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Bathroom Hardware - G20

G20
  • In 2024, the revenue in the Bathroom Hardware market in G20 countries amounts to US$63.36bn.
  • It is projected that the market will experience an annual growth rate of 2.50% from 2024 to 2029 (CAGR 2024-2029).
  • When comparing the global market, the majority of the revenue is generated China, with a value of US$38bn in 2024.
  • In terms of per capita figures, the revenue generated per person in G20 countries is US$17.90 in 2024.
  • In India, the bathroom hardware market is witnessing a surge in demand due to the government's push for improved sanitation facilities.

Definition:

The Bathroom Hardware segment focuses on products designed to enhance the functionality and appearance of bathrooms.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

In-Scope

  • Toilets & toilet seats
  • Shower & bathtubs
  • Bathroom sinks & faucets
  • Bathroom hardware
  • Saunas & spas, bath fans

Out-Of-Scope

  • Bathroom furniture
  • Bathroom accessories
  • Homeware
Bathroom Hardware: market data & analysis - Cover

Market Insights report

Bathroom Hardware: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: Data is shown using current exchange rates. The applied current exchange rates are displayed in the Key Market Indicators below.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Bathroom Hardware market in the DIY & Hardware Store industry in G20 nan has been seeing limited growth due to factors such as low consumer demand and lack of innovation in the market. This has resulted in negligible growth rates in recent years. In spite of this, the market is expected to see a steady growth due to increasing renovation activities and growing demand for eco-friendly and sustainable products.

    Customer preferences:
    Consumers in the G20 countries are placing a growing emphasis on eco-friendliness and sustainability, leading to a rise in demand for eco-friendly bathroom hardware products such as low-flow toilets and water-saving shower heads. This trend is driven by a growing awareness of environmental issues and a desire to reduce water consumption. Additionally, with the rise of DIY culture and home remodeling projects, consumers are increasingly seeking modern and stylish bathroom hardware that aligns with their personal aesthetic preferences. This has prompted hardware stores to expand their offerings to cater to diverse consumer preferences.

    Trends in the market:
    In the G20 countries, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a growing demand for eco-friendly and sustainable products. This trend is driven by increasing awareness about the environmental impact of traditional bathroom hardware and the rise of 'green' consumerism. This shift towards eco-friendliness is expected to continue in the coming years, leading to a surge in the production and adoption of sustainable bathroom hardware. This trend presents opportunities for both manufacturers and retailers to cater to the growing demand for environmentally-conscious products.

    Local special circumstances:
    In the G20, the Bathroom Hardware Market within the DIY & Hardware Store Market experiences a high demand due to the growing trend towards home improvement and renovation projects. However, the market dynamics vary between countries due to unique local factors. For instance, in Japan, the market is driven by the aging population and their demand for accessible and functional bathroom accessories. On the other hand, in South Africa, the market is influenced by the country's water scarcity, resulting in a focus on eco-friendly and water-saving bathroom hardware.

    Underlying macroeconomic factors:
    The Bathroom Hardware Market within the DIY & Hardware Store Market is impacted by several macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. For instance, countries with a strong economy and stable fiscal policies tend to experience higher demand for bathroom hardware, as consumers have more disposable income for home improvement projects. Additionally, global economic trends, such as shifts in consumer spending and fluctuations in currency exchange rates, can also affect the market's performance. Moreover, factors like fluctuations in raw material costs and government policies related to trade and taxes can significantly impact market growth and profitability.

    Methodology

    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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    Bathroom Hardware: market data & analysis - BackgroundBathroom Hardware: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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