Above Ground Pools Market Share Analysis
The world of above ground pools is always changing, with new designs and technologies. The people who make these pools keep coming up with different wall designs and liner options. They've started using a material called resin more often, and steel pools have also gotten better over time with new coatings to stop them from rusting. Some pools are now made using a mix of materials, which is called hybrid pools. The accessories for these pools are also getting more high-tech, adding to the popularity of above ground pools. Some pools now work with salt-water systems, which are good for the environment and gentle on the skin.
The companies that make these pools are always thinking of new ideas and accessories, and this is expected to bring more growth to the global market.
In some countries where the economy is growing, and more people are moving from rural to urban areas, there's been a big increase in organized retail. This means big stores and chains are coming into these places. In countries like India, China, Malaysia, and South Africa, more people are getting to know about and buy above ground pools because of these stores. In places like Hong Kong, Beijing, and Shanghai, where the economy is getting better, new retail chains are opening up, making above ground pools more accessible to people. In Southeast Asia, especially in Singapore, people like to do all their shopping in one place, and this is making above ground pools more popular. Online shopping is also becoming a big thing, with people checking out catalogs and prices online before buying. This is making it easier for people to decide what they want to buy.
In India, the retail space has increased a lot, and it's expected to grow even more. The retail market in India is predicted to reach USD 1.1 trillion by the end of 2020 because more people are earning money, using the internet, and changing their lifestyles. In China, online shopping has increased a lot, reaching CNY 9,006.497 billion in turnover in December 2018. This growth in organized retail in Asia-Pacific is likely to boost the global above ground pools market because more people will be able to buy them, either online or in physical stores.