As summer 2021 approaches, the days will become warmer, longer, and people will be eager to get outside. With summer heat and summer vacation comes the pool season, which begs the question – will swimming pool franchises make a splash this summer during the pandemic?
A recent study during COVID-19 from BusinessWire and Technavio found that the swimming pool industry is projected to grow by $3.56 billion between 2020-2024, progressing at a CAGR of over 2% with accounting for the impact of the coronavirus. One of the key market drivers attributed to the projection is a forecasted boom in the leisure industry. Some families who don’t feel safe traveling will stay home at their own (newly installed) pools, while others who feel comfortable getting out of the house will look for safe family activities like swimming for summer relaxation.
Read the full article here: https://www.franchise.org/blog/why-swimming-pool-franchises-will-be-a-summer-success