Market Size of India Steam Rooms Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 3.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Steam Rooms Market Analysis
The India steam room market is expected to register a CAGR of 3.5% during the forecast period.
Millennials' disposable income, purchasing power, and spending patterns have altered drastically in the last few years. Purchasing behavior and patterns evolved as a result of urbanization and lifestyle changes. Their way of life is oriented toward social wellness, supported by increased spending due to higher incomes. This generation considers steam bathing to be a necessity. As a result, millennials are more eager to spend money on it, fueling the expansion of this industry.
COVID-19 hurt the Indian steam room market due to the rapid shutdown and spread of the illness. Because of several health issues with steam rooms, the industry witnessed a declining trend. Other industries linked to these markets were also impacted indirectly. Since individuals began to focus on their health, market growth in the post-COVID-19 period has expanded.
Rapid urbanization, sedentary lifestyles, and stressful schedules of working people are causing severe health issues. To maintain and boost productivity, working professionals must be physically and psychologically fit. Furthermore, increased acceptance of steam room services, particularly among the elderly, is one of the reasons driving demand for spa services and, therefore, considerably contributing to market development.
India Steam Rooms Industry Segmentation
A steam room is a heated room that people use for relaxation and to relieve some medical conditions. They are often found in gyms or spas. A steam room operates at high humidity of around 90 to 100% and temperatures typically up to around 45°C. Steam is often blown into the room. The finished surfaces are usually tiled. India Steam Room Market is Segmented by Type (Conventional and Infrared) and by End-user (Residential and Commercial). The report offers market size and forecast for the India steam rooms market in value (USD billion) for all the above segments.
By Type | |
Conventional | |
Infrared |
By End-user | |
Residential | |
Commercial |
India Steam Rooms Market Size Summary
The Indian steam room market is experiencing a steady growth trajectory, driven by changing consumer behaviors and lifestyle trends. Millennials, with their increased disposable income and urbanized lifestyles, are significantly contributing to this market expansion. They view steam bathing as an essential part of their wellness routine, which has led to a rise in demand for steam room services. The market faced challenges during the COVID-19 pandemic due to health concerns and temporary shutdowns, but has since rebounded as health and wellness have become priorities for many. The growing acceptance of steam room services, particularly among the elderly, is further propelling market growth, as individuals seek ways to maintain physical and mental well-being amidst urbanization and stressful work schedules.
The steam room market is also closely linked to the thriving travel and tourism industry in India, which is a major contributor to the country's GDP. Steam room services are often included as amenities in hotels, luxury resorts, and spas, making them a significant part of the hospitality sector. This integration into leisure tourism and hospitality is a key driver of market growth. Additionally, the market is characterized by the presence of both established players and new entrants, who are leveraging technological advancements and service innovations to expand their market share. Companies like Kohler, Woven Gold India, and Orion Bathing Concepts are prominent in this space, continuously enhancing their offerings to meet the evolving demands of consumers.
India Steam Rooms Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porters' Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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1.5 Insights on Impact of Technology and Innovation in the Market
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Conventional
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2.1.2 Infrared
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2.2 By End-user
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2.2.1 Residential
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2.2.2 Commercial
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India Steam Rooms Market Size FAQs
What is the current India Steam Rooms Market size?
The India Steam Rooms Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in India Steam Rooms Market?
Steam smith systems, Kohler , Woven Gold India, Orion bathing concepts and Omega Bath solutions are the major companies operating in the India Steam Rooms Market.