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Pharmacy benefit management market
Steam Rooms Market Report Overview
The global steam rooms market size is expected to be worth USD 274.2 million in 2021 and is projected to touch USD 399.15 million by 2031, at a CAGR of 3.8% during the forecast period.
Steam rooms are heated rooms where people can relax and relieve certain medical conditions. Gyms and spas often have them. A steam room is created when a water-filled generator pumps steam into an enclosed space, causing moisture to be present in the air while people sit in it. A steam room's temperature is typically between 110°F and 114°F, with a humidity level of 100 percent. Simply relax in the room for a few minutes and let the healing properties of the heat and steam work their magic. Aromas, essential oils, salts, or botanicals can all be added to some steam rooms to increase the benefits and enhance the experience.
Showering before entering the steam room is recommended, and sometimes required. After your session, take a lukewarm shower to remove any bacteria or toxins that have accumulated on your skin. Remove any metal jewelry as well, as it will become hot and may burn the skin. Be aware that you may feel lightheaded or dizzy after leaving the steam room. Drink plenty of water and rest somewhere cool until your temperature and heart rate return to normal. It's usually advised by professionals to stay in a steam room for no more than 15 minutes.
COVID-19 Impact: Halt on Machinery and Equipment to Hamper Market
The global COVID-19 pandemic has been unprecedented and staggering, with the global steam rooms market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
COVID-19 has had an unfavorable impact on the global market due to the sudden lockdown and the spread of the disease globally. As there are some health concerns related to steam rooms, the market experienced downward trend. Other sectors associated with this markets were also indirectly impacted. the market growth in post COVID-19 era os expected to increase since people started focusing on one’s wellness.
Latest Trends
"Increased Expenditure and Consumer Demands To Drive The Market Growth"
In the last few years, millennials' disposable income, spending capacity, and spending habits have all changed dramatically. Because of urbanization and lifestyle changes, purchasing behavior and patterns have shifted. Their way of life is centered on social health, which is supported by rising spending due to increased earnings. This generation regards the steam bathing as a necessity. As a result, millennials are willing to spend money on their lifestyle, which is propelling the growth of this industry. Rapid urbanization, sedentary lifestyles, and hectic schedules of working professionals all over the world are major health concerns. Working professionals must be physically and mentally healthy in order to maintain and increase productivity. Furthermore, rising adoption of steam rooms services, particularly among geriatric groups, is one of the factors bolstering demand for spa services and thus significantly contributing to market growth.
Steam Rooms Market Segmentation
- By Type
The market is classified into generators, control units, and accessories/other components based on type. The generators segment will lead the global steam rooms market share throughout the forecast period.
- By Application
The market is classified into residential, and commercial-professional on the basis of application. The residential segment will lead the global steam rooms market share throughout the forecast period.
Driving Factors
"Growth in Tourism to Drive the Steam Rooms Market Growth"
A spa hotel is a hotel that primarily provides individual services and treatments to clients with a focus on health. Except for 2020, the global tourism industry has expanded in recent years. As global per capita income has increased and consumer sentiment has improved, international tourist arrivals have increased. The tourism industry's largest sector is leisure tourism. Domestic and international tourists are drawn to destinations by the leisure tourism and hospitality industries to spend official or vacation time. These visitors take advantage of services offered by hotels, luxury hotels, and resorts. Steam room services are available as part of the package or amenities in the leisure tourism and hospitality industries. As a result, the steam room industry is regarded as a packaged segment of the hospitality and tourism markets. The market is being driven by the expansion of the leisure tourism and hospitality industries.
"Health Benefits Associated with Steam Rooms to Drive the Market Growth"
Steam bathing is an ancient practice practiced by many cultures throughout the world. Steam bathing and hot springs were popular among the ancient Greeks and Romans. Steam and sweating were also used as health practices by indigenous peoples. Steam rooms therapy are now popular globally. Steam rooms have distinct health advantages, and they are; clearing congestion, improving skin health, lowering blood pressure, improving circulation, easing bronchitis symptoms, workout recovery, relaxation, and lowering joint stiffness.
Restraining Factors
"Rising Health Issues After Steam Bath To Impede The Market Growth"
Many germs and fungi thrive in the hot, humid environment of the steam room. Highly trafficked or poorly cleaned steam rooms are especially dangerous. Thereby increasing the chances of other medical issues or illness. If you decide to use the steam room, make sure it has recently been cleaned. Never enter a sauna barefoot. To avoid athlete's foot, wear rubber shower shoes or flip flops.
Steam Rooms Market Regional Insights
"Europe To Lead The Market Growth As A Result of Expanding Wellness Industry"
The market in Europe hold the major share and one of the major growth drivers of the steam rooms market is Europe's expanding wellness industry. The region's growing hospitality industry, as well as the influx of tourists to Europe, are expected to keep the market thriving.
Apart from this, the more number of market players in the region is another reason for the growth of the market in this region.
Key Industry Players
"Leading Players Adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolios 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 global steam rooms market.
LIST OF TOP STEAM ROOMS COMPANIES
- Steamist (U.S.)
- Mr. Steam (Feel Good Inc.) (U.S.)
- Amerec (TyloHelo) (Europe)
- Kohler (U.S.)
- Saunacore (Canada)
- Thermasol (U.S.)
- Steam Sauna Inc. (U.S.)
- Lattner (Austria)
REPORT COVERAGE
In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 274.2 Million in 2021 |
Market Size Value By |
US$ 399.15 Million by 2031 |
Growth Rate |
CAGR of 3.8% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the steam rooms market expected to touch by 2031?
The steam rooms market is expected to reach a value of USD 399.15 million by 2031.
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What CAGR is the steam rooms market expected to exhibit by 2031?
The steam rooms market is expected to exhibit a CAGR of 3.8% by 2031.
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Which are the driving factors of the steam rooms market?
Growth in tourism, and few health benefits associated with steam rooms are some of the major driving factors of the steam rooms market.
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Which are the top companies in the steam rooms market?
The top companies in the steam rooms market include Steamist, Mr. Steam (Feel Good Inc.), Amerec (TyloHelo), and Kohler.