Mexico Bathtub Market by Product Type (Free-standing Bathtubs, Alcove Bathtubs, Drop-In Bathtubs, Corner Bathtubs) By Material (Steel, Acrylic, Ceramic), By End-Use (Residential and Commercial), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Market.US announces the publication of its most recently generated research report titled, “Mexico Bathtub Market by Product Type (Free-standing Bathtubs, Alcove Bathtubs, Drop-In Bathtubs, Corner Bathtubs, and Other Types) By Material (Steel, Acrylic, Ceramic, and Other Materials), By End-Use (Residential and Commercial) – Global Forecast to 2031”, which offers a holistic view of Mexico Bathtub Market through systematic segmentation that covers every aspect of the target market.

Mexico Bathtub Market is projected to be US$ 158.8 Mn in 2021 to reach US$ 208.5 Mn by 2031 at a CAGR of 2.8%.

A bathtub is a container that holds water that is used to bathe or shower in. It is also known simply as a bath or tub. Most modern bathtubs are made of acrylic, fiberglass, steel or cast iron, but alternatives are available in enamel, and occasionally waterproof finished wood. A bathtub is usually placed in a bathroom either as a stand-alone fixture or in conjunction with a shower.

Modern bathtubs have overflow or excess water drains, and generally have taps mounted on them. They may be built-in or free standing or even sometimes sunken. Until recently, most bathtubs were roughly rectangular in shape, but with the advent of acrylic thermoformed tubs, varying shapes or sizes are now available. Bathtubs are commonly white/off-white in colour, although other colours options can be found as well.

The demand for bathtubs is primarily driven by the expansion of the hospitality industry. The desire to travel owing to a surge in the influence of social media has further contributed to the general increase in the number of travelers on a global-scale. This increase in travelers has subsequently lead to a surge in the demand for luxury services offered by various entities in the hospitality industry, which is a primary factor that has compelled key industry players to offer the best possible product as a means of catering to their potential clientele.

Therefore, various players in the hospitality industry tend to install bathtubs at their facilities, be it a spa or a wellness center, to lure potential patrons the facility to relax and unwind. As such, this anticipated surge in the economic growth of the hospitality industry is expected to spike the demand for both conventional and smart bathtubs.

The high costs associated with bathtubs, its installation, as well as the maintenance and energy consumption may be a major challenge for those individuals that belong to low-to-medium income groups. Nonetheless, the availability of financing options and easy payment plans can alleviate the effect of this obstacle to a certain extent.

Mexico Bathtub Market Revenue (US$ Mn), 2020–2031

Mexico Bathtub Market Attractiveness Analysis by Component, 2015–2031

The bathtub market in Mexico is segmented on the basis of type, material, end-user, and region. Based on type, this target market is divided into free-standing bathtubs, alcove bathtubs, drop-in bathtubs, and corner bathtubs, among other types. With respect to type segmentation, the free-standing bathtubs sub-segment is expected to account for a majority share of this target market’s revenue.

On the basis of material, it is divided into steel, acrylic, ceramic, and other materials. With respect to the material segmentation of this target market, the acrylic segment is projected to register high revenue growth over the forecast period. On the basis of end-user, this market is bifurcated into residential and commercial. Among these end-user segments, the residential segment is expected to register the majority revenue share of this target market.

The research report on Mexico bathtub market includes profiles of some of the major companies such as:

• Kohler Co.
• TOTO Ltd.
• Roca Sanitario S.A.
• Jacuzzi Brands LLC
• Villeroy & Boch
• RAVAK A.S.
• Shower Walls S.A. De C.V
• other

Mexico Bathtub Market Segmentation Based on Product Type, Material Type, End-Use, and Region

Based on Product Type

• Free-standing Bathtubs
• Alcove Bathtubs
• Drop-In Bathtubs
• Corner Bathtubs
• Other Types

Based on Material Type

• Steel
• Acrylic
• Ceramic
• Other Materials

Based on End-Use

• Residential
• Commercial

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• MEA

For the Mexico Bathtub Market research study, the following years have been considered to estimate the market size: