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DUBLIN--(BUSINESS WIRE)--Sep 15, 2022--
The "Bathroom Fittings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global bathroom fittings market size reached US$ 49.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 74.2 Billion by 2027, exhibiting a CAGR of 7.02% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Bathroom fittings, also known as sanitary fittings, stand for the plumbing fixtures or accessories installed in a bathroom. These fittings commonly include washbasins, towel hangers, taps, bathtubs, soap dispensers, faucets, showerheads, trash cans, towel paper machines, etc. Bathroom accessories are generally made up of metal, glass, porcelain, acrylic plastics, Perspex, and other materials. These fittings add functional and aesthetic value to the bathroom, along with emphasizing on luxury, elegance, and style. Owing to these benefits, bathroom fittings are being widely installed across residential, commercial, hospitality, and institutional sectors.
The elevating living standards of the consumers supported by their rising disposable income levels have led the growing inclination towards exquisite and high-end household accessories, such as bathroom fittings. Moreover, various technological upgradations and rapid digitalization have led to the introduction of advanced and smart bathroom accessories that can be operated via Internet-of-Things (IoT)-based devices.
Furthermore, rising modernization, along with the prevalent trend of automation in household components, have resulted in the launch of bathroom fittings with in-built sensors. Various automated bathroom accessories including, sensor taps, smart showers/mixers, automatic soap dispensers, etc., are gaining popularity, precisely among the millennial and urbanized population.
Additionally, various advanced bathroom fittings are also equipped with water-saving technology for reducing water wastage, thereby experiencing high demand across the globe. The rising environmental concerns towards water scarcity and decreasing groundwater levels have encouraged the manufacturers to design newer and state-of-the-art water closets, water sinks, toilets, and cisterns, etc., for optimum water utilization.
In addition to this, the increasing urbanization levels, along with the growing construction of smart and luxury housing projects, particularly across developing countries of Asia Pacific, Middle East, and Latin America, have further augmented the demand for bathroom fittings. In these regions, the growing consumer awareness towards enhancing sanitation facilities, coupled with the introduction of several government initiatives for promoting the need for maintaining good hygienic conditions and proper sanitation, have also propelled the rapid installation of bathroom fittings.
Besides this, the growing number of renovation and refurbishment activities of traditional residential and commercial infrastructures, across developed regions in North America and Europe, are also driving the market for bathroom accessories. The flourishing real estate and tourism industries, along with various infrastructural developments in the hospitality sector will continue to spur the growth of the global bathroom fittings market during the forecast period.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global bathroom fittings market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, end-user, distribution channel, and organized and unorganized.
Breakup by Product Type:
Breakup by End-User:
Breakup by Distribution Channel:
Breakup by Organized and Unorganized:
Breakup by Region
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/86puzr
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KEYWORD:
INDUSTRY KEYWORD: BUILDING SYSTEMS HOME GOODS RETAIL RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/15/2022 10:48 AM/DISC: 09/15/2022 10:48 AM
http://www.businesswire.com/news/home/20220915005878/en