Press release
Sanitary Ware Market Projected to Reach $19.80 Billion by 2030 at 5.1% CAGR
The sanitary ware market size was valued at USD 13.00 billion in 2021. It is projected to grow to USD 19.80 billion by 2030, exhibiting a compound annual growth rate of 5.1% from 2022 to 2030.Market Definition
Sanitary ware indicates to installation and fittings positioned in bathrooms and restrooms. The terminology circumscribes commodities such as toilets, basins, showers, bathtubs, and other plumbing additions. It is an important constituent of any bathroom as it assists with personal hygiene and sanitation and sets out both operational requirements and aesthetic inclination. The toilet is feasibly the most important segment of sanitary ware and comes in several sizes, styles, and materials.
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Key Players:
Many large businesses are devoting much of their effort to new product releases, partnerships, and market expansion in order to compete effectively. Here is the list of the leading companies operating in the sanitary ware market:
Some of the major players operating in the global sanitary ware market include CERA Sanitaryware Limited, Cersanit, Creavit, Delta Faucet Company, Duravit AG, Geberit AG, H & R JOHNSON, Hansgrohe, Hindware Homes, HSIL Limited, Ideal Standard Ltd, Jaquar, Kohler Co, LAUFEN Bathrooms AG, Lecico Egypt, LIXIL Corporation, Roca Sanitario, S.A., Saudi Ceramics, Shanghai Aquacubic Sanitaryware Co., Ltd., TOTO LTD, and Villeroy & Boch.
Growth Drivers and Opportunities
• Several reasons have contributed to the expansion of the sanitary ware market in recent years. Among these are the growing construction ventures in advancing nations together with government enterprises for infrastructure advancement, which is expected to push the industry's growth.
• The market size will expand due to many macroeconomic elements, such as enhancing consumer disbursement power, escalating economies, and speedy urbanization. The green nature of these commodities rendered from ceramic material is anticipated to provide industry growth possibilities.
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Geographical Landscape:
Sanitary Ware Market, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
• North America
o Materials Outlook
Ceramic
Pressed metal
Acrylic plastics & Perspex
Others
o Product Type Outlook
Toilet sink/water closet
Washbasin
Pedestal
Cistern
• Europe
o Materials Outlook
Ceramic
Pressed metal
Acrylic plastics & Perspex
Others
o Product Type Outlook
Toilet sink/water closet
Washbasin
Pedestal
Cistern
• Asia Pacific
o Materials Outlook
Ceramic
Pressed metal
Acrylic plastics & Perspex
Others
o Product Type Outlook
Toilet sink/water closet
Washbasin
Pedestal
Cistern
Segmentation Overview
The sanitary ware market analysis is mainly based on materials, product type, and region. Based on material, the ceramic segment witnessed the fastest growth. Because of its longevity and intricate nature, the pliability of the material renders it appropriate for several commodities.
According to materials, the pressed metal segment holds a significant revenue share. There has been exponential growth in this segment due to its economy and elevated longevity as contrasted to acrylic materials.
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