Transparency Market Research delivers key insights into the global cold plunge pools market. In terms of revenue, the global cold plunge pools market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global cold plunge pools market.
The global market for cold plunge pools is largely affected by numerous factors, including rising consumer awareness and growing adoption of hydrotherapy equipment to treat sports injuries and enhance physical fitness.
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Cold Plunge Pools Market: Key Segments
The global cold plunge pools market has been segmented based on size, category, end use, application, and region. In terms of size, the market has been divided into small (1-6 users), medium (6-8 users), large (8-10 users), and XL (10-12 users). The demand for medium size cold plunge pools is higher in the global market. However, ongoing R&D activities in the field of chillers technology is estimated to drive the demand for small size cold plunge pools during the forecast period.
Based on category, the market has been divided into indoor cold plunge pools and outdoor cold plunge pools. Indoor cold plunge pools are popular and exhibit high demand compared to outdoor plunge pools. Fitness centers, spas, and sports facilities tend to install indoor cold plunge pools to offer better hydrotherapy experiences during all the seasons.
In terms of end use, the market has been categorized into hospitals, specialty physical therapy clinics, home care settings, fitness centers & beauty spas, and others, which includes senior living centers, etc. Specialty physical therapy clinics and fitness centers & beauty spas are prominent end users of cold plunge pools. Key companies target these end users with improved product designs, technical specifications, and after-sale services.
Based on application, the market has been classified into pain management, cardiology, dermatology, oncology, orthopedics, sports conditioning, pediatrics, neurology, bariatric, and Alzheimer. Additionally, the report categorizes each application segment into rehabilitation and fitness/conditioning. Cold plunge pools are traditionally popular among European consumers to cure sports injuries and orthopedic conditions such as rheumatoid arthritis, lower back pain, and ligament injuries.
Cold Plunge Pools Market: Prominent Regions
The global cold plunge pools market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Turkey, Egypt, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The demand for cold plunge pools in Asia Pacific is anticipated to expand at a significant CAGR followed by South America during the forecast period, owing to increasing preference for cold plunge pools by homeowners and commercial end users such as resorts, fitness centers, and spas in these regions. The cold plunge pools market in Asia Pacific is anticipated to expand at a CAGR of 4.5% during 2021–2031.
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In Asia Pacific, the cold plunge pools market generated revenue worth US$ 47 Mn in 2020. China and Japan collectively accounted for around 43% revenue share in 2020. Evolving health and wellness industry, along with rising number of health conscious consumers in key countries, including India, China, Australia, Japan, and Indonesia is likely to offer profitable opportunities to the cold plunge pools market in the upcoming years. Increasing number of local manufacturers and rising consumer awareness about hydrotherapy in the cure of orthopedic diseases are likely to push the demand for cold plunge pools during the forecast period.
Cold Plunge Pools Market: Key Players
Key players operating in the global cold plunge pools market are A&T Europe Spa, Fluidra S.A (AstralPool), Diamond Spas, Inc., HydroWorx, KLAFS GmbH & Co. KG, RivieraPool (RivieraPool Fertigschwimmbad GmbH ), Soake Pools, LLC, SwimEx, ColdTub, MILESTONE LANDSCAPING LLC, CET Ltd., ARS, Inc., and iCool International.
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