Sanitary Ware Products Market to Surpass $53 Billon by 2022
Growing
real estate sector coupled with increasing subsidies and investments from
governments as well as private sector on sanitation and sanitary ware products
to drive global sanitary ware market through 2022
According to a TechSci Research report, “Global
Sanitary Ware Market By Product Type, By End User, By Region, Competition
Forecast and Opportunities, 2012-2022”, the global sanitary
ware market is projected to cross $ 53 billion by 2022. Growth in the global sanitary
ware market is majorly led by growing real estate and construction sector in
the developing countries as well as developed countries, increasing availability of a broad range of products
through offline as well as online sales channels, coupled with rising
disposable income across major developing economies, which is resulting in
higher expenditure on premium products. Moreover, supportive initiatives and
subsidies from governments, growing premiumization of products in the market, and
increasing demand for smart toilets is anticipated to further steer growth in the
global sanitary ware market.
Browse 134 Figures spread through 135 Pages and an in-depth TOC
on "Global Sanitary Ware Market"
https://www.techsciresearch.com/report/global-sanitary-ware-market-by-product-type-wash-basin-toilet-sink-water-closet-urinals-cisterns-others-by-end-use-residential-industrial-institutional-commercial-competition-forecast-opportunities/1184.html
As per a
Voice of Customer survey by TechSci Research, price and product life span of
sanitary ware came across as the most vital differentiating factors for
consumers in choosing sanitary ware products. Toilets and wash basins came across as the most popular product type
in the global sanitary ware market. Lixil Group Corporation, Toto Ltd, Roca Sanitarios
S.A., and Kohler Co., among others, are some of the leading
players operating in the global sanitary ware market, and these players are
expected to remain dominant during forecast period as well. Among end users, demand
from individual customers has dominated the market with a value share of more
than 60% in 2016.
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On the basis
of type, sanitary ware market can be broadly categorized into toilets, wash
basins, cisterns, urinals and others. Toilets dominated the market in 2016 as
being a basic sanitation product, they are in high demand.
“With increasing disposable income in developing nations,
demand for sanitary ware products in rural as well as urban areas is
increasing. Moreover, rising awareness about proper sanitation and increasing
investments by the leading players to offer a broader product range is likely
to steer growth in the global sanitary ware market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Sanitary Ware Market By Product Type, By End User, By Region, Competition
Forecast and Opportunities, 2012-2022” has evaluated the future growth potential of global sanitary ware market
and provides statistics and information on market structure, size, share and
future growth. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment decision. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the global sanitary ware market.
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