Technavio has been monitoring the hot tub covers market and is forecast to grow by $ 93.2 mn during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. Our report on the hot tub covers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of luxury spa hotels and resorts, growing wellness and hydrotherapy focus, and rising demand for energy-efficient hot tub covers.
Technavio's hot tub covers market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.27%
CAGR
5.97%
Incremental Value
$93.2mn
By End-user
Residential
Commercial
By Distribution Channel
Offline
Online
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing use of smart hot tub covers as one of the prime reasons driving the hot tub covers market growth during the next few years. Also, growing adoption of omnichannel methods and increasing demand for bio-based hot tub covers will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the hot tub covers market covers the following areas:
Hot tub covers market sizing
Hot tub covers market forecast
Hot tub covers market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hot tub covers market vendors that include Artesian Spa Cover, Beachcomber Hot Tubs, Canadian Spa Co. Ltd., Cedar Mountain Spa Covers, Core Covers, Coverstore, Diverse Designs Ltd. LLC, Florida Spa Covers, Hot Tub Covers Canada, MySpaCover, Northern Hot tub Covers, Pool Covers Inc., Prestige Spa Covers, Saturn Spas, Selective Covers, Spa Cover Inc., The Cover Guy, Twin Star International Inc., Watkins Wellness, and Wellisspa. Also, the hot tub covers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Hot Tub Covers Market 2018 - 2022
Historic Market Size - Data Table on Global Hot Tub Covers Market 2018 - 2022 ($ million)