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Above Ground Pools Market Report 2024-2033 - Size, Growth, Trends & Competitive Analysis
Above Ground Pools Market Report
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According to The Business Research Company's, The above ground pools market size has grown strongly in recent years. It will grow from $2.82 billion in 2023 to $2.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increasing affordability and accessibility, advancements in pool materials and technology, rising demand for outdoor recreational activities, growth in do-it-yourself (DIY) home improvement trends, suburbanization, and larger residential lot sizes.
The above ground pools market size is expected to see strong growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing focus on home-based leisure, technological innovations in pool maintenance, the rising popularity of eco-friendly pool options, the growing influence of social media on outdoor living trends, and expanding urban gardening and outdoor spaces. Major trends in the forecast period include smart pool monitoring systems, energy-efficient pool pumps and heaters, advanced filtration and sanitation technologies, integrated lighting and water features, and eco-friendly and sustainable pool materials.
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Market Drivers and Trends:
The increasing number of home remodeling projects are expected to propel the growth of the above-ground pool market going forward. Home remodeling refers to the process of renovating, improving, or updating the structure, design, or functionality of an existing residential building. Increasing home remodeling is driven by the rise in remote work, which has heightened the need for functional home spaces, and by elevated home equity, enabling more homeowners to afford renovations. Incorporating an above-ground pool in home remodeling adds outdoor recreational space and enhances property aesthetics, providing a cost-effective alternative to in-ground pools. For instance, in January 2023, according to the Joint Center for Housing Centers (JCHS) of Harvard University, a US-based institutional organization, national spending for remodeling and repairs will reach $485 billion in 2023 from $406 billion in 2021. Therefore, an increasing number of home remodeling projects is driving the growth of the above ground pool market.
Major companies operating in the above-ground pool market are increasing their focus on developing innovative solutions, such as pools with IoT capability, to gain a competitive edge in the market. IoT capabilities for pools incorporate sensors and connectivity to enable remote monitoring of water quality, temperature adjustments, and automated maintenance scheduling, enhancing convenience and efficiency for pool owners. For instance, in February 2023, SEKO Spa, an Italy-based manufacturer of pumps and dosing systems, introduced SekoLink and SekoWeb, leveraging IoT capabilities to revolutionize swimming pool management. SekoLink is a mobile app compatible with SEKO's swimming pool dosing systems, such as PoolDose. It allows users to remotely control chemical dosing, monitor pool temperature, and health in real-time, and receive alerts for low chemical levels, ensuring easier maintenance and enhanced water quality management. SekoWeb is an online portal designed for professional pool and spa management. It enables technicians to remotely monitor and adjust pool parameters from any location using a QR code scan or online login.
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Major Key Players of the Market:
Bestway Inflatables and Material Corp., Blue Cascade, TRIGANO S.A., Fluidra SA, BWT Pool Products GmbH, Mountfield AS, Intex Recreation Corp., Narellan Pools, Namco Pools, Blue Wave Products, Atlantis Pools, Doughboy Pools, CF Group, Splash Superpools, Pool Tech, Aqua Leader, Cornelius Pools, Endless Pools's, Wilbar Group, Swimline
Above Ground Pools Market 2024 Key Insights:
• The above ground pools market size is expected to see strong growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Increasing Home Remodeling Boosts Above-Ground Pool Market Growth
• Innovation And IoT Integration In The Above-Ground Pool Market
• North America was the largest region in the above ground pools market in 2023
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