Whirlpool Bath Market Report Overview
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The global whirlpool bath market size was USD 3599.63 million in 2021 and is projected to touch USD 6094.79 million by 2031, exhibiting a CAGR of 5.41% during the forecast period.
A bathtub with a vortex ejector placed on the outside of the tub and controlled with the help of a controller mounted near the tub is called a bathtub. The population generally uses bathtubs for their comfort needs and regular hygiene. The population chooses to buy these bathtubs of their bathroom’s size and as per their decor needs. The trend of metal finishing and contrast-colored bathtubs is expected to propel the market growth. The demand for customized shower and bath products is forecasted to offer various growth opportunities to the market.
The population is using bathtubs owing to their innovative features, such as temperature monitoring systems and voice-activated water levels. Businesses frequently introduce events to sell their shower and bathroom items to consumers. Such occasions primarily aid in boosting their product earnings, fueling market expansion.
COVID-19 Impact: Change in Consumer Buying Behavior Stagnated Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with whirlpool baths experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The pandemic caused a major economic disruption in the global market. The COVID-19 pandemic has resulted in a global economic slump. The hot tub market is extremely vulnerable to economic cycles because it is sometimes considered a subset of the luxury goods industry. The demand for these goods has been significantly affected by the global economic slump, particularly in the market's high- and premium segments. Since there are still limitations on holiday travel, several governments and health organizations advise against traveling. As many wellness centers, five-star hotels, spas, and gyms close to limit human contact—the primary defense against COVID-19—the commercial portion of the industry is collapsing.
LATEST TRENDS
"Population’s Demand to Own Their Personal Spa Massage to Surge Growth "
The trend of owning a private spa massage is increasing, which is estimated to foster major whirlpool bath market growth. The population considers having a luxury massage spa as a benchmark for a standard lifestyle. It is anticipated that the increasing demand for smart home amenities will slow the rate at which such products are used, spurring market expansion. Consumers are now turning their toilets into living rooms. The customer desire for fresh aesthetic and functionality-based bathroom goods is projected to decrease due to this trend.
Whirlpool Bath Market Segmentation
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- By Type Analysis
By type, the market is segmented into corners, ovals, rectangles, and others.
- By Application Analysis
Based on application, the market is classified into family, hotel, SPA centers, and others.
DRIVING FACTORS
"Various Benefits Associated With the Product to Offer Lucrative Growth Opportunities"
The whirlpool bath also utilizes hot water supplied by the jets to stimulate circulation and offer relief to the person. The increased circulation offers oxygen, cells, and fresh blood to the areas affected. It is also used as a therapy to cure skin diseases, musculoskeletal injuries, sports injuries, and arthritic complaints to promote relaxation. Factors including rising elderly numbers, rising physical therapy and wellness centers, rising public awareness, and rising healthcare costs are driving the market. This therapy helps to remove pollutants and toxic waste, including surface germs, by enhancing local circulation and reducing wound discomfort. This is forecasted to hasten the healing of the wound ultimately. The therapy is only used because it is not deemed appropriate for long-term use. It has a favorable result.
"Multi-Functions and Rising Disposable Income to Cater to the Growth of the Market"
The whirlpool bath is used in physical therapy and sports medicine to lessen pain and speed up the healing of injuries using hot and cold therapy. Another reason that is expected to drive the hot tub market is that multi-functional bathtubs offer more space for exercise and swimming than rectangular hot tubs do. Rapid urbanization is also anticipated to fuel the hot tub market during the projected period. These qualities are driving the whirlpool bath market growth. The rising disposable income is leading a higher number of the population to invest in luxury bathroom products. Thus, the market may experience growth during the forecast period.
RESTRAINING FACTORS
"Availability of Cheap Alternatives to Limit the Market Growth"
The availability of alternatives for managing acute and chronic wounds limits the market expansion of medical whirlpools. In physical therapy and sports medicine, these therapeutic whirlpools are intended to reduce pain and hasten the healing of injuries utilizing hot and cold therapy. Changes in raw material prices are likely to impede whirlpool bath market expansion.
Whirlpool Bath Market Regional Insights
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"Asia Pacific to Lead the Market Due to the Growing Production of the Product "
Asia Pacific is anticipated to hold a leading part of the whirlpool bath market share owing to the huge production capacity of various key market players. The higher production capacity of the key market players boosts the consumption of bathtubs, faucets, toilets, and others. Moreover, the rising disposable income of the middle-class population is also likely to propel regional product demand.
North America is estimated to experience significant growth in the market due to the growing demand for housing facilities in the regions such as Canada and the U.S.
KEY INDUSTRY PLAYERS
"Key Players Focusing On Innovative Technology Development to Grow in the Market"
Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products.
List of Market Players Profiled
- Aquatic (India)
- TOTO (Japan)
- Apple Thermo Sanitation Private Limited (India)
- Caesar (India)
- Mansfield (U.K.)
- Shubhraah Sales LLP (India)
- Kohler (India)
- Novatech Enviro Systems Private Limited (India)
- Woven Gold (India)
- Novellini (U.K.)
- Duravit (Germany)
- Sanitec (Finland)
- Steamers (India)
- Omega Bath Solutions Private Limited (India)
- Zeotic India (India)
- K.K. Industries (India)
- MAAX (Canada)
- CRW Bathrooms (India)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2027, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3599.63 Million in 2021 |
Market Size Value By |
US$ 6094.79 Million by 2031 |
Growth Rate |
CAGR of 5.41% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the whirlpool bath market expected to touch by 2031?
Based on our research, the whirlpool bath market is projected to touch USD 6094.79 million by 2031.
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What CAGR is the whirlpool bath market expected to exhibit by 2031?
The whirlpool bath market is expected to exhibit a CAGR of 5.41% by 2031.
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The whirlpool bath market is expected to exhibit a CAGR of 5.41% by 2031.
By type, the market is segmented into corners, ovals, rectangles, and others. Based on application, the market is classified into family, hotel, SPA centers, and others.
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Which are the driving factors of the market?
Various benefits associated with the product to offer lucrative growth opportunities and multi-functions and rising disposable income to cater to the growth of the market are the factors driving the market.
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Which are the top companies operating in the whirlpool bath market?
Aquatic, TOTO, Apple Thermo Sanitation Private Limited, Caesar, Mansfield, Shubhraah Sales LLP, Kohler, Novatech Enviro Systems Private Limited, Woven Gold, Novellini, Duravit, Sanitec, Steamers India, Omega Bath Solutions Private Limited, Zeotic India, K.K. Industries, MAAX, and CRW Bathrooms are the top companies operating in the market.