Graph and download economic data for All-Transactions House Price Index for Detroit-Dearborn-Livonia, MI (MSAD) (ATNHPIUS19804Q) from Q2 1976 to Q1 2025 about Detroit, MI, appraisers, HPI, housing, price index, indexes, price, and USA.

Parcel level data identifying properties that were bought and sold within a specific timeframe.

Graph and download economic data for Real Residential Property Prices for China (QCNR628BIS) from Q2 2005 to Q1 2025 about China, residential, HPI, housing, real, price index, indexes, and price.

According to Cognitive Market Research, The Worldwide Walk Bathtub market size will be USD 1.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4% from 2023 to 2030.

The demand for walk-in Bathtubs is rising due to the senior population's growing need for walk-in bathtubs, and growing knowledge of the advantages of utilizing walk-in bathtubs is responsible for this market's expansion.
Demand for independent bathtubs remains higher in the Walk-in Bathtub market.
The household bathtubs category held the highest Walk-in Bathtub market revenue share in 2023.
North American Walk-in Bathtub will continue to lead, whereas the Asia-Pacific Walk-in Bathtub market will experience the most substantial growth until 2030.

Increase in Bathroom Renovations and Home Remodeling to Provide Viable Market Output.

Instead of purchasing new houses, consumers are choosing to spend their money on home restoration and remodeling projects as property prices rise. Despite a brief downturn brought on by the COVID-19 epidemic in April 2020, record-low mortgage rates and enough supply across the country have protected and even increased property values.

For instance, U.S. homeowners made USD 9,800 more at the end of Q2 2020, up 6.6% over the previous year, according to a CoreLogic analysis. According to LightStream's 2020 Home Improvement Trends Study, homeowners are optimistic and plan to finish more home improvement projects in 2020 than in 2019.

(Source:www.corelogic.com/press-releases/corelogic-us-home-equity-increases-again-in-q2-2022-with-the-total-average-equity-per-homeowner-reaching-a-record-high-of-300000/)

It is anticipated that remodeling bathrooms would be the most common interior project, with more than 2/5th of respondents indicating plans to update their bathrooms.

Hospitality Industry Growth to Propel Market Growth

The commercial market, namely the hotel business, is seeing rapid expansion, which is driving the need for smart bathrooms. The building of new hotels is fueled by the hotel business, which makes a significant contribution to the hospitality sector. Over the course of the projection period, the expansion of smart bathrooms is expected to be fueled by the thriving real estate and tourist sectors, as well as a number of infrastructure projects in the hospitality industry.

For instance, in the upcoming years, 1,704 hotels with 364,274 rooms are planned to expand across North America, which is expected to promote the expansion of the bathtub industry, according to a blog post by TOP HOTEL PROJECTS.

(Source:www.cvent.com/en/blog/topic/hotels)

Increasing aging population to propel market growth

Market Dynamics of Walk In Bathtub

Rising Accidents During Bathing to Restrict Market Growth

The frequency of bathtub accidents is rising, which is slowing the market's expansion. For example, every year in Japan, almost 14,000 people pass away while taking a bath—three times as many as the nation's road accident death toll. Even while bathtubs appear to be soothing fixtures, the number of people dying in bathtub accidents—like drownings when users fall asleep—is also steadily rising. In addition, 43,000 incidents of children in the United States each year receiving injuries from falling and slipping in bathtubs are reported.

Impact of COVID–19 on the Walk In Bathtub Market

Worldwide supply networks faced serious difficulties as a result of the COVID-19 epidemic. Production is being disrupted by many outages that continue to impede or even stop the flow of finished goods and raw materials across the nation. However, more people living in more places have boosted the market, particularly since the COVID-19 epidemic. The fact that more local manufacturers are producing more bathroom goods is a significant factor propelling the market for bathing tubs. Companies have been obliged to refocus their innovation and restructuring efforts in order to preserve company continuity by fostering flexibility and resilience as a result of the pandemic's existential crisis. Furthermore, reduced expenses and increased efficiency prompted investments, digitalization, and process enhancements in the supply chain. Introduction of Walk In Bathtub

The senior population's growing need for walk-in bathtubs and growing knowledge of the advantages of utilizing walk-in bathtubs are responsib...

