Global Bathtubs Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global bathtubs market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028).The market growth is majorly attributable to the increasing demand for new bathtubs owing to the growing trends for home decoration and remodeling. This is further supported by the huge production of various sanitary are products in the emerging economies such as China, India, and Australia that also include bathtubs. For instance, as per the data presented by the Association of Italian Manufacturer of Machinery and Equipment for Ceramics (ACIMAC), as of 2020, India has an excess sanitary are manufacturing capacity of nearly 40 million pieces per year. Additionally, as per the National Association of Relaters, in the first quarter of 2021, newer single-family housing sales in the US reached 959,000 units compared to 924,000 in the previous quarter. Such factors coupled with the increasing disposable income and urbanization rate further fuel the global market growth.

A full report of Global Bathtubs Market is available at:https://orionmarketreports.com/global-bathtubs-market/110217/  

Some key players operating in the market include Kohler Co., Jaquar Group, and Jacuzzi Inc. among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in December 2020, The Engineered Stone Group acquired mcbath, a leading manufacturer of bathroom products such as bathtubs, shower panels & trays, washbasins, and others to leverage partner's distinctive capabilities in the business areas such as cut-to-measure and solid surface. Further, in January 2019, Invest industrial VI L.P., acquired Jacuzzi, a leading brand of premium spa, swim spa, walk-in, and soaker bathtub products of a parent company, Jupiter Holding Corp. to implement product innovation strategies in an Italian market.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered- 
By Type
By Material
By End-User
By Distribution Channel
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape:  Kohler Co., Jaquar Group, and Jacuzzi Inc., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Bathtubs Market Report by Segment

By Type

Free-Standing Bathtubs
Alcove Bathtubs
Drop-In Bathtubs
Corner Bathtubs

By Material

Marble
Acrylic
Ceramic
Others

By End-User

Residential
Commercial

By Distribution Channel

Online
Offline

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This release was published on openPR.