Market Overview:
The global wood-fired hot tub market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for luxury and relaxation, rising disposable income, and growing awareness about health benefits of using wood-fired hot tubs. The global wood-fired hot tub market is segmented on the basis of type into internal heater and external heater. The internal heater segment is expected to account for a larger share of the market in 2018 owing to its low installation cost and easy installation process. However, the external heater segment is projected to grow at a higher CAGR during the forecast period due its ability to heat up water quickly. On the basis of application, the global wood-fired hot tub market can be divided into home use and commercial use segments. The home use segment accounted for a larger share of the overall market in 2017 due high demand from residential users across all regions studied in this research study.
Product Definition:
A wood-fired hot tub is a type of hot tub that uses wood as its primary heating source. Wood-fired hot tubs are popular among people who want to reduce their environmental impact, as they do not require electricity or natural gas to operate.
Internal Heater:
An internal heater is a device used to heat water for bathing in. It is usually found inside the wood-fired hot tubs and uses thermal energy from the fire to warm water. Internal heaters provide an added benefit of helping maintain constant temperature levels within the tub, which ensures that there are no cold spots. They also help eliminate wrinkles in towels by keeping towels warm throughout your session, thereby ensuring that they are ready to be dried immediately after use.
External Heater:
External heater is a device used to heat the water in bath tub. It works by burning fuel such as wood chips, pellets or oil. The heat produced by external heater is transferred through the tub via convection and conduction methods.
External Heater Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Region (North America, Europe), And Segment Forecasts, 2019 - 2025 -> The global external heater.
Application Insights:
The home application segment accounted for the largest share of over 70.0% in 2017 and is expected to witness significant growth owing to increasing urbanization, which has resulted in an increased number of residential construction projects. Furthermore, rising disposable income levels coupled with a growing preference for using natural healing therapies at home are projected to drive the demand for wood-fired hot tubs at homes across various regions globally.
Commercial applications include spas and wellness centers that offer various services such as saunas, steam rooms and relaxation areas along with wood-fired hot tubs as one of their amenities. Increasing spending on health & hygiene by consumers is likely to promote the adoption of spa facilities including wood-fired hot tubs over the forecast period thereby fueling market growth.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to increasing awareness regarding health, fitness, and relaxation associated with using a hot tub. Moreover, presence of key manufacturers in this region has led to increased product availability and innovation. Europe also held a significant share of the global industry due to high demand for natural mineral water as an alternative to bottled gas or electricity-powered hot tubs. Asia Pacific is expected to witness substantial growth over the forecast period owing its large population base looking for affordable spa services at home or hotels/resorts along with commercial establishments such as restaurants and spas/hotels looking for cost-effective solutions for maintaining hygiene standards while providing customer satisfaction.
Growth Factors:
- Increasing demand for eco-friendly products: The wood-fired hot tub market is expected to grow at a high rate in the coming years, owing to the increasing demand for eco-friendly products.
- Rising disposable income of consumers: The growth of the wood-fired hot tub market is also attributed to the rising disposable income of consumers, which allows them to spend on luxury items such as these.
- Growing popularity of wellness tourism: Wellness tourism is gaining popularity across the globe, and this is expected to drive the growth of the wood-fired hot tub market in future.
- Technological advancements: With technological advancements, new and innovative designs are being introduced in wood-fired hot tubs that are attracting a large number of consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood-fired Hot Tub Market Research Report
By Type
Internal Heater, External Heater
By Application
Home, Commercial
By Companies
Sskargards, Kirami UK, Northern Lights, Alumitubs, Maine Cedar Hot Tubs, Kolkol Wood-Fired Hot Tubs, Timberin, Stoked
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Wood-fired Hot Tub Market Report Segments:
The global Wood-fired Hot Tub market is segmented on the basis of:
Types
Internal Heater, External Heater
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
Home, 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:
- Sskargards
- Kirami UK
- Northern Lights
- Alumitubs
- Maine Cedar Hot Tubs
- Kolkol Wood-Fired Hot Tubs
- Timberin
- Stoked
Highlights of The Wood-fired 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:
- Internal Heater
- External Heater
- By Application:
- Home
- 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 Wood-fired 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 wood-fired hot tub is a spa that uses the heat of burning logs or other hardwood to create a therapeutic environment. The logs are set on an open fire, and the intense heat creates an inviting atmosphere for soaking in the tub.
Some of the key players operating in the wood-fired hot tub market are Sskargards, Kirami UK, Northern Lights, Alumitubs, Maine Cedar Hot Tubs, Kolkol Wood-Fired Hot Tubs, Timberin, Stoked.
The wood-fired 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 Wood-fired 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 Wood-fired Hot Tub Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood-fired 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 Wood-fired 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 Wood-fired Hot Tub Market Size & Forecast, 2020-2028
4.5.1 Wood-fired Hot Tub Market Size and Y-o-Y Growth
4.5.2 Wood-fired Hot Tub Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Internal Heater
5.2.2 External Heater
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Home
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood-fired 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 Wood-fired 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Internal Heater
9.6.2 External Heater
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 Market Size Forecast by Applications
9.10.1 Home
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Internal Heater
10.6.2 External Heater
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 Market Size Forecast by Applications
10.10.1 Home
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Internal Heater
11.6.2 External Heater
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 Market Size Forecast by Applications
11.10.1 Home
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Internal Heater
12.6.2 External Heater
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 Market Size Forecast by Applications
12.10.1 Home
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Internal Heater
13.6.2 External Heater
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) Market Size Forecast by Applications
13.10.1 Home
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 Wood-fired Hot Tub Market: Competitive Dashboard
14.2 Global Wood-fired Hot Tub Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sskargards
14.3.2 Kirami UK
14.3.3 Northern Lights
14.3.4 Alumitubs
14.3.5 Maine Cedar Hot Tubs
14.3.6 Kolkol Wood-Fired Hot Tubs
14.3.7 Timberin
14.3.8 Stoked
