Bubbling up: Higher incomes and confidence will stimulate a new wave of hot tub purchases

The Hot Tub Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.


Industry Threats & Opportunities

  • As the number of higher-income households rises, demand for hot tubs will grow
  • Poor profitability and falling revenue caused operators to consolidate or exit this industry
  • Growth in the number of higher-income households will bolster demand for hot tubs

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    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...

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    Industry Report - Industry Products Chapter

    The Hot Tub Manufacturing industry comprises of operators that are primarily responsible for the complete assembly (i.e. new products, maintenance and repairs) of hot tubs and related products, including plastic (i.e. non-porcelain) whirlpools and exercise pools. There are several distinctions between hot tubs or spas and whirlpool baths. Most importantly, whirlpool baths are generally installed into residential bathrooms and drained after each use. In contrast, hot tubs are larger, generally installed outside and use circulated filtered water that is only drained a few times a year. Lar..

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    Additional Insights for the Hot Tub Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hot Tub Manufacturing Industry are

  • Economies of scale
  • Ability to reduce labor costs
  • Control distribution networks
  • IBISWorld analysts also discuss how external factors such as Households earning more than $100,000 and Per capita disposable income in the Hot Tub Manufacturing industry impact industry performance..

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    Industry Products

    What is the Hot Tub Manufacturing Industry?

    This industry manufactures hot tubs, spas and whirlpools made from non-ceramic materials (e.g. fiberglass or acrylic). A hot tub is a large tub or small pool full of heated water and used for soaking, relaxation, massages or hydrotherapy. In most cases, they have jets for massage purposes.

    Industry Products
    Aboveground (portable) hot tubs
    Inground hot tubs
    Whirlpool baths
    Industry Activities
    Manufacturing hot tubs and spas

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Households earning more than $100,000
  • Per capita disposable income
  • Consumer Confidence Index
  • Price of plastic materials and resin

  • Current Performance
  • Major markets
  • Manufacturers consolidate
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer demand recovers while input prices rebound
  • Industry structure
  • International trade
  • Table: Hot Tub Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hot Tub Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Sporting Goods Wholesaling
  • Small Specialty Retail Stores
  • Consumers

  • Key Selling Industries
  • Plastic & Resin Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Wood Paneling Manufacturing

  • Products & Services
  • Whirlpool baths
  • Aboveground (portable) hot tubs
  • Inground hot tubs
  • Other
  • Chart: Hot Tub Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential remodeling
  • Commercial and institutional
  • Residential new construction
  • Exports
  • Chart: Major Market Segmentation for the Hot Tub Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hot Tub Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hot Tub Manufacturing Industry

  • Industry Globalization
    Major Companies
    Jacuzzi Brands CorporationMasco Corp.
  • Table: Jacuzzi Brands Corporation - financial performance
  • Table: Masco Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hot Tub Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hot Tub Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Private spending on home improvements (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Exercise Spas
  • Hot tubs with water jets and heat designed for massages and hydrotherapy.
  • Hot Tub
  • A large tub or small pool, usually made from plastic or fiberglass, that is filled with heated water and used for soaking and relaxation.
  • Portable Hot Tub
  • A self-contained hot tub with internal heating and plumbing equipment that can be transported.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hot Tub Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hot Tub Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hot Tub Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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