Graph and download economic data for All-Transactions House Price Index for Orlando-Kissimmee-Sanford, FL (MSA) (ATNHPIUS36740Q) from Q2 1978 to Q1 2025 about Orlando, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Boise City, ID (MSA) (ATNHPIUS14260Q) from Q2 1979 to Q1 2025 about Boise City, ID, appraisers, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Austin-Round Rock-Georgetown, TX (MSA) (ATNHPIUS12420Q) from Q2 1977 to Q1 2025 about Austin, appraisers, HPI, TX, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Phoenix-Mesa-Chandler, AZ (MSA) (ATNHPIUS38060Q) from Q2 1977 to Q1 2025 about Phoenix, AZ, appraisers, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Portland-Vancouver-Hillsboro, OR-WA (MSA) (ATNHPIUS38900Q) from Q2 1976 to Q1 2025 about Portland, OR, WA, appraisers, HPI, housing, price index, indexes, price, and USA.

In the second quarter of 2024, the rental prices of office buildings in Seoul amounted to around ****** South Korean won per square meter, the highest among all provinces in South Korea. Gyeonggi and Incheon followed with about ****** and ***** won per square meter, respectively. Lower demand for offices in South Korea Some office buildings offer both commercial and residential uses in South Korea. Despite their multipurpose nature, these so-called officetels have seen lower demand in past months due to higher interest rates compared to a few years ago and affordability concerns. Indeed, the sales price index of officetels saw a continuous decline into 2024. Options beyond traditional housing in South Korea More than ******* units in a housing survey were considered to be non-residential buildings, such as officetels, in South Korea in 2023. These units are known to be more affordable than traditional housing options but are short in space and usually designed for a maximum of one or two people. Officetels offer a practical solution for long commutes or allow a more independent lifestyle, often sought by young adults used to multi-generational communal living commonly practiced in South Korea.

Business mortgages, or buy-to-let (BTL) mortgages, are a loan sold to property investors, rather than to people who want to purchase a home to live in. As of the second quarter of 2012, multi-unit freehold blocks (MUFB) saw the second-highest average loan size at over ******* British pounds. Nevertheless, this was a decrease from the third quarter in 2021, when the average loan size for this property type was close to ******* British pounds.

The statistic illustrates appliance companies by market share in the United States in 2008 and in the second quarter of 2013. LG's market share rose from *** percent in 2008 to ** percent by the second quarter of 2013.

Appliance companies U.S. market share - additional information

The U.S. home appliance industry is a vast market with an estimated **** million units of major kitchen and laundry appliances shipped in the United States in 2013. Based on its market share of **** percent, Whirlpool Corporation was the largest appliance producer in the United States in the second quarter of 2013. Although the Michigan-based company’s market share has fallen from **** percent since 2008, it has maintained its position as the market leader because Whirlpool’s closest competitor, General Electric, has also seen its share fall from **** percent in 2008 to **** percent in the second quarter of 2013. In contrast, LG and Samsung have seen their market shares rise significantly in the same time period.

Whirlpool Corporation was founded in 1911 and, as of 2013, employs around ****** people across the globe. The company’s revenue amounted to over ***** billion U.S. dollars in 2013, the highest it has been since 2008. General Electric, the second largest appliance manufacturer in the U.S., employed around ******* people worldwide in 2013 and generated 146 billion U.S. dollars in revenue, a fall from the *** billion U.S. dollar revenue in 2008.

Although Whirlpool is the leading appliance producer in the United States, it is only the second largest household appliance company worldwide based on sales in 2013. Whirlpool’s sales of **** billion U.S. dollars in 2013 were eclipsed by those of the Midea Group, whose sales reached **** billion U.S. dollars. Midea is a privately held Chinese company, headquartered in Guangdong, which employs approximately ******* people worldwide as of 2014.