Prefabricated bathroom pods are fully functional bathrooms that are particularly well-suited for commercial applications. The key difference between it and a regular bathroom is that it is designed and built off-site, rather than on a traditional construction site as part of a building project. Bathroom pods are built as a complete unit in an off-site factory, then fully tested and fitted with all the required fixtures and fittings such as taps, rails, mirrors and appliances. These bathroom pods are then simply transported to the site for installation where they are connected to plumbing and electrical services.
The common types of prefabricated bathroom pods by material are fiberglass bathroom pods and steel bathroom pods. Fiberglass-reinforced plastic (GRP) bathroom pods have long been an inexpensive alternative to traditional construction bathrooms. All components are made of the same material (GRP) and feature lightweight, high-strength and a waterproof surfaces. GRP bathroom pods are suitable for projects where robustness, longevity and ease of maintenance are key factors. Steel bathroom pods offer the perfect solution for customers looking for a high specification and are popular in hotels, residential, healthcare and the Ministry of Defence. Steel-framed bathroom pods offer developers outstanding aesthetics through traditional tiling, high-quality finishes and design flexibility.
By application, prefabricated bathroom pods are widely used for private purposes such as student accommodation, apartments, nursing homes and social housing because of their low capital expenditure and maintenance costs. The production line environment in which prefabricated bathroom pods are manufactured consistently provides higher quality and higher productivity. The repeatability of factory production means that equipment can be completed to a higher quality standard than on-site. Prefabricated bathroom pods are also widely used for commercial applications such as hotels, rental rooms and healthcare. There is a faster return on investment for developers, lower risk for contractors, earlier early occupancy for customers, and greater certainty that projects will be completed on time and within budget.
Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/1437978-prefabricated-bathroom-pods-market-report.html
Current State of the U.S. Prefabricated Bathroom Pod Market
The Southern U.S. is the largest revenue market in the prefabricated bathroom pod industry with a market share of 40.61% in 2015 and 40.41% in 2019, a decrease of 0.20%. the Western U.S. ranked second with a market share of 24.81% in 2019. The current increase in the number of corporate offices or special economic zones in the U.S., urbanization trends, rapid industrialization, growing infrastructure, and growth in real estate investments will be strong drivers for the prefabricated bathroom pods industry. The market growth of the industry is expected to be in line with the growth of the real estate and housing sector in the U.S. The high growth potential is expected to come from the western part of the country. The current increasing market demand for private rental housing is also driving the growth of prefabricated bathroom pods in the U.S. region.
After a period of development, the industry is in a growth phase and is currently highly concentrated. The top three companies in 2019 are Oldcastle SurePods, Bathsystems, and Durapods with revenue market shares of 45.45%, 9.89%, and 8.36%, respectively.
The majority of agents selling prefabricated bathroom pods have changed their hours of operation or services due to the impact of novel coronavirus pneumonia (COVID-19). As the outbreak intensified, U.S. cross-border logistics services and flights were somewhat impacted, with transportation becoming a major issue. Therefore, in the short term, the prefabricated bathroom pod industry will be greatly affected by COVID-19. When the outbreak is under control, the real estate industry will see a strong rebound and considerable growth, and sales of prefabricated bathroom pods will increase. Coupled with the digitization of e-commerce in the furniture market, it is becoming easier and easier for people to buy the bathroom pods they want. Therefore, as long as companies can keep updating their products to attract consumers\' attention, the industry\'s growth opportunities will become increasingly optimistic.
Growing Downstream Demand Offers Significant Market Opportunities for Prefabricated Bathroom Pods in the US
One of the key drivers for the procurement of prefabricated bathroom pods is their convenience. By moving bathroom construction to a controlled factory environment, large residential projects can save up to 20 weeks. This means developers can get a faster return on investment, customers can get the job done sooner and with greater certainty that the job will be completed on time and within budget.
The growth in downstream demand provides a significant market opportunity for prefabricated bathroom pods. In the hospitality industry, customers often specify off-site construction methods to achieve a quick turnaround so they can move in as soon as possible. Highly standardized design requirements are also important for many of the larger hotel brands. In the apartment sector, prefabricated bathroom pods are widely used in social housing and luxury high-rise buildings. While prefabricated bathroom pods can often cost the same in materials as a site-built bathroom, the savings from waste and quality improvements can reduce error rates and improve performance.
As the U.S. economy grows, the downstream application industry for prefabricated bathroom pods is also expanding, particularly in the commercial use market. The expansion of downstream application industry continues to play an active role in the expansion of the prefabricated bathroom pod market.
According to our research, the U.S. prefabricated bathroom pods market was valued at a total of USD 172.87 million in 2015 and increased to USD 216.23 million in 2019. We forecast that the market for prefabricated bathroom pods could reach a value of USD 283.79 million by 2025. The CAGR of prefabricated bathroom pods is 5.72% from 2020 to 2025.
We provide more professional and intelligent market reports to complement your business decisions.
Chinese