Press release
Bathtub Market: Steady Growth, Innovative Trends, and Market Expansion
Bathtub Market Size
What Is The Projected Market Size Of The Global Bathtub Market And Its Growth Rate?
•In 2024, the bathtub market size was $8.61 billion.
•The market sees a growth to $8.8 billion in 2025 (CAGR of 2.2%).
•By 2029, the bathtub market is projected to grow to $10.24 billion (CAGR of 3.9%).
The expected growth can be attributed to factors like health and wellness focus, water conservation initiatives, and e-commerce growth.
What Is Driving The Growth In The Bathtub Market?
The growth of the bathtub market is significantly driven by the expansion of the hospitality industry. The industry, with its vast range of accommodations, meals, entertainment, and support services, uses bathtubs to enhance guest experiences. For instance, in 2023, hotel revenue increased from $189.07 billion to $197.48 billion, according to the American Hotel and Lodging Association. Such expansion fuels the growth of the bathtub market.
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Who Are the Key Players Driving Bathtub Market Growth?
•Kohler Co.
•Jacuzzi Brands LLC
•American Standard Brands
•Toto Ltd.
•Roca Sanitario S.A.
•LIXIL Corporation
•Duravit AG
•Villeroy & Boch AG
•MAAX Bath Inc.
•Kaldewei GmbH & Co. KG
•Briggs Plumbing Products Inc.
•Americh Corporation
•Hydro Systems Inc.
•Laurel Mountain Whirlpools
•Carver Tubs
•Victoria + Albert Baths
•Aquatica Plumbing Group
•MTI Baths Inc.
•OVE Decors
•Signature Hardware
•Mansfield Plumbing Products
•Badeloft USA LLC
•Clarke Products Inc.
•Streamline Bath
•Aqualux Products Ltd.
•Neptune Bathing Systems Inc.
•HANSA Metallwerke AG
•Bella Stone Ltd.
•Sanitec Corporation
What Are The Key Trends In The Bathtub Market?
•Smart bathtubs
•Compact and space-saving designs
•Customization options
•Innovations in material and construction
•Luxury and spa-like features
•Accessible bathtub designs
What Are The Segments Of The Global Bathtub Market?
•By Type: Acrylic, Cast Iron, Fiberglass
•By Shapes: Rectangular, Square, Oval
•By Installation: Free Standing, Alcove, Drop In
•By Application: Residential, Commercial
Which Region Leads The Bathtub Market?
In 2024, North America was the largest region in the bathtub market. However, Asia-Pacific is forecasted to be the fastest-growing region. Other regions covered in the report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Bathtub Market Global Market Report?
- Market Size Analysis: Analyze the Bathtub Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bathtub Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bathtub Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bathtub Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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