Bathtub Market 2024 Production Analysis, Latest Trends, Industry Share And Forecast To 2033

"The new report published by The Business Research Company, titled ""Bathtub Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
1. Executive Summary
2. Bathtub Market Report Structure
3. Bathtub Market Trends And Strategies
4. Bathtub Market - Macro Economic Scenario
5. Bathtub Market Size And Growth
…..
27. Bathtub Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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