improved economic conditions post the financial crisis of 2008. With the real estate market rebounding, new home constructions have witnessed an increase, and with it, a rise in demand for pool installation.

However, industry trends also show a significant shift towards the renovation of existing pools. As per the Association of Pool & Spa Professionals, approximately 5 million existing pools in the United States are in need of renovation - this is nearly twice the number of new pools likely to be built over the next decade. This presents a significant opportunity for pool builders to pivot towards renovation services, leveraging their skills in contemporary design and advanced renovation techniques.

Another important insight pertains to technological advancements. The pool industry has seen a surge in the integration of technology, with smart pools increasingly becoming the norm. Smart pools equipped with automated systems for cleaning, heating, lighting and water treatment, controlled by smartphone apps, have gained popularity. While these technologies add value and convenience, they also come with potential challenges, including higher costs and complexities in installation and maintenance.

The sustainability trend has also made its way into the pool industry. There is an increasing demand for eco-friendly options, from solar heating systems to salt water pools and use of recycled materials. This trend is not only driven by the environmentally conscious consumer but also by the potential for cost savings over the long term.

The pool industry has also seen a rise in the demand for luxury and customization. Consumers are increasingly seeking pools that offer more than just a place to swim - spas, waterfalls, fire features and custom lighting are just some of the features in demand. This trend towards luxury and bespoke designs has resulted in an increase in the average cost of pool projects.

However, these advancements and opportunities don't come without challenges. The industry continues to grapple with a shortage of skilled labor and regulatory pressures. There are also concerns about the impact of volatile material costs on profitability.

As we look towards the future, it is clear that the pool building industry needs to continue adapting and evolving. Advancements in technology and design, sustainability, and a shift towards renovation present significant opportunities. However, these opportunities also require the industry to tackle challenges head-on, developing strategies to mitigate labor shortages, manage increased costs and navigate regulatory landscapes.

In conclusion, the pool builders industry is in a state of flux, with opportunities and challenges coming in equal measure. Understanding these trends and adapting to them will be key for businesses to maintain a competitive edge and chart a path towards sustainable growth.

The pool building industry is a multi-faceted business niche that has evolved significantly over the years. It comprises of a wide array of professionals ranging from designers, contractors, manufacturers and suppliers, all working in tandem to create aesthetically pleasing and functional aquatic spaces. This year has seen a number of interesting developments within the industry, leading to distinct shifts and trends that merit in-depth exploration.

To understand the dynamics of the pool builders industry, it’s important to recognize the scale of economic impact it has. According to a recent report by Pkdata, the swimming pool and hot tub industry contributed approximately $36.5 billion to the U.S. economy in 2017. This includes the value of all goods and services related to the construction, installation, service, and retail sectors of the pool industry. This report further unveils key findings and insights about the industry’s operations, market performance, and future trajectories.

Firstly, there has been a palpable resurgence in demand for pool construction and renovation. This can be primarily attributed to the improved economic conditions post the financial crisis of 2008. With the real estate market rebounding, new home constructions have witnessed an increase, and with it, a rise in demand for pool installation.

However, industry trends also show a significant shift towards the renovation of existing pools. As per the Association of Pool & Spa Professionals, approximately 5 million existing pools in the United States are in need of renovation - this is nearly twice the number of new pools likely to be built over the next decade. This presents a significant opportunity for pool builders to pivot towards renovation services, leveraging their skills in contemporary design and advanced renovation techniques.

Another important insight pertains to technological advancements. The pool industry has seen a surge in the integration of technology, with smart pools increasingly becoming the norm. Smart pools equipped with automated systems for cleaning, heating, lighting and water treatment, controlled by smartphone apps, have gained popularity. While these technologies add value and convenience, they also come with potential challenges, including higher costs and complexities in installation and maintenance.

The sustainability trend has also made its way into the pool industry. There is an increasing demand for eco-friendly options, from solar heating systems to salt water pools and use of recycled materials. This trend is not only driven by the environmentally conscious consumer but also by the potential for cost savings over the long term.

