Above Ground Pools Market Overview

In addition, the above-ground pools market is expected to rise at a CAGR of 4.95%, with a value of USD 4.325138486 billion over the estimated forecasting year of 2023-2032. The above-ground pools market includes revenue generated by the construction of new swimming pools and renovation of old swimming pools in residential and non-residential infrastructure. These swimming pools are generally built with concrete, fiberglass, and vinyl liner materials. The pools are designed to the user's requirement, whether should be in-ground or above-ground. Attributed to the rise in awareness regarding health, there has been an increase in the number of gyms equipped with swimming pools. This has given rise to the construction of swimming pools in the last few years. In addition, the rise in tourism has led to the construction of swimming pools in hotels and rented bungalows.

Moreover, the rise in per capita income of the people has raised the standard of living, which, in turn, has escalated the construction of swimming pools in private residences as well. However, the high construction and maintenance costs act as a restraint on the above-ground pools market insights. Swimming pool construction refers to building a water-retaining structure for exercising or performing leisure activities. It involves designing and making pool shells to firm the walls' structure and improve the water tightness. It also includes a basin, lighting system, filter water purification system, gas heater, main drain, pumps and motors, and skimmers. It is primarily prepared using concrete because of its strength, durability, and high abrasion and electrical resistance. Presently, there is a rise in the construction of swimming pools in homes, schools, clubs, and hotels worldwide.

Market Segmentation:

According to the latest above-ground pools market report, the market has been segmented into type, shape, distribution channel and regional analysis. With the type sections, the market is divided into five sections steel pools, aluminum pools, wooden pools, resin pools and hybrid pools. The market is further classified into four sections with the shapes section: round, oval, square and rectangular. According to the distribution channel, the market is classified into store-based and non-store based. On a regional basis, the market is classified into five sections Asia-Pacific, Europe, North America, South America and Middle East & Africa.

Regional Analysis:

North America has been the largest above-ground pools market for swimming pool construction for the past few years. Post the economic slowdown in 2012, the U.S. construction industry is steadily gaining pace with the increasing residential and commercial construction activities. Swimming pool construction in the U.S. is expected to witness steady growth of more than 4%. The Asia Pacific and the Middle East regions are also expected to witness considerable growth in luxurious residential construction, representing a positive outlook for swimming pool manufacturers.

The above-ground pools market trends is driven by the rising number of residential construction projects globally. The continued recovery of the residential construction industry in the U.S., major European countries, China, India and several other countries worldwide is a positive growth factor for the global construction of swimming pools. Attractive amenities in residential complexes draw attention to property buyers who influence builders to include a swimming pool and gym facilities in their projects. Additionally, a growing number of global travelers and a booming tourism industry, supported by increased income and tourism spending, are expected to increase the hotel output. This will further attract investment in the growing hotel industry and is expected to support the construction market's growth for swimming pools.

Industrial News:

The global above-ground pools market is highly fragmented, with many established local players in each region across the globe.

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