Freestanding Bathtub Market Size, Share, Growth, and Industry Growth by Type (Single and Double) By Application (Household, Commercial, and Other), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

REPORT OVERVIEW

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global freestanding bathtub market size was USD 3110.7 million in 2021 and market is projected to touch USD 5288.7 million by 2031 at CAGR 5.4% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with freestanding experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Freestanding bathtub has all four sides exposed. The tub will typically sit directly on the floor of the bathroom without any platform or feet for support.

Growing use of bathtubs and high demand for regular hygiene and comfort needs. Increase in demand for smart or innovative housing facilities. Further, the wide availability of tubs in different shapes and sizes are projected to drive market growth. Rising consumer trends towards spa and body relaxation are estimated to surge market growth. Growing adoption of the tub in residential, hotels, and resorts is predicted to propel market progress. The market is anticipated to witness significant growth owing to easy installation, smoothness, and comfortable are projected to drive market growth in the coming years. Increased home decoration and remodeling coupled with high disposable income is estimated to expand market growth. However, the high cost of the tubs as compared with showers is expected to hamper freestanding bathtub market growth.

COVID-19 Impact: Shutdown of Spas and Hotels to Hamper Market Growth

Shutdown of spas and hotels globally due to lockdown restrictions impacted market growth. Closure of manufacturing units and lack of company merge or acquisition restrict market progress. Shutdown of malls and showrooms reduced product demand. Social distance protocols and zero contact regulation minimized market growth.  

Post-pandemic, the freestanding bathtub market is anticipated to witness positive growth owing to increased demand for smart housing solution and numerous companies are developing shower products and smart bath.

LATEST TRENDS

"Increasing Demand for Smart Housing Solutions to Foster Market Growth"

An increase in demand for smart housing solutions globally is estimated to propel market growth. High consumption rates for innovative home products and growing adoption of innovative bathtubs such as integrated television, voice-activated temperature, and water level monitoring systems are predicted to fuel market growth. Cultivating consumer transformation of bathrooms into living spaces and high demand for functionality-based bathroom products are estimated to fuel market growth. Increased demand for customized bath and shower product is projected to drive market growth. High demand for aesthetic appearance bathrooms is estimated to expand freestanding bathtub market growth in the forthcoming years. 

SEGMENTATION

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• By Type

Based on type, the market is divided into single and double.

Single is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into household, commercial, and other.

Household is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Companies are focused on Developing Shower Products and Smart Bath to Incite Market Growth"

Numerous companies are developing shower products, and intelligent bath is anticipated to surge market growth. High demand for aesthetic bathrooms and growing demand for home spa bathrooms are expected to surge market growth. Increase in consumer trends for private spa massage in the residential area is projected to drive market growth. High demand for smooth and comfortable products in bathroom and rising rate of urbanization rate coupled with changing preferences of the population globally. These factors are anticipated to accelerate market growth in the upcoming years. Further, the wide availability of tubs in numerous shapes and sizes are predicted to expand market growth. Growing need for bathroom products for daily hygiene is estimated to surge freestanding bathtub market growth.

"Increased Number of Spa and Hotels to Stimulate Market Growth "

An increased number of spas and hotels globally is estimated to expand market growth. The rise in a number of middle-income groups and it is cost-effectiveness projected to drive market growth. An increase in demand for the product in spas after relaxation treatment is anticipated to propel market growth. Further, a growing number of hotels are purchasing tubs to ensure luxury and comfort. Such advantages of the product are expected to accelerate market growth. High demand for body relaxation and growing demand for steam bath after gym or workout is anticipated to accelerate freestanding bathtub market growth in the upcoming years.

RESTRAINING FACTORS 

High cost of the tubs as compared with showers is expected to hamper market growth.

REGIONAL INSIGHTS

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"Presence of Large Production Capacities in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to hold the largest freestanding bathtub market share due to the presence of large production capacities in India and China. Rapid urbanization and increased disposable income are projected to drive market growth. Growing use of bathtubs and high demand for regular hygiene and comfort needs. Increase in demand for smart or innovative housing facilities.

North America is estimated to witness a strong market growth owing to increased number of residential housing facilities and high consumption rate of bathtubs. Growing trend for home decoration and remodeling are projected to drive market growth in the upcoming years.  

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Barclay Products (U.K.)
• KOHLER (U.S.)
• Wyndham Collection (U.S.)
• Hydro Systems (U.S.) 
• Aqua Eden (U.S.)
• Elizabethan Classics (U.S.)
• Aquatica (Canada) 
• Pegasus (Turkey)
• ANZZI (U.S.) 
• Universal Tubs (U.S.)
• MAAX (Canada)
• Jade Bath (Canada)
• Premier Copper Products (U.S.)
• Avanity (U.S.)
• SINKOLOGY (U.S.)
• Ariel (U.S.)
• OVE Decors (Canada)
• American Standard (U.S.)
• Whitehaus Collection (U.S.) 
• Schon (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.