The Sauna Market in US to grow by USD 12.19 million from 2022 to 2027 | The increasing focus on wellness and self-care to boost market growth - Technavio

NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The sauna market in US is estimated to increase by USD 12.19 million from 2022 to 2027, with a CAGR of 4.02%, according to the recent market study by Technavio. The increasing focus on wellness and self-care is a key factor driving market growth. There is a significant shift in people's priorities, with an increasing emphasis on health and well-being. As individuals become more concerned with their physical and mental health, they actively seek out experiences and products that promote relaxation, stress reduction, and overall well-being. Saunas, recognized for their potential health benefits, have become popular as an important part of a holistic wellness routine, complementing practices such as yoga, meditation, and yoga. massage therapy. Hence, these factors are expected to drive market growth during the forecast period. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report - Request a sample report

Sauna Market in US - Company Scope

The sauna market in US report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 companies listed Below -

Almost Heaven Group LLC, Bsaunas Inc., Cedarbrook Sauna and Steam, Divine Environments Inc., Golden Design Inc., Great Bay Spa and Sauna, Harvia Plc, Health Mate Sauna, Heavenly Heat Saunas, KLAFS GmbH, Nootka Collective Inc., QCA Spas Inc., Rocky Mountain Saunas, Salus Saunas, Sauna Works Inc., Sauna360 Group Oy, Sunlighten Inc., Superior Sauna, ThermaSol Steam Bath LLC, and TyloHelo Group Download a Sample

Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Sauna Market in US

Sauna Market in US - Segmentation

The market is segmented by end-user (hotel, gym, household, and others), and product type (traditional, steam, and infrared)

• The hotel segment is estimated to witness significant growth during the forecast period.  This segment includes a wide variety of accommodation types including luxury hotels, boutique hotels, budget hotels, and resorts, among others. These facilities offer a variety of sauna services, including steam rooms, as part of their service. Furthermore, this growth is driven by a growing demand for healthcare tourism. Many travelers seek out hotels with saunas and spas to enhance their travel experience and provide a sense of relaxation. Therefore, hotels increasingly invest in sauna facilities to attract and retain customers. Thus, such factors are expected to drive segment growth during the forecast period.

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Sauna Market In US - Market Dynamics

• Major Trend - The growing adoption of home saunas is a major trend in the market.
• Significant Challenge - The availability of several alternatives to saunas is a significant challenge restricting market growth. 

For Insights on the market dynamics & segmentations VIEW PDF SAMPLE!

What are the key data covered in this Sauna Market In US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the sauna market in US between 2023 and 2027
• Precise estimation of the size of the sauna market in US  and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Sauna Market In US 
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of the sauna market in US companies

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The sauna and spa market is estimated to grow at a CAGR of 5.85% between 2022 and 2027. The sauna and spa market size is forecasted to increase by USD 1,318.7 million.  This sauna and spa market report extensively covers market segmentation by type (entertainment and medical), application (hotel, gym and spas, household, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The growth in the tourism and hospitality industry is notably driving market growth. 

The spa market is estimated to grow at a CAGR of 6.09% between 2022 and 2027. The spa market size is forecast to increase by USD 40.42 billion. This spa services market research report extensively covers market segmentation by end-user (female and male), type (day/club/salon spa, hotel/resort spa, destination spa, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The market growth of spas is being driven by the increasing popularity of treatments for the face, body, and hair. 

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End User

7 Market Segmentation by Product Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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SOURCE Technavio