Bathroom Accessories Market Expected to Reach US ~$31.45 Billion and CAGR 10.0% by 2028 – Polaris Market Research
The global Bathroom Accessories Market size is expected to reach USD 31.45 billion by 2028 according to a new study by Polaris Market Research.
The foremost factors attributed to the market growth are growing construction activities in both residential & commercial sectors tied with escalating disposable income. In addition, improving the standard of living by shifting consumer lifestyles into a modernized society will further boost the global market.
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Moreover, growing tourist and traveling activities may influence the growth of the hospitality sector, which is directly allied with the demand for bathroom accessories. The traveling and tourist sector gains vigorous growth, which acts as one of the major driving factors for the industry growth.
An increase in the tourist inflow demands more developed hospitality services for higher customer satisfaction which positively influences the demand for bathroom accessories. Also, the tourists require superior bathrooms with better design of bathroom accessories, like paper holders, hooks, as well as towel rails or racks. As well as many regional governments are taking various initiatives for the construction of premium hotels with the best services for attracting a large group of tourists. Therefore, these factors are projected to accelerate the industry development in the forecasting period globally.
The Shift collection was formed with the association with VanBerlo, a Dutch design agency. This collection is proposed for the project of the agreement with the hotel chains, villas, and cruise ships. Every product of this collection shows some tangible 3D ornaments as well as graphic patterns.
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Market Participants such as Moen Incorporated, Gerber Plumbing Fixtures LLC, ASI American Specialties, Inc., DELTA FAUCET COMPANY, American Standard, TOTO Ltd., GROHE Pacific Pte Ltd, LIXIL Corporation, Monarch Bath Pvt. Ltd., Roca Sanitario, S.A., and Hansgrohe are some of the key players operating globally.
Several companies are focusing on strengthening their trading activities across distant areas. For instance, In June 2021, Geesa introduced the exclusive group of its extremely customizable accessories in the Dezeen Showroom. The collection consists of chrome-plated brass hooks and perpendicular towel rails.
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Polaris Market Research has segmented the bathroom accessories market report on the basis of product, type, and region:
Bathroom Accessories, Product Outlook (Revenue, USD Billion, 2016 – 2028)
- Towel Rack/Ring
- Hook
- Paper Holder
- Grab Bars
- Others
Bathroom Accessories, Type Outlook (Revenue, USD Billion, 2016 – 2028)
- Residential
- Hotels
- Others
Browse detailed report with in-depth TOC – Bathroom Accessories Market
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