Swimming Pool Construction in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: October 2023
NAICS 23899bRevenue
$12.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
55,806
Businesses
15,799
Wages
$X.Xbn
Swimming Pool Construction in the US industry analysis
Swimming pool contractors have faced considerable volatility. Low-interest rates and rising per capita disposable income provided an accommodative spending environment for consumers. At the same time, these factors loosened the borrowing environment, which increased housing starts, including homes with new pools. Considerable increases in interest rates in 2022 and 2023 discouraged consumers from purchasing a new home and installing a pool. Accordingly, industry-wide revenue has been falling at a CAGR of 0.5% over the past five years and is expected to total $12.2 billion, including a 4.5% decrease in 2023, with profit set to dip to 6.7%.
Trends and Insights
- Low interest rates encouraged consumers to install new pools in their homes. Interest rate hikes hammered swimming pool contractors late in the period.
- New pool construction has been volatile. The surging number of housing starts led to massive increases in new pool construction in 2020 and 2021, but as interest rates began to climb, new pool construction slowed.
- Warm climates encourage swimming pool contractors to establish. Swimming pool contractors concentrate heavily in California and Florida because it’s warm year-round.
- There is a high level of internal competition among swimming pool contractors. Since companies generate business through word-of-mouth referrals, reputation is a vital source of competition.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $12.2bn in 2023.
Trends and Insights
COVID-19 pushed the housing market higher
- Contrary to other construction industries, swaths of consumers chose to invest in a new swimming pool at the onset of the pandemic.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The residential market will spur growth
- While mortgage rates will remain high at the onset of the outlook period, the residential market will be a boon to swimming pool contractors over the outlook period.
Biggest companies in the Swimming Pool Construction in the US
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 | Profit ($short_0)
2023 | Profit Margin (%)
2023 |
|---|
There are no companies that hold a large enough market share in the Swimming Pool Construction in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including New construction, Additions, alterations and reconstruction and Maintenance and repair. New construction is the largest segment of the Swimming Pool Construction in the US.
Trends and Insights
New pool construction activity has been volatile
- This segment includes new construction of in-ground concrete, in-ground vinyl, in-ground fiberglass, indoor pools and swimming ponds.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Masonry in the US
- Drywall & Insulation Installers in the US
- Tile Installers in the US
- Concrete Contractors in the US
International industries
- Residential Building Construction in Mexico
Table of Contents
About this industry
Industry definition
This industry comprises operators that construct a wide range of swimming pools, including in-ground pools, swimming ponds and indoor pools. Participants may also offer repair and maintenance services for swimming pools.
What's included in this industry?
Constructing and installing indoor swimming poolsConstructing and installing in-ground swimming poolsConstructing and installing swimming pondsProviding repair and maintenance services for constructed swimming poolsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
FILTRATIONSHOTCRETEGUNITEIndustry Code
NAICS 238990 - Swimming Pool Construction in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Low interest rates encouraged consumers to install new pools in their homes. Interest rate hikes hammered swimming pool contractors late in the period.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
New pool construction has been volatile. The surging number of housing starts led to massive increases in new pool construction in 2020 and 2021, but as interest rates began ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Warm climates encourage swimming pool contractors to establish. Swimming pool contractors concentrate heavily in California and Florida because it’s warm year-round.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
There is a high level of internal competition among swimming pool contractors. Since companies generate business through word-of-mouth referrals, reputation is a vital source...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No company has amassed more than 5.0% of the market. Swimming pool contractors operate locally, making it difficult for one company to accumulate a significant market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Swimming pool contractors receive little direct government assistance. While the Paycheck Protection Program benefitted contractors, private associations like the National Sp...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has fluctuated in recent years. Fluctuations in interest rates have led to volatile demand and profit for swimming pool contractors.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Swimming Pool Construction in the US industry in United States in 2024?
The market size of the Swimming Pool Construction in the US industry in United States is $12.2bn in 2024.
How many businesses are there in the Swimming Pool Construction in the US industry in 2023?
There are 15,799 businesses in the Swimming Pool Construction in the US industry in United States, which has grown at a CAGR of 1.4 % between 2018 and 2023.
Has the Swimming Pool Construction in the US industry in United States grown or declined over the past 5 years?
The market size of the Swimming Pool Construction in the US industry in United States has been declining at a CAGR of 0.5 % between 2018 and 2023.
What is the forecast growth of the Swimming Pool Construction in the US industry in United States over the next 5 years?
Over the next five years, the Swimming Pool Construction in the US industry in United States is expected to grow.
What does the Swimming Pool Construction in the US in United States include?
Constructing and installing indoor swimming pools and Constructing and installing in-ground swimming pools are part of the Swimming Pool Construction in the US industry.
How competitive is the Swimming Pool Construction in the US industry in United States?
The level of competition is high and increasing in the Swimming Pool Construction in the US industry in United States.
