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The global bathtub market size was valued at USD 9.73 billion in 2021 and is projected to grow from USD 10.20 billion in 2022 to USD 15.10 billion by 2029, exhibiting a CAGR of 5.72% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with bathtubs experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth of 3.29% in 2020 as compared to 2019.
The increasing adoption of sanitary wares in the construction industry is expected to fuel the growth of the market due to several advantages such as cost efficiency, excellent resistance to chemicals and scratches, and changing consumer preference for luxury goods. Besides, the application of sanitary ware in the hospitality industry due to increased spending on infrastructure projects and growth in tourism in emerging markets are favoring the growth of the sanitary ware market.
Furthermore, consumers are increasingly focusing on quality products. The growing demand for customized products coupled with various government initiatives provided to the manufacturers has helped to increase the sales growth rate of the firms. Moreover, the availability of a variety of bathroom products along with increasing demand for high-quality and premium sanitary ware products from the thriving hospitality industry is fueling the growth of the bathware market. Moreover, major players in the market are constantly introducing new and advanced products to efficiently retain existing customers and attract new customers. The product quality, shape, and other advanced features also play an important role in attracting consumers to sanitary ware. As a result, new product launches are boosting market growth and are expected to create lucrative opportunities for the market in the coming years.
Likewise, increasing private and public sector promotional programs aimed at increasing consumer awareness of the use of sanitary ware and increasing investments will drive the sanitary ware market.
Bathtub Demand Strengthened Due to Urbanization Post COVID-19 Pandemic
The COVID-19 pandemic posed significant challenges to supply chains globally. Multiple outages across the country continue to slow or even temporarily halt the flow of raw materials and finished products, disrupting production. The supply shock that began in China in February and the demand shock that followed the shutdown of the global economy exposed gaps in the production strategies and supply chain functions of every industry including sanitary ware businesses. In such an uncertain economic environment, manufacturing companies halted business investment, including technology capitalization, employee management, and other areas, due to the imbalance between supply and demand of the products.
However, the market was strengthened by increased urbanization in several regions, especially after the COVID-19 pandemic. Another important aspect driving the growth of the bathing tub market is the increasing production of bathroom products by various local manufacturers. The competitive pressure during 2020 forced the manufacturers to increase their domestic production, grow employment in their home countries, and reduce or even eliminate their dependence on import sources. The unprecedented chaos caused by COVID-19 has threatened the competitive position of many companies. The existential crisis caused by the pandemic has forced companies to reorient their innovation and restructuring efforts to ensure business continuity by building resilience and flexibility. In addition, lower costs and improved productivity spurred supply chain process improvements, digitization, and investment.
For instance, in 2020, the U.S. Trade Representative (USTR) provided the United States-Mexico-Canada Agreement (USCMA) an opportunity to revamp and reconstruct global supply chains, along with enhancing product transparency and traceability and lowering environmental impact.
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Increase in Market Value Due to Rise in Home Remodeling Activities and Bathroom Renovations
As home prices soar, people are spending on home remodeling and renovation projects rather than buying new homes. Although the COVID-19 pandemic resulted in a temporary slowdown in April 2020, home prices have been preserved and thrived due to record-low mortgage rates and inventory across the U.S. According to a CoreLogic report, U.S. homeowners gained USD 9,800 at the end of Q2 2020, an increase of 6.6% year over year. Homeowners are bullish and they were planning to complete home improvement projects in 2020 than in 2019, according to the 2020 Home Improvement Trends Study by LightStream. Bathroom renovations are expected to be the most popular indoor project, with more than two in five respondents indicating plans to update their bathrooms.
The rising adoption of water-saving plumbing fixtures with sustainable and eco-friendly features in remodeling or construction projects is giving the bathing tub market a significant boost. The flow rate set by the national standards of the U.S. Energy Policy Act, 1992 of the federal government for plumbing fixtures has led to water conservation and sustainability. This act provided rebates to consumers who have replaced plumbing with low-flow alternatives. Thus, the rising need for low-flow plumbing fixtures is expected to drive market growth.
Industry Value to Surge Driven by Increasing Construction in Residential and Commercial Sectors
According to a blog post published by Zippa, in April 2022, the hotel and motel industry in the U.S. was worth USD 133.0 billion in 2021 and is projected to grow by 33.6% throughout 2022. This continuous growth in the hoteling industry is boosting the global bathing tub market. With the rapid expansion of real estate as well as commercial construction, the market for smart bathrooms is bound to witness higher demand from these segments. According to the report published by World Property Journal, the U.S. housing market was valued at USD 33.6 trillion in January 2020. Increasing infrastructural developments as well as new building permits in the region are expected to boost the market.
