North America Bath Remodeling Market - By Product (Bathtub, Faucet, Shower Systems, Lavatory Sinks and Others), By Material (Stone, Ceramic, Glass, Metal & Others), By End-Use & Forecast, 2024 – 2032

North America Bath Remodeling Market Size

North America Bath Remodeling Market was valued at USD 67.7 billion in 2023 and is estimated to grow at a CAGR of 2.9% during the forecast period from 2024 to 2032.
 

In North America, a large number of homes are aging and in need of improvements to meet current standards and preferences, especially in the bathrooms. As these houses have gotten older, their bathrooms frequently show old-fashioned designs and ineffective layouts. Consequently, a increasing number of homeowners are seeking bathroom renovations to enhance the aesthetics and functionality of their homes.
 

Furthermore, there has been a significant increase in the demand for property renovations in North America, particularly for modernizing bathrooms. As urban areas expand and real estate markets grows, homeowners and investors shift their attention to increasing the value and attractiveness of their properties. Contemporary bathrooms with eco-friendly technology, upscale features, and chic aesthetics cater to customer needs and greatly enhance a property's appeal to the market. In addition to this, increasing household incomes lead to greater investment in home improvement projects, focusing on bathroom renovations to align with current energy efficiency, functionality, and aesthetic trends. For instance, according to the Federal Reserve Bank of St. Louis, the state's per capita personal income raised from USD 64,174 in 2019 to 77,036 in 2022. The data indicates a significant increase in income levels, which has resulted in a higher standard of living.
 

The market growth is hindered by the high cost of renovation. The primary reasons for the expensive prices are labour costs, advanced fixtures, and top-notch materials. There is also a lack of workers in the industry, leading to potential delays in projects and decreased quality of work.
 

North America Bath Remodeling Market Trends

The incorporation of smart technology into bathroom design is gaining popularity as homeowners seek to improve convenience, efficiency, and overall luxury in their homes. Voice-activated lighting, smart mirrors, touchless faucets, and programmable showers are among the technological breakthroughs that are transforming traditional bathrooms into modern, high-tech havens. In addition to this, Voice-activated lighting systems allow users to easily regulate brightness and ambience, reacting to changing needs throughout the day. Smart mirrors with built-in displays provide services such as weather updates, news feeds, and configurable lighting settings, improving both functionality and aesthetics in the bathroom
 

North America Bath Remodeling Market Analysis

Based on product, the market is classified into Bathtub, Faucet, Shower Systems, Lavatory Sinks and Others. The Faucet segment dominated the market, accounting for USD 12.5 billion in 2023 and is expected to grow at a CAGR of 3.7% during the forecast period of 2024-2032. Faucets are an essential part of every bathroom, serving both practical and aesthetic purposes by managing water flow and temperature. They are crucial parts of any bathroom renovation, giving homeowners a chance to improve both appearance and utility. In addition to this, touchless and smart faucets, among other recent developments in faucet technology, have completely changed the market. These developments appeal especially to tech-savvy consumers looking to incorporate contemporary technologies into their homes since they offer increased convenience, improved hygiene, and energy economy.
 

Based on End-Use, the North America bath remodeling market is classified into Residential and Commercial. The Residential segment dominated the market with 66% of the market share in 2023 and is expected to grow at a CAGR of over 3.2% the forecast period of 2024-2032. The popularity of home improvement shows, and social media platforms has increased interest in renovation projects. The idea of redesigning their bathrooms is made exciting and approachable by these resources, which offer step-by-step instructions and practical assistance in addition to visual inspiration. Because of this, a lot of homeowners are inspired to renovate their bathrooms in order to improve their living areas, raise the value of their homes, and have contemporary, fashionable, and useful bathroom spaces.
 

The U.S dominated the North America bath remodeling market accounting for USD 56.9 billion in 2023 and is expected to grow at CAGR of 2.9% during the forecast period from 2023-2032. due to the large and diversified housing stock, most of which is elderly and in need of renovation, including bathroom modifications. This broad desire for modernization creates a steady demand for bath renovation projects, as homeowners strive to improve the usefulness, aesthetics, and value of their homes.
 

North America Bath Remodeling Market Share

The market is fragmented in nature. In 2023, the market players, such as Masco Corporation, Lowe's Companies, Inc., The Home Depot, Inc., Andersen Corporation and Saint-Gobain S.A., collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions and facility expansions & collaborations to diversify the product portfolios, expand the customer base, and strengthen its market position.
 

North America Bath Remodeling Market Companies

Major players operating in the North America bath remodeling industry are:

• American Bath Remodeling Inc.
• Builders FirstSource
• Case Design/Remodeling, Inc
• Dreamstyle Remodeling, Inc.
• DuPont
• Ferguson Enterprises
• Harvey Building Products
• Kohler Co.
• MASCO Corporation
• Neil Kelly Company
• Pella Corporation
• Statewide Remodeling, Inc.
• The Home Depot, Inc.
• The Tapco Group
• USA Cabinet Store
   

North America Bath Remodeling Industry News

• In May 2023, Renuity acquired Pacific Bath Company to offer walk-in bath, shower, and gutter products across the Pacific Northwest. This development added Pacific Bath Company to the existing extensive remodel list of Renuity in Florida.
   

The North America bath remodeling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Bathtub
• Faucet
• Shower Systems
• Lavatory Sinks
• Others

Market, By Material

• Stone
• Ceramic
• Glass
• Metal
• Others

Market, By End-Use

• Residential
• Commercial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada