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Global Cold Plunge Tub Market to reach USD 427.63 million by the end of 2030

Global Cold Plunge Tub Market Size study & Forecast, by Application (Commercial, Residential) and Regional Analysis, 2023-2030

Product Code: OIRHG-93450586
Publish Date: 15-11-2023
Page: 200

Global Cold Plunge Tub Market is valued at approximately USD 307.7 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2023-2030. Cold plunge pool is a small pool used for sports and physical therapy. It involves immersing the body in water at temperatures between 45 and 55 degrees Fahrenheit, which increases blood flow and triggers the production of endorphins. The market for these pools is expanding due to rising investments in private hospitals, healthcare facilities, spas, and the fitness industry. However, the small size of the pool means only a few people can fit in it, acting as a restraint towards market growth.

Hydrotherapy is a priority for treatment in both private and significant government healthcare institutions. Many sportsmen have a routine of dipping into an ice bath after a workout to recover more quickly and lessen muscular stiffness and soreness. Additionally, the high demand for hydrotherapy due to various neurologic and musculoskeletal conditions has led to increased participation in cold plunge pools. Furthermore, the healthcare industry’s high investments in setting up cold plunge pools in their facilities extend opportunities for market players. However, a plunge pool requires various qualities to function correctly, and this can cost more than the installation of pool, it also occupies larger room, hence hindering the market growth during the forecast period of 2023-2030.

The key regions considered for the Global Cold Plunge Tub Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to rising investments in private health and wellness sectors, spas, and fitness sectors. This is expected to provide major opportunities for market players. Asia Pacific is expected to grow significantly over the forecast period, as the fast-developing health and wellness sector opens up new potential for the industry in the region.

Major market player included in this report are:
The Ice Bath Co.
Ice Barrel, Inc.
Cold Tub
Renu Therapy
Brass Monkey Health Ltd
Jacuzzi Inc.

Recent Developments in the Market:
Ø In May 2023, Ice Barrel announced a partnership with CrossFit Games. The brand provide more than 200 Ice Barrels for athletes. It offer an easy way to bring ice baths for their personal use. This expand its product portfolio to a larger customer base.
Ø In August 2022, Renu Therapy partnered with Salus Saunas. And now they have expanded their product offering, which benefit to the customers more.

Global Cold Plunge Tub Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Cold Plunge Tub Market, by Region, 2020-2030 (USD Million)
1.2.2. Cold Plunge Tub Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cold Plunge Tub Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cold Plunge Tub Market Dynamics
3.1. Cold Plunge Tub Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising investments in private hospitals, healthcare facilities, spas, fitness industry Need to treat the increasing number of cases of discomfort, and muscle soreness among athletes and in sports training Rising demand for hydrotherapy
3.1.2. Market Challenges Small size of pool Requirement of many additional features
3.1.3. Market Opportunities Increasing consciousness of the cold water therapy High investments by the healthcare industry for setting up cold plunge pools in their facility

Chapter 4. Global Cold Plunge Tub Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cold Plunge Tub Market, by Application
5.1. Market Snapshot
5.2. Global Cold Plunge Tub Market by Application, Performance – Potential Analysis
5.3. Global Cold Plunge Tub Market Estimates & Forecasts by Application 2020-2030 (USD Million)
5.4. Cold Plunge Tub Market, Sub Segment Analysis
5.4.1. Commercial
5.4.2. Residential
Chapter 6. Global Cold Plunge Tub Market, Regional Analysis
6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Cold Plunge Tub Market, Regional Market Snapshot
6.4. North America Cold Plunge Tub Market
6.4.1. U.S. Cold Plunge Tub Market Application breakdown estimates & forecasts, 2020-2030
6.4.2. Canada Cold Plunge Tub Market
6.5. Europe Cold Plunge Tub Market Snapshot
6.5.1. U.K. Cold Plunge Tub Market
6.5.2. Germany Cold Plunge Tub Market
6.5.3. France Cold Plunge Tub Market
6.5.4. Spain Cold Plunge Tub Market
6.5.5. Italy Cold Plunge Tub Market
6.5.6. Rest of Europe Cold Plunge Tub Market
6.6. Asia-Pacific Cold Plunge Tub Market Snapshot
6.6.1. China Cold Plunge Tub Market
6.6.2. India Cold Plunge Tub Market
6.6.3. Japan Cold Plunge Tub Market
6.6.4. Australia Cold Plunge Tub Market
6.6.5. South Korea Cold Plunge Tub Market
6.6.6. Rest of Asia Pacific Cold Plunge Tub Market
6.7. Latin America Cold Plunge Tub Market Snapshot
6.7.1. Brazil Cold Plunge Tub Market
6.7.2. Mexico Cold Plunge Tub Market
6.8. Middle East & Africa Cold Plunge Tub Market
6.8.1. Saudi Arabia Cold Plunge Tub Market
6.8.2. South Africa Cold Plunge Tub Market
6.8.3. Rest of Middle East & Africa Cold Plunge Tub Market

Chapter 7. Competitive Intelligence
7.1. Key Company SWOT Analysis
7.1.1. Company 1
7.1.2. Company 2
7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
7.3.1. BuiltHQ Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.3.2. HotBarrel
7.3.3. The Ice Bath Co.
7.3.4. Ice Barrel, Inc.
7.3.5. Cold Tub
7.3.6. iCoolsport
7.3.7. Renu Therapy
7.3.8. Plunge
7.3.9. Brass Monkey Health Ltd
7.3.10. Jacuzzi Inc.
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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