A Brief Look At The Pool Services Industry

During the Great Recession, the Wall Street Journal published an in-depth analysis of the costs of owning a pool. By referencing industry experts, financial and real estate practitioners, the article titled “Taking a Bath on Your Pool” punched in the numbers and came to the following conclusions: If you wish to learn more about this, visit WRX Pool Services – Windermere Pool Cleaning.

– A pool’s initial costs vary from $25,000 to $50,000 (depending on size, form, and location) – Recurring costs, such as maintenance, range from $500 to $800 per year – Other costs, such as the electric bill and insurance, will start at $100 a month.

In the aftermath of the economic crisis in 2007 and 2008, disposable income for American households plummeted. Owing to job losses, a credit crunch, and a lack of fair prices, consumer spending on a variety of products and services, including home repair and renovation projects, decreased significantly.

Pool services are one of the services that was and still is considered a luxury. For the past five years, pool owners who were lucky enough to own one started cleaning it themselves, reducing the number of times they cleaned it, and even foregoing pool maintenance completely to save money.

Between 2007 and 2012, the industry suffered a nearly 4% decrease in annual sales, totaling $3 billion. It currently employs approximately 63,000 people and operates more than 51,000 companies throughout the country.

According to an IBISWorld study released early last year, the industry is growing as more people return to work – and therefore lack the time to do household chores – in order to recoup money lost during the recession “

A drop in unemployment is expected to raise disposable income levels while also reducing the amount of time customers have available to maintain swimming pools and spas, the demand for the industry’s services “IBISWorld industry analyst Kathleen Ripley said in a statement.