The Europe Cold Plunge Tub Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 22,717.7 units, showcasing a growth of 1.8% (2019-2022).
Rising investments in private hospitals, healthcare facilities, spas, and the fitness sector will further fuel the market's expansion. Hydrotherapy is being highlighted as a treatment for major commercial and public healthcare institutions, significantly boosting market share growth over the projection period.
The main objective of the market is to offer an affordable and effective way of incorporating cold water therapy into daily routines. These tubs provide an easy and enjoyable approach to boosting general well-being. With the increased emphasis on health and well-being, more people are looking for natural ways to accomplish this. The increasing public awareness of the advantages of cold-water therapy drives the market for such products.
These days, indoor cold plunge pools are becoming very popular. Unlike outdoor plunge pools, which may only be accessible during specific seasons, indoor cold plunge pools offer easy accessibility regardless of weather. The advantages of cold therapy remain accessible to users due to indoor pools, which may be utilized whenever consumers want. Unlike outdoor pools, indoor cold plunge pools offer a more isolated setting. This qualifies them for residential properties, spas, fitness centres, and wellness facilities, which emphasize privacy, ultimately fuelling market demand.
Europe is one of the most popular tourist destinations because the continent of Europe is home to numerous well-known and unforgettable historic monuments, as well as beautiful vintage buildings and construction projects. The development of European regions is greatly aided by tourism, which enhances cultural heritage, fosters sustainable development, and helps establish the European personality. Additionally, rising health spending enables companies to access more of the market as people are increasingly conscious of the region's well-being. Therefore, the region will present lucrative growth prospects for the growth of the market.
The Germany market dominated the Europe Cold Plunge Tub Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.5 million by 2030. The UK market is poised to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The France market would witness a CAGR of 4.9% during (2023 - 2030).
Based on Type, the market is segmented into Above-ground, and In-ground. Based on End-use, the market is segmented into Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Cold Plunge Tub Market is Projected to reach USD 424.5 Million by 2030, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Ice Bath Co., Ice Barrel, Inc., Cold Tub, iCoolsport, Renu Therapy, Plunge, Brass Monkey Health Ltd., Jacuzzi Brands, LLC (Investindustrial), Build HQ, and Diamond Spas, Inc.
By Type (Volume, Units, USD Million, 2019-2030)
By End-use (Volume, Units, USD Million, 2019-2030)
By Country (Volume, Units, USD Million, 2019-2030)
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