Market Overview:
The global hot tub market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as increasing disposable income, growing awareness about health benefits of using hot tubs, and rising demand for luxury products. The above-ground hot tub segment is expected to dominate the global hot tub market during the forecast period 2018-2030. This can be attributed to their low installation cost and easy installation process as compared to in-ground hot tubs. However, the in-ground hot tub segment is projected to grow at a higher CAGR than other segments during the forecast period owing to their high installation cost and luxurious features offered by them.
Product Definition:
A hot tub is a large, often round, container filled with hot water and used for relaxation or therapeutic purposes.
Above-Ground Hot Tubs:
ABHOT TUBS are used for therapeutic purposes and can be considered as a type of above-ground pool. The major difference between an ABHOT TUBE and a regular above-ground pool is the temperature of water in an ABHOT TUBE is always warm (not hot).
Portable Hot Tubs:
Portable hot tubs are small watercraft used for relaxation and leisure purposes in bathing or swimming. These are available in electric as well as non-electric variants, with capacities ranging from 1 to 5 people. Portable hot tubs can be considered as one of the most trending products in the market owing to its features such as durability, easy portability, and cost effectiveness among others. The growing trend of outdoor recreational activities including swimming is expected to drive demand over the forecast period.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017. The growing number of hotels, spas and resorts is expected to be a key factor for segment growth over the forecast period. Increasing spending on leisure activities by the middle-class population in China, India and Southeast Asia is projected to further fuel demand from 2018 to 2030.
Hot tubs are installed at various public places such as shopping malls, airports, railway stations and government offices among others.
Regional Analysis:
North America dominated the global hot tub market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for spa products in U.S and Canada on account of rising health consciousness among consumers coupled with an increase in disposable income and improved standard of living resulting from high economic growth rate. Furthermore, presence of key players such as Intex Corporation; La-Z-Boy Inc.; and Coleman Company has resulted in high product penetration which will drive the regional market further.
Growth Factors:
- Increasing disposable income of the population: The growth in disposable income of the population is one of the key drivers for the hot tub market. This is because with an increase in disposable income, consumers are able to afford luxury items such as a hot tub.
- Rising popularity of wellness and spa culture: The rising popularity of wellness and spa culture is another key driver for the hot tub market. This is because people are becoming more aware about the benefits of relaxation and stress relief, which can be achieved through using a hot tub.
- Growing demand for home leisure products: The growing demand for home leisure products is another key driver for the hot tub market. This is because people are increasingly spending time at home, and want to have access to products that can help them relax and enjoy their time at home.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Tub Market Research Report
By Type
Above-Ground Hot Tubs, Portable Hot Tubs, In-Ground Hot Tubs
By Application
Residential, Commercial
By Companies
Bullfrog Spas, Canadian Spa Company, Jacuzzi, Artesian Spas, Blue Falls Manufacturing, Cal Spas, CalderaSpas, Coast Spas, Nordic Products, MARQUIS, Bullfrog Spas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Hot Tub Market Report Segments:
The global Hot Tub market is segmented on the basis of:
Types
Above-Ground Hot Tubs, Portable Hot Tubs, In-Ground Hot Tubs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bullfrog Spas
- Canadian Spa Company
- Jacuzzi
- Artesian Spas
- Blue Falls Manufacturing
- Cal Spas
- CalderaSpas
- Coast Spas
- Nordic Products
- MARQUIS
- Bullfrog Spas
Highlights of The Hot Tub Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Above-Ground Hot Tubs
- Portable Hot Tubs
- In-Ground Hot Tubs
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hot tub is a water-filled container that is used for relaxation and enjoyment.
Some of the key players operating in the hot tub market are Bullfrog Spas, Canadian Spa Company, Jacuzzi, Artesian Spas, Blue Falls Manufacturing, Cal Spas, CalderaSpas, Coast Spas, Nordic Products, MARQUIS, Bullfrog Spas.
The hot tub market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Tub Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hot Tub Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Tub Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hot Tub Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hot Tub Market Size & Forecast, 2018-2028
4.5.1 Hot Tub Market Size and Y-o-Y Growth
4.5.2 Hot Tub Market Absolute $ Opportunity
Chapter 5 Global Hot Tub Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hot Tub Market Size Forecast by Type
5.2.1 Above-Ground Hot Tubs
5.2.2 Portable Hot Tubs
5.2.3 In-Ground Hot Tubs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hot Tub Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hot Tub Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Tub Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Tub Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hot Tub Analysis and Forecast
9.1 Introduction
9.2 North America Hot Tub Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hot Tub Market Size Forecast by Type
9.6.1 Above-Ground Hot Tubs
9.6.2 Portable Hot Tubs
9.6.3 In-Ground Hot Tubs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hot Tub Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hot Tub Analysis and Forecast
10.1 Introduction
10.2 Europe Hot Tub Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hot Tub Market Size Forecast by Type
10.6.1 Above-Ground Hot Tubs
10.6.2 Portable Hot Tubs
10.6.3 In-Ground Hot Tubs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hot Tub Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hot Tub Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hot Tub Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hot Tub Market Size Forecast by Type
11.6.1 Above-Ground Hot Tubs
11.6.2 Portable Hot Tubs
11.6.3 In-Ground Hot Tubs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hot Tub Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hot Tub Analysis and Forecast
12.1 Introduction
12.2 Latin America Hot Tub Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hot Tub Market Size Forecast by Type
12.6.1 Above-Ground Hot Tubs
12.6.2 Portable Hot Tubs
12.6.3 In-Ground Hot Tubs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hot Tub Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hot Tub Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hot Tub Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hot Tub Market Size Forecast by Type
13.6.1 Above-Ground Hot Tubs
13.6.2 Portable Hot Tubs
13.6.3 In-Ground Hot Tubs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hot Tub Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Tub Market: Competitive Dashboard
14.2 Global Hot Tub Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bullfrog Spas
14.3.2 Canadian Spa Company
14.3.3 Jacuzzi
14.3.4 Artesian Spas
14.3.5 Blue Falls Manufacturing
14.3.6 Cal Spas
14.3.7 CalderaSpas
14.3.8 Coast Spas
14.3.9 Nordic Products
14.3.10 MARQUIS
14.3.11 Bullfrog Spas
