Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,130 Million | USD 3,490 Million | 13% | 2023 |
The global sauna services market size was evaluated at $1,130 million in 2023 and is slated to hit $3,490 million by the end of 2032 with a CAGR of nearly 13% between 2024 and 2032.
Sauna is a small room that is kept warmer by heating them at a temperature of nearly 149-degree Fahrenheit to 194-degree Fahrenheit. Reportedly, the saunas where sauna services are offered are made up of wood and comprise of sauna equipment which are used in sauna services. Moreover, saunas include temperature control for regulating the temperature.
Rising end-user demand for sauna bath to boost the growth of the market globally over 2024-2032
Humungous consumer demand for sauna services globally is anticipated to embellish the growth of the sauna services market across the globe. Technological breakthroughs play a key role in the growth of the global market. Additionally, favorable government policies are likely to aid the expansion of the market space in the near future. Firms are exploring new strategies and trying to explore new growth avenues in untapped regions, thereby driving the global market trends. Introduction of technologically new infrared saunas will scale up the expansion of the global market in the near future.
Stringent enforcement of rules can halt the growth of the global industry over forecast period
Strict laws governing sauna services can pose a huge challenge to the growth of the global sauna services industry in the years ahead.
An increment in the investments in R&D programs can open a slew of growth avenues for the global market
A surge in research activities along with the launching of new services at affordable costs will open new growth avenues for the global sauna services market in the years ahead. A prominent rise in the allocation of funds in promotional activities such as branding and marketing of sauna services will further shape the expansion of the market globally.
Need for huge preliminary funds for establishment of saunas can create obstacles in the global market surge
High initial investments for setting up sauna facilities can deter the new players from entering the business, thereby adversely impacting the expansion of the global sauna services industry.
The global sauna services market is divided into type, age group, and region.
In terms of type, the sauna services market across the globe is bifurcated into outdoor saunas and indoor saunas segments. Additionally, the outdoor saunas segment, which gathered about 45% of the global market revenue in 2023, is predicted to register the highest CAGR in the forecast timeline. The growth of the segment in the next eight years can be subject to beneficial features of outdoor saunas such as durability and ability to withstand extreme climatic conditions. Apart from this, these saunas are unique and provide a refreshing experience to the customers. Moreover, they offer aesthetic appeal to the customers.
Based on the age group, the global sauna services industry is divided into lesser than 18, 18 to 25, 26 to 35, 36 to 50, 51 to 65, and more than 65 segments. Furthermore, the 26 to 35 segment, which garnered approximately 60% of the global industry earnings in 2023, is projected to make key contributions toward the global industry over the forecasting years. The segmental expansion in the upcoming years can be attributed to a rise in the focus of customers belonging to the age-group of 26-35 on health & wellness, detoxification of their bodies, and reducing weight.
Report Attributes | Report Details |
---|---|
Report Name | Sauna Services Market |
Market Size in 2023 | USD 1,130 Million |
Market Forecast in 2032 | USD 3,490 Million |
Growth Rate | CAGR of 13% |
Number of Pages | 205 |
Key Companies Covered | Harvia Plc, herme Erding, SAWO Inc., Kotiharjun Sauna, Suomen Saunaseura, Loyly Helsinki, Original SkySauna, SPAWORLD, Wi Spa, KLAFS GmbH & Co. KG, Sauna King, Lonnan Sauna, TyloHelo Oy, Duravit, Physiotherm GmbH, Effegibi, Sunlighten Inc., and others. |
Segments Covered | By Type, By Age-Group, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is expected to maintain the leading status in the global market in the next few years
Europe, which contributed about 66% of the global sauna services market proceeds in 2023, is projected to retain global market domination in the forecasting years. Furthermore, the regional market expansion in the coming eight years can be a result of thriving health & wellness and tourism sectors in the countries such as Denmark, Finland, Austria, Norway, Sweden, Italy, and France. Additionally, these countries have the largest number of saunas in the world. Apart from this, sauna bath has become a tradition in Europe, thereby contributing massively towards segmental growth.
North American sauna services industry is predicted to record the fastest growth rate in the forecast timeline. The swift expansion of the industry in the North American sub-continent during the period from 2024 to 2032 can be attributed to escalating demand for sauna services owing to the wellness & relaxation trends among the population in the U.S. and Canada. Apparently, sauna treatment has gained traction in these countries, thereby boosting the industry trends in the sub-continent.
The global sauna services market profiles key players such as:
The global sauna services market is segmented as follows:
By Type
By Age-Group
FrequentlyAsked Questions
Sauna is a small room that is kept warmer by heating them at a temperature of nearly 149-degree Fahrenheit to 194-degree Fahrenheit. Reportedly, the saunas where sauna services are offered are made up of wood and comprises of sauna equipment which are used in sauna services.
The global sauna services market growth over the forecast period can be owing to the introduction of technologically new infrared saunas.
According to a study, the global sauna services industry size was $1,130 million in 2023 and is projected to reach $3,490 million by the end of 2032.
The global sauna services market is anticipated to record a CAGR of nearly 13% from 2024 to 2032.
North American sauna services industry is set to register the fastest CAGR over the forecasting timeline owing to escalating demand for sauna services owing to wellness & relaxation trends among the population in the U.S. and Canada. Apparently, sauna treatment has gained traction in these countries, thereby boosting the industry trends in the sub-continent.
The global sauna services market is led by players such as Harvia Plc, herme Erding, SAWO Inc., Kotiharjun Sauna, Suomen Saunaseura, Loyly Helsinki, Original SkySauna, SPAWORLD, Wi Spa, KLAFS GmbH & Co. KG, Sauna King, Lonnan Sauna, TyloHelo Oy, Duravit, Physiotherm GmbH, Effegibi, and Sunlighten, Inc.
The global sauna services market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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