The cold plunge tub market is poised for significant growth, with the global market size estimated to reach US$ 332.9 million in 2024. The cold plunge tub sales are expected to witness a robust CAGR of 5.2% from 2024 to 2034. By 2034, the cold plunge tub demand is anticipated to reach a valuation of US$ 552.7 million.
The surge in the popularity of hydrotherapy and the growing awareness of the health benefits associated with cold-water therapy are driving the expansion of the cold plunge tub market. Increased recognition of the advantages offered by cold-water treatment is stimulating the demand for cold plunge tubs. These tubs are becoming increasingly accessible to a diverse range of individuals, thanks to their growing presence in fitness centers, spas, and other public spaces.
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Frosty Hurdles in the Cold Plunge Tub Industry
High initial maintenance and installation expenses are significant obstacles to cold plunge pool market expansion. Consumers’ lack of knowledge and comprehension of the health advantages of cold plunge therapy constrain the market growth for cold plunge tub. The widespread adoption of cold plunge tubs is hampered by the availability of substitute recovery techniques and the requirement for specialized knowledge.
Regional Outlook
Due to athletes’ growing desire for cold water baths, North America controls the majority of the cold plunge tub market in 2024. Rising investments in the fitness, spa, and private health and wellness sectors present profitable opportunities for cold plunge tub vendors. Growth-promoting, less invasive treatments for orthopedic issues, sports-related injuries, and low back pain, including hydrotherapy and water therapy, are widespread.
Due to the increased adoption of cold plunge tubs by spas, gyms, and resorts in Asia Pacific, the region is projected to act as a lucrative market. Opportunities in the cold plunge tub industry arise from the growing health and wellness sector. To eliminate cost constraints and support market expansion, cold plunge tub manufacturers use less expensive raw material alternatives to make new products.
“The cold plunge tub industry is shaped by growing health consciousness among consumers in emerging nations. The demand for cold plunge tubs increases as athletes, enthusiasts, and teams use them for injury prevention and recovery, stimulating the growth of the sports and fitness industries. Producers of cold plunge tubs spend money on research and development, improving winter sports’ technological and material aspects, and creating new products to expand the market.”, says FMI Analyst
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Key Takeaways
• The commercial segment in the application category is projected to garner a share of 8% in 2024. • The above-ground segment of the market by type is expected to achieve a market share of 9% in 2024. • The cold plunge tub market in the United States is expected to rise at a CAGR of 2.9% over the forecast period. • The cold plunge tub market in Germany is expected to evolve at a CAGR of 4.4% through 2034. • Sales of cold plunge tubs in China are predicted to rise at a CAGR of 7.0% through 2034. • India’s cold plunge tub industry is expected to flourish at a CAGR of 7.5% over the forecast period. • A CAGR of 4.7% is projected for cold plunge pool market in Australia from 2024 to 2034.
Competitive Landscape
Key manufacturers adopt strategies such as mergers and acquisitions to gain higher revenue and increase their expansion prospects in the cold plunge tub market.
Cold plunge tub manufacturers are introducing highly advanced and customized cold plunge tubs to capitalize on innovative trends. Due to their provision of distinct pools for residential and commercial sectors, based on application, the market is growing.
Vital Cold Plunge Tub Manufacturers
• Hotbarrel • The Ice Bath Co. • Ice Barrel • Cold Tub • iCool • Renu Therapy • Plunge • Brass Monkey Health Ltd • Jacuzzi Inc. • BuiltHQ
Latest Developments
• Brass Monkey Health Ltd. expanded its operation unit, gaining recognition in the international market in April 2023. • The acquisition of Meranus Group, a prominent German distributor of swimming pool equipment, was announced by Fluidra S.A. in December 2022. The company provided an extensive product portfolio to a larger customer base, strengthened its multi-product strategy, and improved its distribution network in Germany owing to the acquisition.