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 SWOT Analysis Chapter
The Hot Tub Manufacturing industry is in the mature stage of its life cycle. Industry value added, which measures an industry's contribution to the overall economy, is projected to grow at an annualized rate of 2.5% in the 10 years to 2019. Over the same period, US gross domestic product is anticipated to increase at an average annual rate of 2.5%. As a result, this industry's importance to the economy will remain relatively stable, indicating a mature industry.
Revenue has recovered only slightly over the past five years after crashing in 2009 and 2010. Hot tubs are a luxury home improvement product and demand was stable prior to the recession. As the economy continues to expand over the next five years, this industry is anticipated to resume steady growth... purchase to read more