Bathtub Market to be Dominated by Free-Standing Bathtub During the Forecast Period

The ability to provide mind and body relaxation to the bather, demand for high living standard with more bathroom space, and the need to increase the bathroom’s ambience are the leading factors driving the global bathtub market during the projected period.

According to TechSci Research report, “Bathtub Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” The global bathtub market is expected to grow faster during the forecast period. The growth of the global bathtub market is being driven by rising consumer demand for luxurious bathroom, high-quality bathtubs, expansion of bathroom space, and the rising demand from hospitality sectors.

In bathrooms, bathtubs are used to hold the water that people use to bathe. Different varieties of bathtubs are available, including Jacuzzis, Clawfoot Tubs, and Hot Tubs etc. They are made of many materials like marble, acrylic, ceramic, etc. Moreover, the types of bathtubs that are available are free-standing bathtub, alcove bathtub, drop-in bathtub, and corner bathtub.

 

The widespread usage of bathtubs in developed countries because of the high standards of living and financial stability of people. Additionally, the urban growth, population growth, increase in disposable income, and demand for bathtubs in hotels, opulent lodging, and resorts are anticipated to boost the global bathtub market during the forecast period.

 

Moreover, major bathtub manufacturers are focusing on bringing new technologies to market in order to provide their customers with an improved product. Artificial intelligence (AI) is being used by manufacturers to create safe and smart bathtubs, which is driving consumer demand. For instance, Kohler’s PerfectFill bathtub that work with Amazon, Apple and Google's voice assistants, can control temperature and fill level. Thus, technological advancement is a key trend gaining popularity in the global bathtub market during the forecast period.

 

Additionally, the global bathtub market is expanding due to the bathtub's ability to promote both mental and physical relaxation, as well as its numerous positive effects, including its effectiveness in reducing body inflammation in arthritic patients.

 

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The bathtub market is segmented based on product type, material, end-user, and distribution channel.

The market is divided into free-standing bathtub, alcove bathtub, drop-in bathtub, and corner bathtub based on product type. Due to the simpler installation of such bathtub, the free-standing sector is anticipated to represent a significant share of the market. Additionally, the wide availability of these tubs in various sizes and forms lead to higher revenues from this market segment.

Based on material, the market is further divided into marble, acrylic, ceramic, and others (cast iron, fiberglass). Bathtubs made of acrylic are extremely strong and resistant to shifting heat and water temperatures. Due to these benefits, the acrylic material bathtubs market is expected to account for a sizable share of the market. Additionally, people choose acrylic-based bathtubs over others because of their smoothness and comfortability.

Based on the End User, the market is segmented into residential and commercial. Rapid urbanization has a substantial impact on bathtub demand. Thus, it is anticipated that the commercial segment would expand at the highest CAGR during the forecast period.

Based on distribution channels, the market is fragmented into retail, distributor & dealer sales, exclusive stores, online, and directs sales.

The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Due to the high standard of living and huge bathroom space, the North America region is experiencing the greatest development in the global bathtub market, followed by Europe and Asia-pacific due to rising construction activities and disposable income.

Key market players in the global Bathtub market include:

• Americh, Inc.
• Jacuzzi Inc.
• Jaquar Group
• Kohler Co.
• Ove Decors ULC
• RAK Ceramics P.J.S.C.
• Roca Sanitario, S.A.
• TOTO Ltd.
• American Bath Group, LLC
• Duravit AG

Various International and domestic companies are trying to enhance their market reach by increasing their merger and acquisition along with research and development. For instance, Investindustrial VI L.P., acquired Jacuzzi, a top brand of premium spa, swim spa, walk-in, and soaker bathtub products, from Jupiter Holding Corp. in order to implement product innovation initiatives in the Italian market.

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“The demand for bathtubs is expected to increase globally during the anticipated period, due to a number of factors, including expanding usage of bathtubs for routine hygiene and comfort needs, growing popularity among individuals who lead luxurious lifestyles, and large bathroom spaces. Additionally, the widespread usage of bathtubs in developed countries because of their high standards of living and financial stability is also driving the bathtub market globally during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

 

“Bathtub Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Free-Standing Bathtub, Alcove Bathtub, Drop-In Bathtub, and Corner Bathtub), By Material (Marble, Acrylic, Ceramic, and Others (Cast Iron, Fiberglass)), By End User (Residential, Commercial) By Distribution Channel (Retail, Distributor & Dealer Sales, Exclusive Stores, Online, Directs Sales), By Region, Competition, has evaluated the future growth potential of bathtub in the global market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global Bathtub market.

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