Market Size of United Kingdom 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UK Bath Fitting Market Analysis
The UK 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 activities and metal prices but triggers hygiene and sanitation amongst the consumers. These factors have indirectly caused demand for faucets and other bath fittings to decrease but there is a lot of innovation related to AI and IoT installation in bath fittings like faucets, etc, resulting in a decrease in revenue for industry operators as a cost incurred are high.
The United Kingdom in the past few months has shown a good increase in construction activities, with increasing demand for bathrooms having eco-friendly bath fittings. This growth will be fuelled by organizations 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 47,800. The bath fitting industry is fuelled up by rising per capita income. Consumer spending on housing and improvement was increasing in the near past resulted in pushing bath fitting markets demand.
