Report Scope: This report will cover the sanitary industry. Definitive and detailed global market estimates and forecasts are provided, followed by detailed region, material, product, and application analysis.
New York, 16 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Sanitaryware: Global Markets” Report – https://www.reportlinker.com/p06229572/?utm_source=GNW
This report covers technological, economic and business considerations of the Sanitary Ware industry, with analysis and forecast provided for global markets. It also includes descriptions of market forces relevant to the sanitary industry and their areas of application.
Global markets are presented for the number of sanitary ware market segments, along with growth forecast to 2026. Sales value estimates are based on price in the supply chain.
The driving forces of the market and the structure of the industry are examined. International aspects are analyzed for all regions of the world, as well as for all sanitary materials and products.
Profiles of major global manufacturers are presented.
This report examines the impact of COVID-19 on the sanitary ware market. In 2020, the growth rate of every global industry was affected by the pandemic.
The developing COVID-19 pandemic has currently halted the progress of all economies. In addition to taking measures to confine their respective countries to contain the spread of the coronavirus, especially in the affected cities, governments are also taking the necessary measures to contain the economic downturn.
The sanitary ware market is further segmented on the basis of its materials: ceramics, acrylic plastics, and pressed metals. The market is also segmented into products including toilets/WCs, sinks, cisterns, pedestals and others.
It is further segmented into non-commercial and commercial products.
The report includes:
– 101 data tables and 19 additional tables
– A brief overview of the world markets for commercially available sanitary products
– Global market trend analyses, with data from 2020 to 2021, and compound annual growth rate (CAGR) projections to 2026
– Assessing and forecasting the sanitary ware market size and corresponding market share analysis by product type, material, application and region
– Identification of recent industry trends that will affect the use of sanitary products and their major end uses – both residential and non-residential (commercial) – application markets
– Highlights of the upcoming market potential and areas of interest to forecast this market in various segments and sub-segments
– Data and market value analysis by country for USA, Canada, Brazil, China, India, Japan, South Korea, Germany, UK, France, Italy and Spain, among others
– Overview of the company’s competitive landscape, major mergers and acquisitions (M&A), collaboration agreements and analysis of the company’s revenue share in the global sanitary ware market
– Descriptive company profiles of major global players including Eczac?ba?? Group, Huida Sanitaryware, Kohler Co. and Roca Group
This report studies the sanitary ware market in terms of value (USD Million). It includes an in-depth analysis of five regions of the sanitary ware market: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report also studies the Sanitary Ware market by materials, products, and applications. The materials segment includes ceramics, acrylic plastic, pressed metal, glass-reinforced polyester and cast iron. The product segment includes toilets/WCs, sinks, cisterns, columns, bathtubs and shower trays. The application segment includes non-commercial and commercial products.
In 2020, the sanitaryware market reached a value of REDACTED. The market is expected to reach REDACTED by 2026.
Kohler Group, Geberit Group, Toto Ltd., Roca Sanitario SA, Lixil Corp. and Villeroy & Boch are among the leading companies in the sanitary sector.
In terms of regional value, the Asia-Pacific (APAC) region dominated in 2020, followed by Europe. APAC represents REDACTED of the total sanitary ware market, followed by Europe, which represents REDACTED, and the North America region, which represents REDACTED.
The United States, China, India, Germany, Italy, and the United Kingdom are the major global markets for the sanitary ware market due to increased consumer awareness of sanitation and hygiene , urbanization, increased disposable income, availability of various products, young and middle-aged population, and aesthetic concerns of homes and bathrooms.
The sanitary ware market is mainly driven by macro-economic growth factors, including rapid urbanization, economic growth and improving consumer purchasing power. Rising real estate investment contributes to the increase in global demand for sanitary products.
The construction of new buildings and the renovation of existing ones are responsible for the growth of the sanitary ware market. Various policies and initiatives are taken by governments in emerging and underdeveloped regions to improve sanitation facilities.
Sanitary ware manufacturers, however, face challenges in maintaining variable costs, which in turn drive up the prices of end products. Manufacturers also face environmental challenges in extracting raw materials and ensuring their transportation.
Sanitary players benefit from adopting new marketing strategies by targeting brand-conscious consumers, especially in emerging markets. India is one of the leading emerging countries with a huge middle class and young population.
Huge demand for high-end sanitary products is prevalent due to change in lifestyles and improvement in living standards.
Another trending factor observed is the growth of modern smart technology and innovative designs in various sanitary products. Matte and rustic finishes are trending as consumers move away from the glossy textures of sanitary products.
Another trending topic for high-end consumers is silver nanotechnology in some sanitary products.
The sanitary ware market is summarized in the following table and figure. The ceramics used in these products have the highest CAGR (REDACTED) over the five-year period from 2021 to 2026.
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