Transparency Market Research delivers key insights on the global ceramic sanitary ware market. In terms of revenue, the global ceramic sanitary ware market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ceramic sanitary ware market.
Companies are heavily investing in R&D to launch an exclusive collection of ceramic sanitary ware. Manufacturers are expanding their product lines to meet the increasing demand for ceramic sanitary ware. Moreover, the growing demand from the residential and commercial sector is expected to boost the market during the forecast period.
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Ceramic Sanitary Ware Market: Key Segments
In terms of product type, the water closets segment is expected to lead the global market, in terms of revenue generation, followed by washbasin and kitchen sinks in the ceramic sanitary ware market. However, in terms of volume, washbasin and kitchen sinks segment is anticipated to lead the market, followed by the water closets segment during the forecast period. As per the CAGR trend in product type, the washbasin and kitchen sinks segment is projected to expand at a prominent CAGR, followed by the water closets segment, during the forecast period. Developing countries such as India, Brazil, South Africa, and China are witnessing significant economic growth, along with rise in population, increase in disposable income, and changing taste and preference of consumers. All these factors are increasing the demand for esthetically designed ceramic washbasins and kitchen sinks.
Based on technology, the slip casting segment is expected to lead the global market, in terms of revenue generation and units sold, followed by the spagless segment, during the forecast period. However, the pressure casting segment is projected to expand at a notable growth rate, followed by the slip casting segment during the forecast period. The jiggering segment is expected to expand at a relatively lower CAGR and account for a minor share, in terms of value and volume, of the ceramic sanitary ware market.
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In terms of application, the residential segment is expected to dominate the ceramic sanitary ware market during the forecast period. However, the commercial segment is estimated to expand at a prominent CAGR during the forecast period. The construction sector in developing countries has witnessed tremendous expansion as a result of increased government spending. The construction industry in developing countries critically impacts regional socio-economic growth and advancement. Moreover, increasing urbanization in developing countries is predicted to accelerate the demand for ceramic sanitary ware over the next few years.
In terms of distribution channel, the offline segment is expected to dominate the ceramic sanitary ware market, both in terms of revenue generation and volume, during the forecast period. Moreover, third party distributors is expected to hold a major share of the offline segment, in terms of revenue and volume, during the forecast period. However, the study suggests that the online segment is projected to expand at a significant pace, in terms of sales of ceramic sanitary ware products during the forecast period.
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Ceramic Sanitary Ware Market: Prominent Regions
The market in Asia Pacific is expected to expand at the highest CAGR and become an upcoming market for ceramic sanitary ware sales. Asia Pacific is home to a majority of emerging economies, which are witnessing urbanization and commercialization. The market in Asia Pacific is anticipated to expand at a prominent growth rate during the forecast period, as the governments of Asia Pacific countries are increasingly focused on infrastructure investment and large-scale affordable housing schemes due to expansion of tourism in the region. Increased spending on public infrastructure and residential construction is expected to boost infrastructure growth in Asia Pacific countries and thus expected to further boost the ceramic sanitary ware market in Asia Pacific.
As compared to other regions, the market in Middle East & Africa and South America is expected to witness slower growth rate during the forecast period.
Ceramic Sanitary Ware Market: Key Players
Key players operating in the global ceramic sanitary ware market are Eros Sanitary ware, Foster + Partners, Grohe AG, Hansgrohe SE, Jaquar Group, Laufen Bathroom AG, Toto Ltd., Villeroy & Boch AG, Duravit AG, Roca Sanitario S.A., Lixil Corporation, Geberit AG, Ideal Standard International, Cersanit SA, etc.
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