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Global Bathtub Market 2023 - By Size, Growth Analysis, Trends And Forecasts To 2032
Bathtub Market
The Business Research Company's Bathtub Global Market Report 2023 identifies expansion of the hospitality industry as the major driver for the Bathtub market's growth in the forecast period. Many hotels and resorts have bathtubs installed in their guest rooms to provide a luxurious and comforting experience to travelers. According to IBEF, an Indian Government export promotion agency, in 2020, In India, the tourism industry employed 39 million people, accounting for 8.0 % of the country's overall workforce. It is estimated to employ almost 53 million people by 2029.
The global bathtub market size grew from $8.38 billion in 2022 to $8.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the bathtub is expected to grow to $10.39 billion in 2027 at a CAGR of 4.4%.
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Major competitors in the Bathtub market are Jacuzzi, Jaguar, Kohler Co., RAK Ceramics P.J.S.C., Roca, Villeroy & Boch, Orans.
A key trend in the Bathtub market includes technological advancement. Major companies operating in the bathtub market are focused on bringing advancements in technologies to offer an enhanced product to its customer. For instance, in January 2022, Kohler launched the PerfectFill technology bathtub. The bathtub has voice command technology that uses Alexa to fill and remove water into and from the bathtub. PerfectFill is made up of a drain kit and a digital valve that work together to bring the bath to the temperature and depth that is chosen.
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The Bathtub market is segmented -
• By Type: Acrylic, Cast Iron, Fiberglass
• By Shapes: Rectangular, Square, Oval
• By Installation: Free Standing, Alcove, Drop In
• By Application: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bathtub market.
The Business Research Company's "Global Bathtub Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bathtub Market Include:
1. Executive Summary
2. Bathtub Market Characteristics
3. Bathtub Market Trends And Strategies
4. Bathtub - Macro Economic Scenario
5. Bathtub Market Size And Growth
……………………………
26. Africa Bathtub Market
27. Bathtub Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bathtub Market
29. Bathtub Market Future Outlook and Potential Analysis
30. Appendix
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