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Sauna Services Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033 | Amerec Ltd, Wi Spa LLC, SweatHouz, Sky Spa Sauna, Steam Sauna Inc.
Sauna Services Global Market
According to The Business Research Company's, The sauna services market size has grown rapidly in recent years. It will grow from $0.96 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to health benefits recognition, growth of the spa industry, rising medical recommendations, luxury market demand, rapid urbanization.
The sauna services market size is expected to see rapid growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to growing awareness of the health benefits, rising disposable income, the expanding wellness tourism industry, rising stress levels, and innovation in sauna technology. Major trends in the forecast period include wellness integration, customization, increasing incorporation of technology, mobile sauna services, and virtual reality (VR) enhancements.
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Market Drivers and Trends:
The growing popularity of wellness tourism is expected to propel the growth of the sauna services market going forward. Wellness tourism refers to travel that is associated with the pursuit of maintaining or enhancing one's well-being. Wellness tourism is driven by various factors, such as rising concerns about stress, increasing disposable incomes, and emphasis on preventive healthcare. Saunas are utilized in wellness tourism for their therapeutic effects, such as aiding in stress relief, detoxification, and promoting overall well-being. For instance, in March 2024, according to the Global Wellness Institute, a US-based nonprofit organization, the global wellness trip count reached 819.4 million, marking an increase from 608.2 million in 2021. Moreover, the number is projected to rise by 8.3% until 2027. Therefore, the growing popularity of wellness tourism is driving the growth of the sauna services market.
Major companies in the sauna services market use advanced technologies to offer personalized sauna sessions such as sauna guides and fitness indicators, to enhance the user experience. Sauna guides and fitness indicators revolutionize sauna use by providing customized insights and predictive analytics, optimizing wellness benefits for each user. For instance, in April 2024, High Tech Health International, Inc., a US-based company offering far infrared sauna technology, launched Sauna Guide. It is a groundbreaking technology positioned to transform sauna usage by providing unparalleled insights into individual health benefits at a cellular level. It is integrated with an innovative feature called the 'Sauna Fitness' indicator. It translates primary data such as height, weight, and sauna usage history into a holistic comprehension of your body's response to heat adaptation.
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Major Key Players of the Market:
Amerec Ltd, Sunlighten Day Spa, Perspire Sauna Studio, Wi Spa LLC, Island Spa And Sauna, Green Lotus Yoga & Healing Center, Am-Finn Sauna and Steam, SaunaWorks Inc., Artesian Spas, The Spa And Sauna Co, SweatHouz, Sky Spa Sauna, King Spa And Sauna, Skywheel Helsinki Oy, Restore Hyper Wellness, Therme Erding Familienbad GmbH, Alpine Sauna And Steam, The Sweat Shack, Spa World Corporation, Steam Sauna Inc., City Sweats, Finnmark Sauna Ltd., The Wellness Spa LLC, Sauna House, Glow Sauna Studios
Sauna Services Market 2024 Key Insights:
• The sauna services market size is expected to see rapid growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%.
• Rising Demand For Wellness Travel Driving Sauna Services Market Expansion
• Players Drive Growth With Innovative Technology Integration
• North America was the largest region in the sauna services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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