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Ceramic Sanitary Ware Market Size, Share Analysis And Outlook By 2024-2033
Ceramic Sanitary Ware Market
The Business Research Company offers in-depth market insights through Ceramic Sanitary Ware Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ceramic sanitary ware market size has grown strongly in recent years. It will grow from $34.67 billion in 2023 to $37.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to urbanization and housing development, improvements in living standards, water conservation and sustainability, rise in disposable income, changing consumer preferences.
The ceramic sanitary ware market size is expected to see strong growth in the next few years. It will grow to $49.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to shift in consumer lifestyles and preferences, regulatory emphasis on standards, expansion in emerging markets, economic development and disposable income. Major trends in the forecast period include smart and connected fixtures, customization and personalization, sustainable and eco-friendly solutions, health and hygiene features, innovative materials and finishes, smart and IoT-integrated products.
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Market Segmentation:
The ceramic sanitary ware market covered in this report is segmented -
1) By Product Type: Washbasin and Kitchen Sinks, Faucets, Water Closets, Bathtubs, Bidets, Urinals, Other Product Types
2) By Technology: Slip Casting, Spagless, Jiggering, Pressure Casting, Isostatic Casting, Other Technologies
3) By Distribution Channel: Online, Offline
4) By End Use: Commercial, Residential
Major Driver - Growing Construction Sector Drives Ceramic Sanitary Ware Market
A rise in demand for the construction and building sectors is expected to propel the growth of the ceramic sanitary ware market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Ceramic sanitary ware is used in the building and construction industry to ensure that cleanliness is maintained in the home, business, or any other structure being created, and therefore it must be carefully designed and planned. Hence, the rising demand for construction and building will rise the demand for ceramic 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 $14,294 million in April 2019 to $19,273 million in 2020. Furthermore, in the 2022 U.S. Construction Cost Trends report, the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the rise in demand for the construction and building sectors is driving the growth of the ceramic sanitary ware market.
Competitive Landscape:
Major companies operating in the ceramic sanitary ware market report are Siam Cement Group Public Company Limited, LIXIL Corporation, Kohler Co., TOTO Ltd., Foshan Huida Bathroom Co. Ltd., Geberit AG, Lecico Egypt S.A.E., Roca Sanitario S.A., American Standard Brands, Hansgrohe SE, Villeroy & Boch AG, Porcelanosa S.A., R.A.K. Ceramics, Duravit AG, Duratex S.A., Jaquar & Company Private Limited, Kajaria Ceramics Limited, Simpolo Ceramics, Somany Ceramics Limited, Cersanit S.A., Sonex Ceramic Pvt. Ltd., Cotto Tile, Ideal Standard International SA, Eros Sanitaryware, Grohe AG, Laufen Schweiz AG, Eczacibasi Yapi Ürünleri, KERAMAG GmbH, Inax Corporation, El Molino Cerámica
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Top Trend - Ceramic Sanitary Ware Companies' Strategic Partnerships
Major companies operating in the ceramic sanitary ware market are adopting a strategic partnership approach to expand their reach and market share. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in October 2021, Huida, a China-based company that manufactures and distributes ceramic products, partnered with China State Construction Engineering Corporation (CSCEC) International, a China-based construction company established by the Chinese government. This partnership is marked by key features such as leveraging CSCEC's global network for market expansion and introducing a diverse range of Huida's products, enhancing competitiveness and contributing to the availability of high-quality ceramic sanitary ware products in the global market. This collaboration is poised to significantly benefit the ceramic sanitary ware market by broadening market presence, providing a wide product selection, and strengthening Huida's position through a combination of product quality, design, and international market expertise.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ceramic Sanitary Ware Market Characteristics
3. Ceramic Sanitary Ware Market Trends And Strategies
4. Ceramic Sanitary Ware Market - Macro Economic Scenario
5. Ceramic Sanitary Ware Market Size And Growth
…..
27. Ceramic Sanitary Ware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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