The North American bathroom remodeling market will reach $ 78 billion by 2027;


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Selbyville, Delaware, Oct. 13, 2021 (GLOBE NEWSWIRE) – Revenues in the North American tub retrofit market are expected to register a valuation of $ 78 billion by 2027, according to the most recent study from Global Market Insights Inc. The increasing prevalence of bathroom remodeling in residential and commercial sectors along with the increasing acceptance of new, better and niche materials in bathroom remodeling will drive the market growth during the forecast period. .

The remodeling of the bathroom brings an increased level of comfort. Homeowners opt for this solution because of other key factors such as improving aesthetics and increasing the resale value of homes. Additionally, as technology in living spaces becomes more prevalent in the region, consumers are looking for ways to combine luxury and technology to keep their overall space on trend.

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Taking advantage of this opportunity, manufacturers are offering a range of products from digital faucets to integrated toilets, thereby merging technology and luxury. In addition, owner-occupied housing further catalyzes the North American bathroom remodeling market.

Ceramic materials generated approximately $ 16 billion in sales in 2020. Ceramic materials are widely used in flooring applications for bathtub refurbishments in the region. They are economical materials and manufacturers offer a wide range of colors, shapes and appearances for flooring applications. These materials are used to offer all types of bathrooms, from modern bathroom designs to contemporary designs. The development of new products as well as the establishment of new ceramic tile facilities in the region will drive the growth of materials during the forecast period.

Shower system products are expected to generate nearly $ 8 billion in revenue in the North American tub retrofit market by 2027. A shower system includes shower heads, cabinets, and other accessories. The development of new shower heads with more durable and resistant properties as well as easy assembly will stimulate the demand for shower systems. For example, in May 2020, TRES developed a shower system with an extra flat profile that offers benefits such as thinness and the soothing sensation of water. In addition, the cabinets are mainly available in glass materials and the increasing demand for flat shower heads with improved fineness will drive the growth of the segment.

The commercial segment is expected to show significant growth at over 3.5% CAGR from 2021 to 2027 due to the development of a wide range of office space in the United States and Canada. The increase in hotel renovation projects in the United States due to the growth in tourism and the demand for luxury hotels further supports the growth of the market. The presence of a large number of luxury hotels in the United States and the more extensive updating of these hotels to ensure customer satisfaction is driving the growth of the segment.

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The increase in spending on home improvement and home improvement projects in Canada is supporting the growth of the bathroom remodeling market and is expected to grow at a CAGR of over 3.5% from 2021 to 2027. Ontario, Quebec and British Columbia dominate the market with over 50% market share. the Canadian home improvement market. In addition, the growing demand for improvements to the commercial spaces in the country and the proliferation of the tourism sector are driving the growth of the remodeling market. In addition, home repair and maintenance projects are also growing in the country.

Some of the key findings of the North America Bathtub Remodeling Market report are:

  • The bathroom renovation market is very fragmented, with the presence of several regional manufacturers.
  • Growing desire of suburban and urban homeowners in the United States to renovate their homes.
  • Growing concerns to minimize water wastage have prompted customers to upgrade their faucets and toilet solutions with advanced water technology products.
  • The growing trend among older baby boomers to modernize their homes and bathrooms with exterior / interior replacements and equipment upgrades will support industry growth over the forecast period.
  • Industry players focus on mergers and acquisitions, R&D investments, product developments and the expansion of long-term distribution networks.

Partial chapters of the report table of contents (TOC):

Chapter 2 Executive Summary

2.1 360 ° Synopsis of North America Bathroom Remodeling Industry, 2017-2027

2.1.1 Trade trends

2.1.2 Hardware trends

2.1.3 Product trends

2.1.4 End-use trends

2.1.5 Country trends

Chapter 3 North America Bathtub Remodeling Industry Overview

3.1 Industry segmentation

3.2 Industry Size and Forecast, 2017-2027

3.2.1 Impact of COVID-19 on the Industry Landscape

3.3 Industry Ecosystem Analysis

3.3.1 Supply chain

3.3.2 Analysis of distribution channels

3.3.2.1 Online sales channel

3.3.2.2 Reseller

3.3.2.3 Wholesaler

3.3.2.4 DIY retailers

3.3.2.5 DIFM retailers

3.3.3 Profit Margin Trends

3.3.4 Analysis of value chain disruptions (COVID-19 impact)

3.3.5 Matrix of suppliers

3.4 Future trends

3.4.1 Innovation landscape

3.5 Raw material analysis

3.5.1 Supply chain management practices by raw material suppliers

3.5.2 Impact of COVID-19 on the supply of raw materials

3.6 Regulatory trends

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Changing consumer purchasing behavior due to the lifestyle revolution

3.7.1.2 Energy efficiency support programs and financing options

3.7.2 Pitfalls and challenges of the industry

3.7.2.1 Increased labor costs and the need to improve visibility and efficiency of the supply chain

3.8 Growth potential analysis, 2020

3.9 Carrier analysis

3.9.1 Supplier authority

3.9.2 Purchasing power

3.9.3 Threat of new entrant

3.9.4 Threat of replacement

3.9.5 Industry Rivalry

3.10 Competitive landscape, 2020

3.10.1 Top Players Overview, 2020

3.10.2 Strategy dashboard

3.11 PESTEL analysis

3.12 Impact of COVID-19 on Bathroom Renovation Demand by End Use

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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