Market Snapshot:
Bathtub is a large container for holding water in which a person can bath. Most of the modern bathtubs are made of fiberglass or acrylic, but alternatives are also available in enamel on steel or the cast iron, occasionally, waterproof finished wood. A bathtub is normally placed in a bathroom either as a stand-alone fixture or in conjunction with a shower. The market of the bathtub is growing due to the rising segment of the disposable income group, there is an increasing demand for luxury plumbing fixtures. While the high cost associated with the bathtub market may possess a hindrance for the market
The research analyst at AMA estimates Bathtubs market to grow at a compounded annual growth rate of 3.7%
Market Drivers
- Rise in housing construction
- Increasing demand for luxury plumbing fixtures
- Rise in household income
Market Trend
- Introduction of high-tech bathtubs with advanced features including wall-mounted LCD, hydrotherapy features
- Increasing adoption of soaking tubs
Restraints
- High cost associated with the product
- Flexibility issue related to the product
Opportunities
Rise in residential and non-residential buildings creating a global growth for the bathtubs market
Vendors Covered in the Study are:
Kohler (United States), Hansgrohe (Germany), Toto (Japan), Roca (Spain), Teuco (United States), Jacuzzi (United States), Maax (Canada), Mirolin (Canada), Jade (Canada), Cheviot (Canada) and Americh (United States)
The Global Bathtubs market is gaining huge competition due to involvement of United States and Canadian companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
Kohler Co. a global leader acquires UK-based Clarke Energy
What can be explored with Bathtubs study:
• Where Bathtubs industry stands in scaling its end use implementations
• What concrete benefits would result from scaled initiatives by Vendors
• Where Vendors should focus their investments cycle
• Key success factors and recommendations for upscaling future growth.
• Target Market / Country and Key Business Segments