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Bathroom Hardware - Lebanon

Lebanon
  • in Lebanon, being a country with a rich history, has a significant presence in the market segment of Bathroom Hardware market.
  • In 2024, the revenue in this market amounts to US$68.15m.
  • Looking ahead, the market is expected to grow annually by 1.14%, representing a Compound Annual Growth Rate (CAGR) from 2024 to 2029.
  • When compared globally, China emerges as the leader in terms of revenue generation, with a staggering US$38bn in 2024.
  • This illustrates the immense scale of China's dominance in the Bathroom Hardware market.
  • To provide a more insightful perspective, it is important to consider the per person revenues in relation to the total population figures.
  • In 2024, each individual in Lebanon generates approximately US$13.06 in revenue within the Bathroom Hardware market.
  • This figure highlights the significance of this market segment for the country and its potential for further growth and development.
  • Lebanon's bathroom hardware market is thriving with a growing demand for luxurious and unique designs.

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 Market in Lebanon has witnessed slow growth due to factors such as limited availability of online services and low consumer awareness. However, the market is expected to gradually pick up pace with increasing demand for affordable and convenient bathroom hardware products.

    Customer preferences:
    In the Bathroom Hardware Market within the DIY & Hardware Store Market in Lebanon, there has been a noticeable increase in demand for eco-friendly and sustainable products. This shift is driven by a growing awareness and concern for environmental issues among Lebanese consumers. Furthermore, there is a rising demand for products with multi-functionality, as consumers seek to maximize the limited space in their homes. This trend is also influenced by the cultural value of resourcefulness and practicality in the Lebanese society.

    Trends in the market:
    In Lebanon, there has been a shift towards environmentally friendly and sustainable bathroom hardware products within the DIY & Hardware Store market. This trend is driven by increasing consumer awareness and demand for eco-friendly solutions. As a result, suppliers and retailers are offering a wider range of energy-efficient, water-saving, and biodegradable bathroom hardware options. This trajectory is significant as it aligns with Lebanon's national goal of promoting sustainable living. However, it also presents challenges for industry stakeholders who must adapt to changing consumer preferences and invest in new product offerings and marketing strategies to remain competitive in the market.

    Local special circumstances:
    In Lebanon, the Bathroom Hardware Market within the DIY & Hardware Store Market is heavily influenced by the country's political and economic situation. Due to ongoing conflicts and instability, consumer spending on home improvement is often limited, leading to a slower growth of the market compared to other regions. Additionally, the country's unique cultural and religious beliefs play a role in the types of bathroom hardware that are in demand, as well as the prevalence of local suppliers and manufacturers in the market. These factors contribute to a distinct market dynamic that sets it apart from other regions.

    Underlying macroeconomic factors:
    The Bathroom Hardware Market within the DIY & Hardware Store Market in Lebanon is influenced by macroeconomic factors such as economic stability, consumer confidence, and government spending. The country's relatively stable economic condition, coupled with increasing urbanization and household incomes, is driving demand for home improvement and renovation products. However, the recent economic slowdown and political instability have led to a decline in consumer spending, impacting the growth of the market. Additionally, the government's policies related to subsidies and taxes on imported goods also play a significant role in shaping the market's performance.

    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.

    Consumer

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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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