The global bath remodeling market is anticipated to grow at a significant CAGR of 5.0% during the forecast period. Increasing remodeling projects by rental property owners as they are heavily investing in their properties to enhance the value of owned property is a major factor fuelling to the growth of bath remodeling market. Property owners who are contributing towards bath improvement and remodeling activities are considering it as a wise investment which will increase the value of their overall house. In addition, the growing demand for commercial space to improve and remodel bath due to increasing tourism sector is another factor propelling the growth of global bath remodeling market.
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The impact of COVID-19 pandemic on bath remodeling market found to be positive as people were spending most of the time in their homes and were seeking ways to achieve more comfort and accessibility. The two trends which proliferated the bath remodeling market during COVID-19 pandemic were DIY bathroom remodel and technological developments such as hands-free technology which contributes towards decreasing the spread of bacteria and germs. For instance, in January 2022, Moen launched smart faucet with motion control technology for completely touchless operation. Smart Faucet with Motion Control features new touchless technology that allows the user to control temperature and water flow by using simple hand motions.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Bath Remodeling Market Report Segment
By Material
- Stone
- Ceramic
- Metal
- Marble
- Cement board
- Others (Caulk and Granite)
By Product
- Bathtub
- Faucet
- Shower System
- Lavatory Sinks
- Knobs or handles
- Vanity bases
- Others (Countertop, Cabinets, and Light fixtures)
By End-Use
- Residential
- Commercial
Global Bath Remodeling Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bath remodeling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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