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Sanitary Ware Market Report : By Materials, Technology, CAGR And Key Players Forecast To 2032 | Cera Sanitaryware Ltd., Kohler Co., The Jaquar Group, Grohe, Villeroy And Boch
Sanitary Ware Market Share
The Business Research Company's Sanitary Ware Global Market Report 2023 identifies growth of the construction industry as the major driver for the Sanitary Ware market's growth in the forecast period. The construction industry refers to the industrial branch of manufacturing and trade-related activities, including building, repairing, renovating, and maintaining infrastructure. The construction industry requires sanitary ware in larger quantities to be installed in all the bathrooms' infrastructure; as a result, the rising construction activities increase the demand for sanitary ware. For instance, In June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020.
The global sanitary ware market size is expected to grow from $36.51 billion in 2022 to $38.62 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sanitary ware market is expected to grow to $46.56 billion in 2027 at a CAGR of 4.8%.
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Major competitors in the Sanitary Ware market are Cera Sanitaryware Ltd., Kohler Co., The Jaquar Group, Grohe, Villeroy & Boch, RAK Ceramics, Masco Corporation, Geberit, Lecico Egypt, Duravit AG, Roca Sanitario S.A., Toto Ltd., Laufen Bathrooms AG, Duratex, Elkay Manufacturing, and Saudi Ceramic.
A key trend in the Sanitary Ware market includes technological advancement. Touchless technology is the latest trend in the sanitary ware market, as it provides safer toilets and bathrooms. For instance, in February 2021, Parryware, an India-based sanitary ware manufacturer, launched the Verve anti-microbial range of water closets and touchless faucet product ranges.
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The Sanitary Ware market is segmented -
By Type: Toilets, Washbasins, Urinals, Cisterns, and Other Products
By Materials: Ceramic, Pressed Metal, Acrylic Plastics, and Perspex; Other Materials
By Technologies: Slip Casting, Pressure Casting, Tape Casting, Isostatic Casting
By Sales Channels: Retail, Wholesale
By End-Users: Commercial, Residential
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sanitary Ware market.
The Business Research Company's "Global Sanitary Ware Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sanitary Ware Market Include:
1. Executive Summary
2. Sanitary Ware Market Characteristics
3. Sanitary Ware Market Trends And Strategies
4. Sanitary Ware Market - Macro Economic Scenario
5. Sanitary Ware Market Size And Growth
……
26. Africa Sanitary Ware Market
27. Sanitary Ware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sanitary Ware Market
29. Sanitary Ware Market Future Outlook and Potential Analysis
30. Appendix
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