NEW YORK, Oct. 19, 2023 /PRNewswire/ — The cold plunge tub market is estimated to grow by USD 90 million from 2022 to 2027, growing at a CAGR of 4.5%. The cold plunge tub market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer cold plunge tub market are Arctic Cold Tubs, Brass Monkey Health LTD, Cold Tribe Wellness, COLDTUB, Diamond Spas Inc., Edge Theory Labs Inc., Ice Barrel Inc., Icepodcompany LLC, iCool Australia Pty Ltd, INERGIZE HEALTH, NordicWave, Odin Ice Baths USA, PLUNGE, Polar Monkeys, Red Rock Outdoors Co., RENU Therapy, Sun Home Saunas, and Water Therapy UK Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample before buying
Company Offering:
- Arctic Cold Tubs: The company offers cold plunge tub such as 1 4HP active aqua chiller, 1HP active aqua chiller and 1HP ecoplus chiller.
- For details on companies and their offerings – Buy report!
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market.
North America accounts for 41% of the growth of the global market during the forecast period. There is an increasing demand for wellness and hydrotherapy products which is fuelling the North American cold plunge tub market. There is increasing competition in the regional market with new companies like NordicWvae acquiring traction. In addition, factors such as the growing popularity of health-conscious lifestyles and the inclusion of spa services in opulent resorts are fuelling the growth of this market in the region.
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- Impactful driver- Growing focus on health and wellness
- Key Trend – Increasing interest in creating luxurious home spa environments
- Major Challenges – High initial investment associated with cold plunge tubs
Market Segmentation
- The market share growth of the in-ground cold plunge tubs is significant during the forecast period. Due to the robust demand for this segment, in-ground cold plunge tubs are positioned as a major product type in the global cold plunge tub market. The main advantage of this segment is that it offers an opulent and seamless integration with a wide variety of locations, including spa resorts, upmarket homes, and wellness centers.
Technavio Research experts have provided more insights on the market share of segments – View FREE Sample Report
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Cold Plunge Tub Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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YoY growth 2022-2023 (%) |
4.12 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Key countries |
US, Japan, Germany, France, and UK |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Application
8 Market Segmentation by Geography
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Company Landscape
13 Company Analysis
14 Appendix
About US
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SOURCE Technavio
