North America Bath Remodeling Market Analysis

North America Bath Remodeling Market Analysis

Metal materials in the North American bath remodeling market held about 30% shares in 2020. The usage of metals in faucets and some high-end copper and brass alloy bathtubs & sinks is boosting the segment demand. Faucets are highly priced but they enhance the aesthetics of the bathroom. The development of hands-free or touch-free faucets and the rising desire of homeowners to incorporate such faucets in their master bathrooms are the key trends.

Bathtub products in the remodeling sector are anticipated to generate more than USD 6 billion revenue by 2027. The bathtub product sales is rising in the region owing to the higher trends of remodeling master baths with high-end products. According to National Kitchen & Bath Association 2019 report, on an average, the U.S. residentials spent around USD 32 thousand on master bath remodeling.
 

Moreover, the integration of technologies into bathtubs, such as color therapy for showers and bathtubs, is among the key trends. However, considerable incidents of injuries reported with the use of bathtubs in the region are posing challenges to the segment. The U.S. Consumer Product Safety Commission (CPSC) approved new federal standards to improve infant bathtub safety.
 

The residential bath remodeling end-use dominates the North America market and is projected to showcase nearly 4% CAGR through 2027. The higher investments by homeowners in bath remodeling to improve the bathing experience along with maintaining the value of property are supporting the market growth. Additionally, higher remodeling activities associated with the master bath and the integration of a wide range of technological solutions are augmenting the industry expansion. The rising rental home remodeling activities and higher old house maintenance projects in the U.S. are the key forces behind the higher shares of residential end-use.
 

The U.S. market size is predicted to account for over USD 66 billion revenue by 2027. Large number of housing projects with higher remodeling trends is set to fuel the regional industry statistics. The growing demand for advanced technological solutions in bath products coupled with a large number of old houses in the region will spur the market revenue. Furthermore, the presence of large commercial office spaces in the U.S. and the growing tourism industry are likely to witness significant opportunities for commercial remodeling projects.