Market Size of Europe Bath Fitting Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 1.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Bath Fitting Market Analysis
The Europe Bath Fitting Market is growing rapidly owing to the development in the residential construction sector and renovations. Additionally, actors attributing to this growth are increasing disposable income, space constraint issues in houses, and rising levels in lifestyle. Due to modernization and urbanization, the demand for bath fittings is increasing in the country with a CAGR of 1.5% over the forecast period.
The COVID-19 (coronavirus) pandemic has resulted in a decrease in construction activity and falling metal prices. These factors have indirectly caused demand for faucets and other bath fittings to decrease, resulting in a decrease in revenue for industry operators.
European Union in past few months shown a good increase in construction activities, with increasing demand for bathrooms having eco-friendly bath fittings. This growth will be fuelled by organisations innovating constantly to meet the ever-evolving needs of consumers. The growth and innovation spurts that most middle-income economies witnessed at the per capita income of USD 44,539. The bath fitting industry is fuelled up by rising per capita income. The growing demand for bathroom accessories in European Union was growing with a revenue of USD 7.16 billion for 2021 which is USD 6.97 billion for 2020. Consumer spending on housing and improvement was increasing in near past resulted in pushing bath fitting markets demand.
