With 7% CAGR, Ceramic Sanitary Ware Market Size to Reach USD 47 billion by 2029
Exactitude Consultancy
Updated 7 min read
According to Exactitude Consultancy the Global Ceramic Sanitary Ware Market value is expected to reach USD 47 billion by 2029, growing at a 7% CAGR of Between Forecast Period 2023 and 2029. Rising Construction Activities has fueled the demand for Ceramic Sanitary Wares; High Price of Ceramic Sanitary Wares to Hamper Market Growth
Luton, Bedfordshire, United Kingdom, March 09, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Ceramic Sanitary Ware Market.
The Global Ceramic Sanitary ware Market Size is expected to grow at more than 7% CAGR from 2021 to 2028. It is expected to reach above USD 47 billion by 2028 from a little above USD 29.7 billion in 2021. The global ceramic sanitary ware market is projected to experience significant growth in the coming years. Ceramic sanitary ware refers to products such as toilets, washbasins, urinals, and other bathroom fixtures that are made from ceramic materials.
One of the primary factors driving market growth is the increasing demand for modern, stylish, and functional bathroom fixtures. As consumers become more affluent, they are increasingly investing in home renovation and upgrading their living spaces. The demand for bathroom fixtures that are aesthetically pleasing, easy to clean, and durable is expected to boost the ceramic sanitary ware market.
Additionally, the rising trend of green buildings and sustainable architecture is likely to increase the demand for eco-friendly ceramic sanitary ware products. Eco-friendly products that use less water and energy in their manufacturing and operations are becoming more popular among environmentally conscious consumers.
Industry Developments:
September 2021: Asian Granito India Ltd. has opened a 10,000 sq. ft. display center in Kochi, Kerala. The showroom will include the company's latest collection, including grestek, anti-bacterial, special effect tiles, quartz, genius smart PWC, and the latest faucets. With over 1,400 goods, the showcase will include a product line of tiles, sanitary ware, and bath ware. This development will evolve customer preferences and showcase its manufacturing and technological excellence across the globe.
August 2020: In the Kerala market, Star Pipes has launched a product line of sanitary ware goods under the Star Sanitary ware brand. A premium selection of one-piece toilets, wall-hung toilets, wash basins with full and half pedestals, one-piece wash basins, and tabletop wash basins in the style of French and Italian designs are included in the luxurious range of products. The company will adapt to market requirements with these product launches.
Opportunity for Ceramic Sanitary Ware Manufacturers
Ceramic sanitary ware manufacturers have a significant opportunity to capitalize on the growing demand for modern, stylish, and functional bathroom fixtures. One of the key drivers of this demand is the increasing disposable income of consumers in both developed and emerging markets. As more people have the financial means to invest in home renovations and upgrades, the demand for high-quality bathroom fixtures is likely to increase.
Moreover, with the trend towards green buildings and sustainable architecture, manufacturers have an opportunity to differentiate themselves by offering eco-friendly ceramic sanitary ware products that are energy-efficient, water-efficient, and made from sustainable materials.
In addition, manufacturers can leverage the increasing popularity of online sales channels to expand their reach and increase sales. With the growth of e-commerce, manufacturers can reach consumers in remote locations or those who prefer the convenience of online shopping.
Finally, manufacturers can also explore opportunities in emerging markets where there is a significant demand for affordable and functional ceramic sanitary ware products. As urbanization and disposable incomes continue to rise in these markets, the demand for bathroom fixtures is expected to increase, presenting a significant opportunity for manufacturers who can offer products at competitive prices.
Report Attribute
Details
Ceramic Sanitary Ware Market size value in 2022
USD 29.7 billion
Revenue forecast in 2029
USD 47 billion
Market Growth rate
CAGR of 7% from 2023 to 2029
Base year for estimation
2022
Historical data
2018 - 2020
Forecast period
2023 - 2029
Quantitative units
Revenue in USD Million, volume in units, CAGR from 2022 to 2029
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, trends
Segments covered
By Type; Technology; Application and By Region
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Develop business strategies by understanding the trends shaping and driving the Market.
Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Ceramic Sanitary Ware Market in the future.
Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of Ceramic Sanitary Ware Market leaders.
Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
Track sales in the global and country-specific Market.
Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Regional Insights:
The Asia Pacific market for ceramics was worth USD 21.02 billion in 2020 and has experienced significant growth due to advancements in sustainable technology. China holds the largest market share in this region and is also the fastest-growing country, thanks to government initiatives focused on hygiene, infrastructure development, and research and development.
In Europe, commercial applications such as malls, airports, educational institutions, and offices are driving high demand for ceramics. The growth of the commercial sector, coupled with increasing demand for renovations, is expected to further drive demand in this region.
In North America, the U.S. leads the ceramic-based sanitary ware market, with growth fueled by the expansion of the residential sector. Additionally, changing lifestyles and increasing consumer expenditure have boosted the adoption of renovations, further contributing to market growth in the region.
Key Market Segments: Ceramic Sanitaryware Market
By Type
Toilet Sinks/Water Closets
Washbasins
Urinals
Cisterns
By Application
Commercial
Residential
By Technology
Slip Casting
Pressure Casting
Type Casting
Isostatic Casting
By Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
Frequently Asked Questions About This Report
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