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The new report on the Outdoor Hot Tub Market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. The study provides projections of the opportunities and shares, both vis-à-vis value (US$Mn/Bn) and volume volume (n units), of various segments in the Outdoor Hot Tub Market during the forecast period of 2018 – 2028. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Outdoor Hot Tub Market.
Growing Popularity of Spa and Hydrotherapy to Broaden Growth Opportunities for Leading Companies
With the fast-paced and hectic lifestyle, individuals continue to experience stress, tensions, increased muscle soreness. In order to detoxify the body, individuals prefer spending on outdoor spa services and hydrotherapy. Growing popularity of spa and hydrotherapy among individuals will intensify demand for the outdoor hot tubs in the spa and wellness industry. As hydrotherapy and outdoor spa therapies help in relieving muscle pains and tensions, individuals are replicating these relaxing techniques and accommodating at their residence.
Growing need for effective stress relieving hydrotherapy has led spa and therapeutic centers to invest in outdoor hot tubs that are equipped with innovative and novel technological features. As per a recent survey conducted, the citizens of Britain spent nearly £7.6 billion on the spa and salon treatments in 2017. This trend is expected to be followed in various countries over the coming years.
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The study provides detailed profile of key players and their offering in the Outdoor Hot Tub Market, which include
Acquavia, Jacuzzi, Lifesmart, Villeroy & Boch, and Apollo Spas.
The report offers insight into the competitive dynamic in the Outdoor Hot Tub Market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the Outdoor Hot Tub Market are presented in the analysis. Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.
Self-Cleaning, Hydrowise Thermal Shield, Whisper, and JetPak Technologies: Key Companies to Narrow their Focus towards Diversifying their Product Line
Ongoing advancements in technology have reflected on the decisions of leading outdoor hot tub manufacturers. To pace ahead in the competitive market, major manufacturers are focusing on leveraging cutting-edge technologies such as JetPak-technology, self-cleaning, and Hydrowise Thermal Shield Technology. For instance, a major manufacturer of ceramics, Villeroy & Boch is focused towards equipping the outdoor hot tubs with JetPak technology to offer effective back massage to the end users.
In addition, a leading corporation, Jacuzzi is focused on diversifying their product line with the integration of various novel technologies such as Aquasystem multi-program and Whisper technology. With the incorporation of leading technological solutions, the company is focusing on offering multi-sensorial experience and enhanced comfort. Besides innovative technological features, the companies are also differentiating their product line by incorporating ergonomic designs in a range of their tubs. To sustain their lead in the competitive market, major manufacturers are investing in the product innovation and development.
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The global Outdoor Hot Tub Market report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the Outdoor Hot Tub Market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the Outdoor Hot Tub Market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Outdoor Hot Tub Market?
- What are the strategies adopted by top players to retain their stronghold in the Outdoor Hot Tub Market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the Outdoor Hot Tub Market?
How can Fact.MR Make Difference?
In-depth understanding of key industry trends shaping the present growth dynamics
- Offers value chain analysis and price trend analysis of various offering of competitors
- Offers data-drive decision to help companies decide strategies that need recalibration
- Offers insights into areas in research and development that should attract
- Identifies data outliers before your competitors
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