Hot Tub Market by Product, End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43040
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The hot tub market has the potential to grow by $ 1.30 bn during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9%.

This hot tub market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Product (Above-ground hot tubs, Portable hot tubs, and In-ground hot tubs), End-user (Residential users and Commercial users), Distribution Channel (Offline distribution channel and Online distribution channel), and Geography (Europe, North America, APAC, South America, and MEA). The hot tub market report also offers information on several market vendors, including Artesian Spas, Blue Falls Manufacturing, Bullfrog International LC, Cal Spas, Canadian Spa Co., Coast Spas Inc., HydroTher Commercial spa and Wellness Equipment, Jacuzzi Brands LLC, Marquis Corp., and Watkins Wellness among others.

What will the Hot Tub Market Size be in 2021?

Hot-Tub-Market-Market-Size-2020-2025

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Hot Tub Market: Key Drivers and Trends

Based on our research output, there has been a NEGATIVE impact on the market growth during and post COVID-19 era. The product innovation to improve the features of hot tubs is notably driving the hot tub market growth, although factors such as high complications in logistics and supply chain operations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hot tub market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This hot tub market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Hot Tub Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Artesian Spas
  • Blue Falls Manufacturing
  • Bullfrog International LC
  • Cal Spas
  • Canadian Spa Co.
  • Coast Spas Inc.
  • HydroTher Commercial spa and Wellness Equipment
  • Jacuzzi Brands LLC
  • Marquis Corp.
  • Watkins Wellness

The vendor landscape of the hot tub market entails successful business strategies deployed by the vendors. The hot tub market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the hot tub market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Hot Tub Market?

Hot-Tub-Market-Market-Share-by-Region-2020-2025

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42% of the market’s growth will originate from Europe during the forecast period. US, Germany, Japan, France, UK, and China are the key markets for hot tub market in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. hot tubs: An in-home spa for health and wellness benefits will facilitate the hot tub market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Hot Tub Market?

Hot-Tub-Market-Market-Share-by-Product-2020-2025

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The hot tub market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hot tub market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Hot Tub Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 1.30 billion

Market structure

Fragmented

YoY growth (%)

8.80

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 42%

Key consumer countries

US, Germany, Japan, France, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Artesian Spas, Blue Falls Manufacturing, Bullfrog International LC, Cal Spas, Canadian Spa Co., Coast Spas Inc., HydroTher Commercial spa and Wellness Equipment, Jacuzzi Brands LLC, Marquis Corp., and Watkins Wellness

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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What are the Key Factors Covered in this Hot Tub Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hot tub market growth during the next five years
  • Precise estimation of the hot tub market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hot tub market across Europe, North America, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hot tub market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces analysis 2020 & 2025
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Above-ground hot tubs - Market size and forecast 2020-2025
  • Portable hot tubs - Market size and forecast 2020-2025
  • In-ground hot tubs - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Residential users - Market size and forecast 2020-2025
  • Commercial users - Market size and forecast 2020-2025
  • Market opportunity by End-user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline distribution channel - Market size and forecast 2020-2025
  • Online distribution channel - Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Artesian Spas
  • Blue Falls Manufacturing
  • Bullfrog International LC
  • Cal Spas
  • Canadian Spa Co.
  • Coast Spas Inc.
  • HydroTher Commercial spa and Wellness Equipment
  • Jacuzzi Brands LLC
  • Marquis Corp.
  • Watkins Wellness

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hot tub market growth will increase by $739.54 million during 2019-2024.
The hot tub market is expected to grow at a CAGR of 4.63% during 2019-2024.
Technavio has segmented the hot tub market by product (Above-ground hot tubs, Portable hot tubs, and In-ground hot tubs) ,end user (Residential users and Commercial users) , and distribution channel (Offline distribution channel and Online distribution channel).
Artesian Spas, Blue Falls Manufacturing, Bullfrog International LC, Cal Spas, Canadian Spa Co., Coast Spas Inc., Jacuzzi Brands LLC, Marquis Corp., Masco Corp., Watkins Manufacturing are a few of the key vendors in the hot tub market.
Europe will register the highest growth rate of 36.40% among the other regions. Therefore, the hot tub market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • Japan
  • France
  • UK
  • China
The key factors driving the hot tub market growth are:
  • Product innovation to improve the features of hot tubs
The hot tub market vendors should focus on grabbing business opportunities from the above-ground hot tubs segment as it accounted for the largest market share in the base year.
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