DUBLIN--(BUSINESS WIRE)--The "Global Sauna and Spa Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The global sauna and spa market value is forecast to reach US$4.65 billion in 2025, growing at a CAGR of 5.38% for the period spanning from 2021 to 2025.
Factors such as an inclining geriatric population, a growing US infrared sauna industry, rapid urbanization, improving consumer confidence index and escalating construction expenditure are expected to drive market growth.
However, growth of the industry will be challenged by a surge in competitive pressure, high treatment cost and a dearth of skilled professionals in developing economies.
A few notable trends include technological advancements, growing adoption of virtual reality (VR) in the spa sector and increasing preference for personal sauna & spas. In 2020, the outbreak of COVID-19 pandemic has created an unfavourable impact on the market as the sauna and spa services demand have declined rapidly between January to March.
The spa industry consists of day, hotel, medical and destination spas. While, on the basis of how the sauna room is heated, popular sauna mechanisms are infrared, steam and traditional.
The fastest growing regional market is Europe due to rising online distribution channels, accelerating infrared sauna new builds, increasing health consciousness among the population and growing inclination of consumers towards premium wellness services. Finland represents one of the largest markets and is already well-penetrated at developed market levels.
Scope of the report:
- The report provides a comprehensive analysis of the global sauna and spa market, segmented on the basis of Category i.e. replacement & new build and Segments i.e. aftermarket services, accessories and components.
- The major regional markets (Europe, Asia-Pacific and North America) have been analysed along with country coverage of Finland, Germany, China, India and US.
- The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players i.e. KLAFS GmbH & Co. KG, Harvia PLC, Anhui Saunaking Co., Ltd., TyloHelo Oy, Narvi Oy and SAWO, Inc. are also presented in detail.
Key Target Audience:
- Sauna and Spa Manufacturers
- Raw Material Suppliers
- End Users
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
Key Topics Covered:
1. Market Overview
1.2 Types of Sauna
1.3 Types of Spa
1.4 Sauna and Spa Distribution Channels
1.5 Sauna and Spa Health Benefits
2. Impact of COVID-19
2.2 Market Changes
3. Global Sauna and Spa Market Analysis
3.1 Global Sauna and Spa Market Value
3.2 Global Sauna and Spa Market Value Forecast
3.3 Global Sauna and Spa Market Value by Category
3.4 Global Sauna and Spa Market Value by Segments
3.5 Global Sauna and Spa Market Value by Region
3.6 Global Sauna Market Volume
3.7 Global Sauna Market Volume Forecast
3.8 Global Sauna Market Volume by Category
3.9 Global Sauna Market Volume by User
4. Regional Sauna and Spa Market Analysis
4.1.1 Europe Sauna and Spa Market Value
4.1.2 Europe Sauna and Spa Market Value Forecast
4.1.3 Europe Sauna and Spa Market Value by Country
4.1.4 Finland Sauna and Spa Market Value
4.1.5 Finland Sauna and Spa Market Value Forecast
4.1.6 Germany Sauna and Spa Market Value
4.1.7 Germany Sauna and Spa Market Value Forecast
4.2.1 Asia-Pacific Sauna and Spa Market Value
4.2.2 Asia-Pacific Sauna and Spa Market Value Forecast
4.2.3 Asia-Pacific Sauna and Spa Market Value by Country
4.2.4 China Sauna and Spa Market Value
4.2.5 China Sauna and Spa Market Value Forecast
4.2.6 India Sauna and Spa Market Value
4.2.7 India Sauna and Spa Market Value Forecast
4.3 North America
4.3.1 North America Sauna and Spa Market Value
4.3.2 North America Sauna and Spa Market Value Forecast
4.3.3 North America Sauna and Spa Market Value by Country
4.3.4 The U.S. Sauna and Spa Market Value
4.3.5 The U.S. Sauna and Spa Market Value Forecast
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Inclining Geriatric Population
5.1.2 Increasing US Infrared Sauna Industry
5.1.3 Rapid Urbanization
5.1.4 Improving Consumer Confidence Index
5.1.5 Escalating Construction Expenditure
5.2 Key Trends and Developments
5.2.1 Technological Advancements
5.2.2 Growing Adoption of Virtual Reality (VR) in Spa Sector
5.2.3 Increasing Preference for Personal Sauna and Spa
5.3.1 Surge in Competitive Pressure
5.3.2 High Treatment Cost
5.3.3 Dearth of Skilled Professionals in Developing Economies
6. Competitive Landscape
6.1 Global Sauna and Spa Market
6.1.1 Key Players Overview
6.1.2 Key Players - Market Share Comparison
6.1.3 Key Players - Components Market Share Comparison
7. Company Profiles
7.1 KLAFS GmbH & Co. KG
7.1.1 Business Overview
7.1.2 Business Strategies
7.2 Harvia PLC
7.3 Anhui Saunaking Co., Ltd.
7.4 TyloHelo Oy
7.5 Narvi Oy
7.6 SAWO, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/hby8z6