Bathroom Hardware - Romania

Romania

Highlights

In Romania, the revenue generated in the Bathroom Hardware market in 2024 amounts to US$196.00m.
It is projected to experience an annual growth rate of 4.86% (CAGR 2024-2029).
When comparing globally, China generates the highest revenue in this market, with US$38bn in 2024.
In terms of per person revenues, in Romania generates US$9.99 in 2024.
Romania's demand for stylish and eco-friendly bathroom hardware is on the rise, with consumers increasingly prioritizing sustainability and aesthetics in their home renovations.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

In Romania, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing minimal growth due to various factors such as low consumer awareness and limited access to online services. Despite this, there is potential for growth in the future.

Customer preferences: As consumer lifestyles become more fast-paced and space-efficient, demand for compact and multi-functional bathroom hardware has increased. Consumers are looking for products that save both space and time, with features such as built-in organizers and quick installation systems. Additionally, environmental concerns are sparking a trend towards sustainable bathroom hardware that is durable and water-saving, reflecting a growing interest in eco-friendly solutions for everyday living.

Trends in the market: In Romania, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a surge in digital shopping, with more consumers turning to e-commerce platforms for their home improvement needs. This trend is expected to continue as the Romanian government has implemented stimulus packages to encourage online buying. As a result, hardware stores are investing in online platforms and expanding their product offerings to cater to the increasing demand. This presents opportunities for industry stakeholders to innovate and adapt to the changing landscape, while also highlighting the need for a strong online presence and digital marketing strategies.

Local special circumstances: In Romania, the Bathroom Hardware Market within the DIY & Hardware Store Market is influenced by the country's high urbanization rate and increasing consumer spending. This has led to a surge in demand for modern, efficient and aesthetically pleasing bathroom fixtures. Additionally, the country's strict building codes and regulations for bathroom construction play a significant role in dictating the types of hardware that are in demand in the market. This unique combination of factors creates a highly competitive and dynamic market for bathroom hardware in Romania.

Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Romania is heavily impacted by macroeconomic factors, such as the country's economic health and fiscal policies. With the global economy in a state of uncertainty, consumer spending on home improvement products may decrease, leading to slower market growth. However, the government's efforts to boost the construction industry and stimulate disposable income may drive demand for bathroom hardware. Additionally, the rise in DIY culture and the growing trend towards affordable home renovations may also positively impact market growth.

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.