Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 802.31 Million | USD 1436.58 Million | 7.58% | 2022 |
The global steel bathroom pods market size was worth around USD 802.31 million in 2022 and is predicted to grow to around USD 1436.58 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.58% between 2023 and 2030.
Steel bathroom pods are modular or pre-constructed bathroom segments that are manufactured using steel as the primary component. Bathroom pods are standalone and full-equipped units made of all essential bathroom facilities such as sink, shower area, toilets, and bathtub. Furthermore, all important fixtures are pre-installed in steel bathroom pods which are first manufactured at a construction site from where they are transported to the actual site where they will be used. However, before the bathroom pods are delivered, users must ensure that the site holding these pods is prepared in advance with all necessary plumbing sections along with electrical sockets or any other structural requirements.
In recent times, bathroom pods have become a significant part of the modern construction industry due to several advantages associated with the use of steel bathroom pods. For instance, the off-site construction of these bathroom pods is considered more sustainable since the pre-fabrication of bathroom pods translates to less energy and raw materials being used. When compared to traditional bathroom construction, this method produces less waste thus making the process more environment-friendly. The industry for steel bathroom pods is likely to witness a significantly higher growth rate during the forecast period as the world is moving toward energy-efficient solutions.
Lightweight structure of steel bathroom pods to drive market growth
The global steel bathroom pods market is expected to grow owing to the lightweight structure offered by bathroom pods that are produced using steel when compared to other forms of modular or prefabricated units. Moreover, steel also helps in improving the overall durability of the entire unit which makes it safe for transportation and installation. It has been proven that units lined with steel allow the user to incorporate interior finishes made of traditional tiles along with offering higher levels of flexibility. When an external pod is incorporated, one of the primary criteria is to ensure that only premium-quality pods are being used. Consumers are seeking products that offer value for money and manufacturers of bathroom pods can experiment with the design and finish of the final product when steel is used as the main raw material.
Excellent marketing and selling strategies undertaken by industry players to deliver better results
The industry for steel bathroom pods is expected to benefit from the increasing number of partnerships observed in the commercial market. This is mainly due to the marketing and selling strategies adopted by industry players. In July 2021, Offsite Solutions, a UK-based leading manufacturer of bathroom pods announced the signing of a multi-million-pound contract with the UK’s largest private rental schemes. Following the contract terms, the company will supply nearly 1,000 bathroom pods. The company produced 991 steel-framed bathrooms with high specifications in two phases that ran concurrently. Similarly in July 2023, the company was awarded a total of 2 contracts amounting to 5 million pounds. Offsite Solutions will deliver nearly 1,500 bathroom pods under the contract. In April 2021, The Steel Network reported that SSM Health Saint Louis University Hospital, a USD 550 million initiative made use of cold-formed steel (CFS) framed modular bathroom PODs to ensure that the construction of the state-of-the-art facility could be completed on time.
High cost of initial investment is likely to inhibit consistent growth
The global steel bathroom pods market size may register restricted growth owing to the high cost of initial investment associated with the production of steel bathroom pods. The facilities required to produce such pods on a large scale require exhaustive investments along with large land areas. Additionally, the total operational cost increases multifold when labor and transportation costs are added. Producing high-quality and finished steel bathroom pods requires expert labor to ensure product consistency and optimum use of resources. This leads to the presence of a limited range of players in the commercial world as business sustainability becomes a crucial point for players with limited budgets.
Moreover, the steel bathroom pods industry has not matured completely and is relatively at recent stages of growth. Unless businesses can create higher demand among end-users, the market growth will remain limited.
Expansion into unchartered territories to provide growth opportunities
The global steel bathroom pods market may benefit from the initiatives undertaken by market leaders to enter and establish a consumer base in unchartered or unexplored territories. The market potential in economies that are currently registering a shift in the construction sector remains tremendous. The demand for efficient housing or commercial centers at minimum cost and without compromising on the quality is high and suppliers of bathroom pods can benefit from such consumer groups. Innovation is a key measure that companies must focus on to stay relevant and cater to the needs of a dynamic consumer segment. In 2017, Offsite launched a range of demountable bathroom pods that could be used in new building projects with insufficient access to completely-assembled pods. This move allowed the company to show its innovation in terms of flexibility by incorporating the needs of an important group of audience.