Expansion of the Hospitality Industry to Favor Market Expansion
Swift growth in the commercial segment, predominantly the hospitality industry, is leading the demand for smart bathrooms. The hotel industry is a major contributor to the hospitality sector, driving the construction of more hotels. The prospering real estate and tourism industries and various infrastructural developments in the hospitality sector is likely to fuel growth of smart bathrooms over the forecast period. According to a blog post by TOPHOTELPROJECTS, a total of 1,704 hotels with 364,274 rooms are under plans to open across North America in the coming years, which is projected to support the bathtub market growth.
Lack of Indoor Plumbing across Households and Difficulty in Product Handling to Hinder Market Growth
Inadequate access to indoor plumbing has limited the scope of the market across the globe and this trend is evident in North America as well. According to the Hill, as of November 2020, more than a million Americans lived without indoor plumbing, with most of them living in big cities. An estimated 471,000 households or 1.1 million individuals lack connection to piped water, according to the blog post. Additionally, each material used in the making of bathing tubs has its own cons.
Fiberglass bathing tubs are more prone to scratching than other materials such as porcelain whereas cast iron bathing tubs are the heaviest especially when they are full. Porcelain on steel material, which is also called enameled steel, is prone to rusting on surface while marble and stone bathing tubs take up hefty cost for custom work. Moreover, bathing tubs are generally not the quickest and easiest items to clean. These aspects may restrain the growth of the market to some extent.
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Excellent Features of Alcove Bathtub to Propel Product Demand
Based on type, the market is segmented into Freestanding, alcove, drop-in, and others.
The alcove type segment is estimated to grow at a significant rate in the coming years. These bathing tubs are very popular in many regions, mainly in North America and Europe. An alcove bathing tub fits in a three-sided enclosure built specifically for bathing tubs. This style is often used in homes as a shower/tub combo to save space. This type of tub is familiar to many homeowners and is especially practical when considering common tub sizes in small spaces.
Furthermore, shift in consumer preferences toward quality bathroom products along with environmentally sustainable products is expected to fuel the market. Manufacturers are continuously putting efforts to provide the best quality products at more reasonable prices, accelerating the market growth.
Growing Residential Penetration of Bathing Tubs to Supplement Residential Segment Growth
Based on application, the market is segmented into residential and commercial.
The residential segment is expected to dominate the market due to growing construction of residential houses and increasing popularity of renovations among households to create a soothing environment inside bathrooms. The standard dimensions of bathing tubs used in households usually have external measurements around 60 inches long, 30 inches wide, and 14 to 16 inches high. Many of these extra-long tubs are also deeper than a standard tub, usually with a soaking depth greater than 16 inches.
The residential segment accounted for a remarkable revenue by contributing a major share in the global market, accounting for 58.65% in 2021. The segment is estimated to flourish uninterruptedly at a CAGR of 5.9% in light of the expanding housing sector worldwide. Moreover, the increasing focus of consumers toward smart and intelligent bathroom products which are easy to install with the incorporation of digitization is expected to foster the overall demand for bathtubs in residential application.
Fiberglass Segment to Dominate the Market on Account of its Better Performance
On the basis of material type, the market is segmented into fiberglass, cast iron, acrylic, and others.
Fiberglass, also called FRP material type, held a significant market share in 2021. Fiberglass tends to be the least expensive material and is produced by forming fiberglass layers into the desired shape, followed by a coating of Gelcoat resin. The features of fiberglass bathtubs include low cost, lightweight, ease of installation, and a finish that can be repaired.
On the other hand, the acrylic segment accounted for the majority of the bathtub market share and is expected to grow continuously over the forecast period. The growth is attributed to its stronger and more rigid nature compared to any other materials. The most common form of bathing tub manufacturing material is acrylic. Acrylic tubs come in a massive variety of sizes, colors, and styles and are generally considered a good all-rounder due to their relatively lightweight, ease of shape, and good durability.
Square Shape Segment to Lead the Market on Account of its Better Performance
Based on shape, the market is segmented into rectangular, oval, square, and others.
