Bathroom Products Demand is Predicted to Grow at an 8.9% CAGR from 2022 to 2031; Bathroom Furniture Type Segment is Anticipated to Dominate the Industry, States Transparency Market Research

WILMINGTON, DE / ACCESSWIRE / April 28, 2023 / Transparency Market Research Inc. - Consumer sections worldwide are increasing their focus on maintaining cleanliness and hygiene and as a result, are looking to purchase bathroom products that offer protection from germs and are cost-effective. The global bathroom products market is estimated to grow at a CAGR of 8.9% from 2022 to 2031 and reach US$ 212.3 Bn by the end of 2031.

Bathroom products have been traditionally purchased from offline distribution channels such as speciality stores, hypermarkets, and supermarkets, but are witnessing rise in demand from online distribution channels such as e-commerce websites, owing to product availability at lower price.

New product launch is a growth strategy that is assisting prominent bathroom products bathroom products market players in gaining an edge over other players and generate new revenue streams.

Prominent market player Kohler, in 2020, announced the launch of new toilet with touchless flushing technology. The device comprises a sensor in the flush lever of the toilet.

Other strategies such as collaborating with smaller players by signing agreements is helping well-established bathroom products market players in expanding their market presence worldwide and increasing their revenue shares.

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Key Findings of Bathroom Products Market Size

• Growing Demand for Touch-Free Products Augmenting Growth in Global Bathroom Products Market: The outbreak of the COVID-19 pandemic has led to increased fear among different population sections regarding the use of public washrooms. As a result, demand for touch-free bathroom products such as faucets and lavatories, which help prevent individuals from contracting the virus has risen. Increasing demand for touch-free bathroom products is offering revenue-generating opportunities for leading players in overall market
• Increasing Demand for Customized Design Products Could Boost Growth in Global Bathroom Products Market: Leading manufacturers in global bathroom products market are looking to produce customized designs in taps, showers, and thermostatic mixers. Key reason behind manufacturers looking to produce customized designs for bathroom products is to offer improved ergonomic comfort and aesthetics to consumers.
• Furthermore, customers worldwide are looking to adopt personalized bathroom products which suit their personal requirements. Growing demand for customized products could stimulate the growth in overall bathroom products market during the forecast period

Bathroom Products Market: Key Drivers

• Increasing consumer focus on designing bathroom interiors is one of the key driving factors of global bathroom products market
• Growing number of smart homes globally is triggering demand for smart bathroom products and augmenting the growth in overall bathroom products market
• Rising number of government initiatives concerning hygiene and cleanliness in developing economies globally is boosting the growth in overall bathroom products market

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Bathroom Products Market: Regional Market Insights

Globally, Asia Pacific held a large share in overall market in 2019. Factors such as rising construction activities, as well as availability of advanced bathroom products in developed and developing countries such as China and India, played a key role in Asia Pacific becoming lucrative region in bathroom products market.

Bathroom Products Market: Key Players

Presence of numerous prominent players has ensured that the competition in global bathroom products market is intense.

Leading bathroom products market players are making huge investments in research and development activities in a bid to produce improved products that would meet the requirements of large number of consumers.

Some of the well-established players in overall market include Kohler, Toto, Hamberger Sanitary GmbH, Bemis Manufacturing Co., and Sloan Valve Co.

Key Points from TOC:

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

5.1. Introduction

5.2. Market Dynamics

5.2.1. Drivers

5.2.2. Restraints

5.2.3. Opportunities

5.3. Key Trends Analysis (Considering COVID-19 Impact)

5.3.1. Demand Side Analysis

5.3.2. Supply Side Analysis

5.4. Key Market Indicators

5.4.1. Overall Bathroom Furniture Market Overview

5.5. Value Chain Analysis

5.5.1. Managing Supply Chain Risk and Disruption

5.6. Industry SWOT Analysis

5.7. Raw Material Analysis

5.8. Porter's Five Forces Analysis

5.9. Bathroom Products Market Analysis and Forecast, 2017 - 2031

5.9.1. Market Revenue Projection (US$ Mn)

5.9.2. Market Revenue Projection (Thousand Units)

6. Global Bathroom Products Market Analysis and Forecast, By Type

6.1. Global Bathroom Products Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

6.1.1. Bathroom Basin

6.1.1.1. Single

6.1.1.2. Double

6.1.1.3. Multiple

6.1.2. Bathroom Furniture

6.1.2.1. Cabinets

6.1.2.2. Mirrors

6.1.2.3. Shelves

6.1.2.4. Others (Vanities, etc.)

6.1.3. Bathroom Accessories

6.1.3.1. Taps

6.1.3.2. Toothbrush Holders

6.1.3.3. Towel Racks/Rings

6.1.3.4. Trash Cans

6.1.3.5. Others (Bath Rugs & Mats, etc.)

6.2. Incremental Opportunity, By Type

TOC Continued……

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The global bathroom products market is segmented as follows:

Type

• Bathroom Basin
• Single
• Double
• Multiple

Bathroom Furniture

• Cabinets
• Mirrors
• Shelves
• Others (Vanities, etc.)

Bathroom Accessories

• Taps
• Toothbrush Holders
• Towel Rack/Ring
• Trash Cans
• Others (Bath Rugs & Mats, etc.)

Basin Material

• Ceramics
• Acrylic
• Metals
• Stone
• Others
• Glass
• Coating Material (Enameled/Glazed Steel)
• Others

Basin Shape

• Rectangular
• Round
• Oval
• Square
• Asymmetrical

Basin Installation

• Countertop
• Wall-mounted
• Free-standing
• Console
• Others (Built-in, etc.)

Application

• Residential
• Commercial
• Hospitals
• Offices
• Hotels & Cafes
• Others (Institutions, etc.)

Price

• Low
• Medium
• High/ Premium

Distribution Channel

• Online
• e-Commerce Websites
• Company-owned Website
• Offline
• Hypermarkets/ Supermarkets
• Specialty Stores
• DIY Stores

Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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