The global market for above-ground pools is set to grow a lot in the coming years. This is because these pools offer many benefits compared to regular pools, and the real estate industry is also booming. Companies in the market keep coming up with new ideas for materials, designs, and features. This, along with the rise of organized retail in growing economies, is creating lots of chances for the market to grow. But, there's a downside too – there are some dangers connected to using pools for fun, and this might slow down the market's growth.
Let's break it down a bit more. The types of above-ground pools can be different, like steel pools, aluminum pools, resin pools, wooden pools, and hybrid pools. Among these, steel pools were the most popular in 2019, making up about 26.77% of the market. They are expected to keep growing at a rate of 4.97% in the future. Resin pools came next, with a market share of 23.73% in 2019. They are expected to grow the fastest, with a rate of 5.12%.
Now, when we look at the shapes of these pools, they can be round, square, oval, or rectangular. In 2019, round pools were the most common, making up 41.84% of the market. They are expected to keep growing at a rate of 4.90%. Rectangular pools were the next popular, with a market share of 23.78% in 2019. They are expected to grow the fastest, with a rate of 5.12%.
The good news is that people are really liking above-ground pools because they have some great benefits. They are often cheaper and easier to set up compared to regular pools. Plus, you can find them in many different types and shapes, so you have lots of options to choose from. This is attracting more and more people to buy them, especially in places where the real estate business is doing well.
However, there's a challenge too. Some risks are connected to having fun in and around pools, and this could slow down how much the market grows. It's important to be aware of these risks and make sure to use pools safely.
In a nutshell, the future looks bright for the above-ground pool market. With more innovations and choices, it's becoming a popular and accessible option for people who want to enjoy a swimming pool without breaking the bank. As long as safety is kept in mind, the market is expected to keep growing in the coming years.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 2.9386billion Billion |
Growth Rate | 4.95%(2023-2032) |
Above Ground Pools Market Size was valued at USD 2.9386 billion in 2023. The Above Ground Pools market industry is projected to grow from USD 3.0840607 Billion in 2024 to USD 4.325138486 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.32% during the forecast period (2024 - 2032). Increased Innovations, Growth Of The Organized Retail Sector In Emerging Economies and Growth Of The Real Estate Industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Urban areas often have limited space for traditional in-ground pools. In densely populated cities, there may be land availability or restrictions on digging and construction, making it impractical or expensive to install in-ground pools. In such situations, above-ground pools offer a convenient alternative as they can be set up on existing outdoor spaces such as patios, decks, or rooftops. Their portable and flexible nature makes them suitable for urban dwellings with limited outdoor areas.The urban lifestyle is characterized by fast-paced living, and people seek recreational activities and leisure options within the comfort of their homes. Above-ground pools provide a convenient solution for urban residents to relax, exercise, and enjoy water-based activities without the need to travel to public pools or beaches. They offer a private and easily accessible space for individuals and families to cool off and have fun, especially during the hot summer months. The increasing popularity of above-ground pools can be attributed to their affordability and relatively lower maintenance costs compared to in-ground pools. Urban dwellers, including young families and individuals living in apartments or smaller houses, may find above-ground pools more cost-effective and manageable regarding installation, maintenance, and ongoing expenses. This factor drives the market CAGR.
Additionally, an increase in the disposable income of the public, in general, has led to a rise in recreational activities, which positively impacts the above-ground swimming pool market.
Further, since it is above ground, it becomes a safer option for the household with pets and children to ensure their safety; hence, it is preferred over in-ground swimming pools. However, PVC liners used in above-ground swimming pools pose a health hazard, which is a restraining factor hindering the growth of the above-ground swimming pools. Contrarily, the latest advancements in materials like aluminum and PVC is expected to help reduce the health hazard and the price of above-ground swimming pools. This is anticipated to create lucrative opportunities for the above-ground swimming pool market growth during the forecast period. Thus, driving the Above Ground Pools market revenue. The biggest above ground pool available may vary, but some of the largest models can measure up to 41 feet in length and hold approximately 15,200 gallons of water.
