Bathroom Products Global Market To Reach Value Over $172 Billion In 2025
12 Aug, 2021
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 which includes hand basins, taps, towel racks, and trash cans. Bathroom products also include bathroom fittings that are intended to be used in the bathroom that includes a sink, toilet, shower, bathtub, and bidet.
Global Bathroom Products Market Size And Drivers:
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 due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The bathroom products market is expected to reach $172.51 billion in 2025 at a CAGR of 11.2%. An increase in urbanization across the globe is expected to increase the demand for bathroom products market in the coming years.
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Trends In The Global 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.
Global Bathroom Products Market Segments:
The global bathroom products market is further segmented based on type, distribution channel, application and geography.
By Type: Bathroom Basin, Bathroom Furniture, Bathroom Accessories
By Distribution Channel: Online, Offline
By Application: Residential, Commercial, Institutional, Others
By Geography: The global bathroom products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America and Europe are the largest regions in the bathroom products market in 2020.
Read More On The Report For The Global Bathroom Products Market At:https://www.thebusinessresearchcompany.com/report/bathroom-products-global-market-report
Bathroom Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides bathroom products market overviews, analyzes and forecasts market size and growth for the global bathroom products market, bathroom products market share, bathroom products market players, bathroom products market segments and geographies, bathroom products market’s leading competitors’ revenues, profiles and market shares. The bathroom products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.