Immediately after the recession where many people were out of work, the swimming pool cleaning industry was hit hard for a couple of years. To cut costs, homeowners did their own cleaning of their pools and spas, or simply did away with the pool treatment altogether. As the economy started to bounce back, homeowners have returned to work and now have lesser time to clean their pools themselves. This has led to recovery in the industry.
Over the past five years, the swimming pool cleaning services industry has seen significant declines in demand. The recession has severely impacted the per capita income of households because of lower pay or lack of employment opportunities. As a response to this, households either carried out the cleaning themselves, reduced the frequency of the cleanings of their pool and spa, or delayed the maintenance and cleaning together.
Research firm IBISWorld reported that in the period between 2007 and 2012, revenue in the industry contracted at an average rate of 3.8 per cent annually to $2.9bn. As demand fell for such services, lesser people were hired resulting to a decrease in employment at annual rate of 1.1 per cent to over 62,700 employees in 2012.
The low market share concentration in the industry makes the four leading firms share just less than 5 per cent of the industry?s revenues. In general, bulk of the operators are independent contractors who are mostly self-employed individuals that have a staff of less than three people. It is typical for these companies to offer swimming pool cleaning services within their geographic scope because it keeps their operating costs low, although this model limits benefits to economies of scale.
The bigger players in the industry companies have franchised operations. Until now, these independent franchise operators have benefitted from the low level of competition, but is currently being challenged by new DIY pool maintenance products that have recently surfaced in the market.
With the economy slowly getting back on track and working homeowners become busier and have less time to clean and tend to domestic chores, the swimming pool cleaning service market is expected to see increased demand. That puts established market players in a good position since they can tailor their services to specific demands of various individual and corporate clients.
PoolsAboveGround.com?is an online swimming pool store that provides a variety of pool kits, accessories, and supplies. It also offers a selection of swimming pool cleaning and maintenance equipment like pumps, filters, heaters, and other related products.
Contact
Robert Long
5024 Caspian Ct.
Orlando, FL 32819
866-534-9725
support_poolsaboveground@live.com
http://www.poolsaboveground.com/
Source: http://www.uknewsx.com/swimming-pool-cleaning-and-maintenance-industry-bouncing-back-from-recession/
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