The Bathroom Hardware Market in Egypt is currently seeing minimal growth, due to factors such as low consumer awareness and limited availability of online services. The DIY & Hardware Store Market has been impacted by slow economic growth and a lack of innovation in this industry.
Customer preferences: As the public spends more time at home due to the COVID-19 pandemic, there has been a noticeable trend towards DIY home improvement projects. This has led to an increase in demand for bathroom hardware such as showerheads, faucets, and towel bars. Additionally, with an increasing focus on hygiene and cleanliness, there has been a growing preference for touchless bathroom fixtures. This shift towards home improvement and hygiene can be attributed to cultural values placed on personal hygiene and the importance of having a functional and visually appealing bathroom space.
Trends in the market: In Egypt, there is a rising trend of incorporating innovative technology in bathroom hardware, with companies investing in smart toilets and touchless faucets. This trend is driven by the increasing demand for hygiene and convenience among consumers. Additionally, there is a growing focus on eco-friendly solutions, such as water-saving showerheads and energy-efficient bathroom fixtures. These trends are significant in meeting the evolving needs of consumers and are expected to drive growth in the Bathroom Hardware Market within the DIY & Hardware Store Market. Industry stakeholders should focus on offering a diverse range of technologically advanced and sustainable products to stay competitive in the market.
Local special circumstances: In Egypt, the Bathroom Hardware Market within the DIY & Hardware Store Market is greatly impacted by the country's hot and dry climate, leading to a high demand for water-saving and heat-resistant bathroom hardware products. Additionally, the Egyptian government's efforts to promote sustainable living have led to the popularity of eco-friendly bathroom hardware options. Furthermore, the cultural importance of cleanliness in Egyptian society drives the demand for high-quality and durable bathroom hardware products in the market.
Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Egypt is influenced by macroeconomic factors such as economic stability, government policies, and consumer spending. The country's strong economic growth and increasing disposable income have led to higher demand for home improvement products, including bathroom hardware. Additionally, the government's initiatives to promote the DIY sector in order to reduce dependence on imports and stimulate local manufacturing are expected to positively impact the market. Furthermore, rising urbanization and increasing housing construction activities in Egypt are also contributing to the growth of the bathroom hardware market.
Data coverage:
Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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