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 Investment Chapter
The Hot Tub manufacturing industry has a medium level of capital intensity. Similar to other manufacturing industries, hot tub manufacturers require factories, tools and equipment. Additionally, some larger manufacturers require transportation vehicles to deliver hot tubs to downstream distributors. Conversely, industry operators also require considerable labor. Workers are needed to construct, inspect and repair hot tubs. In 2014, for every dollar spent on labor, the industry is expected to spend $0.19 on capital investments.
Capital intensity has declined over the past five years. Operators cut wages but required some labor to keep facilities running, even when demand was poor... purchase to read more