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2021
Inflatable Hot Tub Market

Inflatable Hot Tub Market Product Type (6-Person Tub, 4-Person Tub, and 2-Person Tub), Application (Residential and Commercial), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jan 2022 | 56 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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In its most basic form, an inflatable hot tub is a hot tub that you inflate with air. The tub comes pre-formed with all of the essential waterways and jets, and it may be linked to a heater and pump unit. The hot tub is not connected to the mains and is instead filled with water from a hose. A little or big pool of water used for leisure is referred to as a hot tub. It's also employed in hydrotherapy. More than one person can utilize a hot tub at the same time. Natural gas or electricity are frequently used to heat it. However, there are different types of hot tubs on the market, such as subterranean wood-fired hot tubs and solar hot tubs. It has a number of health benefits. These include stress relaxation, arthritis pain reduction, diabetes blood sugar level reduction, and blood pressure reduction. It has a number of health benefits. These include stress relaxation, arthritis pain reduction, diabetes blood sugar level reduction, and blood pressure reduction. The global hot tub market is predicted to be driven by factors such as rising disposable income, increased health consciousness, changing lifestyles, and rapid technology improvements.

Market Scope and Structure Analysis

Report Metric

Details

   Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Regions Covered

 North America, Europe, Asia-Pacific, LAMEA

  Segments Covered

  Product Type, Application, Distribution Channel, and Region

  Companies Covered

Canadian Spa Company, Jacuzzi, Artesian Spas, MARQUIS Corp, Coast Spas, Blue Falls Manufacturing, CalderaSpas, Premium Leisure, Nordic Products, Atera AnyTemp, Cal Spas, SPA Manufacturers, Inc., PDC Spas, Spa & Tub Manufacturers, Inc, Coast Spas Manufacturing Inc., Master Spas, Inc.

 

COVID-19 Impact analysis

  • The global economic slump has been caused by the COVID-19 epidemic. The hot tub market is very vulnerable to economic cycles because it is commonly considered a part of the luxury goods sector. The global economic downturn has affected demand for these products, particularly in the high- and premium segments of the market.
  • Many governments and health organizations advise against travelling, and holiday travel is still restricted. The commercial portion of the market is collapsing as many wellness centers, luxury hotels, spas, and gyms close to decrease human interaction, as physical separation is the most effective COVID-19 preventive. Because goods delivery services are hampered, this has resulted in a merchandise shortage in offline stores.
  • A temporary shift in consumer behavior in terms of luxury products is expected, although it may only last a short time. Once the economy begins to recover, demand for the products may increase as consumer interests grow.

Top Impacting Factors
Manufacturers are concentrating their efforts on releasing revolutionary hot tubs with energy-saving features. One of the factor expected to drive the hot tub industry is the multi-functionality of hot tubs. When compared to rectangular hot tubs, multi-functional hot tubs offer greater space for swimming and working out.
These characteristics are driving up demand for solar hot tubs all around the world. During the projected period, rapid urbanization is expected to drive the global hot tub market. During the projection period, however, raw material price fluctuations are expected to stymie the market.
Some of the primary drivers projected to drive the hot tub market include an increase in disposable income, increased health awareness, changing lifestyles of consumers, and quick technology improvements.

Market Trends
New product launches to flourish the market

  • The launch of new products that contain improved capabilities have been launched by leading market players. The Coleman SaluSpa Miami AirJet 4 Person Inflatable Hot Tub is a good-value blow-up Jacuzzi. It's not too huge or too small, measuring 71 inches broad and 26 inches tall with a four-person capacity. A built-in inflation pump, a handy lid, and 120 bubble jets round out the tub's exceptional durability and puncture resistance. This inflatable hot tub is remarkably high-tech for an inflatable product. It comes with a digital control panel that allows you to modify the water temperature and jets without having to get out of the tub. 
  • Index is recognized for its long-lasting above-ground pools, and their Jacuzzi spas are as amazing. The Pure Spa Plus Bubble Massage Set from Index is a durable and comfy inflatable hot tub with a reasonable price tag. The Pure Spa Plus is a large four-person hot tub that measures 77 inches wide by 28 inches tall and is made of three-ply puncture-resistant Fiber-Tech. But that's not all: there are two contoured headrests, a color-changing LED light for nighttime soaks, and 140 forceful bubble jets in this blow-up hot tub
  • It is expected that the commercial end user segment will grow at a faster rate.
  • The hot tub market can be classified into two categories based on end-users: residential and commercial. Hotels, spas and salons, as well as other commercial end-users, make up the commercial category. The commercial segment is predicted to increase at a faster rate than the other end-user segments throughout the projection period. The rapid expansion of the hotel, salon, and spa industries is likely to propel the hot tub market forward throughout the forecast period.    

Key Segments Covered
Product Type

6-Person Tub
4-Person Tub
2-Person Tub
Others

Application

  • Home Sector
  • Commercial Sector

Distribution Channel

  • Offline
  • Online

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the inflatable hot tub industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the inflatable hot tub market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the inflatable hot tub market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed inflatable hot tub market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the inflatable hot tub market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "Inflatable Hot Tub" Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "Inflatable Hot Tub" Market?
 
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