Market revenue in 2020 | USD 203.8 million |
Market revenue in 2028 | USD 386.5 million |
Growth rate | 8.3% (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 |
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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 44.8% in 2020. Horizon Databook has segmented the UAE 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.
Construction policy reforms and government bid to diversify the country’s economy have led to a boost in investments, particularly in affordable housing, hospitality, and commercial real estate spaces. As a global trade hub, the UAE has a large expat population living in the emirates of Dubai, Abu Dhabi, and Sharjah, where the construction sector is characterized by growing high-end residential housing.
The UAE has a GDP per capita of USD 43,100 and a population whose median age is 32.6 years, opening up immense opportunities for residential and mixed-used construction projects targeting first-time homeowners. The country currently has a homeownership rate of 26% for the age group of 18 to 36 years.
In order to increase home affordability, the government of UAE has introduced various regulatory reforms that consequently cut down housing costs by 3.9% (according to the Statistics Centre of Oxford Business Group).
Horizon Databook provides a detailed overview of country-level data and insights on the UAE bathroom accessories market, including forecasts for subscribers. This country databook contains high-level insights into UAE bathroom accessories market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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