Industry Analysis & Industry Trends
The Hot Tub Manufacturing industry significantly contracted over the past five years. Although the number of higher-income households, this industry's primary market, moderately increased, it was insufficient in preventing a major fall in revenue during the recession. Over the next five years, the industry is projected to return to growth. The recovering economy will bolster disposable income and consumer confidence, stimulating a new wave of hot tub purchases.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Hot Tub Manufacturing industry is estimated to have a low level of concentration, with the top four companies making up less than 40.0% market share by revenue. As of 2013, there are only two industry major players (Jacuzzi Brands Inc. and Masco Brands Inc.) that compete with smaller regional and local manufacturers. Market share concentration has increased over the past five years due to competitors consolidating to increase profit margins amid the recession.
Concentration increased in 2009 as demand for industry-related products declined, thus, leading to company exits. Although industry concentration is classified as low, the concentration in localized areas is often higher because smaller local operators typically locate close to their regional competitors... purchase to read more