Press release
Bathroom Products Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033 | LIXIL Corporation, Kohler Co., TOTO Ltd., Roca Sanitario S.A., Foreno Tapware
Bathroom Products Global Market
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.
Market Overview -
The bathroom products are specifically designed for use in the bathroom. The bathroom products are the items that are specifically designed for use in a bathroom which include hand basins, taps, towel racks, and trash cans. Bathroom Products also include bathroom fittings that are intended to be used in the bathroom including a sink, toilet, shower, bathtub, and bidet.
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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
Enhancing Experiences With AI Sensor-Based Solutions
Bathroom product companies are increasingly investing in smart products to improve productivity and customer satisfaction. These smart products are equipped with sensors, cameras, and voice control. This allows the end-users to customize their bathroom experiences. Leading companies such as Kohler, TOTO, and Roca Sanitario are continuously releasing new smart models such as smart vanity mirrors, smart toilets, and other smart products. For instance, in February 2021, Watertec, a manufacturer of bathroom solutions, launched AI-enabled smart bathroom solutions for Indian consumers, such as new product lines such as Aqceto, which redefine modern living with meticulously crafted items curated by a top-tier team of designers. Featuring stunning chrome and PVD finishes, its faucets combine eye-catching aesthetics with practical functionality.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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