Competition from other forms of bathroom pods to challenge market revenue
Steel-made modular units are a variant of bathroom pods. The larger market that supplies prefabricated bathrooms is filled with several other options including the ones made of concrete and glass-reinforced plastic (GRP). This means more competition for the providers of steel-made units. Each variant has certain advantages associated with them. For instance, the GRP version shows tremendous resistance to chemicals and corrosion which is a possibility in the steel variant. Additionally, plastic reinforced with glass is waterproof making it an ideal choice of raw material used by the producers of bathroom pods. These issues create market segmentation.
The global steel bathroom pods market is segmented based on type, application, and region.
Based on type, the global steel bathroom pod market segments are semi-custom and custom. The market was dominated by the custom segment in 2022 and is expected to continue the same trend during the forecast period. These pods are designed for specific projects and hence each pod is designed in accordance with exclusive design and dimension. They offer minimum to no room for changes as they are built to meet particular requirements. Manufacturers will incorporate advanced materials and other features to improve the overall product quality and appearance. In its latest financial report, Offsite Solutions reported an increase of 73% in its pre-tax profits.
Based on application, the steel bathroom pod industry is divided into school, accommodation, residential, and hotel. The highest growth was observed in the residential segment, especially rental units. Large residential projects tend to sign contracts with providers of bathroom pods that can meet their specific needs. As steel bathroom pods are not only cost-effective but also durable, the demand is likely to continue growing. The starting price of a bathroom pod may be around £1,000.
Report Attributes | Report Details |
---|---|
Report Name | Steel Bathroom Pods Market |
Market Size in 2022 | USD 802.31 Million |
Market Forecast in 2030 | USD 1436.58 Million |
Growth Rate | CAGR of 7.58% |
Number of Pages | 225 |
Key Companies Covered | StoneBathwear, Modular Systems, Forta PRO, Offsite Solutions, B&T Manufacturing, Bathsystem SpA, Instabuilt, Saudi Ceramics Company, EcoReadyBath, Recon Modul, Framespace, Hydrodiseño, Kiilto, Hydrodiseno, Schiavello, Cardinal, StercheleGroup, SurePods, Spark Homes, and Manta. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe to register the highest growth during the forecast period
The global steel bathroom pods market is expected to witness the highest growth in Europe mainly led by the presence of a range of providers of all forms of bathroom pods especially the ones made with steel. The companies have found clients in the rental department section. With the increase in the number of such projects in Europe, the demand for superior-grade and fully functional steel bathroom pods is likely to continue growing. Additionally, Europe has shown exceptional focus on ensuring less dependency on sustainability. Steel bathroom pods can be reused even after their specific use is completed since steel is a recyclable element. For instance, a report by the European Steel Association indicates that nearly 56% of the steel used in Europe is produced from scrap steel. The region is home to some of the prominent suppliers of steel bathroom pods including Offsite Solutions and Bathsystem S.p.A. Asia-Pacific is another significant contributor in the global market. The suppliers in the region have ensured market leadership by providing customized solutions to their clients.
The global steel bathroom pods market is led by players like:
By Type
By Application
FrequentlyAsked Questions
Steel bathroom pods are modular or pre-constructed bathroom segments that are manufactured using steel as the primary component. Bathroom pods are standalone and full-equipped units made of all essential bathroom facilities such as sink, shower area, toilets, and bathtub.
The global steel bathroom pods market is expected to witness the highest growth in Europe mainly led by the presence of a range of providers of all forms of bathroom pods especially the ones made with steel.
According to study, the global steel bathroom pods market size was worth around USD 802.31 million in 2022 and is predicted to grow to around USD 1436.58 million by 2030.
The CAGR value of the steel bathroom pods market is expected to be around 7.58% during 2023-2030.
The global steel bathroom pods market is expected to witness the highest growth in Europe mainly led by the presence of a range of providers of all forms of bathroom pods especially the ones made with steel. The companies have found clients in the rental department section.
The global steel bathroom pods market is led by players like StoneBathwear, Modular Systems, Forta PRO, Offsite Solutions, B&T Manufacturing, Bathsystem SpA, Instabuilt, Saudi Ceramics Company, EcoReadyBath, Recon Modul, Framespace, Hydrodiseño, Kiilto, Hydrodiseno, Schiavello, Cardinal, StercheleGroup, SurePods, Spark Homes, and Manta.
The global steel bathroom pods market explores crucial aspects of the steel bathroom pods market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the steel bathroom pods market.
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