Market Size of United States Bath Fitting Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Bath Fitting Market Analysis
The United States 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 5% over the forecast period.
The COVID 19 pandemic has been severely affecting various businesses in the United States including the bathroom fittings industry. Categories like sanitaryware and bathroom fixtures are largely classified as discretionary spending and have witnessed a deferment of demand due to an expected decline in renovation/refurbishment activity in the near term due to the COVID-19 outbreak. However, public health has become an urgent matter in the current climate. The architecture and interior design of bathrooms are taking a fresh look at the foundation. Now, in the context of COVID-19, these spaces could evolve. When the current pandemic finally recedes, a new wave of innovations in the bathroom ensures that it is cleaner, more hygienic, and comfortable.
The growing construction of smart homes and smart bathrooms can be attributed to an increasing number of consumers showing a preference for a spa-like experience at home. Digital faucets that operate on sensors serve to conserve water and energy through different features such as reduced tap flow, digital temperature control settings, touchless technology, infrared tap technology, and timed settings. The growth and innovation spurts that most middle-income economies witnessed at the per capita income of USD 66080.
