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Global Hot Tub Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028
SKU ID : Maia-24334430 | Publishing Date : 19-Jul-2023 | No. of pages : 111
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According to the latest research, the global Hot Tub market size was valued at USD 3511.63 million in 2022 and is expected to expand at a CAGR of 5.49% during the forecast period, reaching USD 4840.39 million by 2028.
The hot tubs are a pool of water used for relaxation. It is also used for hydrotherapy. The hot tub is designed to be used by more than one person at a time. It is usually heated by natural gas or electricity. However, other types of hot tubs such as submersible wood-fired hot tubs and solar hot tubs are also available in the market. Generally, the hot tub is made of wood, cement, stainless steel, and glass fiber. It provides various health benefits. These include relief from stress, minimization of arthritis pain, reduction of diabetic blood sugar levels, and lowering of blood pressure. The increase in disposable income, the increase in health awareness, the change of personal lifestyle and the rapid development of technology are driving global hot tubs Factors of market development.
The impact of COVID-19 on the hot tub market
Due to COVID-19, most people stay in isolation at home, many people cancel their vacations, and people spend more time at home, resulting in a significant increase in hot tub sales. Some families canceled their vacation abroad and used the money they had planned to take a vacation to buy hot tub and enjoy life at home. Due to the sharp increase in sales, hot tubs were in short supply for a while. As the weather gets warmer, some families also rent hot tubs when holding family members birthday parties and other events, which makes the hot tub rental business booming. This factor has brought development opportunities to the hot tub market to a certain extent.
The growth of the hotel spa market
The rapid growth of tourism will create considerable income for hot tub. In the next few years, continued investment in tourism infrastructure, mainly in the Middle East and Asian countries, will also become a growth accelerator for the hotel spa service market. In addition, the global spa service market has also witnessed the launch of new cheap hotel spas, with price policies aimed at potential customers in the middle-income class. This factor has also promoted the development of hot tub in its upstream market.
Problems in the development of mineral water, hot springs and health spas
Regarding the development of the hot spring health industry, some people in the industry pointed out the existing problems and points that need attention: First, the lack of unified planning. There is a lack of a corresponding leading agency for overall planning and management, and there is a lack of unified planning and control in the planning, project approval, and approval process of some health industry projects. As a result, the project layout is fragmented, the degree of relevance is not high, and a complete industrial chain has not been formed. Industry characteristics and competitiveness need to be further improved. The second is the imperfect development of health care resources. Although there are a lot of health and wellness resources, most of them are based on primary development. The third is the large expenditure of starting and maintaining mineral water, hot springs and health spas. These factors may hinder the development of its upstream hot tub market to a certain extent.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
Watkins Manufacturing (Masco Corp) is one of the major players operating in the Hot Tub market, holding a share of 21.11% in 2022.
Watkins Manufacturing (Masco Corp)
Watkins Manufacturing (Masco Corp) manufactures the Endless Pools(R) line of aquatic fitness products, and is also the world's largest manufacturer of hot tubs, including Hot Spring(R) Spas, Hot Spot(R) Spas, Caldera(R) Spas, and the American Hydrotherapy Systems spa brands.
Bullfrog International
Bullfrog International is manufacturers and wholesalers of portable spas and hot tubs and retailer of portable spas. Bullfrog Spas is headquartered in Bluffdale, Utah.
Segmentation Overview:
As for product types, the Above-ground hot tubs segment held the largest market share in 2021.
Above-Ground Hot Tubs
Above-ground hot tubs are probably what come to mind when people think of hot tubs. Rather than being sunken into the ground like a swimming pool, they sit on top of the ground like a large (and bubbly) bathtub. One of the biggest benefits of above-ground hot tubs are their cost and easy installation.
Potable Hot Tubs
Portable hot tubs usually have built-in headrests, lighting options and air nozzles. All products are equipped with temperature adjustment device and automatic air pump. And because they are inflatable, the user can move it at will.
In-ground Hot Tubs
In-ground Hot Tub is a body of water that's built into the ground, very similar to an in-ground pool. Even though people are calling it a hot tub, if it's built into the ground and connected to the pool, it's an in-ground spa, or even a spool (spa and pool).
Application Overview:
By application, the Commercial segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Hot Tub industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hot Tub. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hot Tub Market Report Include:
Market Size Estimates: Hot Tub market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hot Tub market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hot Tub market
Segment Market Analysis: Hot Tub market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hot Tub market situations and prospects in major and top regions and countries
Hot Tub Market
Hot Tub Industry Chain: Hot Tub market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hot Tub Industry News, Policies by regions
Hot Tub Industry Porters Five Forces Analysis
Key players in the global Hot Tub market are covered in Chapter 2:
Watkins Manufacturing (Masco Corp)
Canadian Spa Co.
Nordic Products
Artesian Spas
Bullfrog International
Marquis Corp.
