Hot Tub Covers Market size to grow by USD 76.14 million from 2022 to 2027, The growing focus on wellness and hydrotherapy to boost the market growth - Technavio

NEW YORK, June 5, 2023 /PRNewswire/ -- The global hot tub covers market size is estimated to increase by USD 76.14 million from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 5.18% during the forecast period. The growing focus on wellness and hydrotherapy is a major driving factor in the growth of the global hot tub covers market. Hot tubs are not just for relaxation and entertainment but are also increasingly used for therapeutic purposes. The hot water and jets of a hot tub offer many benefits, ranging from pain relief to improved circulation to stress relief. The demand can be attributed to the growing interest in wellness and hydrotherapy, especially for the ones that can provide optimal relaxation and rejuvenating benefits. Hence, such a factor will boost the growth of the global hot tub cover market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Hot tub covers market – Vendor Analysis
Vendor Landscape - The global hot tub covers market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer hot tub covers in the market are Artesian Spa Cover, Beachcomber Hot Tubs, Canada Hot Tub Covers, Canadian Spa Co. Ltd., Cedar Mountain Spa Covers, Core Covers, Coverstore, Diverse Designs Ltd. LLC, Florida Spa Covers, MySpaCover, Northern Hot tub Covers, Pool Covers Inc., Prestige Spa Covers, Saturn Spas, Selective Covers, Spa Cover Inc., The Cover Guy, Twin Star International Inc., Watkins Wellness, and Wellisspa and others.

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Artesian Spa Cover - The company offers hot tub covers such as square, rectangular, and one cut corner.
• Beachcomber Hot Tubs - The company offers hot tub covers such as heatshield.
• Core Covers - The company offers hot tub covers such as cover velvet, EZ lifter, and cover cap.
• For details on the vendor and their offerings – Request a sample report

Hot Tub Covers Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (residential and commercial), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the residential segment will be significant for overall market growth during the forecast period. The demand for hot water bottle covers in residential areas has increased in recent years. Since they not only provide insulation but also protect against dirt, bacteria, and other elements that can shorten the life of your hot tub, homeowners recognize the importance of hot tub covers. Hence, factors such as energy saving, comfort, and safety, increase the demand for residential hot tub covers. 

Geography Overview
By geography, the global hot tub covers market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hot tub covers market.

• North America is estimated to account for 56% of the global market growth during the forecast period. The growing demand for home spas and wellness products is expected to drive the growth of the regional market during the forecast period. Various consumers look for ways to create a relaxing, spa-like atmosphere in their homes, and hot tubs are a popular choice, growing the demand for hot tubs. For instance, the Canadian hot tub cover market is growing due to the increasing demand for energy-efficient covers that reduce maintenance costs. The suppliers in the country offer a wide range of options to meet consumer needs, with a focus on durability, insulation, and customization. Hence, such factors drive growth in the regional market during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Hot Tub Covers Market – Market Dynamics

Key Trends - 

• The growing use of smart hot tub covers is an emerging trend in the global hot tub covers market growth.
• Smart hot tub covers are designed to integrate with smart home technology, allowing the homeowner to control the hot tub cover using a mobile app or voice commands. They can be programmed to automatically open and close based on temperature and weather conditions, making it easier for homeowners to manage their hot tubs without having to manually adjust the cover.
• Furthermore, the automatic hot tub covers offer convenience, elegance, and safety due to their unobtrusive design.
• Moreover, some smart hot tub covers even come with sensors that can detect when someone falls into the hot tub. Hence, such trends boost the market growth during the forecast period.

Major challenges - 

• Compatibility with hot tub design is a major challenge hindering the growth of the global hot tub covers market.
• As different hot tub designs and shapes require different types of hot tub covers, not all hot tub covers work with all hot tub designs. For instance, a rectangular hot tub may suit a heavy-duty automatic hot tub cover, while a free-form hot tub may require a more flexible or custom hot tub cover.
• Also, in some cases, it may be necessary to modify or adjust the hot tub cover to suit your hot tub design.
• Manufacturers must provide guidance and support to customers on how to modify or adapt their hot tub covers to fit their hot tub design to address this issue.
• Hence, compatibility with hot tub design can become a major challenge for the growth of the global hot tub covers market during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! 

