Vietnam Sanitary Ware & Bathroom Accessories Market Projected to Acquire $685.2 Million by 2025, Growing Almost 6.4% CAGR

According to a new report published by Allied Market Research, titled, "Vietnam Sanitary Ware & Bathroom Accessories Market by Product Type and Material: Opportunity Analysis and Industry Forecast, 2018-2025," The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. In 2017, the toilet/water closet segment accounted for about one-third of the market share in terms of value. The Vietnam sanitary ware & bathroom accessories market size was valued at $419 .0 million in 2017 and is expected to reach $685.2 million by 2025, registering a CAGR of 6.4% from 2018 to 2025.

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Sanitary ware are products installed in bathrooms and kitchens such as toilet/water closets, toilet sinks, cisterns, washbasins, showers, faucets, and other bathroom accessories. Sanitary ware items are generally made up of ceramics. However, sanitary wares are also manufactured using metals, glass, or plastics. The ceramic sanitary wares are cost effective, have excellent resistance to chemical attacks, and can withstand heavy loads as well.

Backed by economic growth, increase in demand for concept bathroom, rise in disposable income, and expansion in residential sector, the sanitary ware & bathroom accessories market in Vietnam has experienced a robust growth in past few years. New trends of concept bathroom and eco-friendly sanitary ware and customization fuel the market growth.

Furthermore, new water saving technologies and sustainable material for sanitary ware further propel the market growth. Furthermore, rise in construction activities, increase in disposable income of consumers, surge in urbanization, growth in shift from unbranded products to branded products, and strong replacement demand boost the Vietnam sanitary ware & bathroom accessories market growth. Moreover concept bathrooms is poised to gain wide traction in the coming years; consequently, the importance of in-store experience has increased in many folds. Engaged stakeholders in the Vietnam sanitary ware & bathroom accessories industry have established experience-centers where a customer can view all bathroom accessories and sanitary ware at a single place.

Sanitary ware encompasses a range of products utilized in bathrooms and kitchens, such as wash basins, toilet sinks, pedestals, cisterns, faucets, showers, and various accessories. Anticipated is a substantial growth trajectory in the Vietnam sanitary ware and bathroom accessories market in the forthcoming years. This growth is propelled by the evolving landscape, aligning with emerging trends and the upward momentum experienced by Vietnam. The region's sanitary ware industry is rapidly advancing, driven by factors including swift urbanization, rising disposable incomes, and the expanding hospitality sector.

Moreover, significant untapped opportunities exist within the online distribution channel. The allure of online platforms for sanitary ware products primarily stems from their price transparency. Particularly for millennials, convenience plays a pivotal role given their busy lifestyles. The competition between offline and online channels is evolving into a fusion of retail modes aimed at providing consumers with a more immersive omnichannel experience.

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The Vietnam sanitary ware & bathroom accessories market analysis is based on product type and material. Based on product type, the market is divided into wash basins, toilet sinks, pedestals, cisterns, showers, faucets, and other bathroom accessories. Based on material, it is classified into ceramics, pressed metals, acrylic plastic & Perspex, and others. Based on distribution channel, it is analyzed across retail distribution and wholesale distribution. Based on location, it is bifurcated into commercial and residential.

The key players profiled in the Vietnam sanitary ware & bathroom accessories market include CAESAR Bathroom, Gessi SpA, Innoci Vietnam, Jaquar Group, LIXIL Group, Roca Sanitario, S.A.,TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., and Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh).

𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐧𝐢𝐭𝐚𝐫𝐲 𝐖𝐚𝐫𝐞 & 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

𝐑𝐚𝐩𝐢𝐝 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Vietnam is experiencing rapid urbanization, with more people moving to cities. This trend drives the demand for modern housing and infrastructure, including well-equipped bathrooms with stylish sanitary ware and accessories.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐌𝐢𝐝𝐝𝐥𝐞 𝐂𝐥𝐚𝐬𝐬: The expanding middle class in Vietnam has greater purchasing power and an increasing inclination towards lifestyle improvement. This demographic segment seeks better-quality products, including aesthetically pleasing and functional bathroom fixtures.

𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: The Vietnamese government is investing heavily in infrastructure development, including residential and commercial buildings. This creates a significant demand for sanitary ware and bathroom accessories for new construction projects and renovations.

𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐚𝐧𝐝 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Vietnam's thriving tourism and hospitality industry, including hotels, resorts, and restaurants, require high-quality bathroom amenities to cater to both domestic and international tourists. This sector represents a lucrative market for suppliers of sanitary ware and accessories.

𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐖𝐞𝐬𝐭𝐞𝐫𝐧-𝐬𝐭𝐲𝐥𝐞 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦𝐬: As Vietnam integrates more with the global economy, there's a growing preference for Western-style bathrooms equipped with modern fixtures and amenities. This trend further boosts the demand for sanitary ware and bathroom accessories that meet international standards in terms of design, functionality, and sustainability.

𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: The rise of e-commerce platforms in Vietnam has made it easier for consumers to access a wide range of products, including sanitary ware and bathroom accessories, from both domestic and international suppliers. Online retail channels provide an opportunity for companies to reach a broader customer base beyond traditional brick-and-mortar stores.

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𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐓𝐡𝐞 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐒𝐚𝐧𝐢𝐭𝐚𝐫𝐲 𝐖𝐚𝐫𝐞 & 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

○ The toilet/water closets dominated the Vietnam sanitary ware & bathroom accessories market share in 2018 and is expected to remain its dominance throughout forecast period
○ Ceramic sanitary ware is projected to be the most lucrative segment in the Vietnam sanitary ware & bathroom accessories market and is projected to grow with a CAGR of 5.4% during the forecast.
○ Manufacturers are significantly adopting the concept of a smart bathroom which involves usage of proximity sensors to regulate flow of water owing to the increase in concern for hygiene standards and energy conservation,
○ Technological developments and introduction of new innovations such as aerial showers, smart showers, cascade flow in the showers are emerging sanitary ware & bathroom accessories market trends in the region.
○ In terms of volume faucets accounts for about 29% of the Vietnam sanitary ware & bathroom accessories market.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐒𝐚𝐧𝐢𝐭𝐚𝐫𝐲 𝐖𝐚𝐫𝐞 & 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

○ The report provides an extensive analysis of the current and emerging Vietnam sanitary ware & bathroom accessories market trends and opportunities.
○ The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
○ The Vietnam sanitary ware & bathroom accessories market forecast is offered along with information related to key drivers, restraints, and opportunity.
○ The Vietnam sanitary ware & bathroom accessories market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
○ The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

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○ Water Bath Market to Witness a Pronounce Growth During 2021-2030
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○ Bathroom Heaters Market by Manufacturer, Region, Type and Application Forecast to 2027
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