About Inflatable Hot Tub
The hot tubs are a pool of water utilized for relaxation. It is likewise utilized for hydrotherapy. The hot tub is intended to be utilized by more than each individual in turn. It is normally warmed by petroleum gas or power. Now a days an inflatable product, hot tub is surprisingly high-tech. It has a digital control panel inside the tub, allowing to adjust the water temperature and jets without getting out. And the power-saving timer can be set to automate the water temp up to three days in advance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Inflatable Hot Tub market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coleman (United States), Intex Development Co. Ltd (United States), Lay Z. (United Kingdom), American Standard (United States), Kohler(United States), Atlantis Whirlpools (United States), Appollo (United States), JACUZZI (United States), Hot Spring Spas and Hot Tubs (United States), SUNDANCE (United States), Cal Spas (United States), Marquis Spas (United States), Arctic Spas (United States) and Signature Hardware (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Inflatable Hot Tub market by Type (6-Person Soft Hot Tub and 4-Person Soft Hot Tub), Application (Residential and Commercial [Hotels, Spas & Salons, and Other]) and Region.
On the basis of geography, the market of Inflatable Hot Tub has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Water Capacity, the sub-segment i.e. Upto 700 Liters will boost the Inflatable Hot Tub market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Inflatable Hot Tub market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Vinyl will boost the Inflatable Hot Tub market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Technological Advancements
Market Growth Drivers:
Changing Lifestyles of Individuals and Growing Disposable Income, and Increasing Awareness about Health
Challenges:
High Competetion
Restraints:
Variation in Prices of Raw Materials
Opportunities:
Introduction of Innovative Hot Tubs with Energy-Efficient Features
Market Leaders and their expansionary development strategies
In January 2022, Monomoy Capital Partners announced that it has acquired both Artesian Spas (Artesian) and Marquis Hot Tubs (Marquis) and combined them to form a leading pool and spa wellness platform. Artesian and Marquis will operate under a parent holding company with their respective management teams working in partnership. The combined platform will provide customers with a broad portfolio of outdoor aquatic products and is seeking additional acquisitions in the pool and spa market.
In July 2023, Master Spas announced the launch of the Michael Phelps Chilly GOAT Cold Tubs in collaboration with legendary swimmer and longtime Master Spas brand ambassador Michael Phelps. As a competitive swimmer, Phelps relied on ice baths and cold showers to help soothe sore muscles and reduce inflammation after intense training sessions.
Key Target Audience
Manufacturers of Inflatable Hot Tub, Suppliers of Inflatable Hot Tub, Wholesalers, Distributors and Retailers of Inflatable Hot Tub, Raw Material Providers, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.