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Bathroom Products Global Market Report 2022
Major players in the bathroom products market are Kohler, Roca Sanitario, TOTO, LIXIL, Hamberger Sanitary, Huida Sanitary Ware Co, Bemis Manufacturing Company, Sloan Valve, Ginsey Home Solutions, and AmeriSink.
New York, July 15, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Bathroom Products Global Market Report 2022" - https://www.reportlinker.com/p06281595/?utm_source=GNW
The global bathroom products market is expected to grow from $85.81 billion in 2021 to $97.31 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The market is expected to grow to $138.41 billion in 2026 at a CAGR of 9.2%.
The bathroom products market consists of sales of bathroom products by entities (organizations, sole traders, and partnerships) that are specifically designed for use in the bathroom. The bathroom products are the items that are specifically designed for use in a bathroom.
The main types of bathroom products are bathroom basins, bathroom furniture, and bathroom accessories. A bathroom basin is a bowl that is attached to the wall in a bathroom and has a pipe to supply and carry away water and is used for washing hands. These products are made available to customers through online and offline channels and are used in various applications including residential, commercial, institutional, other applications
North America and Europe are the largest regions in the bathroom products market in 2021.The Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the bathroom products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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 market for bathroom products market.
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 2020, Kohler, a manufacturer of bathroom solutions introduced the innovative Touchless Toilet that allows for touchless flushing through the incorporation of a sensor in the toilet’s flush lever.
In January 2021, Roca, a Spanish manufacturer of bathroom products acquired the bathroom furniture division of RG International Bathroom for an undisclosed amount.This acquisition is expected to reinforce the bathroom furniture category and will allow the Roca group to increase its competitiveness in this segment.
RG International Bathroom is a Europe-based manufacturer of bathroom products.
The countries covered in the bathroom products market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Read the full report: https://www.reportlinker.com/p06281595/?utm_source=GNW
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