Press release
Global Hot Tubs Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global hot tubs market is anticipated to grow at a CAGR of 9.5% during the forecast period (2022-2028).The market growth is majorly attributable to the growing trend of self pampering coupled with the shifting perspective of people towards hygiene and wellness. Further, the introduction of various technological advancements in the existing product ranges and the launch of new hot tubs are also anticipated to accelerate the market growth during the forecast period. For instance, in May 2020, Bullfrog Spas launched an artificial reality experience that enables shoppers to view a 3D hot tub model in their backyard before purchasing. With a simple click, visitors to BullfrogSpas.com can see a Bullfrog Spa in the location of their choice using most modern mobile devices. Further, in May 2019, Lidl declared the launch of four whirlpool hot tubs which have 118 dynamic air jets that massage the body and create 360° all-round bubbles.A full report of Global Hot Tubs Market is available at: https://orionmarketreports.com/global-hot-tubs-market/79926/
Some key players operating in the market include Artesian Spa, Bullfrog International LC, and Jacuzzi Brands LLC, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in February 2020, Jacuzzi Brands LLC completed the acquisition of both LMI FLA Holdings Inc. and Leisure Manufacturing Inc., which are the makers of the Dream Maker and Sunrise Spas brands and leaders in the global affordable hot tub market.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By End-User
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: Artesian Spa, Bullfrog International LC, and Jacuzzi Brands LLC, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Hot Tubs Market Report by Segment
By Type
Portable Hot Tubs
Fixed Hot Tubs
By End-User
Residential
Commercial
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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