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Published on: Mar 2021 | From USD $2900 | Published By: KONCEPT ANALYTICS | Number Of Pages: 102
The global sauna and spa market value is forecasted 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 inclining geriatric population, increasing US infrared sauna industry, rapid urbanization, improving consumer confidence index and escalating construction expenditure are expected to drive the market growth. However, growth of the industry would be challenged by surge in competitive pressure, high treatment cost and dearth of skilled professionals in developing economies. A few notable trends include technological advancements, growing adoption of virtual reality (VR) in spa sector and increasing preference for personal sauna & spa. 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 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., TylöHelo 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
1. Market Overview
1.1 Introduction
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
2.1 Introduction
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
3.3.1 Global Sauna and Spa Replacement Market Value
3.3.2 Global Sauna and Spa Replacement Market Value Forecast
3.3.3 Global Sauna and Spa New Build Market Value
3.3.4 Global Sauna and Spa New Build Market Value Forecast
3.4 Global Sauna and Spa Market Value by Segments
3.4.1 Global Sauna and Spa Aftermarket Services Market Value
3.4.2 Global Sauna and Spa Aftermarket Services Market Value Forecast
3.4.3 Global Sauna and Spa Accessories Market Value
3.4.4 Global Sauna and Spa Accessories Market Value Forecast
3.4.5 Global Sauna and Spa Components Market Value
3.4.6 Global Sauna and Spa Components Market Value Forecast
3.4.7 Global Sauna and Spa Components Market Value by Types
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
3.8.1 Global Traditional Sauna Market Volume
3.8.2 Global Traditional Sauna Market Volume Forecast
3.8.3 Global Steam Sauna Market Volume
3.8.4 Global Steam Sauna Market Volume Forecast
3.8.5 Global Infrared Sauna Market Volume
3.8.6 Global Infrared Sauna Market Volume Forecast
3.9 Global Sauna Market Volume by User
4. Regional Sauna and Spa Market Analysis
4.1 Europe
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 Asia-Pacific
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 Challenges
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
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Anhui Saunaking Co., Ltd.
7.3.1 Business Overview
7.4 TylöHelo Oy
7.4.1 Business Overview
7.4.2 Business Strategies
7.5 Narvi Oy
7.5.1 Business Overview
7.6 SAWO, Inc.
7.6.1 Business Overview
List of Figures
Types of Sauna
Types of Spa
Sauna and Spa Distribution Channels
Global Sauna and Spa Market Value (2016-2020)
Global Sauna and Spa Market Value Forecast (2021-2025)
Global Sauna and Spa Market Value by Category (2020)
Global Sauna and Spa Replacement Market Value (2016-2020)
Global Sauna and Spa Replacement Market Value Forecast (2021-2025)
Global Sauna and Spa New Build Market Value (2016-2020)
Global Sauna and Spa New Build Market Value Forecast (2021-2025)
Global Sauna and Spa Market Value by Segments (2020)
Global Sauna and Spa Aftermarket Services Market Value (2016-2020)
Global Sauna and Spa Aftermarket Services Market Value Forecast (2021-2025)
Global Sauna and Spa Accessories Market Value (2016-2020)
Global Sauna and Spa Accessories Market Value Forecast (2021-2025)
Global Sauna and Spa Components Market Value (2016-2020)
Global Sauna and Spa Components Market Value Forecast (2021-2025)
Global Sauna and Spa Components Market Value by Types (2020)
Global Sauna and Spa Market Value by Region (2020)
Global Sauna Market Volume (2016-2020)
Global Sauna Market Volume Forecast (2021-2025)
Global Sauna Market Volume by Category (2020)
Global Traditional Sauna Market Volume (2016-2020)
Global Traditional Sauna Market Volume Forecast (2021-2025)
Global Steam Sauna Market Volume (2016-2020)
Global Steam Sauna Market Volume Forecast (2021-2025)
Global Infrared Sauna Market Volume (2016-2020)
Global Infrared Sauna Market Volume Forecast (2021-2025)
Global Sauna Market Volume by User (2020)
Europe Sauna and Spa Market Value (2016-2020)
Europe Sauna and Spa Market Value (2021-2025)
Europe Sauna and Spa Market Value by Country (2020)
Finland Sauna and Spa Market Value (2016-2020)
Finland Sauna and Spa Market Value Forecast (2021-2025)
Germany Sauna and Spa Market Value (2016-2020)
Germany Sauna and Spa Market Value Forecast (2021-2025)
Asia-Pacific Sauna and Spa Market Value (2016-2020)
Asia-Pacific Sauna and Spa Market Value Forecast (2021-2025)
Asia-Pacific Sauna and Spa Market Value by Country (2020)
China Sauna and Spa Market Value (2016-2020)
China Sauna and Spa Market Value Forecast (2021-2025)
India Sauna and Spa Market Value (2016-2020)
India Sauna and Spa Market Value Forecast (2021-2025)
North America Sauna and Spa Market Value (2016-2020)
North America Sauna and Spa Market Value Forecast (2021-2025)
North America Sauna and Spa Market Value by Country (2020)
The U.S. Sauna and Spa Market Value (2016-2020)
The U.S. Sauna and Spa Market Value Forecast (2021-2025)
Global Geriatric Population (2016-2020)
The U.S. Infrared Sauna Industry (2016-2020)
Global Urban Population (2016-2020)
Consumer Confidence Index in US and EU (2016-2020)
Global Construction Expenditure (2016-2020)
Key Players – Market Share Comparison (2020)
Key Players – Components Market Share Comparison (2020)
Harvia Revenues and Operating Profit (2016-2020)
Harvia Revenues by Segments (2020)
Harvia Revenues by Region (2020)
List of Tables
Key Players Overview
Harvia Segment Description
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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