Bathroom Accessories Market projected to grow by USD 8.31 billion from 2024-2028, driven by increasing awareness of hygiene and personal care, with market evolution insights powered by AI - Technavio

Aug 28, 2024, 17:00 ET

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NEW YORK, Aug. 28, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global bathroom accessories market size is estimated to grow by USD 8.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.46% during the forecast period. Growing awareness about sanitary and personal hygiene is driving market growth, with a trend towards advent of smart bathrooms. However, long product replacement cycle poses a challenge. Key market players include American Specialties Inc., Bradley Corp., Duravit AG, Fortune Brands Innovations Inc., Fujian Xinchang Sanitary Ware Co. Ltd., Gerber Plumbing Fixtures LLC, Hansgrohe SE, Jacuzzi Brands LLC, Jaquar India, Kohler Co., LIXIL Corp., Masco Corp., Moen Inc., Norcros Plc, Novellini Spa, Oras Ltd., Roca Sanitario SA, Sloan Valve Co., Toto Ltd., and Villeroy and Boch AG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 - 2022

Segment Covered

Distribution Channel (Offline and Online), Application (Residential and Commercial), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

American Specialties Inc., Bradley Corp., Duravit AG, Fortune Brands Innovations Inc., Fujian Xinchang Sanitary Ware Co. Ltd., Gerber Plumbing Fixtures LLC, Hansgrohe SE, Jacuzzi Brands LLC, Jaquar India, Kohler Co., LIXIL Corp., Masco Corp., Moen Inc., Norcros Plc, Novellini Spa, Oras Ltd., Roca Sanitario SA, Sloan Valve Co., Toto Ltd., and Villeroy and Boch AG

Key Market Trends Fueling Growth

The global bathroom accessories market is witnessing a trend towards smart bathrooms, which incorporate digital accessories that offer convenience and energy savings. These bathrooms feature voice and motion-activated faucets, digital shower panels with LCD displays, and temperature control settings. Kohler's KOHLER Konnect is an IoT smart home network that enables users to control bathroom fixtures using smartphones and voice assistants like Alexa and Google Home. Although popular in developed countries, the market potential in developing countries is significant, creating opportunities for growth in the bathroom accessories market.

The bathroom accessories market is thriving with trends such as water closets, water sinks, and premium toilet designs taking center stage. Cisterns are being upgraded for better organization and efficiency. Mirrors are essential for bathroom essentials, with practical purposes in mind. Hygiene awareness drives the demand for luxury interior designs, including towel racks and heated towel rails. Tissue World Magazine reports a surge in the paperholder segment. Bathroom design trends favor bathroom customization and plumbing fixtures like hand basins, taps, and trash cans. Bathroom fittings like towel racks and paper holders add functionality and style to Western bathrooms. Luxury bathroom products continue to be popular in home remodeling projects. Overall, the market for bathroom accessories is growing, with a focus on organization, practicality, and premium features.

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Market Challenges

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Segment Overview

This bathroom accessories market report extensively covers market segmentation by

1.1 Offline- The offline segment dominates the global bathroom accessories market, with specialist stores and large retailers such as department stores, hypermarkets, and supermarkets being the key distribution channels. Consumers prefer these channels for convenience and the ability to evaluate products before purchasing. Walmart Inc. And Tesco Plc. Are examples of retailers offering a wide range of bathroom accessories at competitive prices. However, the economic recession in certain regions may lead to a decline in sales for specialist stores. During the forecast period, offline retail stores will continue to account for the highest sales of bathroom accessories due to their convenience, availability of various brands and categories, and bulk buying opportunities. In developing economies, physical retail stores remain the preferred option. Retailers are expanding their businesses in these markets to cater to the growing demand. Overall, the offline retail segment will generate significant revenue in the bathroom accessories market during the forecast period.

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Research Analysis

The bathroom accessories market encompasses a wide range of products designed to enhance the functionality and aesthetics of modern bathrooms. These include home remodeling essentials like plumbing fixtures such as hand basins, taps, toilets, showers, bathtubs, bidets, and bathroom fittings. Towel racks, paper holders, and trash cans are common bathroom accessories that cater to everyday needs. Heated towel rails add a touch of luxury, while water conservation features are increasingly popular for their eco-friendly benefits. Aesthetic preferences play a significant role in the selection of bathroom accessories, with an array of options available from basic sanitary fittings to high-end, designer bathroom products. Tissue World Magazine is a leading source of industry news and trends for this dynamic market. Washbasins, towel hangers, and sinks are other essential bathroom accessories that complete the picture. Water, pipes, and washing hands are fundamental elements that all bathroom accessories must integrate seamlessly with.

Market Research Overview

The bathroom accessories market encompasses a wide range of products designed to enhance the functionality and aesthetics of modern bathrooms. These include home remodeling essentials such as plumbing fixtures, towel racks, heated towel rails, and luxury bathroom products. Paper holders are another common bathroom accessory, often made from materials like metal, glass, porcelain, acrylic plastics, or Perspex to match the bathroom's design. Other bathroom accessories include hand basins, taps, trash cans, bathroom fittings, sinks, toilets, showers, bathtubs, bidets, and various sanitary fittings. Water conservation and hygiene awareness are key considerations in bathroom design trends, leading to the popularity of sensor taps, automatic soap dispensers, and water-saving showerheads. Bathroom organization is also a priority, with towel racks, towel hangers, and mirrors serving both practical purposes and adding to the elegance and style of premium bathroom designs. The paperholder segment is a significant part of the market, with a focus on organization and design trends in Western bathrooms. Bathroom customization and luxury interior designs continue to shape the market, offering consumers a wide range of options to create their perfect bathroom space.

Table of Contents:

1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation

7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix

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Contacts

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SOURCE Technavio