Bathtub Market Size, Share, Growth, and Industry Analysis, By Type (Acrylic, Cast Iron, & Fiberglass), By Downstream Industry (Steam Bath, Sauna Bath, Whirlpool Bathtubs & SPAs, & Shower Enclosures and Swimming Pools) and Regional Forecast to 2032

Updated On: 26 August 2024

• 

  Request a Free Sample to learn more about this report

BATHTUB MARKET REPORT OVERVIEW

The global Bathtub Market Size was USD 7.39 billion in 2023 and the market is projected to touch USD 10.84 billion by 2032, exhibiting a CAGR of 3.91% during the forecast period.

Bathtub is a large vessel for holding water in which a person may bathe. A bathtub is generally placed in the restroom as a stage alone institution or in confluence with a shower. Most ultramodern bathtubs are made of fiberglass or Acrylic. Other than some may be available in ceramic or over steel or cast iron and sometimes a leak proof wood. Ultra modern bathtubs may have wastewater out points and include a tap on top. Generally, many bathtubs are recent gular shape but with the arrival of acrylic thermoformed cataracts, further shapes are getting available.

Since consumers increasingly prioritize comfort and relaxation in their homes, the market is witnessing further growth. Rising status of stylized bathroom fixtures and increase in residential construction activities are offering opportunities for market expansion.

COVID-19 Impact: Market Growth Fluctuated by Pandemic due to Closure of Distribution Channels

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The market was not affected severely due to the pandemic. The COVID-19 pandemic has significantly affected the offline section because of the shutting down of major distribution channels worldwide in an endeavor to prevent the spread of virus. The pandemic has rigorously disrupted supply chains leading to problems in the production and delivery of raw materials. Manufacturers are doing bathtub market analysis and are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.

LATEST TRENDS

"Rising Demand for Luxurious and Personalized Products Propelling Market Expansion"

Present trend in the market which is boosting market progress is the rising demand for luxurious and personalized products. End-users are ready to spend a high price for products with superior features such as hydrotherapy, air jets, and other high-end features. The hospitality sector has also played an important role in the market progress with extra comfort hotels and resorts increasingly include high-end bathtub products as a part of their amenities.

• 

  Request a Free Sample to learn more about this report

BATHTUB MARKET SEGMENTATION

By Type

Based on type the market can be categorized into acrylic, cast iron, & fiberglass.

• Acrylic: Products made of this material are admired for their lightweight, easy installation, and their smooth and glossy surface.
• Cast Iron: They are famous for their durability and classic look, but they can be heavy and need extra effort to install.
• Fiberglass: They are affordable and lightweight and make them a popular choice for price-sensitive clients.

By Downstream Industry

Based on downstream industry the market can be categorized into steam bath, sauna bath, whirlpool bathtubs & SPAs, & shower enclosures and swimming pools.

• Steam Bath: This type of tub is extremely beneficial and it provides ease to joint stiffness and does wonders for an aching body after hard workouts.
• Sauna Bath: It is a kind of heat therapy that takes place in a room heated by burning wood, electricity, and special infrared light waves.
• Whirlpool Bathtubs & SPAs: It is a type of therapeutic bath that requires massaging water jets to relax and calm painful muscles.
• Shower Enclosures and Swimming Pools: It is a dedicated area in a bathroom that is enclosed with walls, doors, or panels to contain the water and steam generated during a shower.

DRIVING FACTORS

"Increasing Construction Sector Propelling Market Expansion"

One of the attributes for the bathtub market growth is the growing expansion of the construction sector propelling the growth of the bathtub market. New construction and renovation usually involves the installation of bathtubs as essential items of the bathrooms. Additionally, modern architecture and interior design often emphasize well-equipped bathrooms, further boosting the demand for stylish and functional bathtubs in construction projects. .

"Social Media Influence Impelling Market Growth"

Another growing factor for increasing market growth is the rising social media influence among the population. The rising spending income of the population in emerging countries is supporting the growth of the market. This has improved demand for luxury bathtubs and accessories such as whirlpools and jets. Furthermore, home upgrading projects are becoming ever more popular among homeowners which are fueling market progress. People have started opting for lavish bathrooms with features such as Jacuzzis and steam baths that were before found only in exclusive hotels and resorts.

RESTRAINING FACTOR

"Expensive Products Impeding Market Growth"

Limiting factor for the market growth is the expensiveness of the product is hindering the market expansion. The higher rate of the product in comparison to shower items is hampering their popularity among the middle and lower-income population. In addition, the scarcity of raw materials such as porcelain enameled steel, fiberglass-reinforced polyester, or porcelain enameled cast iron is the most significant impediment to the bathing tubs market. Another obstacle is the fear of dying in the bath as many people doze off in them. This factor restraints the market growth.

• 

  Request a Free Sample to learn more about this report

BATHTUB MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Dominates the Market due to Large Production Capacity"

The Asia Pacific region is dominating the bathtub market share due to the large production capacities in this region. China, India, and Australia are major contributing countries to the market growth. This is because of the high production of various sanitaryware products. This significantly boosts bathtubs consumption among the region’s population, resulting in higher product revenue. Furthermore, the region’s growing middle-income population and urbanization rate fuel the region’s market growth. In newly purchased homes, people primarily require stylish and innovative bathing stuff. The U.S. and Canada are major contributors to the market expansion in the North America region. It is because of rising demand for residential housing facilities. Increasing bathtub consumption among the population in these countries is propelling the market growth.

KEY INDUSTRY PLAYERS

"Key Players Transforming the market Landscape through Innovations in Product and Strategy Partnership"

Many prominent industry players are operating in this market focused on developing and launching new and innovative products to be in the competition. There are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• HSIL (India)
• Kaldewei (Germany)
• Kohler (U.S.)
• Duravit (Germany)
• Jaguar (U.K.)
• Jacuzzi (U.S.)
• Villeroy & Boch (Germany)
• Roca (Spain)
• RAK CERAMICS (UAE)

INDUSTRIAL DEVELOPMENT

September 2023: Villeroy & Boch AG finalized binding agreements to acquire operational firms within the Ideal Standard Group. This move is rooted in their strategic alignment. Aligning well in terms of regional presence, sales strategies, product range, and brand portfolios. The synergy sets the stage for a better market position and future expansion. Upon completion, the integrated entity is poised to become one of Europe’s leading manufacturers of bathroom products and capitalize on the industry’s global growth expectation.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global asset appraisal service market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.