Canada Cold Plunge Tub Market Size & Outlook, 2023-2030
Canada cold plunge tub market, 2018-2030 (US$M)
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Canada cold plunge tub market highlights
- The Canada cold plunge tub market generated a revenue of USD 13.7 million in 2023 and is expected to reach USD 20.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, commercial was the largest revenue generating application in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
Cold plunge tub market data book summary
| Market revenue in 2023 | USD 13.7 million |
| Market revenue in 2030 | USD 20.2 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Commercial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commercial, Residential |
| Key market players worldwide | Ice Barrel, Coldtub, Icoolsport, Plunge, Brass Monkey, Jacuzzi Brands |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global cold plunge tub market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cold plunge tub market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20.2 million by 2030.
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Cold Plunge Tub Market Scope
Cold Plunge Tub Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cold plunge tub market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold plunge tub market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 81.02% in 2023. Horizon Databook has segmented the Canada cold plunge tub market based on commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Consumers are increasingly installing various bathroom products owing to changing lifestyle trends and novel bathroom renovation projects. This is also anticipated to push the demand for cold plunge tubs in the country. For the same reason, businesses in the cold plunge tub industry are providing functional and aesthetically pleasing products.
Key players in Canada are offering innovative products that are energy-efficient and easy to install. For instance, Northern Saunas, a Canada-based manufacturer of heaters, saunas, and tubs, offers a Sindri Hot tub and cold plunge combo. It has a water capacity of 615 L. The tub consumes zero electricity or gas and does not require pumps, wiring, or filtration systems to operate.
Players in the cold plunge tub market are also providing products that are simple to install, have exquisite features, enhance consumer comfort levels, and provide a professional spa-like experience. For instance, Backcountry Recreation, a Canada-based tubs and saunas manufacturer, offers a cold plunge tub to be used after a hot sauna or hot tub.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cold plunge tub market , including forecasts for subscribers. This country databook contains high-level insights into Canada cold plunge tub market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cold plunge tub market size, by application, 2018-2030 (US$M)
Canada Cold Plunge Tub Market Outlook Share, 2023 & 2030 (US$M)
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