Market Trends of Europe Bath Fitting Industry
This section covers the major market trends shaping the Europe Bath Fitting Market according to our research experts:
Increase in Consumer Spending And Urbanization
The Consumer spending in housing and housing renovation in the region has been increasing steadily over the last few years accounting for USD 3,491.7 in 2019, USD 3573.3 in2020 and USD 3,837.6 for 2021. Furthermore, with population in the European countries being more concentrated in urban regions people are spending more for lifestyle changes which is fuelling the growth of the market. With 95%, 85% and 82% of total population are leaving in cities and urban areas of Europe's most urbanised cities Malta, UK and the Netherlands, there is a surplus demand of bathroom fixtures, fittings and other accessories.
Growth In Buying Home Improvement Products
European Union is experiencing a huge demand for construction activities. Furthermore, Countries like the UK are experiencing an increase in Housing repair and private house construction activities wherein 20% of total construction is of private houses whereas 18% is of housing repair. London has the highest number of constructions activities in the UK region followed by Wales and others.
In Polland, the growth of interest in buying home improvement products like Wallpaper and Murals, Whirlpool Bath, Underlay mats for a laminate floor, Shower accessories, Shower enclosures, etc been surge during the coronavirus (COVID-19) pandemic.
