Global Above Ground Swimming Pools Market to Reach US$4.0 Billion by 2030
The global market for Above Ground Swimming Pools estimated at US$3.1 Billion in the year 2023, is expected to reach US$4.0 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Round Swimming Pools, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Square Swimming Pools segment is estimated at 2.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$814.7 Million While China is Forecast to Grow at 3.4% CAGR
The Above Ground Swimming Pools market in the U.S. is estimated at US$814.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$635.1 Million by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Why Are Above Ground Swimming Pools Gaining Popularity Among Homeowners?
Above ground swimming pools have become an increasingly popular option for homeowners seeking a cost-effective and convenient way to enjoy the benefits of a swimming pool without the high costs and permanent installation associated with in-ground pools. These pools are available in various shapes and sizes, making them suitable for a wide range of backyard spaces. Above ground pools offer several advantages, including lower installation and maintenance costs, ease of assembly and disassembly, and the ability to relocate the pool if needed. The growing trend towards outdoor living and the increasing focus on home-based recreation have driven the popularity of above ground swimming pools, as homeowners seek to create enjoyable and relaxing outdoor spaces.
How Has the Above Ground Swimming Pools Market Evolved?
The market for above ground swimming pools has evolved significantly, driven by changes in consumer preferences and advancements in pool design and materials. Initially, above ground pools were considered a temporary and less desirable alternative to in-ground pools, often associated with lower quality and limited durability. However, advancements in materials, such as the use of durable steel, resin, and high-strength PVC, have improved the quality and longevity of above ground pools, making them a more attractive option for homeowners. The introduction of more aesthetically pleasing designs, such as pools with integrated decking and landscaping options, has also contributed to the growth of the market. Additionally, the increasing availability of accessories, such as pool covers, lighting, and filtration systems, has enhanced the overall experience of owning an above ground pool, further driving market growth.
What Are the Latest Trends and Innovations in Above Ground Swimming Pools?
Several emerging trends and innovations are shaping the above ground swimming pools market, offering new opportunities for homeowners to enhance their outdoor living spaces. One significant trend is the increasing popularity of hybrid pools, which combine the features of above ground and in-ground pools to create a more integrated and aesthetically pleasing backyard design. These hybrid pools often include features such as built-in decking, custom landscaping, and integrated water features, providing a more luxurious and permanent feel while maintaining the flexibility and lower cost of above ground pools. Another important innovation is the development of energy-efficient and eco-friendly pool equipment, such as solar-powered heaters and LED lighting, which reduce the environmental impact and operating costs of owning a pool. The growing trend towards smart home technology is also making its way into the above ground pool market, with the introduction of smart pool systems that allow homeowners to monitor and control their pool`s temperature, filtration, and lighting remotely via smartphone apps. Additionally, the increasing availability of modular pool designs, which can be expanded or reconfigured as needed, is providing homeowners with greater flexibility and customization options.
What Factors Are Driving the Growth of the Above Ground Swimming Pools Market?
The growth in the above ground swimming pools market is driven by several key factors that are influencing the demand for affordable and flexible pool options among homeowners. One of the primary drivers is the increasing trend towards outdoor living and home-based recreation, as more homeowners invest in creating enjoyable and functional outdoor spaces. The lower installation and maintenance costs of above ground pools compared to in-ground pools are also driving their popularity, as they provide a more accessible option for a wider range of consumers. Additionally, the growing awareness of the health benefits of swimming and the increasing emphasis on fitness and wellness are contributing to the demand for home-based pools. The ongoing advancements in pool design, materials, and technology are further enhancing the appeal of above ground pools, offering homeowners more attractive, durable, and energy-efficient options. These factors, combined with the rising interest in customizable and modular pool designs, are expected to sustain the growth of the market in the coming years.
Select Competitors (Total 43 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook