A bathtub, also known simply as a tub, is a container for holding water in which a person or animal may bath. Most modern bathtubs are made of thermoformed acrylic, porcelain enamelled steel, fiberglass-reinforced polyester, or porcelain enamelled cast iron. They are manufactured in different shapes and style, which can go flexibly according to the customer choice.
Using bathtub leads to various body and skin health benefits, which is one of the major driving factors of the bathtubs market. Furthermore, introduction of new technologies in the market by the key market players to provide better bathing experience to its customers fuel the market growth.
Growth in urbanization and increase in purchasing power parity are anticipated to provide lucrative opportunity to the market. According to the World Bank, the urbanization ratio is likely to rise in the near future.Furthermore, urbanization will lead to rise in disposable income, which will fuel the demand for bathtub in future. People are moving toward urban areas, which is directly improving the standard of living of the customers. Thus, as the standard of living will improve, the demand for bathtub installation will also rise, driving the demand for bathtubs in the near future.
COVID-19 was declared a pandemic by the WHO in the earlier half of 2020. The outbreak of coronavirus has significantly impacted not only various consumer goods industries but also all stages of the supply chain and value chain of various industries. In addition, the consumer goods industry is currently facing challenges due to halting of operations, which, in turn, has disrupted the economy of numerous countries. The offline sales segment has especially been impacted since specialty stores have been shut due to the lockdown and customer visits are entirely restricted. On the contrary, sales through e-commerce have experienced a rise during this phase.
Maybe this report provides a quantitative analysis of the current trends, estimations, and dynamics of the global bathtub market from 2019 to 2027 to identify the prevailing market opportunities.
Post time: Aug-03-2022