Global Bathroom Accessories Market By Overview
Bathroom Accessories Market was valued at US$ 22.4 Billion in 2024 and is projected to grow at a CAGR of 13.20% to reach US$ 69.4 Billion by 2034.
Prophecy Market Insights has recently published its insights on “Bathroom Accessories Market” for the forecast period of 2024-2034. The market is segmented into By Type (Shower, Soap Holders, Towel Rack, Toilet Brushes, and Holders), By Applications (Residential and Hotels), and By Region
Change in lifestyle in terms of bathrooms and washrooms is the major factor for the target market growth. Also, competition in hospitability sectors such as hotels and lodges is boosting the target market growth. In addition, improvement in awareness of consumers regarding new bathroom and washroom accessories is propelling growth of the target market. Furthermore, government policies and initiatives regarding enhancing sanitation facilities in the underdeveloped or rural areas across the globe is expected to fuel the target market growth over the forecast period as well. However, bathroom accessories are limited to the urban areas which is the major restrain for the target market growth. Additionally, some bathroom accessories are expensive which is may hamper the target market growth over the forecast period.
Source: Secondary Research, Expert Interview and Prophecy Market Insights Research
North America to grow at the highest CAGR during the forecast period
North America is expected to drive the target market growth over the forecast period owing to the presence of many lavish hotels which provide world class facilities in terms of bathroom luxuries and accessories. Whereas, Europe is expected to show a significant growth over the forecast period due to the changing lifestyle and inclination of individuals towards lavish lifestyle.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The bathroom accessories market report segments the market on the basis of type, applications, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global bathroom accessories market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global bathroom accessories market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global bathroom accessories market. For instance, in January 2019, KOHLER Co. announced the launch of smart products for bathroom as well as kitchens by expanding lightning, music experiences, and voice control through Kohler connect.
- Kohler Co
- Moen Inc.
- American Standard Americas
- Gerber Plumbing Fixtures LLC
- Grohe AG
- Darice Inc.
- Hansgrohe SE
- Baldwin Technology Co Inc.
- Jado AG
- Alsons Power Holdings Corp
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
The bathroom accessories market report segmented into type, applications, and region.
Factors driving market growth include increasing consumer focus on bathroom aesthetics, rising demand for innovative and functional accessories, and a surge in residential and commercial construction activities.
Global restraints may include challenges in product differentiation, the impact of economic fluctuations on construction projects, and the availability of alternative materials for accessories.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to dominate the Bathroom Accessories Market, witnessing a significantly high revenue share over the forecast period.
The key players operating in the plumbing fixtures and bathroom accessories industry include Kohler Co, Moen Inc., American Standard Americas, Gerber Plumbing Fixtures LLC, Grohe AG, Darice Inc., Hansgrohe SE, Baldwin Technology Co Inc., Jado AG, and Alsons Power Holdings Corp.