PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423599
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423599
According to Stratistics MRC, the Global Shower Bases Market is accounted for $61.7 million in 2023 and is expected to reach $95.3 million by 2030 growing at a CAGR of 6.4% during the forecast period. Shower bases, also known as shower pans or shower trays, are essential components of showers that serve as the foundation for the shower floor. They are designed to collect and drain water efficiently while providing a stable and waterproof base for the shower enclosure. These are constructed from various materials and offer a diverse range of options to suit different aesthetic preferences, durability requirements, and installation needs.
Increasing demand for bathroom renovations
Renovation projects often focus on improving functionality and usability and consumers look for shower bases that offer features such as easy access, low thresholds, non-slip surfaces, and customizable sizes to fit diverse bathroom layouts and preferences. Moreover, increasingly, consumers want personalized spaces. Shower bases that offer customization options in terms of sizes, shapes, colors, and materials cater to the demands of homeowners seeking unique and tailored bathroom solutions during renovations which encourage the growth of the market.
Fluctuations in raw material price
Raw materials such as acrylics, fiberglass, composite materials, resins, or stone used in manufacturing shower bases can represent a significant portion of production costs potentially impacting profit margins unless these costs can be passed on to consumers through higher product prices. This can lead to instability in the supply chain, affecting production schedules and potentially causing delays hamper the growth of the market.
Expansion in the construction industry
Growth in construction activities, such as new residential buildings, commercial complexes, hotels, and hospitality projects, creates a heightened demand for bathrooms and associated fixtures. As homeowners renovate or upgrade bathrooms, the demand for modern, stylish, and durable shower bases rises, contributing to increased sales. Consumers, including both residential and commercial property owners, seek trendy and innovative shower base designs. Thus, the demand for customizable, innovative, and stylish shower bases increases in response to evolving design preferences is driving the growth of the market.
Limit customization options
Consumers looking for highly customized or non-standard shower base designs might opt for alternative solutions or custom-built options outside the mainstream market. This could result in manufacturers missing out on potential market segments seeking specialized products. Hence constraints in customization might limit manufacturers' ability to innovate and develop new, innovative designs or features due to a focus on standardized or mass-produced shower bases.
Covid-19 Impact
Initially, widespread lockdowns and restrictions disrupted manufacturing operations, causing supply chain disruptions, shortages of raw materials, and labour constraints. These challenges led to production slowdowns and affected the availability of shower bases in the market. However, the pandemic also brought about changes in consumer preferences. With increased time spent at home, there was a heightened focus on home improvement projects, including bathroom renovations. Consumers prioritized hygiene and cleanliness, leading to an interest in shower bases with anti-bacterial surfaces or easy-to-clean materials.
The fiberglass segment is expected to be the largest during the forecast period
The fiberglass segment is estimated to have a lucrative growth, due to its versatile characteristics and suitability for diverse consumer needs. Renowned for its affordability, durability, and adaptability, fiberglass has become a preferred material choice for manufacturing shower bases. Moreover, fiberglass shower bases boast easy installation owing to their lightweight nature, reducing installation time and labor costs compared to heavier materials. This aspect makes them particularly popular in various construction projects, catering to both residential and commercial sectors.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the highest CAGR growth during the forecast period, as an integral part of bathroom design, shower bases play a crucial role in both functionality and aesthetics. Additionally, the market is witnessing a surge in demand for innovative features in residential shower bases. Anti-slip surfaces, easy-to-clean coatings, and environmentally friendly materials are among the sought-after attributes as consumers prioritize safety, convenience, and sustainability in their home spaces.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the urbanization across countries like China, India, and Southeast Asia resulting in heightened demand for bathroom fixtures, including shower bases. Consumers, increasingly inclined toward modern and stylish fittings, seek both functionality and appealing designs in their bathrooms, propelling the market for innovative shower bases. Additionally, the rising awareness of hygiene has driven the demand for easy-to-clean, hygienic surfaces, prompting the integration of anti-bacterial features into shower bases.
North America is projected to have the highest CAGR over the forecast period, owing to factors such as technological advancements and innovations in materials have significantly impacted the market landscape, leading to the introduction of durable, low-maintenance, and aesthetically pleasing shower base options. Manufacturers have responded to consumer demand by offering a wide array of designs, sizes, and materials, catering to various preferences, from traditional to contemporary styles. This trend aligns with the growing awareness among consumers regarding eco-conscious choices boosting the growth of the market.
Key players in the market
Some of the key players in the Shower Bases Market include STERLING, Swanstone, Redi Base, Schluter, American Standard , Tile Redi, KOHLER, WonderFall Trench, DreamLine, Base'N Bench, MAAX Bath Inc., Delta Faucet Company, Aquatic Bath, Neptune Products, Barclay Products Limited and BAI Bath & Kitchen
In November 2023, Sterling Launches Enhanced Capabilities in Asia Pacific Region aligned with technology enhancements to deliver best-in-class global background screening and identity programs along with unrivalled local expertise.
In November 2023, Sterling and Konfir Announce Partnership to Offer Instant Employment Verifications in the UK. The offering from Sterling and Konfir is expected to be available in 2024 for organizations across the UK.
In August 2023, Schluter®-KERDI-DRAIN-F Provides Drainage in Floors without a Slope. The KERDI-DRAIN-F is specifically designed for use in tiled floors in conjunction with all Schluter®-DITRA and Schluter®-DITRA-HEAT membranes.