Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 108.78 Billion | USD 289.76 Billion | CAGR at 11.50 | 2023 |
According to the report published by Zion Market Research, the global Bathroom Products Market size was valued at USD 108.78 Billion in 2023 and is predicted to reach USD 289.76 Billion by the end of 2032. The market is expected to grow with a CAGR of 11.50% during the forecast period. The report analyzes the global Bathroom Products Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Bathroom Products Market industry.
A bathroom, also referred to as a washroom, is a place which is been used to carry out personal hygiene activities and is one of the most essential rooms in the house. Bathroom accessories, bathroom basins, and bathroom furniture are some of the products of the bathroom. Nowadays, updating or remodeling the bathroom has been very common among people and thus bathroom products contribute a significant part in remodeling it.
The demand for bathroom products is growing at a faster rate. Factors such as the rise in disposable income in developing countries, the growing trend of people to live a luxurious lifestyle, and the availability of bathroom products in a wide range of varieties at an affordable price are boosting the growth of the global bathroom products market. When people look for design, elegance, and functionality the choice of washbasin becomes essential for the interior decoration of the bathroom. It can be chosen as per the availability of the space, its dimensions, or the style of the rest of the houses.
It ranges from large or small washbasins, recessed or countertops washbasins, and in modern or classic style. In addition to such a wide range of availability, there is a surge in the demand for bathroom products with the rise in the commercial and residential projects which is contributing to the growth of the global market. With the growing rate of tourism, there is an increase in the number of hotels which is also adding up to the overall market growth. Moreover, an increase in the number of smart homes and a rise in buying power are also some of the factors that are driving the growth of the market.
Furthermore, keen competition among the key participants for the launch of novel & elegant bathroom products and an increase in key marketing strategies may open new opportunities for the growth of the global bathroom products market over the forecast period. However, less adoption of bathroom products in low and middle-income countries may restrain the growth of the global bathroom products market.
Similar to other markets, the growth of the global bathroom products market is been hit by the Covid-19 pandemic. The manufacturers are facing a shortage of raw materials due to disruption in the supply chain. The product launch has also been decreased as the manufacturing units were enforced to shut down during the first half of the year 2020. Moreover, with the change in consumer behavior, a decline in sales is also been registered during the pandemic. However, with the growing importance of personal hygiene in the pandemic, a surge in demand for touch-free bathroom fixtures in public places as well as commercial sectors will boost the growth of the market in the forthcoming years.
The global bathroom products market is classified based on the type, basin shape, basin material, basin installation, distribution channel, price, application, and region.
Based on the type, the global bathroom products market is bifurcated into bathroom accessories, bathroom furniture, and bathroom basins.
Based on the basic shape, the global market is split into asymmetrical, square, oval, round, and rectangular.
The basin material segment is categorized into stone, metal, acrylic, ceramics, and others.
The basin installation segment is segregated into console, wall-mounted, countertop, free-standing, and others.
Based on the distribution channel, the market is segmented into offline and online.
The price segment is fragmented into high/premium, medium, and low.
Based on the application, the global market is divided into commercial and residential.
Report Attributes | Report Details |
---|---|
Report Name | Bathroom Products Market Research Report |
Market Size in 2023 | USD 108.78 Billion |
Market Forecast in 2032 | USD 289.76 Billion |
Growth Rate | CAGR of 11.50% |
Number of Pages | 196 |
Key Companies Covered | AmeriSink Inc., Bemis Manufacturing Company, LIXIL Group, Roca Sanitario, Kohler Co., Ginsey Home Solutions, Huida Sanitary Ware Co., Ltd., Hamberger Sanitary GmbH, TOTO Ltd., and Sloan Valve Company, among others. |
Segments Covered | By Type, By Basin shape, By Basin material, By Basin installation, By Distribution channel, By Price, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is predicted to hold the maximum share in the global bathroom products market in terms of revenue over the forecast period. Factors such as an increase in smart home projects, a rise in disposable income, and rapid urbanization are fostering the growth of the market in this region. North America and Europe are also expected to contribute to a significant share in the market growth owing to an increase in buying power, presence of major players, and growing demand for technologically advanced & touch-free bathroom fixtures.
Some of the major players participating in the global bathroom products market are:
The Global Bathroom Products Market is segmented as follows:
By Type
By Basin shape
By Basin material
By Basin installation
By Distribution channel
By Price
By Application
Global Bathroom Products Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The demand for bathroom products is growing at a faster rate. Factors such as the rise in disposable income in developing countries, the growing trend of people to live a luxurious lifestyle, and the availability of bathroom products in a wide range of varieties at an affordable price are boosting the growth of the global bathroom products market. Furthermore, keen competition among the key participants for the launch of novel & elegant bathroom products and an increase in key marketing strategies may open new opportunities for the growth of the global bathroom products market over the forecast period.
Some of the major players participating in the global bathroom products market are AmeriSink Inc., Bemis Manufacturing Company, LIXIL Group, Roca Sanitario, Kohler Co., Ginsey Home Solutions, Huida Sanitary Ware Co., Ltd., Hamberger Sanitary GmbH, TOTO Ltd., and Sloan Valve Company, among others.
Asia Pacific is predicted to hold the maximum share in the global bathroom products market in terms of revenue over the forecast period. Factors such as an increase in smart home projects, a rise in disposable income, and rapid urbanization are fostering the growth of the market in this region.
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