China Bathroom Accessories Market Size & Outlook, 2020-2028
China bathroom accessories market, 2016-2028 (US$M)
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China bathroom accessories market highlights
- The China bathroom accessories market generated a revenue of USD 2,538.0 million in 2020 and is expected to reach USD 5,615.0 million by 2028.
- The China market is expected to grow at a CAGR of 10.4% from 2021 to 2028.
- In terms of segment, towel rack/ ring was the largest revenue generating product in 2020.
- Towel Rack/ Ring is the most lucrative product segment registering the fastest growth during the forecast period.
Bathroom accessories market data book summary
| Market revenue in 2020 | USD 2,538.0 million |
| Market revenue in 2028 | USD 5,615.0 million |
| Growth rate | 10.4% (CAGR from 2020 to 2028) |
| Largest segment | Towel rack/ ring |
| Fastest growing segment | Towel Rack/ Ring |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Towel Rack/ Ring, Hook, Paper Holder, Grab Bars |
| Key market players worldwide | LIXIL Corp, TOTO Ltd, Kohler, Moen Incorporated, Masco Corp, Bolina Holding, American Specialties Inc., Roca Corporacion Empresarial, Gerber Plumbing Fixtures |
Other key industry trends
- In terms of revenue, China accounted for 14.9% of the global bathroom accessories market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China bathroom accessories market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,241.5 million by 2028.
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Bathroom Accessories Market Scope
Bathroom Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China bathroom accessories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bathroom accessories market will help companies and investors design strategic landscapes.
Towel rack/ ring was the largest segment with a revenue share of 45.25% in 2020. Horizon Databook has segmented the China bathroom accessories market based on towel rack/ ring, hook, paper holder, grab bars covering the revenue growth of each sub-segment from 2016 to 2028.
Residential construction in China is rising due to higher disposable incomes, and population growth. Increasing focus on affordable housing will also fuel the demand for residential construction in the country. The flourishing construction industry in China will lead to the overall growth of the bathroom accessories market in the country.
Non-residential construction will be fueled by domestic spending in the country. An increase in consumer spending for manufactured goods and services, foreign direct investment, government efforts to improve the living standards of people, and accommodative government policies will help propel nonresidential infrastructure.
The COVID-19 pandemic has led to the slow-down of the construction industry in China. This has happened due to the disruption of the supply chain with longer lead times and replenishment cycles in China. The construction industry in China has a positive future but currently, there is a halt in the overall growth of the industry. It will take some time for China to recover from this impact.
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Our clientele includes a mix of bathroom accessories market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China bathroom accessories market, including forecasts for subscribers. This country databook contains high-level insights into China bathroom accessories market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China bathroom accessories market size, by product, 2016-2028 (US$M)
China Bathroom Accessories Market Share, 2020 & 2028 (US$M)
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