The North America Bathtub Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
The market, a cornerstone of the sanitary ware industry, is a multifaceted and dynamic sector that transcends mere functionality to embody comfort, luxury, and wellness within residential and commercial spaces. As an integral component of modern bathrooms, bathtubs have evolved from practical fixtures to sophisticated elements that reflect lifestyle preferences, design aesthetics, and technological advancements.
Adopting bathtubs as a bathing fixture traces its roots back through centuries, intertwining with cultural, societal, and technological shifts. The fascination with bathing for relaxation and hygiene has persisted across civilizations, fostering the enduring appeal of bathtubs. Adopting tubs is useful and reflects a desire for a holistic bathing experience, encompassing physical rejuvenation and mental relaxation. In addition, these tubs are prominent in residential and commercial spaces, contributing to the aesthetics and functionality of bathrooms in homes, hotels, resorts, and wellness centers. In residential settings, bathtubs serve as focal points of luxurious bathrooms, while in commercial spaces, they are integral to creating spa-like environments that enhance customer experiences.
Canada's burgeoning building construction sector is a significant catalyst for expanding the bathtub market. As the country experiences robust investments in residential, commercial, and infrastructure projects, the demand for bathroom fixtures, including these tubs, is rising. As per the data from the Government of Mexico, real estate and rental and leasing generated a gross domestic product of $2.66T MX in the third quarter of 2023, representing a growth of 2% in comparison to the preceding quarter and a growth of 5.55% when compared to the corresponding period in the prior year. Thus, the rising real estate sector investments in North America will increase demand for bathtubs in the region.
The US market dominated the North America Bathtub Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,601 million by 2030. The Canada market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2023 - 2030).
Free Valuable Insights: The Bathtub Market is Predict to reach $12.8 Billion by 2030, at a CAGR of 4.4%
Based on End-user, the market is segmented into Residential and Commercial. Based on Type, the market is segmented into Alcove Bathtubs, Drop-In Bathtubs, Freestanding Bathtubs, and Corner Bathtubs. Based on Shape, the market is segmented into Rectangular, Square, Oval and Others. Based on Material, the market is segmented into Acrylic, Fiberglass, Porcelain, Cast Iron and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By End-user
By Type
By Shape
By Material
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
