Hot Tub Manufacturing in the US - Industry Market Research Report

Bubbling up: Rising disposable income and consumer confidence will stimulate a wave of hot tub purchases

Solid construction activity and increased disposable income over most of the five years to 2023 have resulted in rising revenue for hot tub manufacturers. Since hot tubs and spas are highly discretionary luxury goods, demand primarily depends on consumer confidence and per capita disposable income. Rising disposable income is significant for the industry, particularly as households wishing to remodel their existing homes remain the largest market for hot tubs and whirlpool baths. However, residential new construction and commercial clients, like fitness clubs, resorts, and massage centers, also represent important markets for the industry. Industry revenue is estimated to rise at a CAGR of 1.7% to $1.1 billion over the five years to 2023, despite a decrease of 0.5% in 2023 alone. This industry manufactures hot tubs, spas and whirlpools made from nonceramic materials (e.g. fiberglass or acrylic). A hot tub is a large tub or small pool full of heated water that is used for soaking, relaxation, massages or hydrotherapy. In most cases, they have jets for massage purposes. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.