The presence of well-connected ports in Europe offers advantageous conditions for developing countries to engage in business, facilitating the exchange of raw materials essential for production. However, the outbreak of the virus and subsequent government regulations severely impacted European countries, leading to disrupted product movement and constrained production capacity. Consequently, the growth rate of Plastic Bathtub sales faced limitations.
Nevertheless, manufacturers and industry players remain focused on meeting customer needs through tailored product offerings. They employ strategic approaches aimed at capturing market share, boosting profitability, and enhancing competitiveness against their peers. By embracing innovative strategies and factors conducive to market expansion, the plastic bathtub industry in Europe is expected to thrive in the forecast period.
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According to the latest research by Future Market Insights, the plastic bathtub market is set to witness steady growth during 2021-2031, with a CAGR of around 4.3%.
Demand for plastic bathtubs will witness growth due to the rapidly changing lifestyles of the individual and the growing demand of customers to install premium products in their residential area.
Further, the heavy influence from the western culture leads to the customer giving their bathrooms a modern look, therefore, such reasons are projected to grow the plastic bathtub sales.
Plastic Bathtub Market Forecast and CAGR
According to the latest research by Future Market Insights, the plastic bathtub market is set to witness steady growth during 2021-2031, with a CAGR of around 4.3%.
Demand for plastic bathtubs will witness growth due to the rapidly changing lifestyles of the individual and the growing demand of customers to install premium products in their residential area.
Further, the heavy influence from the western culture leads to the customer giving their bathrooms a modern look, therefore, such reasons are projected to grow the plastic bathtub sales.
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What is Driving Demand for Plastic Bathtub Market
One of the major factors driving the growth of the plastic bathtub industry includes the rise in housing construction with the development in rural areas and increasing demand for premium plumbing fixtures.
Further, the plastic bathtubs serve the purpose of relaxing the mind and body of the consumers, maybe after a physical workout or stressful day.
Additionally, a plastic bathtub allows an individual to submerge their body in cold or warm water to refresh their minds or relax the muscles respectively.
Also, plastic bathtubs turn out to be an effective option for patients suffering from arthritis, as it allows them to inflate their body and experience hydrostatic pressure blocking the gravity force on them in order to help get rid of joints pain, therefore, growing the demand for medical reasons available at home are projected to grow the sales.
Innovating and Expanding Product Portfolio Likely to Augment Plastic Bathtub Sales
Bathtub business manufacturers and players are focusing and widening their business portfolios by focusing on innovation in order to supply customers with satisfying and comforting items. Plastic bathtubs that can be mounted with a fixed surface include various innovations like the introduction of Bluetooth speakers, cup holders, lights, temperature control features, jacuzzi tubs, etc., which are likely to raise the demand and sales of the plastic bathtub.
In addition, the innovation in the use of the material has enabled the customer to purchase portable plastic bathtubs. These bathtubs come with electrical motors that can pull and blow air within 2-4 minutes and provide the customer with personal space to relax. Tubble, an Amsterdam-based company provides these portable plastic bathtubs an alternative option to other expensive bathtubs, therefore, expanding the product portfolio and creating new opportunities for the plastic bathtub industry to grow.
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Who are the Key Manufacturers and Suppliers of Plastic Bathtubs
Some of the leading manufacturers and suppliers of plastic bathtubs include
- Homefilos,
- KOBIA Bathtub Manufacturer,
- Korra Bath Ware Co., Ltd.,
- Xuancheng GreenGoods Enterprise Co., Ltd.,
- Taizhou Hanxi Trade Co., Ltd.,
- Asia Billion Innovation Technology Limited,
- HSIL Limited, OVE Decors,
- TOTO LTD.,
- Villeroy & Boch, Roca Sanitario S.A.,
- Foshan Deltar Building Material Co., and many others.
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