Based on type, the Above Ground Pools market segmentation includes steel pools, aluminum pools, wooden pools, resin pools, and hybrid pools. The steel pools segment dominated the market due to several reasons. Steel pools are known for their durability and strength, giving them an advantage over other materials. They can withstand harsh weather conditions and maintain their structural integrity over longer. Secondly, steel pools offer various design options and sizes, making them suitable for various customer preferences and backyard spaces. Also, steel pools are relatively more affordable than other materials like resin or aluminum, making them an attractive choice for budget-conscious consumers.
Based on shape, the Above Ground Pools market segmentation includes round, oval, and square, rectangular. The round segment dominated the market; they can fit into different backyard spaces and require minimal preparation compared to other shapes. This makes them popular among homeowners who want a hassle-free pool setup. Additionally, round pools are often more cost-effective compared to other shapes, making them an attractive option for budget-conscious customers. These factors contribute to the dominance of the round shape segment in the above-ground pools market.
The Above Ground Pools market segmentation, based on Distribution channels, includes store-based and non-store-based. The store-based segment dominated the market; store-based channels provide a physical retail presence, allowing customers to see and examine the pool products before making a purchase. This tactile experience can be crucial for customers buying larger items like above-ground pools, as they can assess the pool's quality, size, and features firsthand. Additionally, store-based channels often provide knowledgeable sales staff who can guide and assist customers, helping them make informed decisions.
Figure1: Global Above Ground Pools Market, by Distribution channel,2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The EuropeAbove Ground Pools market area will dominate this market; benefits associated with above-ground pools growth of the real estate industry will boost the market growth in this Region.Further, the German Above Ground Pools market held the largest market share, and the UK Above Ground Pools market was the fastest-growing market in the European Region.
Further, the major countries studiedin the market reportare The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL ABOVE GROUND POOLS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The North American above-ground pools market areaaccounts for the second-largest market share due to theincrease in theincreasing residential and commercial construction activities, which will boost the market growth in this Region.
The Asia-Pacific Above Ground Pools Marketis expected to grow fastest from 2023 to 2032. This is due to continuous innovations and growth of the organized retail sector in emerging economies. Moreover, China’s Above Ground Pools market held the largest market share, and the IndianAbove Ground Pools market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Above Ground Pools market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Above Ground Pools industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Above Ground Pools industry to benefit clients and increase the market sector. The Above Ground Pools industry has offered some of the most significant advantages in recent years. Major players in the Above Ground Pools market, includingFitmax Inc. (US), Mountfielda.s. (Czech Republic), Fluidra S.A (Australia), Bestway Holding Inc. (Hongkong), Atlantic Pool Products. (Canada), Aqua Leader (Canada), Wilbar International, Inc. (US), IntexRecreation 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)., and others, are attempting to increase market demand by investing in research and development operations.
From the beach ball — our first product — to Mega Water Parks, we're committed to manufacturing high-quality and innovative products. Chandler, Arizona, headquarters has been active since 2013. Bestway, a leading manufacturer of above-ground pools, announced a collaboration with a renowned home improvement retailer to exclusively distribute their new line of premium above-ground pools. The collaboration aims to meet homeowners' growing demand for high-quality and durable pools.
Intex is the exclusive sales associate and distributor of INTEX-branded products in the United States and Canada. IRC sells to multiple retail classes, including mass market, internet, club, sporting goods, grocery, toy, housewares, department, and local distributors. The INTEX product lines include Air Mattresses, Above Ground Pools, Inflatable Pool flats, Pool Accessories, Inflatable Boats and Kayaks, and after-sale consumer parts. Intex, a well-known brand in the above-ground pool industry, celebrated its 50th anniversary. The company organized a special event to mark this milestone, highlighting its contributions to the industry and showcasing its latest innovative pool designs. The celebration included product demonstrations, customer testimonials, and a glimpse into the company's plans.
Above Ground Pools Industry Developments
September 2021: Bestway, a leading manufacturer of above-ground pools, announced a collaboration with a renowned home improvement retailer to exclusively distribute their new line of premium above-ground pools. The collaboration aims to meet homeowners' growing demand for high-quality and durable pools.
July 2021: Intex, a well-known brand in the above-ground pool industry, celebrated its 50th anniversary. The company organized a special event to mark this milestone, highlighting its contributions to the industry and showcasing its latest innovative pool designs. The celebration included product demonstrations, customer testimonials, and a glimpse into the company's future plans.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)