Bathing tubs are generally used for bathing and are mainly placed inside the bathroom. These are also used for holding water. The modern bathing tubs are made of thermoformed acrylic, porcelain enameled steel, fiberglass-reinforced polyester, or porcelain enameled cast iron.
COVID-19 Impact Analysis
- COVID-19 pandemic has shut down a large number of construction activities, power plants, chemical storage industry, technology advancement companies, and others. This has hampered the growth of the bathing tubs market in the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of the product in the first quarter of 2021 and is anticipated to weaken market growth throughout the year.
- The major demand for bathing tubs was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which has temporarily stopped by the spread of the pandemic, thereby declining the demand.
- Further, the potential impact of the lockdown is currently vague and the financial recovery of companies is based on its cash reserves. Key players of the bathing tubs market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
- The Bathing Tubs market is expected to focus on protecting its workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Market Trends
Ability to provide mind and body relaxation during bath is one of the major factors that boosts the growth of the market. Modern bathing tubs has the ability of detoxification, as soaking body into warm water detoxifies the body. It is very much helpful to patients who are suffering from liver, kidney, colon, and lungs problem. Moreover, the patients suffering from arthritis experience hydrostatic pressure and diminishes the gravity effect on the body, which helps in relieving the day-to-day sore joint pressure experiences.
The most important factor which is the barrier for the bathing tubs market is the low availability of raw materials such as porcelain enameled steel, fiberglass-reinforced polyester, or porcelain enameled cast iron. Another barrier is the fear of dying during the bath because many people fall asleep in the bathing tubs.
Market Trends
- MY MOVE (Freshome) introduced an air bathtub, the modern take on massaging jets. Air channels deliver a steady stream of warm massaging bubbles like hot springs.
- Smarthydro – the most advanced Bathing Tubs in the world. The Smarthydro is slick, Brazilian, and has a smart Space Shuttle. Controlled by remote control or smartphone, it fills itself, keeps the temperature constant, featured with bubbles and light show on demand. It also cleans at the push of a button.
- The key players such as Americh, Inc., HSIL Limited, Jacuzzi Inc., Jaquar Group, Kohler Co., Ove Decors ULC, and others are arranging the workshop for the workforce to educate about the bathing tubs market.
Key Benefits of the Report
- This study presents the analytical depiction of the Bathing Tubs market-making industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the bathing tubs market share.
- The current market is quantitatively analyzed to highlight the Bathing Tubs market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed bathing tubs market analysis based on competitive intensity and how the competition will take shape in the coming years.
Key Market Segments
- By Type
- Standard Bathing Tubs
- Whirlpool Bathing Tubs
- By Type
- Acrylic
- Cast Iron
- Fiberglass
- Others
- By Type
- By End-User
- Residential
- New Residential
- Remodeling
- Commercial
- By Region
- North America
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Ove Decors ULC
- Roca Sanitario, S.A.
- RAK Ceramics
- HSIL Limited
- TOTO Ltd.
- Kohler Co.
- Jacuzzi Inc.
- Jaquar Group
- Villeroy & Boch AG.
- Americh, Inc.