Press release
Bathroom Products Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company offers in-depth market insights through Bathroom Products 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 bathroom products market size has grown rapidly in recent years. It will grow from $109.53 billion in 2023 to $122.26 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to rise in urbanization, changing lifestyles, influence of interior design, consumer health awareness, real estate development, economic growth.
The bathroom products market size is expected to see rapid growth in the next few years. It will grow to $189.37 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to smart home integration, water conservation initiatives, aesthetic preferences, global health concerns, e-commerce growth, smart water management. Major trends in the forecast period include smart bathroom products, water-conserving fixtures, customization and personalization, environmentally friendly materials, innovations in toilet technology, e-commerce and online retailing.
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Market Segmentation:
The bathroom products market covered in this report is segmented -
1) By Type: Bathroom Basin, Bathroom Furniture, Bathroom Accessories
2) By Distribution Channel: Online, Offline
3) By Application: Residential, Commercial, Institutional, Other Applications
Major Driver - Global Urbanization Boosting Demand For Bathroom Products Market Growth
An increase in urbanization across the globe is expected to increase the demand for bathroom products market in the coming years. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines which are becoming increasingly popular for export-oriented manufacturing. For instance, according to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. The modern infrastructure facilities require products such as bathroom basins, bathroom vanities or cabins, and others to be installed in commercial and residential buildings during construction. An increase in urbanization increases the construction of building for residential or commercial purposes and this, in turn, drives the growth of the bathroom products market.
Competitive Landscape:
Major companies operating in the bathroom products market report are Illinois Tool Works Inc., LIXIL Corporation, Kohler Co., TOTO Ltd., Roca Sanitario S.A., American Woodmark Corporation, Moen Incorporated, Villeroy & Boch Company, Huida Sanitary Ware Co. Ltd., Delta Faucet Company, Bemis Manufacturing Company, GWA Group Limited, Empire Industries Inc., Ginsey Home Solutions, Hamberger Sanitary, Sloan Valve Company, AmeriSink, Avanity Corporation, Bellaterra Home LLC, JSG Oceana, Felton Industries Ltd., Foreno Tapware, Athena Bathrooms, NZ Glass, Sussex Taps, Heirloom International Ltd., Robertson Bathware, Colston, The Chicago Faucet Company
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Top Trend - Advancements In User Experience Revolutionizing Bathroom Products Market Presence
Major companies operating in the bathroom products market are focusing on advanced solutions such as touchpad technology to enhance user experience, improve efficiency, and offer customizable features for consumers' convenience and comfort in their bathroom products. Touchpad technology refers to a surface-sensitive input device allowing user interaction via fingertip gestures for navigating and controlling electronic devices. For instance, in June 2023, GRAFF, a US-based manufacturer of innovative faucets and shower systems, launched Aqua-sense offering a unique shower range that redefines home wellness by integrating water, colors, and sounds for a truly immersive experience. This innovative system, featuring a ceiling-mounted shower head and electronic controls, generates a powerful central rainfall effect alongside a cascading waterfall jet. Through the use of RGB LED lighting, it creates calming chromatic lines, enhancing the bathroom ambiance. The touch-screen interface simplifies control over water settings, color variations, as well as music and video playback. Connecting an iPod to the USB port allows for easy uploading of music, while ceiling-installed speakers deliver superior audio. Additionally, the system includes a hand shower and adjustable side body sprays for added functionality and comfort.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bathroom Products Market Characteristics
3. Bathroom Products Market Trends And Strategies
4. Bathroom Products Market - Macro Economic Scenario
5. Bathroom Products Market Size And Growth
…..
27. Bathroom Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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