Vietnam Sanitary Ware and Bathroom Accessories (Industry) Market Size Hits $685.2 Mn by 2025, Registering a CAGR of 6.4%
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The sanitary ware and bathroom accessories market in Vietnam has seen significant growth in recent years, driven by increasing urbanization and rising living standards. The market is characterized by a growing demand for high-quality and stylish products, as well as a growing number of new construction projects.
Local and international companies are entering the market to capitalize on the growing demand, and the competitive landscape is becoming increasingly dynamic. Key players in the market include firms such as Villeroy & Boch, Kohler, TOTO, and Ideal Standard, among others.
The market is expected to continue to grow in the coming years, driven by continued urbanization and rising disposable incomes, as well as ongoing efforts by the Vietnamese government to improve infrastructure and encourage investment in the construction sector.
The trend in the sanitary ware and bathroom accessories market in Vietnam is towards increased focus on quality, design, and sustainability. Consumers are becoming more aware of the environmental impact of their purchases and are looking for products that are not only functional but also eco-friendly.
Another trend is the rise of online sales, as more consumers turn to online shopping for their home improvement needs. Online sales platforms and e-commerce websites are becoming increasingly popular, offering greater convenience and a wider range of products for consumers.
In addition, there is a growing trend towards smart bathroom technology, with more consumers opting for products that offer features such as water efficiency, remote control, and energy-saving capabilities. This trend is driven by a growing focus on convenience, comfort, and efficiency, as well as increasing technological sophistication.
Overall, the sanitary ware and bathroom accessories market in Vietnam is expected to continue to grow and evolve in response to these trends, as well as the ongoing demands of a growing population and improving economy.
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Key Findings of The Vietnam Sanitary Ware & Bathroom Accessories Market:
The toilet/water closets dominated the Vietnam sanitary ware & bathroom accessories market share in 2018 and is expected to remain its dominance throughout forecast period
Ceramic sanitary ware is projected to be the most lucrative segment in the Vietnam sanitary ware & bathroom accessories market and is projected to grow with a CAGR of 5.4% during the forecast.
Manufacturers are significantly adopting the concept of a smart bathroom which involves usage of proximity sensors to regulate flow of water owing to the increase in concern for hygiene standards and energy conservation
In terms of volume faucets accounts for about 29% of the Vietnam sanitary ware & bathroom accessories market.
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The key players profiled in the Vietnam sanitary ware & bathroom accessories market include CAESAR Bathroom, Gessi SpA, Innoci Vietnam, Jaquar Group, LIXIL Group, Roca Sanitario, S.A.,TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., and Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh).
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