Above Ground Pools Market is projected to Grow at a CAGR of 4.95% during the Forecast Period due to the Benefits Associated with Above Ground Pools

December 2022, Market Research Future has published a Report on the Global Above Ground Pools Market

Above Ground Pools Market Highlights

Global Above Ground Pools Market is projected to be valued at USD 4.325138486 Billion by 2032, expanding at a CAGR of 4.95% during the forecast period. Above ground, pools are noninflatable and portable and differ from other types of swimming pools, such as inflatable pools for children and the larger in-ground and on-ground pools. The global above-ground pools market is expected to register a notable growth rate during the forecast period. Benefits associated with the above-ground pools in comparison to traditional pools are some of the major factors driving the growth of the market. Also, the growth of the real estate industry boosts the growth of above ground pools market. Continuous innovations and growth of the organized retail sector in emerging economies create a growth opportunity for the market in the coming years. However, hazards related to recreational water environments are restricting the growth of the market.

North America constituted a dominant share of the above ground pools market in 2021, owing to the popularity of these pools among the population. The US dominated the lucrative market for manufacturers in the region. The presence of major brands of above ground pools in the region, especially in the US, is also boosting the market growth in the region. Continuous innovation by the manufacturers and adoption of advanced technology in the services of above ground pools is an added advantage to the market growth. The market in Asia-Pacific is anticipated to exhibit the highest CAGR during the review period. Major above ground pools manufacturers are making investments for product innovation and expansion in the emerging economies of the region. All these factors are anticipated to create substantial growth opportunities for the market in the coming years.

Segmental Analysis

Global Above Ground Pools Market has been segmented on the basis of Type, Shape, Distribution Channel, and Region.

By type, the market has been divided into steel pools, aluminum pools, resin pools, wooden pools, and hybrid pools. The steel pools segment accounted for the maximum market share in 2021 whereas, the resin pools segment is expected to register the highest CAGR of 5.12% during the forecast period. Resin pools are built using resin, which is like hard plastic. Resin frame pools are less sturdy than steel frame pools. However, they are resistant to the destructive effects of sunlight and water like rust, corrosion, and warping.

Based on shape, the global above ground pools market has been classified as round, square, oval, and rectangular. The round segment accounted for the maximum market share in 2021 whereas, the rectangular segment is expected to register the highest CAGR of 5.12% during the forecast period. A rectangular pool offers the perfect shape for swimming. It offers a long, unimpeded stretch of water, which is ideal for doing laps. Also, rectangle pools are particularly suited to relaxation, as it is extremely easy to design large, comfortable seating areas around these pools.

Based on distribution channel, the global above ground pools market has been classified as store-based and non-store-based. The store-based segment accounted for the larger market share in 2021 in terms of value. This segment includes supermarkets & hypermarkets and specialty stores. The specialty stores majorly contribute to the sales of above ground pools as the majority of the branded above ground pools are sold through specialty stores.

Regional Analysis

Geographically, Global Above Ground Pools Market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest share in 2021. Asia-Pacific above ground pools market is projected to register the highest CAGR of 5.16% during the forecast period.

Market Research Future recognizes 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.

Key Findings of the Study

• Global Above Ground Pools Market is projected to register a growth rate of 4.95% from 2022 to 2030. Benefits associated with above ground pools followed by the growth of the real estate industry are projected to drive the growth of the global above ground pools market.

• The steel pools segment is estimated to retain its prominent share by 2030 whereas, the resin pools segment is anticipated to register a growth rate of 5.12% during the forecast period.

• The round segment is estimated to retain its prominent share by 2030 whereas, the rectangle segment is anticipated to register a growth rate of 5.12% during the forecast period.

• The store-based segment accounted for the largest market share in 2021 and is expected to register a CAGR of 4.92% during the forecast period.