Enjoy complimentary customisation on priority with our Enterprise License!
The hot tub covers market size is estimated to grow at a CAGR of 5.18% between 2022 and 2027. The market size is forecast to increase by USD 76.14 million. The growth of the market depends on several factors, including an increasing number of luxury spa hotels and resorts, a growing focus on wellness and hydrotherapy, and rising demand for energy-efficient hot tub covers.
This hot tub covers market report extensively covers market segmentation by end-user (residential and commercial), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The growing focus on wellness and hydrotherapy is notably driving the market growth, although factors such as compatibility with hot tub design may impede the market growth. 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 marketing strategies to gain a competitive advantage.
The growing focus on wellness and hydrotherapy is the key factor driving the growth of the global hot tub covers market. Hot tubs are widely used for their therapeutic benefits and stress-reducing effects. The growing interest in wellness and hydrotherapy has increased the demand for hot tub covers that can provide optimal relaxation and rejuvenating benefits. Covers play a crucial role in maintaining the water quality, hygiene, and safety of the tub for long-term use. Hot tubs are not just for relaxation and entertainment. They are increasingly used for therapeutic purposes. The hot water and jets of a hot tub offer many benefits, from pain relief to improved circulation to stress relief.
Some of the ways in which hot tubs are being used for therapeutic purposes such as Pain relief, Improved blood circulation, and better sleep. A rising number of wellness centers and an increasing focus on hydrotherapy will increase the demand for hot tubs, which in turn will drive the demand for hot tub covers to protect water from debris and other contaminants. Therefore, such a factor will boost the growth of the global hot tub cover market during the forecast period.
The growing use of smart hot tub covers is the primary trend influencing the global hot tub covers market growth. Smart hot tub covers are the new trend in the global hot tub cover market. These covers are designed to integrate with smart home technology, allowing the homeowner to control the hot tub cover using a mobile app or voice commands. Smart hot tub covers can be programmed to automatically open and close based on temperature and weather conditions, making it easier for homeowners to manage their hot tubs without having to manually adjust the cover. There are a few key vendors operating in the market that offer smart hot tub covers, such as automated covers. Moreover, the automatic hot tub covers offer convenience, elegance, and safety due to their unobtrusive design. Some smart hot tub covers even come with sensors that can detect when someone falls into the hot tub.
Another benefit of smart hot tub covers is that they can help improve energy efficiency. By using sensors to monitor temperature and weather conditions, smart hot tub covers can automatically adjust the cover to maintain the desired hot tub temperature, reducing the need for energy-intensive heating and cooling systems. Thus, as more homeowners are adopting smart home technologies, the demand for smart hot tub covers is expected to grow, which in turn will drive the growth of the global hot tub covers market during the forecast period.
Compatibility with hot tub design is a major challenge to the growth of the global hot tub covers market. Hot tub design compatibility can be a challenge for the global hot tub cover market. Different hot tub designs and shapes require different types of hot tub covers. Also, not all hot tub covers work with all hot tub designs. For example, a rectangular hot tub may suit a heavy-duty automatic hot tub cover, while a free-form hot tub may require a more flexible or custom hot tub cover. In some cases, it may be necessary to modify or adjust the hot tub cover to suit your hot tub design.
To address this issue, manufacturers must provide guidance and support to customers on how to modify or adapt their hot tub covers to fit their hot tub design. Ultimately, addressing compatibility with hot tub design requires a deep understanding of the different types of hot tub designs and the unique needs of each customer. Thus, compatibility with hot tub design can become a major challenge for the growth of the global hot tub covers market during the forecast period.
The 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 Hot Tub Covers Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Artesian Spa Cover: The company offers hot tub covers such as square, rectangular, and one cut corner. Also, the company offers spa and hot tub covers.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the residential segment will be significant during the forecast period. One of the significant drivers in the residential hot tub covers segment is energy savings. Insulated hot tub covers help prevent heat loss while hot tubs are not in use, which helps reduce energy consumption and save money on energy bills. Modern hot tub covers are made with energy-efficient materials and multi-layered insulation to further reduce heat loss.
Get a glance at the market contribution of various segments View the PDF Sample
The residential segment was valued at USD 187.64 million in 2017 and continued to grow until 2021. In recent years, the demand for hot water bottle covers in residential areas has increased. Homeowners recognize the importance of hot tub covers as they not only provide insulation but also protect against dirt, bacteria, and other elements that can shorten the life of your hot tub. Several factors, such as energy saving, comfort, and safety, have increased the demand for residential hot tub covers.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 56% 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 Canadian hot tub cover market is growing due to the increasing demand for energy-efficient covers that reduce maintenance costs. With a focus on durability, insulation, and customization, Canadian hot tub suppliers offer a wide range of options to meet consumer needs. Also, the demand for hot tub covers is increasing in Mexico due to the growing number of people investing in hot tubs for personal and commercial use.
Moreover, the growing demand for home spas and wellness products is expected to drive the growth of the regional market during the forecast period. Many consumers are looking for ways to create a relaxing, spa-like atmosphere in their homes, and hot tubs are a popular choice. As a result, the demand for hot tubs is expected to increase, which will boost the growth of the regional hot tub covers market during the forecast period.
COVID-19 in 2020 severely affected the growth of the hot tub covers market across North America. However, in 2021, following the initiation of large-scale COVID-19 vaccination drives and the gradual decline in the number of COVID-19 cases, the lockdowns were lifted, leading to the reopening of factories, industries, and manufacturing units. Moreover, operations in the end-user industries, such as hotels, resorts, and spas, also resumed, which increased the demand for hot tub covers from these industries. Additionally, the growing demand for hot tubs from households in the region and the development of innovative hot tub covers, such as insulated covers, are expected to drive the growth of the regional hot tub covers market during the forecast period.
The hot tub covers 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.
Technavio categorizes the global hot tub covers market as a part of the global housewares and specialties market (specialties are small household products) within the global household durables market. The parent market, the global housewares and specialties market, covers a variety of product categories, including cookware, bakeware, tableware, kitchen electrics, and kitchen tools and accessories. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Hot Tub Covers Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market growth 2023-2027 |
USD 76.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.65 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 56% |
Key countries |
US, Canada, France, Spain, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Artesian Spa Cover, Beachcomber Hot Tubs, Canada Hot Tub Covers, Canadian Spa Co. Ltd., Cedar Mountain Spa Covers, Core Covers, Coverstore, Diverse Designs Ltd. LLC, Florida Spa Covers, MySpaCover, Northern Hot tub Covers, Pool Covers Inc., Prestige Spa Covers, Saturn Spas, Selective Covers, Spa Cover Inc., The Cover Guy, Twin Star International Inc., Watkins Wellness, and Wellisspa |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.