MRFR ( Market Research Future) expects the above ground swimming pools market to procure a growth rate of 4.95% between 2020 and 2026 (review period). It is also likely that the market size will touch USD 3,646.31 Million by 2026.
Top Boosters and Deterrents
Above ground pools are easy to repair, quick to remove, and facilitate low-cost of maintaining compared to inground pools. The fact that they cost extremely low in comparison with traditional pools and also do not require much space works in their favor, as they are increasingly being installed by homeowners in their back yards. Plus, since above ground pools are at a higher level from the ground, they are safe for pets and children, which also adds to their appeal among consumers.
Kid’s pool has become one of the most popular segments in the market, with more and more children learning to swim. Swimming helps the kids maintain in a good physical as well as mental health. The global market is further bolstered by the large-scale urbanization worldwide, which is encouraging the preference for high-quality and modern infrastructures in residential and commercial spaces. The construction industry is focused on upgrading the existing infrastructures, especially in developed countries, while the emerging countries are striving to develop new buildings. Hence, the significant rise in the rate of urbanization across the globe is touted to be a major growth booster in the following years.
Companies are increasingly adopting competitive strategies such as expansions, R&D and partnerships to improve their market ranking. Reasonable pricing and appealing features are the primary aspects based on which the players are competing among themselves while trying to gain more customers worldwide.
Types of above ground pools are aluminum pools, hybrid pools, wooden pools, steel pools, resin pools, and others. Hybrid pools are gathering momentum across the world, as these offer numerous advantages including requiring smaller footprint compared to other types of pools. These are also easy to install and are therefore, homeowners are increasingly opting for hybrid pools.
Shapes in which above ground pools are primarily available in the market are square, round, rectangular and oval.
The distribution channels in the global industry are either store-based or non-store based. The store-based channels will be the top segment and touch USD 3,313.26 million by 2026-end, whereas the non-store-based channel will be the fastest growing segment, at the rate of 5.25% between 2020 and 2026. Non-store-based distribution channels are generally e-commerce, wherein a rising number of manufacturers are selling above ground pools via online platforms or on their own websites, offering a variety of products.
Europe, North America, Asia Pacific or APAC and RoW/Rest of the World are the major regions considered in the study of above ground pools.
The biggest market for above ground pools is in North America as the region had seized the highest above ground pools market share of 47.33% in 2019. The most lucrative market in the region is the US and it is anticipated that the North American market will capture a decent CAGR of 4.90% between 2020 and 2026. The above ground pools are quite popular among Americans, thanks to relatively lower interest rates, combined with the significant per capita income that renders the consumers with a high purchasing capacity.
The above ground pools market in APAC is soaring rapidly, in view of the mounting number of hotels and residential areas. However, the market growth in the region is mostly fuelled by the escalating rate of urbanization that has pushed the demand for a better lifestyle while also fostering developments in infrastructure. Growing prevalence of hectic living among people has bolstered the preference for a wide variety of amenities in the infrastructure, which benefits the above ground pools market to a large extent. Surge in the number of travelers along with the booming tourism sector in the region, backed by rising income has raised the hotel output. This is touted to draw in investments in the hotel industry, which will ultimately lead to construction of more number of above ground pools. Growth in budgets of the people for purchasing homes and the escalating demand for aesthetic amenities should also facilitate market expansion in the years to come.
The companies that are active in the global market for above ground pools are TRIGANO JARDIN (France), Fitmax Inc. (US), Aqua Leader (Canada), Wilbar International, Inc. (US), Intex Recreation Corp. (US), Atlantic Pool Products. (Canada), Torrente Industrial (Spain), Doughboy Pools (US), Starmatrix Group Inc. (China), Mountfield a.s. (Czech Republic), Splash SuperPools, Ltd (US), Cornelius (US), Arcana Pool Systems GmbH (Austria), Bestway Global Holding Inc. (Hongkong), Waterman GmbH (Germany), Fluidra S.A (Australia),
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.