Swimming Pool and Spa Cartridge Market Rebounding From Tough Economy
New INDA Segment Analysis focuses on niche market within overall Liquid Filtration business
CARY, N.C. — September 12, 2011 — After enduring challenging times due to the soft U.S. economy and the even slower home construction and home improvement business, the North American cartridge filter market in 2011 totaled approximately $293 million at retail, while at the producer’s level sales for these products is estimated at $190 million.
These
findings and more are contained in a recently released Segment Analysis of the
Nonwoven Cartridge Market for Swimming Pools and Spas. The market-specific report
is part of an ongoing series of in-depth research projects focusing on vital
segments of the business of filtration being published by INDA, Association of
the Nonwoven Fabrics Industry. These Segment Analysis reports will be compiled
into an extensive Liquid Filtration INDA publication at a later date.
“The cartridge market for swimming pools and spas has gone through hard times over the past few years as the housing industry slumped and consumers have found it increasingly difficult to obtain financing to install swimming pools and spas,” says INDA President Rory Holmes, who points out that pool and spa installation volume has dropped precipitously for several years.
In fact, according to the INDA report, installations, which had annual volume in the 380,000 to 395,000 range in 2003-04, bottomed out at 184,000 units in 2008, with slow growth continuing since that time. Spas were in a similar position, with volume dropping during the same period from 417,000 units to 175,000 units.
However, according to the INDA report, over the next five years the pool and spa construction industry will continue to build new pools and spas at a modest but slightly accelerated pace of 3-4% per year.
For more information or to obtain a copy of the report on the Nonwoven Cartridge Market for Swimming Pools and Spas:
Phone
(919) 233-1210 Fax (919) 233-1282