DALLAS, Nov. 03, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the bathtub market looks good with opportunities in residential and non-residential buildings. The global bathtub market is expected to reach an estimated $9.9 billion by 2023 with a CAGR of 3.7% from 2018 to 2023. The major drivers for the growth of this market are a rise in housing construction, increasing demand for luxury plumbing fixtures, and a rise in household income.
Browse 72 market data tables and 103 figures spread through 162 pages and in-depth TOC on “Global Bathtub Market” at https://www.lucintel.com/bathtub-market-2018-2023.aspx
In this market, standard bathtub and whirlpool bathtub are used for bathtub manufacturing for product. Lucintel forecasts that the whirlpool bathtub segment will show above average growth during the forecast period. Download Free PDF Brochure @ https://www.lucintel.com/bathtub-market-2018-2023.aspx
APAC is expected to remain the largest market during the forecast period mainly due to increasing investments in residential and non-residential construction and increasing per capita income in developing nations. Pre-Purchase Query click https://www.lucintel.com/bathtub-market-2018-2023.aspx
Within the global bathtub market, the residential segment is expected to remain the largest segment. Increasing demand for urban housing along with increasing household income will stimulate bathtub demand over the forecast period.
Emerging trends which have a direct impact on the dynamics of the bathtub industry are the introduction of high-tech bathtubs with advanced features including wall-mounted LCD, hydrotherapy features, and the increasing adoption of soaking tubs. Lixil Corporation, Kohler, Toto, and Roca and others are among the major suppliers of bathtubs.
Lucintel, a leading global market research firm, has analyzed growth opportunities in the global bathtub market by product, material, shape, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Bathtub Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global bathtub market by product, material, shape, end use, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.