Cal Spas
Jacuzzi Brands LLC
Coast Spas Inc
Blue Falls Manufacturing
In Chapter 6 and Chapter 9, on the basis of types, the Hot Tub market from 2018 to 2028 is primarily split into:
Above-Ground Hot Tubs
Portable Hot Tubs
In-ground Hot Tubs
In Chapter 7 and Chapter 10, on the basis of applications, the Hot Tub market from 2018 to 2028 covers:
Residential Users
Commercial Users
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hot Tub market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hot Tub industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hot Tub market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hot Tub industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hot Tub market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hot Tub market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hot Tub market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
The hot tubs are a pool of water used for relaxation. It is also used for hydrotherapy. The hot tub is designed to be used by more than one person at a time. It is usually heated by natural gas or electricity. However, other types of hot tubs such as submersible wood-fired hot tubs and solar hot tubs are also available in the market. Generally, the hot tub is made of wood, cement, stainless steel, and glass fiber. It provides various health benefits. These include relief from stress, minimization of arthritis pain, reduction of diabetic blood sugar levels, and lowering of blood pressure. The increase in disposable income, the increase in health awareness, the change of personal lifestyle and the rapid development of technology are driving global hot tubs Factors of market development.
The impact of COVID-19 on the hot tub market
Due to COVID-19, most people stay in isolation at home, many people cancel their vacations, and people spend more time at home, resulting in a significant increase in hot tub sales. Some families canceled their vacation abroad and used the money they had planned to take a vacation to buy hot tub and enjoy life at home. Due to the sharp increase in sales, hot tubs were in short supply for a while. As the weather gets warmer, some families also rent hot tubs when holding family members birthday parties and other events, which makes the hot tub rental business booming. This factor has brought development opportunities to the hot tub market to a certain extent.
The growth of the hotel spa market
The rapid growth of tourism will create considerable income for hot tub. In the next few years, continued investment in tourism infrastructure, mainly in the Middle East and Asian countries, will also become a growth accelerator for the hotel spa service market. In addition, the global spa service market has also witnessed the launch of new cheap hotel spas, with price policies aimed at potential customers in the middle-income class. This factor has also promoted the development of hot tub in its upstream market.
Problems in the development of mineral water, hot springs and health spas
Regarding the development of the hot spring health industry, some people in the industry pointed out the existing problems and points that need attention: First, the lack of unified planning. There is a lack of a corresponding leading agency for overall planning and management, and there is a lack of unified planning and control in the planning, project approval, and approval process of some health industry projects. As a result, the project layout is fragmented, the degree of relevance is not high, and a complete industrial chain has not been formed. Industry characteristics and competitiveness need to be further improved. The second is the imperfect development of health care resources. Although there are a lot of health and wellness resources, most of them are based on primary development. The third is the large expenditure of starting and maintaining mineral water, hot springs and health spas. These factors may hinder the development of its upstream hot tub market to a certain extent.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
Watkins Manufacturing (Masco Corp) is one of the major players operating in the Hot Tub market, holding a share of 21.11% in 2022.
Watkins Manufacturing (Masco Corp)
Watkins Manufacturing (Masco Corp) manufactures the Endless Pools(R) line of aquatic fitness products, and is also the world's largest manufacturer of hot tubs, including Hot Spring(R) Spas, Hot Spot(R) Spas, Caldera(R) Spas, and the American Hydrotherapy Systems spa brands.
Bullfrog International
Bullfrog International is manufacturers and wholesalers of portable spas and hot tubs and retailer of portable spas. Bullfrog Spas is headquartered in Bluffdale, Utah.
Segmentation Overview:
As for product types, the Above-ground hot tubs segment held the largest market share in 2021.
Above-Ground Hot Tubs
Above-ground hot tubs are probably what come to mind when people think of hot tubs. Rather than being sunken into the ground like a swimming pool, they sit on top of the ground like a large (and bubbly) bathtub. One of the biggest benefits of above-ground hot tubs are their cost and easy installation.
Potable Hot Tubs
Portable hot tubs usually have built-in headrests, lighting options and air nozzles. All products are equipped with temperature adjustment device and automatic air pump. And because they are inflatable, the user can move it at will.
In-ground Hot Tubs
In-ground Hot Tub is a body of water that's built into the ground, very similar to an in-ground pool. Even though people are calling it a hot tub, if it's built into the ground and connected to the pool, it's an in-ground spa, or even a spool (spa and pool).
Application Overview:
By application, the Commercial segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Hot Tub industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hot Tub. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hot Tub Market Report Include:
Market Size Estimates: Hot Tub market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hot Tub market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hot Tub market
Segment Market Analysis: Hot Tub market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hot Tub market situations and prospects in major and top regions and countries
Hot Tub Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Hot Tub Industry Chain: Hot Tub market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hot Tub Industry News, Policies by regions
Hot Tub Industry Porters Five Forces Analysis
Key players in the global Hot Tub market are covered in Chapter 2:
Watkins Manufacturing (Masco Corp)
Canadian Spa Co.
Nordic Products
Artesian Spas
Bullfrog International
Marquis Corp.
Cal Spas
Jacuzzi Brands LLC
Coast Spas Inc
Blue Falls Manufacturing
In Chapter 6 and Chapter 9, on the basis of types, the Hot Tub market from 2018 to 2028 is primarily split into:
Above-Ground Hot Tubs
Portable Hot Tubs
In-ground Hot Tubs
In Chapter 7 and Chapter 10, on the basis of applications, the Hot Tub market from 2018 to 2028 covers:
Residential Users
Commercial Users
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hot Tub market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hot Tub industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hot Tub market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hot Tub industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hot Tub market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hot Tub market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hot Tub market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
