North America Bath Remodeling Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast

The North America bath remodeling market is estimated to witness substantial expansion through 2027 driven by proliferating consumer interest in remodeling activities in the region. Additionally, escalating prominence of do-it-yourself bath remodeling is speculated to further support market growth through the forecast period.
Following the COVID-19 outbreak, the economic recession and stock market volatility induced by the pandemic created major hurdles for the market. However, due to stringent government-imposed lockdowns that forced people to stay indoors, there was greater emphasis on remodeling residential spaces to improve aesthetic appeal as well as functionality.
Moreover, soaring consumer demand for products that promote relaxation has also driven market uptake during the pandemic. For instance, in June 2021, Houzz, the California-based website dedicated to home improvement, revealed the findings of its U.S. Bathroom Trends Study, which indicated that two out of five homeowners reported using their remodeled bathroom for rest and relaxation. As a result, increasing consumer need for enhanced bathroom spaces has positively impacted industry expansion in recent years.
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The North America bath remodeling market has been bifurcated on the basis of material, product, end-use, and country. Based on material, the market has further been divided into stone, ceramic, metal, glass, and others.
The glass sub-segment is expected to be valued at around USD 8 billion by 2027, progressing at a stable CAGR over the assessment timeframe. Rising demand for glass lavatory sinks in hospitality and commercial office spaces owing to aesthetically appealing product designs is set to support segmental growth in the coming years.
With respect to product, the North America bath remodeling market has been segregated into faucet, bathtub, lavatory sinks, shower system, and others. The lavatory sinks sub-segment is estimated to record over 3% CAGR through the analysis timeline to attain a notable valuation by the end of 2027. Increasing availability of a wide range of products, along with prevalent usage of several materials for aesthetics, is set to drive segmental adoption over the following years.
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In terms of end-use, the North America bath remodeling market has been segmented into commercial and residential. The residential sub-segment dominates the market with more than 60% revenue share and is projected to expand at a robust pace over 2021-2027. Surging focus on the upgradation of multifamily houses in the region, coupled with growing integration of smart technologies in bathroom settings, is anticipated to drive segmental development over the review period.
From the perspective of country, the U.S. bath remodeling market is calculated to showcase optimistic growth at a CAGR of approximately 4% through the forecast timeline. High number of old housing projects in the U.S., along with increased willingness of urban and suburban homeowners to upgrade their houses, is likely to foster regional market outlook in the future.