Global Bathroom Products Market Report 2021: Growth and Evolution of COVID-19
The main 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, AmeriSink, American Woodmark Corporation, Avanity Corporation, Bellaterra Home, Empire Industries, JSG Oceana and Wilsonart International.
New York, September 09, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Bathroom Products Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06144647 /? Utm_source = GNW
The global bathroom products market is expected to grow from $ 103.38 billion in 2020 to $ 112.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly driven by companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 172.51 billion in 2025 at a CAGR of 11.2%.
The bathroom products market includes sales of bathroom products by entities (organizations, sole proprietorships, and partnerships) specifically designed for use in the bathroom. Bathroom products are items specially designed for use in a bathroom that includes sinks. , taps, towel rails and bins.
Bathroom products also include bathroom accessories for use in the bathroom which include a sink, toilet, shower, tub and bidet.
The main types of bathroom products are sinks, bathroom furniture, and bathroom accessories. A bathroom sink is a wall mounted basin in a bathroom with a hose to supply and drain water and is used for washing hands.
These products are made available to customers through online and offline channels. Bathroom products are used in various sectors including residential, commercial, institutional, others.
North America and Europe are the largest regions of the bathroom products market in 2020. Asia-Pacific is expected to be the fastest growing region during the forecast period.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.
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 commands.
This allows end users to personalize their bathroom experiences. Leading companies like Kohler, TOTO, and Roca Sanitario are constantly releasing new smart models like smart vanity mirrors, smart toilets, and other smart products.
For example, in 2020 Kohler, a manufacturer of bathroom solutions, introduced the innovative touchless toilet that enables contactless flushing through the incorporation of a sensor into the toilet 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 should strengthen the bathroom furniture category and allow the Roca group to increase its competitiveness in this segment.
RG International Bathroom is a European manufacturer of bathroom products.
An increase in urbanization across the world is expected to increase the demand for the bathroom products market in the coming years. Great 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 example, according to the World Bank, the urban population in South Asia is expected to increase by 250 million by 2030. Modern infrastructure requires products such as sinks, vanities or cubicles, and others that need to be. installed in commercial and residential premises. buildings during construction.
An increase in urbanization increases the construction of buildings for residential or commercial purposes, which in turn stimulates the market for bathroom products.
Countries Covered in the Bathroom Products Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, Korea South, the United Kingdom and the United States.
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