Above ground Hot Tubs Market Report 2024 (Global Edition)

Global Above ground Hot Tubs Market Report 2024 Market Size Split by Type (Small Hot Tub, Medium Hot Tub, Large Hot Tub), by Application (Residential Application, Commercial Applications)

Above ground Hot Tubs Market Report Description

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Competitive Landscape of the Above Ground Hot Tub Market

The competitive context of the above-ground hot tub industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies ' concentration on the above-ground hot tub industry.

In August 2024, Sundance Spas, the industry leader in luxury hot tub manufacturing, is happy to reveal the release of the sun-savvy WiFi Cloud System, a cutting-edge mobile program (app) that connects to 880 Series spas via WiFi. (Source: https://www.sundancespas.com/en-us/sundance-spas-launches-sunsmart-wifi-cloud-control-system.html) In June 2024, Guangzhou J and J Sanitary Ware Co., Ltd. unveiled its AquaMax wellness product. The Guangzhou J and J Sanitary Ware Co., Ltd. fitness business division attended an athletic sector show with new branding and design in both Chinese and English. The AquaMaxx exercise brand has emerged as the initial sub-brand of the exercise Group and has added wellness monitor pools and independent underwater treadmills to its lineup of products. (Source: https://www.jnjspa.com/news_details/10385891.html)

Top Companies Market Share in Above ground Hot Tubs Industry: (In no particular order of Rank)

• Jacuzzi
• Aquavia
• Sundance Spas
• Spa De La Mare
• Wellis
• ThermoSpas
• Glass 1989
• Crest
• Diamond Spas
• Mona Lisa
• Guangzhou J&J
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Above Ground Hot Tub Market

Which Region Dominates the Above Ground Hot Tub Market in 2024?

According to Cognitive Market Research, North America currently dominates the above-ground hot tub market, and the region is expected to have significant growth during the projected period. This is because people's spending power is rising, and restoration projects are becoming more and more popular. The awareness of the importance of pleasure and fulfillment, as well as the availability of a wide range of hot bath styles and customization options, are the main drivers of regional expansion. Market expansion is also being aided by consumer desire for hot tubs that are both ecologically friendly and strong.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of the region's increasing urbanization and customers ' expanding purchasing capacity. The industry is expanding as a result of the region's rising understanding of the health advantages of water therapy, and producers are looking to form strategic alliances to meet ever-evolving client requirements.

The current report Scope analyzes Above ground Hot Tubs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Above ground Hot Tubs

According to Cognitive Market Research, the global above ground hot tub market size was estimated at USD 2415.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 966.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the above ground hot tub market with a market size of USD 762.24 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada above ground hot tub market had a market share of USD 115.93 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico above ground hot tub market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 87.91 million in 2024.

Europe Above ground Hot Tubs

According to Cognitive Market Research, the global above ground hot tub market size was estimated at USD 2415.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 724.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom above ground hot tub market had a market share of USD 121.73 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, above ground hot tub sales witness an upswing due to the nation's rising demand for innovative technology.
• The France above ground hot tub market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 66.66 million in 2024.
• According to Cognitive Market Research, the German above ground hot tub market size was valued at USD 143.46 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, above ground hot tub surged due to the presence of major market players.
• The Italy above ground hot tub market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 62.31 million in 2024.
• The Russia above ground hot tub market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 112.31 million in 2024.
• The Spain above ground hot tub market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 59.41 million in 2024
• The Luxembourg above ground hot tub market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 22.46 million in 2024.
• The Portugal above ground hot tub market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 15.22 million in 2024.
• The Greece above ground hot tub market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 8.69 million in 2024.
• The Rest of Europe's above ground hot tub market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 112.31 million in 2024.

Asia Pacific Above ground Hot Tubs

According to Cognitive Market Research, the global above ground hot tub market size was estimated at USD 2415.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 555.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China above ground hot tub market size was valued at USD 249.97 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Above ground hot tub surged in China due to Increased focus of the manufacturers and major market players.
• The Japan above ground hot tub market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 76.66 million in 2024.
• The India above ground hot tub market had a market share of USD 66.66 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's rising awareness among the populations.
• The South Korean above ground hot tub market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 55.55 million in 2024.
• The Australian above ground hot tub market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 28.89 million in 2024.
• The South East above ground hot tub market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 38.33 million in 2024.
• The Rest of Asia Pacific above ground hot tub market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 39.44 million in 2024.

South America Above ground Hot Tubs

According to Cognitive Market Research, the global above ground hot tub market size was estimated at USD 2415.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 120.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil above ground hot tub market size was valued at USD 51.69 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Above ground hot tub flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's above ground hot tub market had a market share of USD 20.29 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia above ground hot tub market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 10.75 million in 2024.
• Peru above ground hot tub market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 9.90 million in 2024.
• Chile above ground hot tub market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 8.69 million in 2024.
• The Rest of Latin America's above ground hot tub market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 19.44 million in 2024.

Middle East and Africa Above ground Hot Tubs

According to Cognitive Market Research, the global above ground hot tub market size was estimated at USD 2415.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 48.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries above ground hot tub market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 20.67 million in 2024. Above ground hot tub sales flourish due to the presence of major market players.
• The Egypt above ground hot tub market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 5.07 million in 2024.
• The South Africa above ground hot tub market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 7.63 million in 2024. Above ground hot tub sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey above ground hot tub market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 4.15 million in 2024.
• The Nigeria above ground hot tub market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 5.07 million in 2024.
• The Rest of the MEA above ground hot tub market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 5.70 million in 2024.

Above ground Hot Tubs Market Analysis

Above Ground Hot Tub Market Type Segment Analysis

According to Cognitive Market Research, small hot tubs are likely to dominate the above-ground hot tub market over the forecast period. The increase can be attributed to the product's outstanding performance, minimal upkeep needed, and ease of mobility in different settings, its popularity frequency has increased.

The large hot tub is the fastest-growing segment in the above-ground hot tub market. Because these tubs attract a broader range of consumers, especially beginners and those residing in rental or short-term housing. Long-term growth in this market has also been supported by improvements in foldable designs and thinner components, which have raised rates of acceptance.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Above ground Hot Tubs Industry. Request a Free Sample PDF!

Above Ground Hot Tub Market Application Segment Analysis

According to Cognitive Market Research, the residential segment holds the largest market share. This is because of raising consumer curiosity in vacation activities that may be done privately for fun, peacefulness, and wellbeing. The demand for residential hot tubs has been greatly increased by elements such as greater financial resources, expanded renovating developments, and a growing need for personal leisure activities. Furthermore, the range of models available, from high-end, sophisticated fixed tubs to more affordable portable alternatives, has increased the number of customers in this market.

In the above-ground hot tub market, the rapidly growing sector is the commercial. Because of the incorporation of hot tubs within amateur., happiness, and hospitality establishments. Hot tubs are becoming a more common feature in properties, thermal facilities, and fitness facilities in an effort to draw customers, improve visitor experiences, and set themselves apart from the competition. Additionally, the growing popularity of experience travel, health tourism, and specialty relaxation resorts has increased demand for hot tubs for commercial organizations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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