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The Above Ground Swimming Pool Market size is estimated to grow at a CAGR of 4.1% between 2022 and 2027. The market size is forecast to increase by USD 596.01 million. The growth of the market depends on several factors, such as increased large-scale urbanization, increasing disposable income of the population, and cost-effectiveness of above ground swimming pools.
This report extensively covers market segmentation by type (round, square, oval, and rectangular), material (steel pools, aluminum pools, wooden pools, resin pools, and hybrid pools), and geography ( North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Above Ground Swimming Pools Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Rapid urbanization has led to limited outdoor space, which makes it difficult to install in-ground swimming pools. Thus, there is an increasing adoption of above ground swimming pools as it needs less space and can be set up in smaller yards or rooftops. In addition, there is a growing preference for above-ground swimming pools among urban residents with budget constraints as they are economical.
Furthermore, the main advantage of these pools is their flexibility as they are easy to install and maintain, and also assembling, disassembling, and relocating becomes easier. Therefore, these benefits of the above ground pool are positively impacting the market. Hence, such factors are expected to drive above ground swimming pool market growth during the forecast period.
There is an increasing use of above ground pools for recreational activities, as it offers several benefits which range from water-based exercises to meditation. Above-ground pools are an ideal option for low-impact exercises, and effective cardiovascular exercises, and also enhance endurance. Thus, there is an increasing demand for these pools as people are maintaining healthy and active lifestyles and are indulging in fitness activities.
Furthermore, the growing awareness regarding the benefits of swimming among people such as building strength, managing or losing weight, and improving cardiovascular- problems are also fuelling the demand for above-ground pools. Hence, the rise in motivation among people to regularly exercise and maintain their fitness is positively impacting the market. Hence, such factors are expected to drive above ground swimming pools market growth during the forecast period.
There is increasing popularity for swimming pools among high-rise buildings and apartments. As there is a significant demand for above-ground pools, it is essentially increasing the competition in the market. As a result, several manufacturers in the market are increasingly focusing on developing efficient above-ground swimming pool equipment to maintain their market shares and dominate the competitive market.
Furthermore, manufacturers are trying to differentiate the pools from other competitors with different shapes and looks to enhance the aesthetic appeal of apartments. As a result, it fuels the demand for different types of pool lights, floors, and fountains to cater to customer expectations. Hence, the increase in customer demand will fuel the competition in the market which will hinder the above ground swimming pools market growth during the forecast period.
The round segment is estimated to witness significant growth during the forecast period. The aesthetics of above ground round swimming pools create a welcoming and cohesive aesthetic to the backyard. One of the main factors which is significantly contributing to the growth of this segment is its visual appeal. Additionally, the round shape offers structural integrity as it is installed a few feet above the ground.
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The round segment was the largest segment and was valued at USD 971.45 million in 2017. The main advantage of the round segment of the above-ground pool is that it is easy to clean and maintain. as they have fewer crevices. Some of the other advantages of this segment include versatility, easy accessories, and accommodating several water activities. Hence, such factors are expected to fuel the growth of the segment which in turn will drive the market growth during the forecast period.
Based on material, the segment is classified into steel pools, aluminum pools, wooden pools, resin pools, and hybrid pools. One of the main advantages of steel pools is that they are durable and have long-lasting structures. These pools are constructed by using steel walls above the ground. Additionally, one of the significant features of these pools is that they have protective coatings which prevent corrosion and enhance durability. The main advantage of this segment is the flexibility to customize size and be suitable for different backyard layouts. Hence, factors such as affordability and sustainability are fuelling the growth of this segment which, in turn, will drive the above ground swimming pools market growth during the forecast period.
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North America is estimated to contribute 59% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The above ground swimming pool market market in North America is mainly saturated due to the rapid urbanization and space efficiency in the region. One of the main countries which has significantly contributed to the growth of the global above ground swimming pools market market in North America is the US as it is the most urbanized country with a population that has a high spending capability.
As many people cannot afford swimming pools in their houses, there is a growing popularity for above ground swimming pools which is positively impacting the market growth. Furthermore, the growing awareness regarding a fitness and healthy lifestyle in the region is expected to drive above ground swimming pools market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global above swimming pool market witnessed a significant slowdown closure of manufacturing units of above ground swimming pool centers in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of construction activities of the above ground swimming pools. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aqua Leader: The company offers above ground swimming pools such as Aqua Leader Metal Frame Pool, the Aqua Leader Resin Pool, and the Aqua Leader Inground Pool.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Atlantis Pools, Bestway Inflatables and Material Corp., Doughboy Pools, FITMAX IPOOL, FLUIDRA SA, Intex Recreation Corp., Marmon Holdings Inc., Mountfield AS, Splash Superpools, STARMATRIX GROUP INC., Summer Escapes Swimming Pools, Torrente Industrial sl, TRIGANO S.A., and Wilbar Group.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The above ground swimming pools market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Above Ground Swimming Pools Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.1% |
Market growth 2023-2027 |
USD 596.01 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.46 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 59% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aqua Leader, Atlantis Pools, Bestway Inflatables and Material Corp., Doughboy Pools, FITMAX IPOOL, FLUIDRA SA, Intex Recreation Corp., Marmon Holdings Inc., Mountfield AS, Splash Superpools, STARMATRIX GROUP INC., Summer Escapes Swimming Pools, Torrente Industrial sl, TRIGANO S.A., and Wilbar Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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