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 |
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.
Europe Bath Fitting Industry Segmentation
Bath fittings are one of the most widely demanded products as people are adopting urbanisation. A complete background analysis of the Europe Bath Fitting Market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and key company profiles are covered in the report. The Europe Bath Fitting Market is segmented by Product (Faucets, Showers, Bathtubs, Showers Enclosures and Other Product Type), Distribution (Multi-brand Store, Exclusive Stores, Online and Other Distribution Channels), By Country (United Kingdom, France, Italy, Germany, Spain, Other European Countries) and by End-User (Commercial and Residential). For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
By Product | |
Faucets | |
Showers | |
Bathtubs | |
Showers Enclosures | |
Other Product Types |
By Distribution Channel | |
Multi- brand Stores | |
Exclusive Store | |
Online Stores | |
Other Distribution Channels |
By End Users | |
Residential | |
Commercial |
By Country | |
United Kingdom | |
France | |
Italy | |
Germany | |
Spain | |
Other European Countries |
Europe Bath Fitting Market Size Summary
The Europe Bath Fitting Market is experiencing significant growth driven by advancements in the residential construction sector and ongoing renovations. Factors such as increasing disposable income, space constraints in homes, and elevated lifestyle standards are contributing to this expansion. The demand for bath fittings is on the rise due to modernization and urbanization trends across the region. However, the COVID-19 pandemic initially led to a slowdown in construction activities and a decline in metal prices, which negatively impacted the demand for bath fittings. Despite these challenges, there has been a resurgence in construction activities within the European Union, with a notable demand for eco-friendly bath fittings. This growth is supported by continuous innovation from companies aiming to meet the dynamic needs of consumers, further fueled by rising per capita income.
The market is also benefiting from increased consumer spending on housing and home improvements, particularly in urban areas where the population is concentrated. Countries like the UK are witnessing a rise in housing repairs and private house construction, contributing to the demand for bathroom fixtures and accessories. The adoption of smart bath fittings and technological advancements are intensifying competition among companies, with significant investments in the market. Notable players such as Kohler, TOTO, ROCA, Steinberg, and Hansgrohe are leading the charge in innovation, offering products like contact-free infrared taps and IoT-based bathroom monitoring systems. These developments reflect a broader trend towards safety and efficiency, particularly in the wake of health concerns heightened by the pandemic.
Europe Bath Fitting Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Recent Development In Markets
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1.6 Porter's Five Force Model
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1.7 Technology Snapshot
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1.8 Consumer Behaviour Analysis
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1.9 Government Regulation In Market
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1.10 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Faucets
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2.1.2 Showers
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2.1.3 Bathtubs
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2.1.4 Showers Enclosures
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2.1.5 Other Product Types
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2.2 By Distribution Channel
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2.2.1 Multi- brand Stores
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2.2.2 Exclusive Store
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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2.3 By End Users
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2.3.1 Residential
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2.3.2 Commercial
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2.4 By Country
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2.4.1 United Kingdom
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2.4.2 France
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2.4.3 Italy
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2.4.4 Germany
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2.4.5 Spain
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2.4.6 Other European Countries
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Europe Bath Fitting Market Size FAQs
What is the current Europe Bath Fitting Market size?
The Europe Bath Fitting Market is projected to register a CAGR of less than 1.5% during the forecast period (2024-2029)
Who are the key players in Europe Bath Fitting Market?
Kohler, TOTO, ROCA, Steinberg and Hansgrohe are the major companies operating in the Europe Bath Fitting Market.