China Bathroom Accessories Market Share 2021: Trends, Key Players, Industry Analysis and Report 2021-2027

 

The China bathroom accessories market is anticipated to grow significantly at a CAGR of 9.0% in the forecast period (2021-2027). The key aspect that drives the market growth includes rapid evolution in end-user industries. During the COVID-19 pandemic, the market witnessed a negative impact due to the shutdown of key companies operating in the region. However, advancement in technologies such as the increase in adoption of smart bathrooms due to change in lifestyle of people and rise in awareness among people related to hygiene is expected to create growth opportunities for the market players in the forecast period.

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In addition to this, India and China come among the top 3 countries of the world having the maximum number of houses. The increase in population will lead to the need for more houses which will eventually lead to an increase in the use of bathroom accessories. For instance, according to the World Bank, China had a population of 1.398 billion in 2019 and the population is estimated to reach 1.442 billion by 2029. This will further lead to use of bathroom accessories by the people.

A large number of the population are reliable to water and not toilet paper in the country so the paper holder segment is estimated to have a slow growth rate in the forecast period. However, government initiatives to increase awareness among people for not wasting water is expected to create opportunity in this segment in the forecast period.

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Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered

o             By Product

o             By End-User

·        Regions Covered - China

·        Competitive Landscape- Kohler Co., Toto Ltd., Lixil Group Corp., Ningbo Fit Sanitary Ware Co., Ltd., and Wesmo Industries, Ltd.

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?

China Bathroom Accessories Market Report Segment

By Product

·        Towel Rack/Ring

·        Hook

·        Paper Holder

·        Grab Bars

·        Others

By End-User

·        Residential

·        Commerical

·        Others

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Company Profiles

·        Foshan ZOOKV Kitchen-Bath Co., Ltd.

·        Jaguar Group

·        Kohler Co.

·        Lixil Group Corp.

·        Ningbo Fit Sanitary Ware Co., Ltd.

·        Ningbo Xinlijie Metal Products Co. Ltd.

·        Shenzhen Kingslam Household Products Co., Ltd.

·        Toto, Ltd.

·        Wangel Group

·        Wesmo Industries, Ltd.

·        Yuyao Beilv Sanitary Ware Co., Ltd.

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