PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570544
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570544
North America Hot Tub Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global North America Hot Tub Market was valued at USD 554.5 million in 2023, with projections estimating a growth rate of 4.1% CAGR from 2024 to 2032. The hot tub industry is undergoing a transformation, largely fueled by heightened emphasis on health, wellness, and luxury. Beyond mere leisure, hot tubs are gaining traction for their therapeutic advantages. Features like hydrotherapy jets cater to those seeking muscle relaxation, while aromatherapy options elevate the overall sensory experience.
The overall North America hot tub industry is categorized based on type, shape, capacity, price range, end use, distribution channel, and country.
The fixed hot tubs segment led the market with a valuation of USD 375.5 million in 2023 and is projected to grow at a CAGR of 4% during the forecast period. Constructed from premium materials to withstand harsh weather, fixed hot tubs, be it above-ground or in-ground, boasts durability and strength. They not only enhance outdoor aesthetics but, with in-ground models seamlessly integrate into landscaping as they present a cohesive visual appeal, marking them as a wise long-term investment for homeowners.
Mid-range hot tubs, commanding a market value of USD 328.8 million in 2023, are on track to hit USD 471.3 million by 2032. Striking a balance between affordability and quality, these hot tubs offer robust features and durability without the steep price tag of luxury counterparts. This balance makes them appealing to a diverse clientele, ensuring a satisfying experience that meets varied needs and budgets.
The U.S. hot tub market was valued at USD 419.3 million in 2023. The U.S. sees a rising trend in hot tub adoption, driven by a strong focus on health and wellness and a robust disposable income. With a relatively affluent populace, many views hot tubs not just as luxury items, but as essential components for personal relaxation and well-being. Moreover, the therapeutic benefits of hot tubs are widely recognized. They serve as a sanctuary for unwinding after a long day, promoting muscle relaxation and alleviating tension. Given their alignment with health-conscious lifestyles, hot tubs are increasingly becoming a staple in modern homes.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technological overview
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing Wellness Trends
- 3.6.1.2 Health Benefits
- 3.6.1.3 Growing Interest in At-Home Spa Experiences
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 High initial costs
- 3.6.2.2 Seasonal Demand
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Type, 2021-2032 (USD Million) (Thousand Units)
- 5.1 Key trends
- 5.2 Portable hot tubs
- 5.2.1 Standard
- 5.2.2 Inflatable
- 5.3 Fixed hot tubs
- 5.3.1 Above-ground hot tubs
- 5.3.2 In-ground hot tubs
Chapter 6 Market Estimates and Forecast, By Shape, 2021-2032 (USD Million) (Thousand Units)
- 6.1 Key trends
- 6.2 Round
- 6.3 Square
- 6.4 Rectangular
Chapter 7 Market Estimates and Forecast, By Capacity, 2021-2032 (USD Million) (Thousand Units)
- 7.1 Key trends
- 7.2 Up to 2
- 7.3 2 to 6
- 7.4 6 to 8
- 7.5 More than 8
Chapter 8 Market Estimates and Forecast, By Price Range, 2021-2032 (USD Million) (Thousand Units)
- 8.1 Key trends
- 8.2 Low
- 8.3 Medium
- 8.4 High
Chapter 9 Market Estimates and Forecast, By End Use, 2021-2032 (USD Million) (Thousand Units)
- 9.1 Key trends
- 9.2 Household
- 9.3 Commercial
Chapter 10 Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Million) (Thousand Units)
- 10.1 Key trends
- 10.2 Online
- 10.3 Offline
Chapter 11 Company Profiles
- 11.1 American Standard
- 11.2 Bella Group
- 11.3 BRIZO KITCHEN and BATH COMPANY
- 11.4 Bullfrog Spas
- 11.5 Canadian Spa UK
- 11.6 CERA Sanitaryware Limited
- 11.7 Freuer Faucets
- 11.8 Jaquar
- 11.9 Kerovit
- 11.10 Kohler Co.
- 11.11 LIXIL Corporation
- 11.12 Masco Corporation
- 11.13 Moen Incorporated
- 11.14 Roca Sanitario S.A
- 11.15 Villeroy and Boch AG
- 11.16 VITRA INTERNATIONAL AG
