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According to a new report, the bathtub market by type, material end user and distribution channel: global opportunity analysis and industry forecast for 2021-2027

Portland, Oregon, USA, November 19, 2021/EINPresswire.com/-The bathtub market in 2019 was US$7.6 billion and is expected to reach US$8.9 billion by 2027, with a compound annual growth rate from 2021 to 2027 4.3%. The report analyzes in detail the top investment areas, top winning strategies, driving factors and opportunities, market size and estimates, competitive landscape, and changing market trends.

The bathtub’s ability to relax physically and mentally, the many benefits associated with it, and its curative effect on inflammation of the body of patients with arthritis have promoted the growth of the global bathtub market. Divided by material, the ceramic market segment had the highest share in 2019. On the other hand, by 2027, the Asia-Pacific market will exhibit the fastest compound annual growth rate of 6.7%.

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The demand for bathtubs in the bathtub market is driven by the expansion of the hotel industry. Due to the influence of social media, people's desire to travel is rising; therefore, the number of global travelers has increased. In addition, as the number of tourists increases, so does the demand for hotel services, which motivates major players to provide the best services at the lowest cost. Therefore, the hotel industry is installing bathtubs with spa and skin care facilities to relax and comfort, and provide customers with better facilities. Therefore, the ever-evolving hotel industry is driving global demand for basic and luxury bathtubs.

One of the key factors limiting the demand for bathtubs in the bathtub market is the lack of available space in households, because most developing countries are faced with the problem of space and installation of bathtubs. In addition, the average size of a small bathroom is 3m x 2m, which is not enough to install a bathtub. Moreover, the traditional bathroom is also occupied by other sanitary wares, making it even more crowded to transfer the bathtub into it.

In the outbreak of the coronavirus, the global bathtub market has been significantly affected. The COVID-19 pandemic has led to global lockdowns and widespread restrictions. Due to the downturn in the global consumer goods industry, offline sales of bathtubs have fallen sharply globally. In addition, the latest development of the second wave of coronavirus outbreaks in Europe and North America is one of the major challenges the industry is expected to face in the coming days.

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○ The outbreak of the epidemic allowed the offline sector to witness the closure of major global distribution channels. ○ However, manufacturers are now formulating new strategies to recover from the status quo by reforming sales channels. In addition, the large-scale vaccination campaigns in most countries are expected to improve the global situation, and the market is expected to recover soon.

The bathtub market is segmented according to type, material, end user, distribution channel and region. According to the type, the global market is divided into freestanding bathtubs, alcove bathtubs, built-in bathtubs and corner bathtubs. According to the material, it is divided into marble, acrylic, ceramic and so on. According to the end user, the market is divided into residential and commercial. According to the distribution channel, it is divided into offline and online. In terms of regions, researched the global markets of North America, Europe, Asia Pacific and LAMEA. North America is made up of the United States, Canada, and Mexico. Britain, Germany, France, Italy, Spain and other parts of Europe are all studying Europe. India, China, Japan, ASEAN, Australia, and other regions in the Asia-Pacific region are the countries analyzed in the Asia-Pacific region, while LAMEA includes Brazil, Argentina, Saudi Arabia, South Africa, and other regions in LAMEA.

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The main findings of the study:

○ In terms of product types, the freestanding bathtub segment is the most popular and has the highest share of the bathtub market. The corner bathtub segment may experience significant growth with the highest compound annual growth rate during the forecast period. ○ In terms of materials, the ceramic bathtub segment occupies the main market share, and other segments are expected to grow at the highest compound annual growth rate during the forecast period. ○ In terms of end users, the demand for commercial bathtubs may increase in the near future due to the development of tourism and hotel industries. ○ From the perspective of distribution channels, the sales of the offline bathtub segment are higher than those of online distribution channels. However, with the increase in digitalization, online distribution channels are expected to grow at the highest compound annual growth rate during the bathtub market forecast period. ○ According to the bathtub market analysis, in 2019, the United States and Canada are the main markets for North American bathtubs.

○ The portable mini refrigerator market is expected to reach USD 1.748.9 million in 2025○ The bathroom mirror cabinet market is expected to reach USD 995.9 million by 2026○ The hand dryer market is growing at a compound annual growth rate of 13.0% from 2016 to 2022

Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides unparalleled quality "market research reports" and "business intelligence solutions" for global enterprises and small and medium enterprises. AMR provides targeted business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market sectors.

David Correa Allied Analytics LLP + +1 8007925285 Email us here Visit us on social media: Facebook Twitter LinkedIn

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