Bathroom Accessories Market Size to Grow by USD 5.67 Bn, Growing Awareness about Sanitary and Personal Hygiene to Boost Market Growth – Technavio – Yahoo Finance

NEW YORK, Oct. 11, 2022 /PRNewswire/ — The “Bathroom Accessories Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the bathroom accessories market size between 2021 and 2026 is USD 5.67 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Technavio has announced its latest market research report titled Global Bathroom Accessories Market 2022-2026

Key Market Dynamics

  • Market Driver: The growing awareness about sanitary and personal hygiene is one of the key factors driving the market growth. Poor sanitary hygiene is a major cause of death, accounting for 60% of the total number of deaths caused by diarrhea each year, according to the World Health Organization (WHO). Good sanitary and personal hygiene are important for leading a healthy life, which is increasing the demand for bathroom accessories and bathroom linen. The demand for hygienic bathroom accessories such as antimicrobial toilet seats is also driving the market growth. Thus, the growing awareness about maintaining personal and sanitary hygiene will increase the demand for bathroom accessories in healthcare centers, educational institutions, and offices during the forecast period.

  • Market Challenge: The long product replacement cycle will challenge market growth. High-quality, branded bathroom and toilet assist devices such as bathroom sinks, shower units, toilets, towel rails, and rings and hooks do not need to be replaced frequently. For instance, Kohler’s Composed Tall is made from premium stainless-steel metal that does not wear easily and is resistant to corrosion and tarnishing. Major manufacturers also offer product warranties and guarantees, which further expand the product lifespan. This, in turn, reduces the repeat purchase of bathroom accessories. Thus, the long replacement cycle for bathroom accessories affects their sales, which challenges the growth of the market.

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Market Landscape

The global bathroom accessories market is fragmented, with many organized and unorganized players. Hence, there is high competition in the market. Vendors are deploying organic and inorganic growth strategies to compete in the market. Sales of bathroom accessories from the organized sector are expected to increase during the forecast period owing to the increasing demand for branded and high-quality products. Vendors operate in both domestic and foreign markets. Foreign players have established their own subsidiaries or have distribution partnerships with regional players.

Market Segmentation

The bathroom accessories market report is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). APAC will be the leading region with 38% of the market’s growth during the forecast period. China and Japan are the key countries for the bathroom accessories market in APAC.

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