The Rising Number of Resident Fosters the Growth of the Global Bathroom Accessories Market

The global bathroom accessories market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period (2021-2027). The market growth is mainly attributed to the growth in the number of houses across the globe especially in emerging economies like India and China. China has the highest number of households across the globe followed by India and the US. According to the article published in the Economist, more than 15 million houses are built every year in China. Moreover, in India and China, the rising number of populations has led to an increase in the number of construction of houses which has further led to the increase in shares of the bathroom accessories market. In addition to this, according to the reports of the United States Census Bureau, there were around 139 million houses in the US. This is an increase of 4.9% from the year 2010. The rising disposable income and change in lifestyle of the people in the developing countries are the factors that are also expected to contribute to the growth of the market. 

Browse the full report description Global Bathroom Accessories Market Size, Share & Trends Analysis Report by Type (Towel Rack/Ring, Hook, Paper Holder, Grab Bars, Others), By End-User (Residential, Commercial, and Others) Forecast Period 2021-2027 at https://www.omrglobal.com/industry-reports/bathroom-accessories-market

The rise in the commercial sector such as the set-up of the new hospital and several other industries has also enhanced the growth of the market. For instance, as per the analysis of CBECS (The Commercial Buildings Energy Consumption Survey), as of December 2020, the number of commercial buildings increased by 6% from 2012 in the US. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Product  

o By Type

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Toto Ltd., Hansgrohe Group, Lixil Group Corp., Bobrick Washroom Equipment, Inc., and Kohler Co.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Bathroom Accessories Market Report Segment

By Product

• Towel Rack/Ring
• Hook
• Paper Holder
• Grab Bars
• Others

By End-User

• Residential
• Commerical
• Others

Global Bathroom Accessories Market Report Segment by Region