Far Infrared Saunas Market Size, Share, Growth, And Industry Analysis, By Type (Carbon Fiber Shell and Hemlock Shell), By Application (Hospital, Rehabilitation Center, Hotel, Spa, and Household), Regional Forecast To 2031

Updated On: 22 April 2024

Far Infrared Saunas Market Report Overview

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global far infrared saunas market size was USD 345.57 Million in 2022 and market is projected to touch 647.14 Million by 2031, exhibiting a CAGR of 7.22% during the forecast period.

Far infrared saunas are a type of sauna that uses far infrared radiation to create heat, which is absorbed by the body. These saunas offer several health benefits, such as improved circulation, relaxation, detoxification, and weight loss. As a result, they are widely used in homes, spas, and wellness centers.

The growing popularity of wellness therapies and the increasing prevalence of chronic diseases, such as obesity, hypertension, and diabetes, are driving the demand. Additionally, the increasing availability of affordable and portability is further fueling far infrared saunas market growth.

COVID-19 Impact: Decline in Demand due to Disruption in Supply Chain

The COVID-19 pandemic had a significant impact on the market, leading to a decline in demand for the product. The pandemic caused a disruption in the global supply chain, making it challenging for manufacturers to procure raw materials and components required for the production. Additionally, the restrictions on international trade and logistics created bottlenecks in the distribution of the finished products. This resulted in a shortage of supply in the market, causing a decline in demand. However, with the gradual relaxation of pandemic-induced restrictions and the resumption of economic activities, the demand for Far Infrared Saunas is expected to pick up in the coming years.

Latest Trends

"Innovative Products and Smart Technologies are Shaping the Future of the Market"

The market is witnessing several trends in recent times. One of the major trends in the market is the launch of innovative products that cater to the growing demand for luxury wellness products. Leading players in the market are investing heavily in research and development to create advanced saunas that offer better features and are more energy-efficient.

Moreover, there is a growing trend of incorporating smart technologies in saunas, such as voice-controlled systems and remote monitoring, which enhance the overall user experience.

Another trend in the market is the rising popularity of portable far infrared saunas that are easy to set up and use in any location. The increasing demand for portable saunas is driven by the growing trend of home-based wellness solutions and the need for on-the-go relaxation. Overall, these trends are expected to drive the growth of the market in the coming years.

Far Infrared Saunas Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into carbon fiber shell and hemlock shell.

• By Application Analysis

Based on application, the market can be divided into hospital, rehabilitation center, hotel, spa, and household.

Driving Factors

"Increasing Awareness of Health and Wellness Benefits, Driving Market Growth"

The far infrared saunas market has witnessed significant growth in recent years, and this can be attributed to the growing awareness of the health and wellness benefits associated with these saunas. Far Infrared Saunas are known to help with various health conditions such as pain relief, improved blood circulation, detoxification, and even weight loss. This has led to an increased demand for these saunas from individuals looking for alternative and complementary therapies.

Moreover, the use of the product for therapeutic applications has become increasingly popular in recent years. This trend is driven by the fact that these saunas provide a non-invasive and natural way of healing the body. Additionally, the ease of use and accessibility of the product has further boosted the market growth. With more people looking for effective and natural ways to maintain their health and wellness, although the demand is expected to continue growing in the coming years.

"Growing Demand for Home Wellness and Spa Treatments to boost product sales"

The market has been experiencing significant growth due to the rising demand for home wellness and spa treatments. This trend can be attributed to the increasing disposable income of individuals, which has led to higher adoption of the product in residential applications. People are now more inclined to invest in their personal wellness and relaxation, and the convenience of having a personal sauna at home has further boosted the demand.

In addition to being a status symbol for luxury living, Far Infrared Saunas offer numerous health benefits. Individuals are increasingly aware of the therapeutic benefits of the product, such as detoxification, pain relief, improved blood circulation, and weight loss, which has further driven the demand for these saunas. Moreover, the trend of incorporating alternative and complementary therapies in daily wellness routines has also contributed to the market's growth.

Restraining Factors

"High Cost of Installation and Maintenance Hindering Market Expansion"

The high cost of installing and maintaining has been a significant restraining factor for the market's growth. The cost of installation and maintenance is relatively higher for fixed saunas compared to portable saunas, which makes them less accessible for budget-conscious consumers.

Far Infrared Saunas Market Regional Insights

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"North America to lead the market Fueled by Rising Demand for Home Wellness and Therapeutic Benefits"

North America dominated the market, and is expected to maintain its position during the forecast period. The increasing prevalence of various health conditions, rising demand for home wellness and spa treatments, and the high adoption of alternative and complementary therapies have been significant driving factors for the market's growth in the region. Moreover, the presence of key market players in the region and the increasing investments in R&D activities for product innovation have further boosted the far infrared saunas market growth.

Europe held the second-largest market share due to the increasing adoption of various therapeutic applications, such as pain relief and detoxification, and the rising demand for home wellness and spa treatments have been the major driving factors for the market's growth in the region. Additionally, the increasing awareness of health and wellness benefits associated with Far Infrared Saunas and the growing trend of smart homes have further contributed to the market growth in Europe.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Harvia: Muurame, Finland
• KLAFS: Schwäbisch Hall, Germany
• Clearlight: Sebastopol, California, U.S.
• SAWO: Mikkeli, Finland
• Radiant Health Saunas: Edmonton, Alberta, Canada
• Health Mate: Kortrijk, Belgium
• SaunaKing: Placentia, California, U.S.
• TyloHelo Group: Halmstad, Sweden
• Dynamic Sauna: Ontario, California, U.S.
• Sunlighten: Overland Park, Kansas, U.S.
• Rocky Mountain Saunas: Denver, Colorado, U.S.
• Amerec: Bothell, Washington, U.S.
• Aqualine Saunas: Los Angeles, California, U.S.

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the far infrared saunas market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.