Trends, opportunities and forecast in bathtub market to 2023 by product (standard bathtub and whirlpool bathtub), by material (acrylic, cast iron, fiberglass, and others), by shape (square, oval, rectangle and others) by end use (residential and non-residential), and by region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the bathtub market looks good with opportunities in residential and non-residential buildings. The global bathtub market is expected to reach an estimated $9.9 billion by 2023 with a CAGR of 3.7% from 2018 to 2023.
The major drivers for the growth of this market are a rise in housing construction, increasing demand for luxury plumbing fixtures, and a rise in household income.
Browse 72 market data Tables and 103 Figures spread through 162 Pages and in-depth TOC on "Bathtub Market" www.lucintel.com/bathtub-market-2018-2023.aspx
In this market, standard bathtub and whirlpool bathtub are the major segments by product type.
On the basis of its comprehensive research, Lucintel forecasts that the whirlpool bathtub segment will show above average growth during the forecast period.
By material type, the bathtub market is segmented into acrylic, fiberglass, and cast iron. The acrylic segment is expected to show above average growth during the forecast period due to its light weight, durability, and wide range of color options.
Within the global bathtub market, the residential segment is expected to remain the largest segment. Increasing demand for urban housing along with increasing household income will stimulate bathtub demand over the forecast period.
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APAC is expected to remain the largest market during the forecast period mainly due to increasing investments in residential and non-residential construction and increasing per capita income in developing nations.
Emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of high-tech bathtubs with advanced features including wall-mounted LCD, hydrotherapy features, and the increasing adoption of soaking tubs. Lixil Corporation, Kohler, Toto, and Roca are among the major players of the global bathtub market.
Inquiry report @ www.lucintel.com/pq/bathtub-market-2018-2023.aspx
The study includes a forecast for the global bathtub market by product, material, shape, end use, and region, as follows:
By Product Type ($ Million from 2012 to 2023)
- Standard Bathtub
- Whirlpool Bathtub
By Material Type ($ Million from 2012 to 2023)
- Cast Iron
By Shape Type ($ Million from 2012 to 2023)
By End Use ($ Million from 2012 to 2023)
- − New Residential
- − Remodeling
By Region ($ Million from 2012 to 2023)
- North America
- Asia Pacific
- The Rest of the World
This 162-page research report will enable you to make confident business decisions in this globally competitive marketplace.
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