Bathtub Global Market Analysis, Trends, Growth, Research And Forecast 2033

The bathtub market size has grown steadily in recent years. It will grow from $8.51 billion in 2023 to $8.74 billion in 2024 at a compound annual growth rate (CAGR) of 2.7%. The growth in the historic period can be attributed to housing construction boom, economic prosperity, changing lifestyles, aging population, real estate market dynamics, cultural influences.

The bathtub market size is expected to see steady growth in the next few years. It will grow to $9.83 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to health and wellness focus, water conservation initiatives, e-commerce growth, global health concerns, regulatory standards. Major trends in the forecast period include smart bathtubs, compact and space-saving designs, customization options, innovations in material and construction, luxury and spa-like features, accessible bathtub designs.

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

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Rising Expansion Of Hospitality Industry To Drive Market Growth
The expansion of the hospitality industry is driving the growth of the bathtub market. The hospitality industry encompasses a broad range of businesses and services that are focused on providing accommodations, meals, and various forms of entertainment and support to guests. In the hospitality industry, bathtubs are utilized to enhance the overall guest experience and provide various amenities that contribute to comfort, relaxation, and overall satisfaction. For instance, in 2023, according to reports published by the American Hotel and Lodging Association, a US-based industry trade group, hotel revenue increased from $189.07 billion in 2022 to $197.48 billion in 2023. Therefore, the expansion of the hospitality industry is driving the growth of the bathtub market.

Competitive Landscape -
Major companies operating in the bathtub market report are Johnson Controls International plc, Apollo Global Management LLC, Kohler Co., MUNK Group AG, TOTO Ltd., Lixil Group Corporation, Jaguar Land Rover Limited, Eczacibasi Holding A.S., Roca Sanitario S.A., Hansgrohe SE, Villeroy & Boch AG, Mingyoung Conservation Inc., RAK Ceramics Public Joint Stock Company, Cheviot Corporation, Teuco Group SpA, Duravit AG, Jacuzzi Inc., American Bath Group LLC, Maax Bath Inc., Kaldewei GmbH & Co. KG, Cera Sanitaryware Limited, AQUAPLUS PVT. LTD., Orans Group S.r.l., Mirolin Industries Inc., Colston Group, Arrow Valves Inc., Royal Manufacturing Inc., Americh Corporation, Jade Bath & Shower Products, Ariel Shower Doors & Bathtubs

Technological Advancements Driving Innovation In Bathtub Market
Technological advancement is a key trend gaining popularity in the bathtub market. 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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Key Segments -

The bathtub market covered in this report is segmented -

1) By Type: Acrylic, Cast Iron, Fiberglass
2) By Shapes: Rectangular, Square, Oval
3) By Installation: Free Standing, Alcove, Drop In
4) By Application: Residential, Commercial

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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