The global hot tubs market is anticipated to grow at a CAGR of 9.5% during the forecast period (2022-2028).The market growth is majorly attributable to the growing trend of self pampering coupled with the shifting perspective of people towards hygiene and wellness. Further, the introduction of various technological advancements in the existing product ranges and the launch of new hot tubs are also anticipated to accelerate the market growth during the forecast period. For instance, in May 2020, Bullfrog Spas launched an artificial reality experience that enables shoppers to view a 3D hot tub model in their backyard before purchasing. With a simple click, visitors to BullfrogSpas.com can see a Bullfrog Spa in the location of their choice using most modern mobile devices. Further, in May 2019, Lidl declared the launch of four whirlpool hot tubs which have 118 dynamic air jets that massage the body and create 360° all-round bubbles.
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Some key players operating in the market include Artesian Spa, Bullfrog International LC, and Jacuzzi Brands LLC, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in February 2020, Jacuzzi Brands LLC completed the acquisition of both LMI FLA Holdings Inc. and Leisure Manufacturing Inc., which are the makers of the Dream Maker and Sunrise Spas brands and leaders in the global affordable hot tub market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Artesian Spa, Bullfrog International LC, and Jacuzzi Brands LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hot Tubs Market Report by Segment
By Type
- Portable Hot Tubs
- Fixed Hot Tubs
By End-User
- Residential
- Commercial
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