Oval-shaped tubs are expected to gain an advantage during the forecast period. Oval bathtubs are round in shape and symmetrical and are quite popular in apartments or smaller homes where space is a premium. For oval tubs, consumers have a choice between the popular freestanding and drop-in tubs which combine the features of oval and rectangular tubs for the best comfort and appearance. Moreover, the majority of contemporary bathtubs fit in nearly any space and don’t need connecting walls. It further delivers a more vibrant core for the bathroom, is aesthetically pleasing compared to most outdated tubs, and costs about the same price as other alternatives.
Asia Pacific Bathtub Market Size, 2021 (USD Billion)
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Based on geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Asia Pacific led the growth of the market over the forecast period at the fastest CAGR of 6.55% over the forecast period. Increasing urbanization in the Asia Pacific region owing to the rapid construction of commercial and residential places in China and India gives rise to the demand for modern bathware.
According to data published by the India Brand Equity Foundation (IBEF) in 2021, the Government of India allocated USD 1.89 billion to support initiatives such as Housing for All and Smart Cities Mission. Further, in March 2021, the Indian Parliament approved legislation establishing the National Bank for funding Infrastructure and Development projects in the country.
North America is anticipated to hold a major share of the global market due to the presence of well-established market players in the U.S., and Canada. The rising technological innovation in addition to the growing demand for advanced and smart bathroom solutions is expected to propel the product demand in the region. The trend toward smart and comfortable products coupled with the rising demand for inclusive bathroom solutions has created a demand for accessible items that make the bathroom easier to use and also more functional. This augments the demand for bathware, contributing to the growth of the bathing tub market in the country.
Royal Manufacturing, an American manufacturing company of bathware, employed a direct-to-builder strategy for delivering premium products at competitive prices to the construction industry of the U.S. The company supports the approach with custom manufacturing facilities throughout Texas, Florida, and North Carolina to strengthen its position in the U.S. market.
Europe is considered as the second largest region, holding a significant share in the market. The rapid construction of hotels and private rooms in the region is expected to propel the demand for bathtubs in the region. According to a survey report published by Hotel Magazine of Europe in June 2022, Europe's hotel construction pipeline has 1,706 and 265,818-room projects. The European hotel construction pipeline currently has 817 hotels and 131,772 rooms under construction, with 413 hotels and 60,397 rooms expected to begin construction within the next 12 months.
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Europe is the global leader in international tourism, accounting for roughly two-thirds of international tourist arrivals worldwide. Hence, growing tourism in European countries post pandemic situation is also expected to positively affect the market growth.
Progressive Focus on Practicing Sustainable Solutions to Expand Product Reach
The leading companies in the market are focusing on sustainable business practices, partnerships, and innovation for growth in the market.
Key players are progressively focusing on practicing sustainable business activities by manufacturing bath ware products with high quality raw materials, which can be recycled in future. The companies are continuously concentrating to improve their recycling techniques, which help them to retain a good position in the overall market.
For instance, in March, 2021, TOTO LTD announced its participation in the globe’s largest fair focusing on bath, toilet, building, indoor heating, air conditioning, and renewable energy. The event has helped the company to meet the increasing expectations for sanitation across the globe in the coming years.
An Infographic Representation of Bathtub Market
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The research report analyzes the market in-depth and highlights crucial aspects such as prominent companies, product types, sales channels, and market dynamics. Besides this, the report provides insights into the bathtub market trends and highlights significant industry developments. In addition to the aspects mentioned earlier, the report encompasses several factors contributing to market growth.
Value (USD Billion)
By Material Type
North America (By Type, Application, Material Type, and Country)
Europe (By Type, Application, Material Type, and Country)
Asia Pacific (By Type, Application, Material Type, and Country)
South America (By Type, Application, Material Type, and Country)
Middle East and Africa (By Type, Application, Material Type, and Country)
Fortune Business Insights says that the global market size was USD 9.73 billion in 2021 and is anticipated to reach USD 15.10 billion by 2029.
In 2021, the global market value stood at USD 9.73 billion.
Ascending at a CAGR of 5.72%, the global market will exhibit steady growth over the forecast period (2022-2029).
By type, the alcove segment is leading the market and is expected to grow continuously throughout the forecast period (2022-2029).
The growing residential and commercial sector growth and increasing number of home remodeling and renovation projects are accelerating market growth.
TOTO LTD., Royal Manufacturing, Villeroy & Boch Group, RAK Ceramics, American Bath Group, Geberit AG, Porcelanosa Group, LAUFEN Bathrooms AG, Jacuzzi Inc., and Kohler Co. are the leading players in the market.
North America dominated the global market in 2021.
The rising demand from hotels and restaurants along with the expanding number of brands is favoring product demand, thereby driving market expansion.
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