What are the key data covered in this Hot Tub Covers Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hot tub covers market between 2023 and 2027
• Precise estimation of the size of the hot tub covers market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hot tub covers market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of hot tub covers market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hot tub covers market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global hot tub covers market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 56: Market opportunity by Distribution Channel ($ million)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 France - Market size and forecast 2022-2027
• Exhibit 87: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.10 Spain - Market size and forecast 2022-2027
• Exhibit 91: Chart on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Spain - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Spain - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Artesian Spa Cover 
• Exhibit 111: Artesian Spa Cover - Overview
• Exhibit 112: Artesian Spa Cover - Product / Service
• Exhibit 113: Artesian Spa Cover - Key offerings

• 12.4 Beachcomber Hot Tubs 
• Exhibit 114: Beachcomber Hot Tubs - Overview
• Exhibit 115: Beachcomber Hot Tubs - Product / Service
• Exhibit 116: Beachcomber Hot Tubs - Key offerings

• 12.5 Canadian Spa Co. Ltd. 
• Exhibit 117: Canadian Spa Co. Ltd. - Overview
• Exhibit 118: Canadian Spa Co. Ltd. - Product / Service
• Exhibit 119: Canadian Spa Co. Ltd. - Key offerings

• 12.6 Cedar Mountain Spa Covers 
• Exhibit 120: Cedar Mountain Spa Covers - Overview
• Exhibit 121: Cedar Mountain Spa Covers - Product / Service
• Exhibit 122: Cedar Mountain Spa Covers - Key offerings

• 12.7 Core Covers 
• Exhibit 123: Core Covers - Overview
• Exhibit 124: Core Covers - Product / Service
• Exhibit 125: Core Covers - Key offerings

• 12.8 Coverstore 
• Exhibit 126: Coverstore - Overview
• Exhibit 127: Coverstore - Product / Service
• Exhibit 128: Coverstore - Key offerings

• 12.9 MySpaCover 
• Exhibit 129: MySpaCover - Overview
• Exhibit 130: MySpaCover - Product / Service
• Exhibit 131: MySpaCover - Key offerings

• 12.10 Northern Hot tub Covers 
• Exhibit 132: Northern Hot tub Covers - Overview
• Exhibit 133: Northern Hot tub Covers - Product / Service
• Exhibit 134: Northern Hot tub Covers - Key offerings

• 12.11 Pool Covers Inc. 
• Exhibit 135: Pool Covers Inc. - Overview
• Exhibit 136: Pool Covers Inc. - Product / Service
• Exhibit 137: Pool Covers Inc. - Key offerings

• 12.12 Prestige Spa Covers 
• Exhibit 138: Prestige Spa Covers - Overview
• Exhibit 139: Prestige Spa Covers - Product / Service
• Exhibit 140: Prestige Spa Covers - Key offerings

• 12.13 Saturn Spas 
• Exhibit 141: Saturn Spas - Overview
• Exhibit 142: Saturn Spas - Product / Service
• Exhibit 143: Saturn Spas - Key offerings

• 12.14 Selective Covers 
• Exhibit 144: Selective Covers - Overview
• Exhibit 145: Selective Covers - Product / Service
• Exhibit 146: Selective Covers - Key offerings

• 12.15 Spa Cover Inc. 
• Exhibit 147: Spa Cover Inc. - Overview
• Exhibit 148: Spa Cover Inc. - Product / Service
• Exhibit 149: Spa Cover Inc. - Key offerings

• 12.16 The Cover Guy 
• Exhibit 150: The Cover Guy - Overview
• Exhibit 151: The Cover Guy - Product / Service
• Exhibit 152: The Cover Guy - Key offerings

• 12.17 Twin Star International Inc. 
• Exhibit 153: Twin Star International Inc. - Overview
• Exhibit 154: Twin Star International Inc. - Product / Service
• Exhibit 155: Twin Star International Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 13.5 List of abbreviations 
• Exhibit 162: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com

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