Product Code: GVR-4-68039-955-7
Cold Plunge Tub Market Growth & Trends:
The global cold plunge tub market size is expected to reach USD 426.79 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.3% from 2024 to 2030. Cold plunge therapy helps reduce inflammation, pain, and muscular soreness and is hence popular among athletes and sports persons. In addition, cold water immersion is linked to improved mood, reduced stress, and enhanced mental clarity, appealing to the health-conscious population. The growing awareness about the benefits of cold plunge therapy through educational content, research, and endorsements by health professionals and athletes drives the market growth.
Many sportsmen have a routine of dipping into an ice bath after a workout. This practice, also known as cold water immersion, helps them recover more quickly and lessen muscular stiffness and soreness after intense training sessions or contests. Due to the treatment's increased attention, patients and athletes are becoming more aware of hydrotherapy, which has gained prominent focus among sportspeople.
A rise in the population's use of cold plunge pools is also related to the rising demand for hydrotherapy due to numerous neurologic and musculoskeletal diseases. As a result, the market for cold plunge tubs is estimated to witness strong growth over the forecast period. Rising investments in private hospitals, healthcare facilities, spas, and the fitness industry will further accelerate the industry's growth.
The rise in wellness tourism and the resurgent global hospitality industry have contributed to the demand for cold plunge tubs over the last few years. Cold plunge tubs are widely used in spas and health-centric resorts. Cold-water therapy is an ancient practice and a growing trend in health and wellness today. It has numerous benefits, such as promoting deeper sleep, increasing energy levels, improving blood circulation, and reducing inflammation. Therefore, a rise in the number of spas and health resorts across the globe has driven the market growth.
Innovative bathroom products have become a style statement across several countries, including the U.S., the UK, Canada, Germany, France, China, India, and Japan. Plumbers, builders, and interior designers are increasingly focusing on installing trendy and innovative products such as showers, toilets, bathtubs, cold plunge tubs, faucets, and mirrors within an integrated setup.
The demand for smart cold plunge tubs like The Plunge is increasing due to their advanced features and convenience. Users seek efficient cooling systems that maintain low temperatures even in hot climates, ensuring a consistent cold plunge experience. The integration of smartphone apps for remote temperature control adds to the appeal, allowing users to prepare their tubs anytime, enhancing their routines.
Health and well-being have gained increased importance in daily life and travel, especially in post-pandemic times. As a result, there has been a sharp rise in wellness travel. Wellness travel is associated with the pursuit of amplifying one's own well-being. Cold plunges are rising in popularity at luxury hotels as an ideal wellness experience to support good immunity, circulation, lymphatic drainage, and even metabolism.
Cold Plunge Tub Market Report Highlights:
- Commercial application of cold plunge tubs accounted for a substantial share in the global cold plunge tubs market in 2023.
- This is due to their widespread use in athletes and rehabilitation facilities, which require high-quality, durable equipment for optimal performance and recovery. In addition, their ability to accommodate multiple users and integrate advanced features makes them ideal for professional settings.
- The Asia Pacific market for cold plunge tubs is expected to grow at a significant growth rate from 2024 to 2030.
- The demand in Asia Pacific is expected to grow progressively during the forecasted period due to the rapidly expanding health, fitness, and wellness centers and populations' increasing preferences towards health and mental wellness activities.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Application Outlook
- 2.3. Regional Outlook
- 2.4. Competitive Landscape Snapshot
Chapter 3. Cold Plunge Tub Market Variables and Trends
- 3.1. Market Introduction
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends & Outlook
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Cold Plunge Tub Market Variables and Trends
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Cold Plunge Tub Market: Application Estimates & Trend Analysis
- 5.1. Cold Plunge Tub Market, By Application: Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2023 & 2030
- 5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 5.3.1. Commercial
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.1.2. Wellness Centers/Gyms/Spas
- 5.3.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.1.3. Hotels/Hospitality
- 5.3.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.1.4. Hospitals/Medical Centers
- 5.3.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.1.5. Institutional
- 5.3.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.1.6. Others
- 5.3.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Residential
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Cold Plunge Tub Market: Regional Estimates & Trend Analysis
- 6.1. Cold Plunge Tub Market: Regional Outlook
- 6.2. Regional Marketplaces: Key Takeaways
- 6.3. Market Estimates & Forecasts, by region, 2018 - 2030 (USD Million)
- 6.3.1. North America
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.1.2. U.S.
- 6.3.1.2.1. Key country dynamics
- 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.1.3. Canada
- 6.3.1.3.1. Key country dynamics
- 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.1.4. Mexico
- 6.3.1.4.1. Key country dynamics
- 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Europe
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.2. UK
- 6.3.2.2.1. Key country dynamics
- 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.3. Germany
- 6.3.2.3.1. Key country dynamics
- 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.4. France
- 6.3.2.4.1. Key country dynamics
- 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.5. Italy
- 6.3.2.5.1. Key country dynamics
- 6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.6. Spain
- 6.3.2.6.1. Key country dynamics
- 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. Asia Pacific
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3.2. China
- 6.3.3.2.1. Key country dynamics
- 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3.3. Japan
- 6.3.3.3.1. Key country dynamics
- 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3.4. India
- 6.3.3.4.1. Key country dynamics
- 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3.5. Australia
- 6.3.3.5.1. Key country dynamics
- 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3.6. South Korea
- 6.3.3.6.1. Key country dynamics
- 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4. Central & South America
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Brazil
- 6.3.4.2.1. Key country dynamics
- 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5. Middle East & Africa
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5.2. South Africa
- 6.3.5.2.1. Key country dynamics
- 6.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Cold Plunge Tub Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, by Key Market Participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.6. Company Market Share Analysis, 2023 (%)
- 7.7. Company Heat Map Analysis, 2023
- 7.8. Strategy Mapping
- 7.9. Company Profiles
- 7.9.1. Plunge
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Portfolios
- 7.9.1.4. Strategic Initiatives
- 7.9.2. COLDTUB
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Portfolios
- 7.9.2.4. Strategic Initiatives
- 7.9.3. Renu Therapy
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Portfolios
- 7.9.3.4. Strategic Initiatives
- 7.9.4. Edge Theory Labs, Inc
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Portfolios
- 7.9.4.4. Strategic Initiatives
- 7.9.5. BlueCube Cold Plunge Tubs & BlueCube Wellness LLC
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Portfolios
- 7.9.5.4. Strategic Initiatives
- 7.9.6. iCool (Australia) Pty Ltd
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Portfolios
- 7.9.6.4. Strategic Initiatives
- 7.9.7. Brass Monkey Health Ltd
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Portfolios
- 7.9.7.4. Strategic Initiatives
- 7.9.8. Morozko Forge
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Portfolios
- 7.9.8.4. Strategic Initiatives
- 7.9.9. Ice Barrel Inc.
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Portfolios
- 7.9.9.4. Strategic Initiatives
- 7.9.10. The Ice Bath Co.
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Portfolios
- 7.9.10.4. Strategic Initiatives
- 7.9.11. Odin Ice Baths Pty Ltd
- 7.9.11.1. Company Overview
- 7.9.11.2. Financial Performance
- 7.9.11.3. Product Portfolios
- 7.9.11.4. Strategic Initiatives