According to the research report titled ‘Global Sauna and Spa Market size study by Application (Hotel/Hospitality, Gym/Fitness, and Spas, Household, Other Applications), By Type of Market (New, Renovation/Replacement),Regional Forecasts 2021-2027’, available with MarketStudyReport, global sauna and spa market is expected to grow at a robust rate during the forecast period 2021-2027.
 

As per the report findings, global sauna and spa market is majorly driven by increasing consumer spending capacity and tourism. In fact, as per Statista, tourism industry size was projected to be valued USD 1.3 trillion in 2021.
 

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Furthermore, growing adoption of sauna and spa services, especially among the elderly population, serves a major growth impetus for the industry. However, impact of COVID-19 pandemic may impede market growth over the analysis period due to fears of virus transmission and government restrictions for public safety.
 

For the unversed, sauna is a bathhouse, which is a tiny chamber with typically a wooden decor where people take a hot air steam bath to cleanse and refresh their bodies. Sauna and spa services are widely available to travelers at hotels as well as resorts. Moreover, businesses are offering them as part of a travel package or as an add-on.
 

Spa and sauna's therapeutic characteristics can aid with arthritis, allergies, skin disorders, and chemical sensitivities. Among other benefits, it improves cardiovascular function, relaxes muscles, relieves aches and pains in both muscles and joints, reduces the risk of Alzheimer's disease by 65%, relieves stress, and cleanses the skin.
 

From regional perspective, as per the report, the major geographies assessed for defining global sauna and spa market size are North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil). Among these, North America leads the industry expansion creditable to changing lifestyles and an expansion of the tourism businesses in the region.
 

Considering competitive landscape, Sawo Inc., Harvia plc, TyloHelo Oy Inc., KLAFS Gmbh & Company KG, Physiotherm, Sauna King Inc., Effegibi, Narvi Oy, and Duravit AG are the major players influencing the industry trends.