Market Trends of United Kingdom Bath Fitting Industry
This section covers the major market trends shaping the UK Bath Fitting Market according to our research experts:
Increase in Consumer Spending and Urbanization
The Consumer spending in housing and housing renovation in the region has been increasing steadily over the last few years accounting for USD 6,604.2 in 2019, USD 6,564.8 in 2020, and USD 7,015.3 in 2021. Furthermore, with a population in the European countries being more concentrated in urban regions people are spending more on lifestyle changes which are fuelling the growth of the market. With 85% of the total population are leaving in cities and urban areas of the United Kingdom, there is a surplus demand for bathroom fixtures, fittings, and other accessories.
Growing Construction Activities in the Region
The United Kingdom is experiencing a huge demand for construction activities. Furthermore, UK is experiencing an increase in Housing repair and private house construction activities wherein 20% of total construction is of private houses whereas 18% is of housing repair. This surge in rising construction activities is likely to augment the demand for bath fittings as they are an integral part of bathrooms in new residential constructions. In the UK the most popular home improvement upgrades are new bathrooms and then new kitchens.
