Global Thermostatic Bathtub Shower Mixer Market Trends 2024, Forecast To 2033
12 Nov, 2024
The thermostatic bathtub shower mixer market has witnessed strong growth in recent years. It is expected to grow from $44.06 billion in 2023 to $49.11 billion in 2024, reflecting a CAGR of 6.6%. The market's growth is driven by the rising demand for enhanced safety features, urbanization, increased disposable incomes, growth in the hospitality industry, and a rise in the adoption of sustainable products. The thermostatic bathtub shower mixer market is forecast to grow to $63.74 billion by 2028, with a CAGR of 6.7%. The growth is attributed to a growing desire for enhanced bathing experiences, luxury and convenience demands, the popularity of smart mixers, water and energy conservation concerns, and residential infrastructure growth. Major trends include technological advancements, multifunctional bathrooms, smart home system integration, water-efficient designs, and touchless technologies.
Major Driver In The Thermostatic Bathtub Shower Mixer Market
The growth of residential and commercial infrastructure is expected to propel the thermostatic bathtub shower mixer market. Driven by urban population growth and real estate investments, these mixers improve safety and comfort by maintaining consistent water temperatures. The US Census Bureau reported a construction spending estimate of $2,162.7 billion in July 2024, reflecting a 6.7% increase from July 2023, showcasing the demand for modern infrastructure.
Request A Free Sample Of The Thermostatic Bathtub Shower Mixer Market ReportThermostatic Bathtub Shower Mixer Market Competitive Landscape
Inter IKEA Systems B.V, Grohe AG, Kohler Company, Toto Limited, Roca Group, Hansgrohe SE, Ideal Standard International, Villeroy & Boch AG, Rak Ceramics, Duravit AG, Jaquar Group, Dornbracht Group, Bristan Group Limited, Kludi GmbH & Co. KG, Crosswater Limited, Hudson Reed, Flova, Nuie, VADO, Premium-Plumbing.co, Fima Carlo Frattini S.p.A., Sagittarius Bathroom Products Limited, Gessi S.p.A., Fabbrica Italiana Rubinetterie
Key Thermostatic Bathtub Shower Mixer Market Trend
Companies in the thermostatic bathtub shower mixer market are developing advanced products such as cool touch technology integrated mixer showers, enhancing user safety by keeping the exterior of the shower cool, even with high water temperatures. Cool Touch technology prevents the outer surface of the shower from becoming excessively hot. For example, in February 2022, Gainsborough Showers, a UK-based company, launched a range of mixer showers with thermostatic temperature control and cool touch technology. The collection includes high-pressure dual outlet showers and manual mixer models, providing safe family showering and convenience with features like a versatile three-spray mode handset and easy maintenance rub-clean jets.
Purchase The Global Thermostatic Bathtub Shower Mixer Market Report Directly And Get A Swift DeliveryGlobal Thermostatic Bathtub Shower Mixer Market Segmentation
The thermostatic bathtub shower mixer market covered in this report is segmented –
1) By Type: Freestanding, Wall Mounted, Deck Mounted
2) By Product: Single Lever Mixer, Two Handle Mixer, Other Products
3) By Application: Home, Commercial
By Geography:The regions covered in the thermostatic bathtub shower mixer market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the thermostatic bathtub shower mixer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Thermostatic Bathtub Shower Mixer Global Market Report 2024 furnishes information about the global thermostatic bathtub shower mixer market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.