NEW YORK, Sept. 27, 2021 /PRNewswire/ --
The global hot tub market is poised to grow by USD 1.30 billion during 2021-2025, progressing at a CAGR of over 9% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the growth variance and the Y-O-Y growth rate.
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Hot Tub Market Report Coverage
Report Coverage |
Details |
Base Year: |
2020 |
Year-Over-Year Growth in 2021: |
8.80% |
Forecast Period: |
2021 to 2025 |
CAGR: |
Accelerating at over 9% |
Historical Data: |
2017 to 2021 |
No. of Pages: |
120 |
Exhibits: |
121 |
Incremental growth: |
$ 1.3 Billion |
Segments covered: |
Product, End-user, Distribution chanel; Geography |
By Product |
· Above-ground hot tubs |
· Portable hot tubs |
|
· In-ground hot tubs |
|
By End-user |
· Residential users |
· Commercial users |
|
By Distribution channel |
· Offline distribution channel |
· Online distribution channel |
|
By Region |
· APAC |
· Europe |
|
· North America |
|
· MEA |
|
· South America |
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. Although product innovation and improvements in features will offer immense growth opportunities, high complications in logistics and supply chain operations will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Hot Tub Market 2021-2025: Segmentation
Hot Tub Market is segmented as below:
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Hot Tub Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hot tub market report covers the following areas:
This study identifies global economic recovery as one of the prime reasons driving the hot tub market growth during the next few years.
Hot Tub Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Hot Tub Market. Backed with competitive intelligence and benchmarking, our research report on the Hot Tub Market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Hot Tub Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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