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The Cold Plunge Tub Market size is estimated to grow by USD 90 million at a CAGR of 4.5% between 2022 and 2027. The growth of the market depends on several factors such as the growing focus on health and wellness, the growing urbanization rate, and the growing demand for these from the sports and fitness industry.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their strategies to gain a competitive advantage.
The growing focus on health and wellness is driving growth in the market. The main factor driving the demand is an increasing focus on health and well-being. The appeal of hydrotherapy becomes more prominent as people place more value on holistic health and self-care.
Moreover, the change in customers' perspective is reflected by an increasing tendency for the inclusion of cold baths at both business and residential wellness facilities. As a result, the fusion of health consciousness and the attractiveness of hydrotherapy is expected to drive the growth of the global market during the forecast period.
The increasing interest in creating luxurious home spa environments is a key trend in the market. The trend towards the construction of luxury residential spas is creating a global market for cold plunge pools. There is a rising demand for small, visually beautiful cold plunge tubs designed specifically for residential settings as people seek out improved relaxation and wellness experiences in the convenience of their own homes.
However, more importance is given to aesthetic considerations complementing interior aesthetics, ensuring compact designs maximize space utilization, and seamlessly fusing functionality and decor. As a result, the market is becoming more focused on providing high-end in-home hydrotherapy solutions, with manufacturers focusing on stylish, individualized alternatives that appeal to homeowners' discriminating tastes. This is expected to drive the growth of the market in focus during the forecast period.
The high initial investment associated with cold plunge tubs is a major challenge. A serious challenge for the global market is the excessive initial associated with a cold plunge tub. Potential purchasers are deterred from adopting this therapy by this financial barrier, particularly in cost-sensitive markets.
Moreover, the expensive up-front costs include not only the cost of the tub itself but also those associated with installation, potential structural alterations, and ongoing maintenance costs. In areas with a high incidence of budgetary constraints, this challenge is particularly severe, making these only available to a select group of customers and enterprises. This is expected to hinder the growth in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence.
Arctic Cold Tubs- The company offers 1 4HP active aqua chiller, 1HP active aqua chiller, and 1HP eco plus chiller.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The in-ground cold plunge tubs segment is estimated to witness significant growth during the forecast period. In-ground cold plunge tubs are positioned as a major product type in the global market due to their robust demand. These inground bathrooms offer an opulent and seamless integration with a wide variety of locations, such as spa resorts, upmarket homes, and wellness centers.
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The in-ground cold plunge tubs segment was the largest segment and was valued at USD 205.19 million in 2017. In-ground cold plunge baths have become a popular and desired option on the international market the increasing demand and desire of consumers have led to this. Few factors implicate the increase in growth of the in-ground cold plunge tubs, which, in turn, will drive the growth of the market in focus during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for wellness and hydrotherapy products is increasing, which is encouraging for the North American market. With new companies like NordicWvae acquiring traction, competition in the regional market is also increasing. The popularity of health-conscious lifestyles and the inclusion of spa services in opulent resorts both contribute to the market's expansion. However, the dynamics of the market are affected by issues like changing raw material prices and regulatory matters. Overall, the market for cold plunge tubs in North America exhibits a mix of well-established players and innovative newcomers, driven by an increased emphasis on health and relaxation. Such factors will increase the market growth in this region during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market caters to the growing demand for Wellness amenities and Recovery therapy in health and fitness facilities. These tubs offer Temperature therapy and Immersion baths for Athletic recovery and Hydrotherapy benefits.
As part of Spa installations, cold plunge tubs provide Therapeutic soaking and enhance Spa design for a holistic wellness experience. They are used in Hydrotherapy experiences and Hydrotherapy sessions to promote relaxation and recovery. The market is driven by the increasing popularity of Wellness tourism and the benefits of Immersion therapy and Aquatic therapy. They play a crucial role in offering Relaxation techniques and aiding in post-workout recovery, making them essential in health and wellness facilities.
Cold Plunge Tub Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2023-2027 |
USD 90 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.12 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key countries |
US, Japan, Germany, France, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arctic Cold Tubs, Brass Monkey Health LTD, Cold Tribe Wellness, COLDTUB, Diamond Spas Inc., Edge Theory Labs Inc., Ice Barrel Inc., Icepodcompany LLC, iCool Australia Pty Ltd, INERGIZE HEALTH, NordicWave, Odin Ice Baths USA, PLUNGE, Polar Monkeys, Red Rock Outdoors Co., RENU Therapy, Sun Home Saunas, and Water Therapy UK Ltd |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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