Hot Tub Manufacturing
Despite some recovery since 2012, the Hot Tub Manufacturing industry remains much smaller than it was before the recession. Given that hot tubs and spas are highly discretionary luxury goods, demand primarily depends on consumer confidence and per capita disposable income. Challenging operating conditions and lackluster demand from both residential remodeling and new construction have forced many small companies to exit this industry or merge with competitors. Over the next five years, the Hot Tub Manufacturing industry is projected to grow moderately, though annual sales are unlikely to surpass the historically high levels reached in 2004 and 2005. The recovering economy will bolster disposable income and consumer confidence, stimulating a new wave of hot tub purchases.
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.
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