According to a new report, published by KBV research, The Global Bathtub Market size is expected to reach $12.8 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period.
The Residential segment is generating the highest revenue in the Global Bathtub Market by End-user in 2022; thereby, achieving a market value of $8.6 billion by 2030. The increasing recognition of the importance of personal hygiene and well-being has prompted homeowners to regard their restrooms as havens. Bathtubs, especially those with therapeutic features such as hydrotherapy and chromotherapy, align with the wellness trends driving residential preferences. Thus, owing to these factors, there will be increased demand in the upcoming years.
The Freestanding Bathtubs segment is experiencing a CAGR of 5.1% during (2023 - 2030). Freestanding bathtubs are often chosen for their sleek and contemporary aesthetics. They contribute to a modern and luxurious bathroom ambiance, aligning with current design trends prioritizing clean lines and open spaces. Manufacturers offer a wide range of designs, shapes, and materials in freestanding bathtubs, allowing consumers to choose options that complement their preferences and bathroom styles. Thus, these aspects will boost the demand in the segment.
The Rectangular segment is leading the Global Bathtub Market by Shape in 2022; thereby, achieving a market value of $5.3 billion by 2030. Rectangular bathtubs often align with modern and minimalist design preferences. The clean lines and straightforward shape appeal to consumers seeking a contemporary and sleek bathroom look. Rectangular tubs are known for their efficient use of space. They can be easily integrated into various bathroom layouts, making them popular for large and small bathrooms. The versatility in placement contributes to their widespread adoption. Thus, these factors will lead to increased demand in the coming years.
The Porcelain segment is registering a CAGR of 5.2% during (2023 - 2030). Porcelain bathtubs are revered for their timeless aesthetic appeal. The smooth and glossy finish of porcelain imparts a sense of elegance and sophistication, making these bathtubs a popular choice for those who appreciate classic design elements in their bathrooms. Porcelain's versatility allows various design options, from traditional clawfoot tubs to more contemporary styles. This flexibility in design appeals to a broad range of consumers with different aesthetic preferences. Therefore, the segment will witness enhanced demand in the upcoming years.
Full Report: https://www.kbvresearch.com/bathtub-market/
The Europe region dominated the Global Bathtub Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.6 billion by 2030. The North America region is poised to grow a CAGR of 4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 5.2% during (2023 - 2030).
By End-user
By Type
By Shape
By Material
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