Global Hot Tub Market By Type (Above-Ground Hot Tubs, Potable Hot Tubs, and In-Ground Hot Tubs), By Application (Residential Users, and Commercial Users), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Market.US announces publication of its most recently generated research report titled, “Global Hot Tub Market by Material Type (Cement, Stainless Steel, Inflatable PVC, Acrylic, Other Material Types), By Product Type (Portable Hot Tubs, Fixed Hot Tubs), By End-Use (Hotels, Spa, Households), and by Region – Global Forecast to 2030.”, which offers a holistic view of the global hot tub market through systematic segmentation that covers every aspect of the target market.

Global hot tub market is projected to be US$ 1,427.4 in 2020 to reach US$ 2,088.2 by 2030 at a CAGR of 4.0%.

The hot tub is an independent container that contains all the electrical control systems and other plumbing components built into the hot tub cabinet. Hot tubs come in various designs to provide a better user experience that is comfortable, energy-efficient, and easy to use.

The raw materials used to construct the hot tub include wood and thermoplastic composite materials such as acrylic and vinyl. They are designed for sitting or lying down and are not usually used for swimming.

One of the advantages of the hot tub is the ability to maintain a specific temperature, so users can use it at any time without waiting for the hot tub to heat up to the desired temperature.

Global Hot Tub Market Revenue (US$ Mn), 2020–2030

The busy lifestyle and work pressure of the staff cause muscle contraction and stiffness in the body. The use of the hot tub reduces the stress of the day and improves the user’s sleep quality. This factor is expected to drive the growth of the target market. The increasing number of hotels and spas (including hot tubs) as their corporate value-added functions is another important factor that is expected to drive the target market’s growth. In addition, during the forecast period, hotels and spas have a majority share of the end-user market in the global hot tub market. However, the high costs, installation, maintenance, and energy consumption associated with hot tubs can become a major challenge for low- and middle-income people, especially in developing countries.

Global hot tub market can be segmented based on material type, product type, end-use & regions. Among the material type, the acrylic segment is expected to register the highest CAGR during the forecast period.  Concerning the product type segment, the portable segment is expected to account for a significant revenue share over the next 10 years. Regarding the end-use segment, the hotel segment is slated to index the highest revenue share in the coming years. The market in North America region accounted for the majority revenue share, followed by Asia-Pacific and Europe.

Global Hot Tub Market Attractiveness Analysis by Material Type, 2021 – 2031

The research report on the global hot tub market includes profiles of some of the major companies such as Jacuzzi Brands LLC, Watkins Manufacturing Corporation, Candian Spa Company, Coast Spas Group, Beachcomber Hot Tubs Inc., Bullfrog International, LC, Cal Spas, Nordic Products, Inc., Blue Falls Manufacturing, Artesian Spas, Catalina Spas, PDC Spas, Viking Spas, and others.

Segmentation for global hot tub market, based on Material Type, Product Type, End-Use, and Region

Based on Material Type:

• Cement
• Stainless Steel
• Inflatable PVC
• Acrylic
• Other Material Types

Based on Product Type:

• Portable Hot Tubs
• Fixed Hot Tubs

Based on End-Use:

• Hotels
• Spa
• Households

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Key Market Players included in the report:

• Jacuzzi Brands LLC
• Watkins Manufacturing Corporation
• Candian Spa Company
• Coast Spas Group
• Beachcomber Hot Tubs Inc.
• Bullfrog International
• LC
• Cal Spas
• Nordic Products Inc.
• Blue Falls Manufacturing
• Artesian Spas
• Catalina Spas
• PDC Spas
• Viking Spas
• others

For the Hot Tub Market research study, the following years have been considered to estimate the market size: