Luxury Spas Equipment Market Scope
Spas are places where people visit to attain a relaxation or medicinal therapies. This are considered luxury because of high costs of equipment and high cost services offered. Luxury spas equipment are equally important as offering high quality services. This equipment include, table, chairs, accessories, swimming pool equipment and others. Most of the luxury spas equipment is for commercial sector such as resorts, hotels, specially designated spas and others. Although there are a significant portion of individuals who demand luxury spas equipment for residential purposes. Geographically, North America is expected to be the biggest market because of large number of high income people residing in the region.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Jacuzzi (United States), Jaquar Group (India), Spa Vision (United Kingdom), Pentair (United States), Fluidra (Spain), Cal Spas (United States), Novellini (United Kingdom), Dimension One Spas (United States), Aquavia Spa (Spain), Sundance Spas (United States) and Masco (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Luxury Spas Equipment market throughout the predicted period.
Jacuzzi (United States), Jaquar Group (India), Spa Vision (United Kingdom), Pentair (United States), Fluidra (Spain), Cal Spas (United States), Novellini (United Kingdom), Dimension One Spas (United States), Aquavia Spa (Spain), Sundance Spas (United States) and Masco (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Bullfrog Spas (United States), Gruppo Treesse (Italy) and ThermoSpas (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Luxury Spas Equipment market by Type and Region with country level break-up.
On the basis of geography, the market of Luxury Spas Equipment 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2021, Fluidra, a Spanish Spa and Swimming pool equipment manufacturer has announced acquisition of Custom Molded Products which manufacturers of Spa, swimming pool and bathing products. The acquisition is said to be worth USD 245 million. CMP has renowned brands under the name such as DEL, Brilliant Wonders, SpaMASTER and Bobé, using which Fluidra looks to expand its product portfolio and overall standing in the market.
In 2019, Spa Vision, a UK based Luxury Spa Equipment manufacturer and distributer has announced plans to expand its product offerings with inclusion of authentic Indian Ayurvedic equipment. For which the company has announced a partnership with one of India’s leading spas equipment and furniture manufacturer “Esthetica”. The acquisition is said to benefit Spa Vision improve its standing further.
Influencing Trend:
Commercial Sector is expected to dominate the Market
Market Growth Drivers:
Increasing Disposable Income and Growing Urbanisation has led to Rise in Living Standards
Challenges:
Lack of Skilled Professionals for the Maintenance of the Electrical or Mechanical Spa Equipment in Developing Countries
Restraints:
High Costs of Setup and Transportation
Opportunities:
Growing Tourism Industry is expected to drive the Market of Luxury Spas Equipment to New Heights
Key Target Audience
Luxury Spas Equipment Manufacturers, Suppliers and Distributors, Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries