Above Ground Pool Producers and Above Ground Pool Market Trend
The global above ground pool market has experienced a remarkable surge in popularity as families worldwide seek convenient and refreshing options for summer leisure activities. Distinguished from traditional underground pools, above ground pools are characterized by their mobility, easy installation, and storage convenience. These pools have emerged as a favored choice among households, offering an enjoyable and accessible solution for home-based exercise and relaxation.
The above ground pool market can be broadly categorized into three types based on their materials, dimensions, and installation methods: inflatable pools, frame-supported pools, and high-end pools. In 2022, frame-supported pools accounted for approximately 58.9% of the global market share, followed by inflatable pools at approximately 38.9%, and high-end pools at around 2.2%.
According to HDIN Research, the global above ground pool market was valued at $1.0 billion in 2018. By 2023, it is projected to grow to $1.3 billion, representing a compound annual growth rate (CAGR) of 5.4% between 2018 and 2023. Looking further ahead, it is expected that the market will witness substantial expansion, reaching $3.2 billion by 2028, with a CAGR of 19.7% during the period from 2023 to 2028.
The above ground pool market exhibits a high level of concentration, with a few key manufacturers dominating the industry. The leading players in the market include BESTWAY, holding a significant market share of 51.7%, followed by INTEX at 24.9% and POLYGROUP at 7.2%. These companies have successfully capitalized on the growing demand for above ground pools and continue to innovate and introduce new products to cater to diverse consumer preferences.
The popularity of above ground pools transcends geographical boundaries, with robust sales witnessed across various regions worldwide. These pools have found widespread application in residential settings, providing families with an affordable and convenient alternative to traditional swimming pools. Additionally, above ground pools are increasingly being utilized in recreational centers, resorts, and other commercial establishments to offer recreational activities for visitors.
The growth of the above ground pool market is fueled by several factors, including the rising demand for recreational activities at home, the preference for cost-effective pool options, and the ease of installation and maintenance associated with these pools. Furthermore, technological advancements, such as enhanced durability and improved safety features, have contributed to the overall market expansion.
As the global above ground pool market continues its upward trajectory, manufacturers are expected to focus on product development, incorporating innovative features to cater to evolving consumer needs. The market is poised to witness intense competition among manufacturers as they strive to capture a larger market share and gain a competitive edge in the industry.
In conclusion, the above ground pool market has experienced remarkable growth and is poised for further expansion in the coming years. With its versatility, convenience, and affordability, above ground pools have emerged as a popular choice for families seeking an enjoyable and accessible summer leisure option. As industry leaders continue to innovate and meet consumer demands, the market is set to witness an exciting and competitive landscape in the years ahead.