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.
