Above Ground Pools Market Insights:
In contrast to other types of swimming pools, such as kiddie pools and bigger in-ground and on-ground pools, above-ground pools are noninflatable and portable. Throughout the projected period, the global market for above-ground pools is anticipated to expand at a noticeable rate. Some of the key drivers propelling the market's expansion are the advantages that above-ground pools have over conventional swimming pools. Additionally, the market for above-ground pools is encouraged by the expansion of the real estate sector. In the upcoming years, the market will have room to grow due to ongoing advancements and the expansion of organised retail in emerging economies. However, risks associated with aquatic recreation environments are limiting market expansion.
In recent years, the US Above Ground Pools Market has experienced a significant surge, transforming the backyard recreation landscape. Once relegated to a mere alternative to traditional in-ground pools, above ground pools have emerged as a popular choice for homeowners seeking cost-effective, flexible, and aesthetically pleasing aquatic solutions. This shift is indicative of evolving consumer preferences, driven by factors such as affordability, convenience, and the desire for customizable leisure spaces. Here's a closer look at the dynamics propelling the rise of above ground pools within the US market.
In 2022, the Above Ground Pools Market Size was estimated to be worth USD 2.8 billion. The Above Ground Pools market is expected to increase from USD2.9386 billion in 2023 to USD4.325138486 billion by 2032, at a compound annual growth rate (CAGR) of 4.95% between 2023 and 2032. The primary market factors promoting market growth are increased innovation, growth of the organized retail sector in emerging economies, and growth of the real estate industry.
Due to the widespread use of above-ground pools among consumers, North America accounted for the lion's share of the market for these pools in 2021. The profitable market in the area for manufacturers was controlled by the US. Major above-ground pool brands are present in the area, particularly in the US, which is helping the regional market flourish. An additional benefit to the market expansion is the manufacturers' ongoing innovation and implementation of cutting-edge technology in their above-ground pool service offerings. During the review period, the market in Asia-Pacific is predicted to have the greatest CAGR. Major producers of above-ground pools are investing in the region's developing economies to expand and innovate their products. All of these things are expected to create substantial growth opportunities for the market in the coming years.
Regional Analysis:
North America, Europe, Asia-Pacific, and the rest of the globe have been divided geographically into the Global Above Ground Pools Market. According to MRFR analysis, North America held the greatest share of the market in 2021. The above-ground pool market in Asia-Pacific is anticipated to grow at the highest CAGR—5.16%—during the forecast period.
Market Segmentation:
The market for above-ground pools has been divided into segments based on kind, shape, distribution method, and region.
Steel pools, aluminium pools, resin pools, wooden pools, and hybrid pools are the different types of pools available on the market. In 2021, the steel pools segment held the largest market share, but throughout the forecast period, the resin pools segment is anticipated to grow at the highest CAGR of 5.12%. Resin, which resembles hard plastic, is used to construct resin pools. Pools with resin frames are less durable than those with steel frames. However, they are resistant to rust, corrosion, and warping caused by water and sunlight.
The above-ground pool market has been segmented into four shapes based on shape: round, square, oval, and rectangle. The rectangular segment is anticipated to see the greatest CAGR of 5.12% over the course of the forecast period, while the round segment held the most market share in 2021. For swimming, a rectangular pool is the ideal shape. For doing laps, it offers a broad, unobstructed stretch of water. Rectangular pools are also very conducive to relaxation because it's very simple to build roomy lounging areas all around them.
The global above-ground pool market has been divided into store-based and non-store-based segments depending on distribution channel. In terms of value, the store-based category held the greater market share in 2021. Supermarkets, hypermarkets, and speciality shops are included in this sector. The bulk of branded above ground pools are sold through specialty retailers, which significantly contributes to the sales of above ground pools.
Key Players:
The major key players are Fitmax Inc. (US), Mountfield a.s. (Czech Republic), Fluidra S.A (Australia), Bestway Global Holding Inc. (Hong Kong), Atlantic Pool Products. (Canada), Aqua Leader (Canada), Wilbar International, Inc. (US), Intex Recreation Corp. (US), Splash SuperPools, Ltd. (US), Cornelius (US), Torrente Industrial (Spain), Doughboy Pools (US), Starmatrix Group Inc. (China), TRIGANO JARDIN (France), Waterman GmbH (Germany), and Arcana Pool Systems GmbH (Austria) as the key players in the global above ground pools market.
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