Press Release

Bathroom Accessories Market Grow with a CAGR of 9.78% through 2029

The global bathroom accessories market is expanding due to rising demand for functional and aesthetic products, increasing disposable income, and a focus on home renovation and wellness trends

 

According to TechSci Research report, “Bathroom Accessories Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global Bathroom Accessories market stood at USD 23.51 billion in 2023 and is expected to grow USD 41.02 billion by 2029 with a CAGR of 9.78% during the forecast period. The global bathroom accessories market has seen substantial growth in recent years, driven by a combination of factors including increasing disposable incomes, rapid urbanization, rising awareness of sustainability, and an evolving consumer preference for innovative, functional, and aesthetically pleasing products. The market encompasses a broad range of products, including faucets, showerheads, towel racks, mirrors, soap dispensers, bathroom furniture, and more, each of which contributes to enhancing the overall bathroom experience. As consumers continue to prioritize comfort, convenience, and style in their homes, the demand for high-quality bathroom accessories is expected to remain strong.

One of the key factors driving the growth of the global bathroom accessories market is the increasing focus on home improvement and renovation, particularly in emerging economies where the middle class is expanding. As disposable incomes rise, consumers are more willing to invest in upgrading their homes, including bathroom spaces, which were previously seen as functional but not necessarily a focal point of design. In regions such as Asia Pacific, particularly in countries like China and India, the growing real estate sector and urban development have led to a surge in demand for bathroom products. Consumers in these markets are seeking both affordable and premium bathroom accessories that offer durability, functionality, and modern design elements.

Another key trend influencing the market is the rising consumer demand for eco-friendly and sustainable bathroom products. As environmental concerns continue to dominate global discourse, more consumers are seeking out products that are both functional and environmentally responsible. This has led to the development of water-saving faucets, low-flow showerheads, and energy-efficient lighting options. Additionally, manufacturers are increasingly using sustainable materials, such as recycled plastics, bamboo, and biodegradable composites, to meet the growing demand for eco-friendly bathroom accessories. The demand for green products is particularly high in developed markets like North America and Europe, where consumers are more conscious of the environmental impact of their purchases and are willing to pay a premium for sustainable alternatives. This trend is expected to continue as both consumers and governments emphasize the need for sustainable practices in the consumer goods sector.

 

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The global bathroom accessories market is segmented into product, distribution channel, and region.

Based on the distribution channel, the online segment is the fastest-growing channel in the global bathroom accessories market, driven by increasing internet penetration, convenience, and changing shopping behaviors. Consumers are increasingly turning to e-commerce platforms for bathroom products due to the ease of browsing, comparing prices, and accessing a wide variety of options from global and local brands. The availability of detailed product information, customer reviews, and competitive pricing further enhances the appeal of online shopping. Additionally, the rise of digital payment options and home delivery services has made purchasing bathroom accessories online more convenient. This trend is expected to continue as more consumers embrace online shopping for its convenience, variety, and time-saving benefits.

Based on the region, North America is the fastest-growing region in the global bathroom accessories market, driven by increasing consumer demand for high-quality, innovative products and home renovation trends. Rising disposable incomes, a preference for premium and luxury bathroom products, and an emphasis on wellness and aesthetics have fueled market growth in countries like the United States and Canada. Additionally, the growing focus on eco-friendly and sustainable products, such as water-saving faucets and energy-efficient accessories, aligns with consumer preferences. The region also benefits from a strong presence of both established and emerging brands in the market, with online retail and smart bathroom products further accelerating demand. This trend is expected to continue as consumer interest in home improvement and bathroom customization rises.

 

Major companies operating in the global Bathroom Accessories market are:

  • LIXIL Corporation
  • TOTO Ltd.
  • Kohler Co.
  • Roca Sanitario, S.A
  • Moen Incorporated
  • Hansgrohe SE
  • Duravit AG
  • Gerber Plumbing Fixtures, LLC
  • Grohe AG
  • American Specialties, Inc.

 

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“Technology has also played a significant role in reshaping the bathroom accessories market. The integration of smart technology into bathroom products is one of the fastest-growing trends in the industry. Consumers are increasingly interested in smart bathroom accessories, such as heated towel racks, and digital shower systems, which offer enhanced convenience, comfort, and energy efficiency. The rise of the Internet of Things (IoT) has facilitated the development of these products, allowing consumers to control and monitor various aspects of their bathroom experience through smartphones or voice-activated devices. Smart toilets, for instance, now offer advanced features such as automatic flushing, heated seats, and self-cleaning functions. These innovations not only appeal to tech-savvy consumers but also align with the broader trend toward automation and connected homes. As technology continues to evolve, the bathroom accessories market is likely to see even more advanced products that enhance both functionality and user experience,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Bathroom Accessories Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product (Towel Rack/Ring, Hook, Paper Holder, Grab Bars, Others), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global Bathroom Accessories market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Bathroom Accessories market.

 

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Bathroom Accessories Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product (Towel Rack/Ring, Hook, Paper Holder, Grab Bars, Others), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F

Consumer Goods and Retail | Dec, 2024

The global bathroom accessories market is expanding due to rising demand for functional and aesthetic products, increasing disposable income, and a focus on home renovation and wellness trends

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