Bathroom Accessories Market Expected to Show a Significant Growth During the Forecast Period 2018 – 2025
30th November 2018 - The
global Bathroom Accessories Market is
expected to witness substantial growth for the forecast period owing to change
in life style, competition in hospitability sector and increase in disposal
income. Bathroom fittings and accessories product were limited to urban and
high-income group. The usage of bathroom with luxury fittings in rural area is
low, while the usage of bath fittings and accessories was rather limited in
urban areas as well.
The market for bathroom accessories has
blossomed on the grounds of substantial growth in personal disposable income,
rapid urbanization, promising growth of real estate sector, rise in hospitality
industry, aspirational consumers, improvement in standards of living, improving
consumer awareness regarding new bath accessories and government initiatives towards
enhancing sanitation facilities in rural areas. A home with at least one
bathroom has become a basic necessity in urban areas, which in turn has led to
an increase in demand for bathroom fitting and accessories. Growing residential
and office spaces would require exquisite interiors this will lead to increase
in demand for high-end bathroom accessories.
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The major growth driver has been the perception people look
at bathrooms today. It was perceived as a necessity few years ago, bathrooms
now have evolved into style statement. Bathroom is no longer a place, which is
just used to bath, but the purpose also focuses on the relaxing aspect. People
are opting for bigger and bigger bathrooms as a sure sign of luxurious living,
increasing the size also gives a chance of adorning it with exquisite fixtures.
Eco-friendly bathroom accessories items like towels, hand
towels and face cloths and material that have natural appearance and texture
have also gain popularity. The use of industrial design has also continued to
grow. Sensors taps that come with fully automatic functioning and work under
normal water pressure are gaining popularity. Mixers and showers from manufacturers
such as Hansgrohe are now equipped with standard water saving technology or are
available in eco version with reduced flow.
Some Restraint that has constrained the growth of this
market such as low demand in replacement market, smaller bathroom size in India
and market restricted to urban areas. Despite of these restraints the rise of
nuclear families along with the exposer to international set ups are the
primary reason for the increase of this market. India is not a replacement
market, majority of the families tend to stick with the same bathroom
accessories they bought at the time of property purchase. The bath accessories
market in India is highly untapped considering a large population in the rural
areas. The government has taken an initiative to improve the sanitation in
rural areas where penetration is still lower. The capacity utilization by large
organization has been enriched, complemented with the emergence of global and
local SMEs bath accessories and fitting manufacturers.
The major manufacturers covered in
this report
•
Kohler
•
Moen
•
Delta Matching Bath Accessories
•
American Standard
•
Gerber Pluming Fixtures
•
Grohe
•
Hansgrohe
•
Baldwin
•
Jado
•
Alsons
•
Cafe Press
•
Darice
•
Fibre Craft
The
key points of this report are:
• To analyze and study the global Bathroom
Accessories sales, value, status (2013-2017) and forecast (2018-2025).
• Focuses on the key Bathroom Accessories
manufacturers, to study the sales, value, market share and development plans in
future.
• Focuses on the global key manufacturers, to
define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by
type, application and region.
• To analyze the global and key regions market
potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving
or inhibiting the market growth.
• To analyze the opportunities in the market for
stakeholders by identifying the high growth segments.
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Key Stakeholders
•
Bathroom Accessories Manufacturers
•
Bathroom Accessories Distributors/Traders/Wholesalers
•
Bathroom Accessories Subcomponent Manufacturers
•
Industry Association
•
Downstream Vendors
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