Sauna Equipment Market REPORT OVERVIEW
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The global sauna equipment market size was USD 643.8 million in 2021 and is projected to touch USD 1176.69 million by 2031, at a CAGR of 6.2% during the forecast period.
Saunas are basically small rooms that are kept warm or sometimes even hot. They are usually heated at a temperature between 150-degree Fahrenheit to 195-degree Fahrenheit. These rooms are neither decorated nor painted. They are usually made up of wood and have certain equipments called the sauna equipments. These rooms and equipments also include temperature controls to regulate the temperature.
There have been several developments and discoveries in this field. Technologically advanced infrared sauna equipments are now the latest trends in the market. It is also a wellness tool and comes with several health benefits and advantages. Sauna tools are also prone to improve the beauty and the health of our skin. These act as the factors driving the market growth.
COVID-19 impact: Lockdowns and Strict Restrictions Reduced the Market Growth
COVID-19 was one such deadly disease that affected the entire world and all the industries. The sauna equipment industry also became a victim of the pandemic. During COVID-19 there were many restrictions and lockdowns that were imposed. This became a major backdrop for the use of sauna rooms and equipments.
People were not able to move out of their houses during the pandemic. People who had the symptoms of the disease and who were affected by the pandemic were completely isolated. Sauna rooms and equipments make use of water as their integral component. During the pandemic there was high risk of the corona virus spreading through water. As a result, many people hesitated to use sauna equipments. This considerably brought down the demand for the product causing a decrease in the market growth.
This was the major reason for the downfall of the sauna equipment market share during the pandemic. However, post the pandemic the market recovered quickly and is anticipated to grow well in the upcoming years.
LATEST TRENDS
"Technologically Advanced Infrared Saunas Being Introduced To Increase The Market Growth"
Many creative and innovative changes are being witnessed in the above market recently. New types of saunas equipments are being launched these days that have various applications in different fields. These equipments are extensively being used in different hotels, resorts and even homes.
Technologically advanced infrared sauna equipments are now the latest trends in the market. This innovation is a combination of both wellness and technological advancement. These equipments have the feature of providing the optimal wavelength of near, mid and far infrared heating. This sauna equipment is a game changer and also comes with several customized health programs. It is also a wellness tool and comes with several health benefits and advantages. These infrared sauna tools designed exquisitely for homes are now the emerging trends in the market.
Sauna Equipment Market SEGMENTATION
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- By Type
The market can be divided on the basis of type into the following segments:
Electric sauna, mobile sauna and, others. The electric sauna segment is anticipated to dominate the market during the forecast period.
- By Application
Classification based on application into the following segment:
Residential and commercial. The residential products segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Physical and Mental Benefits Obtained to Fasten the Market Growth"
The sauna industry has seen a robust growth and expansion in the recent days especially after the pandemic period. Many reasons have contributed to this expansion. The major factor being the physical and mental benefits given by a sauna routine. Sauna tools and equipments are being popularized these days and are being used all over the world.
Usage of sauna is accompanied with several benefits, both physical and mental. It relaxes the body and is highly recommended after a heavy workout. It also increases the life expectancy, preserves the muscle mass and also protects the body against any kind of inflammation. It is also known to boost the heart health by improving the cardiovascular endurance. Apart from all this it also promotes mental health and wellness by calming down our bodies. This acts as a major factor for driving the sauna equipment market growth.
"Improved Skin Health and Beauty to Propel the Market Growth "
Along with improving the physical and mental health sauna tools are also prone to improve the beauty and the health of our skin. This acts as a major factor in increasing the sauna equipment market growth.
The heat in the sauna can help in removing the dry and dead skin cells. Also, the increased sweating can improve the blood circulation and bring up the collagen production. All of these factors are prone to bring vast growth opportunities for the market in the upcoming years.
RESTRAINING FACTOR
"Dehydration And Variation In The Blood Pressure To Decrease Market Growth"
Along with providing several mental and physical health benefits sauna equipments can sometimes have certain risks and disadvantages pertaining to health. These risks associated with the equipments can drastically decrease the market growth.
Some of the risks that are associated with using these are dehydration and variation in the blood levels that can sometimes be very fatal. While using sauna it is very common to sweat out profusely due to the high temperature and heat. This can lead to dehydration. People with heart problems and variations in blood pressure levels are advised not to use sauna tools and equipments. These can act as the major restraining factors deteriorating the market growth.
Sauna Equipment Market Regional Insights
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"Asia Pacific to Dominate the Sauna Equipment Market Share in the Upcoming Years"
The region that predominantly dominates the market is Asia Pacific. It holds the largest market share generating high revenue and profits. Many factors have contributed to the growth of the market in Asia Pacific. The increased awareness about the usage of sauna tools and its benefits in Asia Pacific, especially in countries like South Korea, China and Thailand have contributed to the market growth in Asia Pacific. The region that occupies the second largest market share is North America.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- KLAFS (Germany)
- Harvia (Finland)
- TyloHelo (U.S.)
- SAWO (India)
- Tulikivi (Finland)
- Sauna Italia (Italy)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 643.8 Million in 2021 |
Market Size Value By |
US$ 1176.69 Million by 2031 |
Growth Rate |
CAGR of 6.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the sauna equipment market expected to touch by 2031?
The global sauna equipment market is projected and estimated to touch USD 1176.69 million by 2031.
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What CAGR is the sauna equipment market expected to exhibit by 2031?
The sauna equipment market is expected to exhibit a CAGR of 6.2% by 2031.
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Which are the driving factors of the sauna equipment market?
Sauna is also a wellness tool and comes with several health benefits and advantages. Sauna tools are also prone to improve the beauty and the health of our skin. These act as the factors driving the sauna equipment market growth.
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Which are the top companies operating in the sauna equipment market?
KLAFS, Harvia, TyloHelo, SAWO, Tulikivi, and Sauna Italia are the top companies operating in the sauna equipment market.