Hot Tub Manufacturing
Despite the Hot Tub Manufacturing industry being much smaller than it was before the recession, strong construction activity and increased disposable income have helped the industry grow over the five years to 2018. 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 competitive pressures have forced many small companies to exit this industry or merge with other operators. Over the five years to 2023, the Hot Tub Manufacturing industry is projected to continue growing, due to sustained growth in most relevant economic conditions. However, waning consumer confidence is likely to decelerate industry growth as compared with the previous period. Nonetheless, the economy is expected to experience bolstered disposable income, 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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