According to the latest research by Future Market Insights, the plastic bathtub market is set to experience steady growth from 2021 to 2031, with a CAGR of approximately 4.3%. This growth is driven by evolving consumer preferences, increased demand for premium residential products, and the expanding influence of Western culture, which is shaping modern bathroom designs.
Key Drivers of Plastic Bathtub Market Growth
- Evolving Consumer Lifestyles: Rapidly changing lifestyles and increasing demand for premium home fixtures are driving the demand for plastic bathtubs, as consumers prioritize comfort and luxury in their living spaces.
- Western Cultural Influence: The growing influence of Western culture, especially the trend toward modern, stylish bathroom designs, is leading consumers to invest in aesthetically appealing and functional bathtubs for their homes.
- Rising Housing Construction: The surge in housing development, particularly in rural areas, is boosting the demand for bathroom fixtures, including plastic bathtubs, as part of new residential construction projects.
- Health and Wellness Trends: Increasing awareness of health and wellness is encouraging the use of bathtubs for therapeutic purposes, such as relaxation after physical activities and relief for patients with conditions like arthritis.
- Technological Innovation: Advancements in product features, such as Bluetooth speakers, cup holders, temperature control, and portable designs, are enhancing the appeal of plastic bathtubs and attracting a wider range of customers.
- Affordability and Convenience: Portable plastic bathtubs, which are cost-effective and easy to use, provide consumers with a convenient alternative to expensive traditional bathtubs, contributing to market growth.
Regional Insights
- North America: Strong demand for plastic bathtubs is expected to recover with the resurgence of the construction industry and growing preference for premium, innovative bathroom products.
- Europe: Despite initial pandemic-related challenges, Europe’s market is poised for growth as manufacturers adapt to customer needs and leverage key ports for efficient raw material exchange.
Key Manufacturers and Suppliers of Plastic Bathtubs
- Homefilos,
- KOBIA Bathtub Manufacturer,
- Korra Bath Ware Co., Ltd.,
- Xuancheng GreenGoods Enterprise Co., Ltd.,
- Taizhou Hanxi Trade Co., Ltd.,
- Asia Billion Innovation Technology Limited,
- HSIL Limited, OVE Decors,
- TOTO LTD.,
- Villeroy & Boch, Roca Sanitario S.A.,
- Foshan Deltar Building Material Co., and many others.
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Key Segments
By Product Type:
- Floor Mounted
- Free-standing
- Wall-mounted
- Others
By End Use:
- Residential
- Commercial
By Distribution Channel:
- Wholesalers/ Distributors
- Specialty Stores
- Department Stors
- Online Retailers
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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