Global Far Infrared Saunas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Far Infrared Saunas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Far Infrared Saunas market finds that the global Far Infrared Saunas market reached a value of USD 345.57 million in 2022. It’s expected that the market will achieve USD 525.02 million by 2028, exhibiting a CAGR of 7.22% during the forecast period.

Drivers

Far-infrared sauna is a household consumer product under the background of traditional European and American culture, and it is also an emerging fashion product under modern living conditions. The far-infrared sauna market is a growing market, and the entire global far-infrared sauna market is expected to grow at an alarming rate. Asia-Pacific regions such as Japan, South America and the Middle East are all important potential markets for the far infrared sauna industry. In these markets, economic development is relatively stable, and many developing regions are facing development opportunities for consumption upgrades. In addition, in these developing and developed countries, the health industry has become a powerful driving force for the growth of the entire national economy, accounting for a relatively high proportion of GDP, providing a broad potential market for the far-infrared industry.

Limitations

As the largest consumer market of Far Infrared Saunas, Europe and the United States still have huge consumption potential, but because of the high price threshold, they are far from reaching the huge market potential. Even if products

produced by Chinese manufacturers are exported to the US market, prices are still relatively high.
With the continuous development and expansion of the Far Infrared Saunas industry and the prevalence of products, more and more companies enter this industry and the competition within the industry has become increasingly fierce. The main ways of competition in the industry are price competition, advertising wars, product introduction, increased customer service and warranty services. In most industries, a company's competitive actions will have a significant impact on its competitors, which may provoke competitors to retaliate or try to cope with the actions, which may eventually lead to the vicious development of the industry.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

KLAFS is one of the major players operating in the Far Infrared Saunas market, holding a share of 4.21% in 2021.

KLAFS manufactures saunas. The Company markets saunas, infrared heat cabins, steam bath and shower, pools, and whirlpools. KLAFS manages wellness and spa facilities around Germany.

Health Mate was first to produce an infrared sauna in 1979. Every day Health Mate strives to offer infrared saunas utilizing the wealth of 40 years of experience. Health Mate owns its own factory, sources its own wood and is the only brand with a UL listed heater.

Segmentation Overview:

By type, Hemlock Shell segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Household segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Far Infrared Saunas market covered in Chapter 3:

Rocky Mountain Saunas
Sunlighten
SAWO
Harvia
Radiant HealthSaunas
SaunaKing
KLAFS
Amerec
Clearlight
Health Mate
Dynamic Sauna
TyloHelo Group
Aqualine Saunas

In Chapter 4 and Chapter 14.2, on the basis of types, the Far Infrared Saunas market from 2018 to 2029 is primarily split into:

Carbon Fiber Shell
Hemlock Shell

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Far Infrared Saunas market from 2018 to 2029 covers:

Hospital
Rehabilitation Center
Hotel
Spa
Household

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)