The Bathroom Products Global Market Report 2023 by The Business Research Company, provides bathroom products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Bathroom Products Market:
https://www.thebusinessresearchcompany.com/report/bathroom-products-global-market-report
According to The Business Research Company’s Bathroom Products Global Market Report 2023, the market size grew from $98.81 billion in 2022 to $111.64 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the bathroom products is expected to grow to $164.86 billion in2027 at a CAGR of 10.2%.
An increase in urbanization across the globe is expected to increase the demand for bathroom products market in the coming years. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines which are becoming increasingly popular for export-oriented manufacturing.
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The bathroom products market is segmented:
1) By Type: Bathroom Basin, Bathroom Furniture, Bathroom Accessories
2) By Distribution Channel: Online, Offline
3) By Application: Residential, Commercial, Institutional, Other Applications
Top Major Players:
Kohler
Roca Sanitario
TOTO
LIXIL
Hamberger Sanitary
North America and Europe are the largest regions in the bathroom products market in 2022.
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.
Read Related Reports:
https://topprnews.com/household-furniture-and-kitchen-cabinet-market/
https://goodprnews.com/household-furniture-and-kitchen-cabinet-market/
The bathroom products market report table of contents includes:
1. Executive Summary
2. Bathroom Products Market Characteristics
3. Bathroom Products Market Trends And Strategies
4. Bathroom Products Market – Macro Economic Scenario
5. Bathroom Products Market Size And Growth
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26. Africa Bathroom Products Market
27. Bathroom Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bathroom Products Market
29. Bathroom Products Market Future Outlook and Potential Analysis
30. Appendix
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