The pool industry has also seen a rise in the demand for luxury and customization. Consumers are increasingly seeking pools that offer more than just a place to swim - spas, waterfalls, fire features and custom lighting are just some of the features in demand. This trend towards luxury and bespoke designs has resulted in an increase in the average cost of pool projects.

However, these advancements and opportunities don't come without challenges. The industry continues to grapple with a shortage of skilled labor and regulatory pressures. There are also concerns about the impact of volatile material costs on profitability.

As we look towards the future, it is clear that the pool building industry needs to continue adapting and evolving. Advancements in technology and design, sustainability, and a shift towards renovation present significant opportunities. However, these opportunities also require the industry to tackle challenges head-on, developing strategies to mitigate labor shortages, manage increased costs and navigate regulatory landscapes.

In conclusion, the pool builders industry is in a state of flux, with opportunities and challenges coming in equal measure. Understanding these trends and adapting to them will be key for businesses to maintain a competitive edge and chart a path towards sustainable growth.

The pool building industry is a multi-faceted business niche that has evolved significantly over the years. It comprises of a wide array of professionals ranging from designers, contractors, manufacturers and suppliers, all working in tandem to create aesthetically pleasing and functional aquatic spaces. This year has seen a number of interesting developments within the industry, leading to distinct shifts and trends that merit in-depth exploration.

To understand the dynamics of the pool builders industry, it’s important to recognize the scale of economic impact it has. According to a recent report by Pkdata, the swimming pool and hot tub industry contributed approximately $36.5 billion to the U.S. economy in 2017. This includes the value of all goods and services related to the construction, installation, service, and retail sectors of the pool industry. This report further unveils key findings and insights about the industry’s operations, market performance, and future trajectories.

Firstly, there has been a palpable resurgence in demand for pool construction and renovation. This can be primarily attributed to the improved economic conditions post the financial crisis of 2008. With the real estate market rebounding, new home constructions have witnessed an increase, and with it, a rise in demand for pool installation.

However, industry trends also show a significant shift towards the renovation of existing pools. As per the Association of Pool & Spa Professionals, approximately 5 million existing pools in the United States are in need of renovation - this is nearly twice the number of new pools likely to be built over the next decade. This presents a significant opportunity for pool builders to pivot towards renovation services, leveraging their skills in contemporary design and advanced renovation techniques.

Another important insight pertains to technological advancements. The pool industry has seen a surge in the integration of technology, with smart pools increasingly becoming the norm. Smart pools equipped with automated systems for cleaning, heating, lighting and water treatment, controlled by smartphone apps, have gained popularity. While these technologies add value and convenience, they also come with potential challenges, including higher costs and complexities in installation and maintenance.

The sustainability trend has also made its way into the pool industry. There is an increasing demand for eco-friendly options, from solar heating systems to salt water pools and use of recycled materials. This trend is not only driven by the environmentally conscious consumer but also by the potential for cost savings over the long term.

The pool industry has also seen a rise in the demand for luxury and customization. Consumers are increasingly seeking pools that offer more than just a place to swim - spas, waterfalls, fire features and custom lighting are just some of the features in demand. This trend towards luxury and bespoke designs has resulted in an increase in the average cost of pool projects.

However, these advancements and opportunities don't come without challenges. The industry continues to grapple with a shortage of skilled labor and regulatory pressures. There are also concerns about the impact of volatile material costs on profitability.

As we look towards the future, it is clear that the pool building industry needs to continue adapting and evolving. Advancements in technology and design, sustainability, and a shift towards renovation present significant opportunities. However, these opportunities also require the industry to tackle challenges head-on, developing strategies to mitigate labor shortages, manage increased costs and navigate regulatory landscapes.

In conclusion, the pool builders industry is in a state of flux, with opportunities and challenges coming in equal measure. Understanding these trends and adapting to them will be key for businesses to maintain a competitive edge and chart a path towards sustainable growth.