Thermostatic Bathtub Shower Mixer Market Growth Analysis, Outlook Report 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Thermostatic Bathtub Shower Mixer Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The thermostatic bathtub shower mixer market size has grown strongly in recent years. It will grow from $44.06 billion in 2023 to $49.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing demand for enhanced safety features, growth in urbanization, increasing disposable incomes, growth in the hospitality industry, and rise of sustainable products.

The thermostatic bathtub shower mixer market size is expected to see strong growth in the next few years. It will grow to $63.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing customer desire for better bathing experiences, growing emphasis on luxury and convenience, increasing demand for smart and tech-enabled mixers, growing focus on water and energy conservation, and rising residential infrastructure. Major trends in the forecast period include technological advancements, multi-functional bathrooms, integration with smart home systems, water-efficient designs, and touchless technologies.

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Market Drivers and Trends:

The rising residential and commercial infrastructure is expected to propel the growth of the thermostatic bathtub shower mixer markets going forward. Residential and commercial infrastructure includes essential systems and facilities that support living spaces and business operations. The rising residential and commercial infrastructure is driven by urban population growth and increasing investments in real estate development. Thermostatic bathtub shower mixers enhance comfort and safety by maintaining consistent water temperatures, reducing the risk of scalding. Their efficiency and ease of use contribute to the appeal of modern residential and commercial infrastructures, supporting the growth of both sectors. For instance, in September 2024, according to the US Census Bureau, a US-based government agency, construction spending was estimated at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, marking a 6.7 percent increase (±1.8 percent) compared to the $2,027.4 billion spent in July 2023. For the first seven months of this year, total construction spending reached $1,237.5 billion, up 8.8 percent (±1.2 percent) from the $1,137.4 billion spent during the same period in 2023. Therefore, rising residential and commercial infrastructure drives the thermostatic bathtub shower mixer markets.

Major companies operating in the thermostatic bathtub shower mixer market are developing technologically advanced products, such as cool touch technology integrated mixer showers, to enhance user safety by keeping the exterior of the shower cool to the touch, even at high water temperatures. Cool Touch technology integrated mixer showers are designed with a safety feature that prevents the outer surface of the shower from becoming excessively hot, even when the water temperature is high. For instance, in February 2022, Gainsborough Showers, a UK-based provider of electric and mixer showers, launched a range of mixer showers. The new mixer shower range offers three premium models that feature thermostatic temperature control with cool touch technology, ensuring safe family showering and enhanced peace of mind. Customers can select from high-pressure dual outlet showers available in round or square designs, or opt for a single outlet bar mixer model that features an integrated soap dish. The round-head showers come with a versatile three-spray mode handset, while the collection also includes a space-saving manual mixer shower ideal for smaller bathrooms or over-bath use. Each model is equipped with a stainless steel rail, a chrome ribbed hose, a convenient push-button handset holder, and rub-clean jets for easy maintenance.

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Major Key Players of the Market:

Inter IKEA Systems B.V, Grohe AG, Kohler Company, Toto Limited, Roca Group, Hansgrohe SE, Ideal Standard International, Villeroy & Boch AG, Rak Ceramics, Duravit AG, Jaquar Group, Dornbracht Group, Bristan Group Limited, Kludi GmbH & Co. KG, Crosswater Limited, Hudson Reed, Flova, Nuie, VADO, Premium-Plumbing.co, Fima Carlo Frattini S.p.A., Sagittarius Bathroom Products Limited, Gessi S.p.A., Fabbrica Italiana Rubinetterie

Thermostatic Bathtub Shower Mixer Market 2024 Key Insights:

• The thermostatic bathtub shower mixer market size is expected to see strong growth in the next few years. It will grow to $63.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Growth Of Thermostatic Bathtub Shower Mixer Markets Fueled By Rising Residential And Commercial Infrastructure Investments
• Innovative Cool Touch Technology Enhances Safety In Mixer Showers
• North America was the largest region in the thermostatic bathtub shower mixer market in 2023

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