The Global Hot Tub Market size is projected to grow at a CAGR of 6.7% during the forecast period, to reach USD XX.X Billion by 2028. The growth of this market is fueled by the rapid adoption of new technologies in residential and commercial areas for relaxation purposes, increasing disposable income levels among the population, expanding leisure facilities across the world, and growing demand for wellness activities. North America dominates the global hot tub market with more than 47% share in 2018; while the Asia Pacific has the fastest growth rate due to high disposable incomes and increasing awareness about spa treatments in China, Japan, and India.
A hot tub serves as a small size swimming pool that serves for both commercial and residential purposes. In addition, it is not necessary to have an in-ground installation for the placement of a hot tub as they can also be installed above ground. The main purpose of having this product would be relaxation due to its soothing effects on muscles and the body overall. There are many benefits to owning a hot tub. They provide relaxation, pain relief, and much more. There are many different types of hot tubs to choose from and every hot tub has its own benefits.
A hot tub is a type of spa which uses either direct or indirect heating to raise the temperature of its water above ambient air temperature, and thus distinguish it from a swimming pool (whose purpose is usually more focused on recreation than therapy). The hot tub can be used for relaxation with friends or family members in pleasant surroundings. It may also come with features such as adjustable jet systems that provide many different types of massages and hydrotherapy treatments while the user lies inside relaxing slowly immersed under bubbling thermal waters. Some modern hot tubs are equipped with peripherals like wireless stereo systems and Bluetooth connectivity so users can listen to music using their smart mobile devices through speakers installed underwater fitted directly into jets' valves.
On the basis of Type, the global hot tub market is segmented into above-ground hot tubs, portable hot tubs, and in-ground hot tubs.
An above-ground hot tub is a portable spa that sits on the ground. An important difference between an in-ground or built-in hot tub and an above-ground one is their designs. Above-Ground Hot Tubs are often made of plastic. Above-ground hot tubs come with a lot of features such as massaging jets, therapeutic massage bubbles, and waterfalls which provide relaxation like no other. Above-ground hot tubs are easy to install and use. These spas come in several different sizes, which means they can accommodate most budgets. Above-ground models also tend to be less expensive than other types of hot tubs on the market, making them ideal for people who want a spa without having to make too big of an investment.
A portable hot tub is a specially designed inflatable pool that comes with heating elements and a water filtration system. It has the capacity of holding more than four people at once, depending on its size. There are different types available in the market based on where they are meant to be used, whether indoors or outdoors. Due to their lightweight, they are easy to move around the yard or into storage. They also come with insulated covers that can protect them from harsh weather conditions and animals (like dogs). A portable hot tub is a consumer product intended for personal in-home use. It can be used in any indoor space, but it has been designed to provide the benefits of hydrotherapy and relaxation when not near a water source or power supply.
An in-ground hot tub is a type of spa designed to be installed below ground level. They are usually placed on top of special tiles and filled with water from the property's main supply system, instead of using their own gas or electric heaters like smaller spas do. In addition to requiring plumbing hookups, they also require construction work such as excavating an area for the tub and surrounding decking if one does not already exist at that location.
On the basis of Application, the global hot tub market is segmented into Residential Users and Commercial Users.
The applications of hot tubs for residential users are numerous. For example, they may be used to relax after a hard day’s work or simply when one wishes to enjoy the warmth and comfort provided by the jets in the backyard. The commercial users of hot tubs include health clubs, spas, resorts, and hotels. Hotels utilize spa services for their guests to relax in the wellness area after a long day exploring the surroundings which is part of an important aspect that they focus on when developing their offers at tourism destinations.
On the basis of Region, the global hot tub market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: The U.S., Canada, and Mexico are included in this region with all their key players concentrating on innovation for product development along with better marketing strategies to increase sales volume across these geographies. Furthermore, the increasing construction industry coupled with rising disposable income levels among consumers drives growth in this region over the forecast period.
Europe: Germany has emerged as a strong regional market for hot tubs due to higher standards of living which lead to increased demand from residential users followed by other countries such as Italy and France which have also registered high penetration rates during 2017 in the region.
Asia Pacific: China contributes to maximum market share in terms of revenue in this region due to high demand for hot tubs from residential users coupled with rising disposable income levels which lead towards increased spending on these items among consumers over the forecast period. The other major countries that are expected to register significant growth include India, Japan, and Australia owing to the increasing construction industry along with improving standards of living among the middle-class population during 2017 & 2028 respectively. Latin America presents opportunities for manufacturers given the growing number of adoptions by the commercial sector over the coming years.
* The increase in the number of health clubs and spas.
* A surge in demand for weight loss, muscle relaxation, pain relief, and stress management.
* The growing awareness of the importance of wellness.
* The increase in disposable income.
* The launch of new products.
Up Market Research published a new report titled “Hot Tub Market research report which is segmented by Types (Above-Ground Hot Tubs, Potable Hot Tubs, In-Ground Hot Tubs), By Applications (Residential Users, Commercial Users), By Players/Companies Bullfrog Spas, Canadian Spa Company, Jacuzzi, Artesian Spas, Blue Falls Manufacturing, Cal Spas, CalderaSpas, Coast Spas, Nordic Products, MARQUIS, Premium Leisure”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Hot Tub Market Research Report |
By Type | Above-Ground Hot Tubs, Potable Hot Tubs, In-Ground Hot Tubs |
By Application | Residential Users, Commercial Users |
By Companies | Bullfrog Spas, Canadian Spa Company, Jacuzzi, Artesian Spas, Blue Falls Manufacturing, Cal Spas, CalderaSpas, Coast Spas, Nordic Products, MARQUIS, Premium Leisure |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 239 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Above-Ground Hot Tubs, Potable Hot Tubs, In-Ground Hot Tubs and By Application Residential Users, Commercial Users.
Some of the companies that are profiled in this report are:
Hot Tub Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Hot Tub Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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