Bathtub Market is anticipated to grow at a CAGR of 2.8% during 2023-2028
The global bathtub market is projected to reach $11.3 billion by 2028, at a CAGR of 2.8% during 2023-2028. The growth of bathtub market is driven by rise in housing completion, increasing demand for luxury plumbing fixtures, and rise in household income.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the bathtub market by product (standard bathtub and whirlpool bathtub), by material (acrylic, cast iron, fiberglass, and others), by shape (square, oval, rectangle and others) by end use (residential and non-residential), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the bathtub market?
Q.4 What are some changing demands of customers in the bathtub market?
Q.5 What are the new developments in the bathtub market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this bathtub area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this bathtub market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of high-tech bathtubs with advanced features, including wall-mounted LCD, hydrotherapy features, and increasing adoption of soaking tubs.
Market Segmentation:
Based on material, the bathtub market is segmented into acrylic, cast iron, fiberglass, and others. The acrylic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its light weight, durability, and wide range of color options.
APAC is expected to remain the largest market during the forecast period mainly due to major investments in residential and non-residential construction activities and increasing per capita income in developing nations.
Key Players in the bathtub market are Lixil Corporation, Kohler, Toto, Roca, and Jacuzzi.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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