Market Trends of United States Bath Fitting Industry
This section covers the major market trends shaping the US Bath Fitting Market according to our research experts:
Rising Urbanization And Construction Activities
Urbanization is one of the key factors enabling and driving the demand transformation, as the consumers are demanding eco-friendly bath fittings, new technological faucets, etc. With 82.46% of the total population leaving in cities and urban areas, there is a surplus demand for bathroom fixtures, fittings, and others. United States construction spending in public and private sector accounting to USD 1,290bn. in 2018, USD 1,380bn. in 2019 and USD 1,500bn. in 2020. The boost in construction activates leads boost in bath fittings.
Bathroom Renovation Pushing Demand
In the United States, the reason for the renovation of the bathroom is an Upgraded system, increase shower size, changed layout, Modified Walls, Modified Ceiling, Modified flooring, Changing room location, and Others. Amongst all of these, Upgrading System is the sole reason for renovation. Pushing demand for renovation and upgrading systems helps to uplift the demand of the Bath Fitting market.
The median national spend on master bathroom remodels remained consistent, at USD 8,000, in 2019. Shower upgrades coincide with a threefold increase in the cost of a remodel. Homeowners who remodel their master bathrooms with a shower upgrade have a median spend of USD 14,000, and those without a shower upgrade have a median spend of only USD 4,500. Larger bathrooms coincide with a remodel that is nearly twice as costly. Homeowners who remodel a master bathroom larger than 100 square feet typically have a median spend of USD 7,000 more than those with bathrooms smaller than 100 square feet.
