- The global bathroom products market is projected to gather US$ 193 Bn in the form of revenues by 2030 end. The market is expected to grow at CAGR of ~8% during the forecast period of 2020 to 2030
- On regional front, Asia Pacific is fastest growing region in bathroom products market
ALBANY, N.Y., Oct. 1, 2020 /PRNewswire/ -- Bathroom products are essential part of day-to-day life. The list of these products includes bathroom basin, bathroom accessories, and bathroom furniture.Customers today can select from a wide range of options available. They include bathroom products manufactured using various materials such as acrylic, ceramics, metals, and stone. This aside, consumers can also opt for products manufactured using glass and coating material such as glazed steel or enameled.
Analysts at TMR highlight that the vendors working in the bathroom products market are switching to virtual meetings with their customers. This move is helping them gain knowledge about customer needs while following safety measures amid present COVID-19 situation. The market is experiencing upward curveof sales of utility-inspired bathroom fixtures, including replaceable bathroom components and nightlight toilet seats.
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Key Findings of Bathroom Products Market Report
- The global bathroom products market is projected to demonstrate growth at a promising CAGR of around 8% during the forecast period of 2020 to 2030.
- The market is expected to gain revenues of approximately US$ 193 Bn by the end of 2030.
- On regional front, Europe and North America jointly account for leading shares in the global bathroom products market.
- Asia Pacific is considered as the fastest growing region in the market.
- In 2019, Asia Pacific was one of the major share holding regions in the bathroom products market.
Explore 237 pages of top-notch research, incisive insights, and detailed country-level projections on Bathroom Products Market (Type: Bathroom Basin, Bathroom Furniture, and Bathroom Accessories; Basin Material: Ceramics, Acrylic, Metals, Stone, and Others; Basin Shape: Rectangular, Round, Oval, Square, and Asymmetrical; Basin Installation: Countertop, Wall-mounted, Free-standing, Console, and Others; Application: Residential and Commercial; Price: Low, Medium, and High/Premium; and Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/bathroom-products-market.html
Bathroom Products Market: Key Driving Factors and Promising Avenues
- The global bathroom products market is expected to experience growth in demand for various touch-free washroom equipment during 2020-2030. One of the key reasons attributed to this growth is increasing focus of major population across the globe to contain the spread of COVID-19 infection. Majority of vendors in the market for bathroom products are gaining remarkable sales opportunities for various touch-free products including commodes, lavatories, and faucets.
- The hospitality industry across the world today is focused on gaining the trust of their customers post COVID-19 pandemic.As a result, they are increasing concentration on ensuring a safe stay for their customers. Thus, they may consider introducingtouch-free bathroom fixtures in their services. This factor is expected to generate immense sales opportunities for vendors working in the global bathroom products market in the years ahead.
- In recent years, many players in the global bathroom products market are growing investment on marketing of their products. As a result, there is remarkable growth in awareness about new products available in the market. This factor is foreseen to boost the sales in the market for bathroom products in the assessment period of 2020 to 2030.
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Bathroom Products Market: Competitive Assessment
The global bathroom products market experiences presence of many well-entrenched players. In addition to this, there is notable growth in entry of new companies in this market. This situation has resulted into high level of competition among vendors to gain prominent market position.
Several players in the global bathroom products market are investing heavily in research and development activities. This move is helping them develop technologically advanced products. Thus, increase in competition levels in the market for bathroom products is resulting into launch of innovative products.
Many industry leaders are concentrating on acquiring their regional competitors. With this tactic, they are maintaining their dominance as well as expanding their regional presence.
The list of important companies working in the bathroom products market includes Roca Sanitario, S.A., Kohler Co., LIXIL Group, TOTO Ltd., Huida Sanitary Ware Co., Ltd., Hamberger Sanitary GmbH, and Sloan Valve Company.
Analyze global bathroom products market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
The bathroom products marketis segmented as follows:
Type
- Bathroom Basin
- Single
- Double
- Multiple
- Bathroom Furniture
- Cabinets
- Mirrors
- Shelves
- Others (Vanities, etc.)
Bathroom Accessories
- Taps
- Toothbrush Holders
- Towel Rack/Ring
- Trash Cans
- Others (Bath Rugs & Mats, etc.)
Basin Material
- Ceramics
- Acrylic
- Metals
- Stone
- Others
- Glass
- Coating Material (Enameled/Glazed Steel)
- Others
Basin Shape
- Rectangular
- Round
- Oval
- Square
- Asymmetrical
Basin Installation
- Countertop
- Wall-mounted
- Free-standing
- Console
- Others (Built-in, etc.)
Application
- Residential
- Commercial
- Hospitals
- Offices
- Hotels & Cafes
- Others (Institutions, etc.)
Price
- Low
- Medium
- High/ Premium
Distribution Channel
- Online
- e-Commerce Websites
- Company-owned Website
- Offline
- Hypermarkets/ Supermarkets
- Specialty Stores
- DIY Stores
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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