Market Overview:

According to Fortune Business Insights Global Bathtub Market size was valued at USD 10.72 billion in 2023. The market is projected to grow from USD 10.29 billion in 2024 to USD 18.22 billion by 2032, exhibiting a CAGR of 6.17% during the forecast period.

List of Key Players Mentioned in the Report:

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Segments:

Alcove Bathtubs to Gain Traction Driven by Popularity in Various Regions

On the basis of type, the market is categorized into drop-in, free standing, alcove, and others. Of these, the alcove segment is anticipated to register substantial growth over the projected period. The surge can be attributed to the rising popularity of the product in Europe and North America.

Residential Segment to Record Commendable Growth Owing to Increasing Renovations

Based on application, the market is fragmented into commercial and residential. The residential segment is estimated to record appreciable expansion throughout the forecast period. The rise is being propelled by an escalation in renovation projects in various regions.

Fiberglass Segment to Register Notable Surge Due to Low Cost