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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.5 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025 . The major drivers for the growth of this market are a rise in housing construction, increasing demand for luxury plumbing fixtures, and a rise in household income.
Browse 72 market data Tables and 103 Figures spread through 162 Pages and in-depth TOC on "Bathtub Market"
To download report brochure, please go to https://www.lucintel.com/bathtub-market.aspx and click "report brochure" tab from the menu.
In this market, standard bathtub and whirlpool bathtub are the major segments by product type. On the basis of its comprehensive research, Lucintel forecasts that the whirlpool bathtub segment will show above average growth during the forecast period.
By material type, the bathtub market is segmented into acrylic, fiberglass, and cast iron. The acrylic segment is expected to show above average growth during the forecast period due to its light weight, durability, and wide range of color options.
Within the global bathtub market, the residential segment is expected to remain the largest segment. Increasing demand for urban housing along with increasing household income will stimulate bathtub demand over the forecast period.
APAC is expected to remain the largest market during the forecast period mainly due to increasing investments in residential and non-residential construction and increasing per capita income in developing nations.
Emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of high-tech bathtubs with advanced features including wall-mounted LCD, hydrotherapy features, and the increasing adoption of soaking tubs. Lixil Corporation, Kohler, Toto, and Roca are among the major players of the global bathtub market.
The study includes a forecast for the global bathtub market by product, material, shape, end use, and region, as follows:
By Product Type ($ Million from 2014 to 2025)
Standard Bathtub
Whirlpool Bathtub
By Material Type ($ Million from 2014 to 2025)
Acrylic
Cast Iron
Fiberglass
Others
By Shape Type ($ Million from 2014 to 2025)
Square
Oval
Rectangle
Others
By End Use ($ Million from 2014 to 2025)
Residential
New Residential
Remodeling
Commercial
By Region ($ Million from 2014 to 2025)
North America
Europe
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. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email or click on this link http://www.lucintel.com/toc/bathtub-market-2020-2025.aspx or helpdesk@lucintel.com.
Download Free Sample Page @ http://www.lucintel.com/ds/bathtub-market-2020-2025.aspx
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
Current Press Releases of Lucintel http://www.lucintel.com/press-release.aspx
Connect with us on LinkedIn here https://www.linkedin.com/company/lucintel?trk=top_nav_home
Visit Lucintel Blog Here: http://www.lucintel.com/blog/