Bathroom Accessories Market Demands, Growth Rate, Size, Share, Key Players, Cost Analysis and Forecasts to 2029

Global Bathroom Accessories Market (2023 Edition) which provides a complete analysis of the Global Bathroom Accessories industry in terms of market segmentation By Product Type (Towel Rail, Faucets, Showers, Bathtubs, Rack/Ring, Grab Bars, and Others), User Type (Commercial, Residential), Distribution Channel (Online, Offline), By Region (North America, Europe, Asia-pacific, and ROW), for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.

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The Bathroom Accessories market witnessed growth at a CAGR of 1.9% during 2019-2022. The market was valued at USD 20.3 Billion in 2022 which is expected to reach USD 27.3 Billion in 2029. Burgeoning demand for sustainable and technologically advanced bathroom accessories such as showers, faucets, and bathtubs supported by ever-increasing expenditure on high-quality, premium bathroom accessories has fuelled the demand for Bathroom Accessories.

The Global Bathroom Accessories Market is expected to register growth at a CAGR of 4.5% during the forecast period. The bathroom Accessories market is propelled by the ever-increasing old-age population across the globe. The burgeoning demand for sustainable bathroom accessories clubbed with growing awareness among consumers regarding the availability of different types of accessories from different manufacturers will spur market growth in future.

Despite the economic downturn and sluggish economic growth in various economies across the globe, the overall economic outlook looks positive owing to various measures taken by government and financial institutions to rebound the economy which will further drive a remarkable growth in the market during the forecasting period. Growing awareness among consumers related to the availability of a variety of towel rails by a number of manufacturers in different materials such as wood, and stainless steel clubbed with leading manufacturers collaborating with celebrities and influencers to broaden their customer base and reach out to untapped markets has been estimated to drive the robust growth for tower rail in the bathroom accessories market.

Offline distribution channel offers multiple benefits to customers such as assessing the quality, shape, size, design, and material of the product which is not possible online coupled with leading companies offering one-day delivery and free installation to their customers to maintain a long-lasting relationship, has been anticipated to infuse a remarkable growth in the market for bathroom accessories.

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Scope of the Report:
- The report analyses the Bathroom Accessories Market by Value (USD Billion)
- The report presents the analysis of the Bathroom Accessories Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
- The report analyses the Bathroom Accessories Market By Product Type (Towel Rail, Faucets, Showers, Bathtubs, Rack/Ring, Grab Bars, and Others).
- The report analyses the Bathroom Accessories Market By User Type (Commercial, Residential).
- The report analyses the Bathroom Accessories Market By Distribution Channel (Online, Offline).
- The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis.
- Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include LIXIL Group, Kohler, TOTO Ltd, ASI American Specialties, Inc., Roca Sanitario S.A., American Standard, Delta Faucet Company, Gerber Plumbing Fixtures LLC, Moen Incorporated, Monarch Bath Pvt. Ltd.

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This release was published on openPR.