Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Bath Furnishing Market Size is Estimated to Grow from USD 45.54 Billion in 2023 to USD 70.15 Billion by 2033, Growing at a CAGR of 4.42% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Bath Furnishing Market Size, Share, and COVID-19 Impact Analysis, By Product (Furniture, Fittings, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The bathroom equipment and accessory business, which includes bath vanities, mirrors, and other fixtures, is known as the global bath furnishings market. The expansion of this market is mostly driven by the growing importance of aesthetic additions during house renovations and the improved accessibility of a large variety of products with various fittings, colors, and appealing designs. It is anticipated that this industry will see additional growth potential due to rising levels of disposable income, increased urbanization, and easier access to numerous decorative products through e-commerce websites. Industrial process automation, the accessibility and uptake of cutting-edge technologies like 3D printing, businesses' emphasis on portfolio expansion, and enhanced capacity to match products with consumer preferences are some of the major drivers of the expansion. However, price volatility for raw materials and the possibility of supply chain interruptions constitute both of the biggest issues facing the global bath furnishings market.
The furniture segment held the largest share of 70.28% in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period.
Based on the product, the global bath furnishing market is categorized into furniture, fittings, and others. Among these, the furniture segment held the largest share of 70.28% in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period. This is ascribed to several variables, including the rise in home remodeling projects across several nations and the new demands of contemporary consumers, including storage solutions, customized experiences, sustainability, etc. In the upcoming years, it is also anticipated that the growing emphasis of market players on providing intelligent technology-enabled solutions will increase the availability of bathroom furniture collections.
The offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global bath furnishing market is divided into online and offline. Among these, the offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The primary driver of this segment's growth is offline shopping experiences, which provide consumers the chance to physically inspect products, their materials, and attributes including colors, patterns, durability, and compatibility with current environments. Along with improved customer support services like delivery and installation, it also provides instant possession. Since it increases brand visibility, brands also want efficient offline distribution.
North America is expected to hold the largest share of the global bath furnishing market through the forecast period.
North America is expected to hold the largest share of the global bath furnishing market through the forecast period. Many manufacturing in the region, a large number of concentrating developments and redevelopments, rising demand from business purchasers, and notable improvements in the portfolios provided by major corporations are all elements contributing to this. This market's expansion is also fueled by the availability of cutting-edge technology and product innovations.
Asia Pacific is predicted to grow at the fastest CAGR of the global bath furnishing market over the forecast period. High population density in nations like China and India, rising demand from upscale lodging establishments and other players in the hospitality sector, numerous infrastructure improvements started by public and private entities, and more. Opportunities for expansion in this industry are additionally increased by the growing demand from commercial buildings and facility management companies.
Company Profiling
Major key players in the global bath furnishing market include TOTO LTD., Kohler Co., GROHE, Ideal Standard International, LIXIL Group Corporation, Hansgrohe, Moen Incorporated, Roca Sanitario S.A.U., Masco Corporation, Villeroy & Boch, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global bath furnishing market based on the below-mentioned segments:
Global Bath Furnishing Market, By Product
Global Bath Furnishing Market, By Distribution Channel
Global Bath Furnishing Market, By Regional Analysis
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