The Bathtub Global Market Report 2023 by The Business Research Company, provides bathtub market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Bathtub Market:
https://www.thebusinessresearchcompany.com/report/bathtub-global-market-report
According to The Business Research Company’s Bathtub Global Market Report 2023, the market size is expected to grow from $8.38 billion in 2022 to $8.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the bathtub is expected to grow to $10.39 billion in 2027 at a CAGR of 4.4%.
The expansion of the hospitality industry is driving the growth of the bathtub market. Many hotels and resorts have bathtubs installed in their guest rooms to provide a luxurious and comforting experience to travelers.
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The bathtub market is segmented:
1) By Type: Acrylic, Cast Iron, Fiberglass
2) By Shapes: Rectangular, Square, Oval
3) By Installation: Free Standing, Alcove, Drop In
4) By Application: Residential, Commercial
Technological advancement is a key trend gaining popularity in the bathtub market. Major companies operating in the bathtub market are focused on bringing advancements in technologies to offer an enhanced product to its customer. For instance, in January 2022, Kohler launched the PerfectFill technology bathtub. The bathtub has voice command technology that uses Alexa to fill and remove water into and from the bathtub. PerfectFill is made up of a drain kit and a digital valve that work together to bring the bath to the temperature and depth that is chosen.
The bathtub market report table of contents includes:
1. Executive Summary
2. Bathtub Market Characteristics
3. Bathtub Market Trends And Strategies
4. Bathtub – Macro Economic Scenario
5. Bathtub Market Size And Growth
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26. Africa Bathtub Market
27. Bathtub Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bathtub Market
29. Bathtub Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Jacuzzi
- Jaguar
- Kohler Co
- RAK Ceramics P.J.S.C
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