Bathroom Accessories Market to reach USD 45.64 Bn by 2030, growing at a CAGR of 9.7 percent and forecast (2023-2030)

Bathroom Accessories Market to reach USD 45.64 Bn by 2030, growing at a CAGR of 9.7 percent and forecast (2023-2030)
Bathroom Accessories Market
Bathroom Accessories Market is segmented into Bathroom Accessories Product Type, Material Type, End-User, and Region. For the estimation of the Bathroom Accessories Market size, the bottom-up approach was used.

Stellar Market Research, an international business & consultancy firm has recently published a research report on the “Bathroom Accessories Market”. The total global market for the “Bathroom Accessories Market” was valued at USD 23.87 Bn in 2023 and is expected to grow at a CAGR of 9.7 percent over the forecast period to reach USD 45.64 Bn by 2030.

Market Size in 2023: USD 23.87 Billion

Market Size in 2030: USD 45.64 Billion

CAGR: 9.7 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 220

No. of Tables: 138

No. of Charts and Figures: 191

Segment Covered: By Product and End-Users

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Bathroom Accessories Market Report Scope and Research Methodology

The report provides dynamics of the Bathroom Accessories Market such as drivers, restraints, opportunities, and threats. The market is segmented into major regions: North America, Europe, Asia Pacific, The Middle East and Africa, and South America. The report also covers a strategic study of key market players in the marketThe Bathroom Accessories Market report presents the key player’s in-depth analysis of the industry, including company profile, revenue, product specifications, technology development and product sales, price, and gross margin sales. The market overview of the industry and market development of Bathroom Accessories is given in the report. The SWOT analysis was used to study the strengths and weaknesses of the Bathroom Accessories Market. The bottom-up approach was used to estimate the Bathroom Accessories Market size.

Bathroom Accessories Market Overview

Bathroom accessories serve the purpose of enhancing the functions, comfort, and aesthetic look for a bathroom.  The involvement of smart Tech, and advancements in tools the bathroom accessories market offers exciting paths to create bathrooms that are both practical and visually appealing. Increasing luxurious residences, a shift towards more convenient and efficient bathroom experiences for consumers drive the market.

The advancement in drone technology to boost market growth

Bathroom accessories are being used commercially across the world. The adoption of bathroom accessories for several applications such as Smart Toilets, Sensor-Activated Faucets, Digital Shower Systems, Anti-Bacterial Surfaces, etc. The Sensor-Activated accessories are the essential part and the increasing use of the advanced sensor in this component is the main influencing part of the market growth. Government initiatives and R&D activities in bathroom accessories are expected to boost the market over the forecast period. Efficient and Hygiene Sensor-activated nozzles are main in current bathrooms, hands-free operation and water conservation benefits. These nozzles use motion sensors that detect hand movements, so the users control water flow without touch the handle. In addition to promoting hygiene, sensor-activated outlets help reduce water wastage by automatically closing when not in use.

In North America, the Bathroom Accessories Market is expected to grow at a CAGR of 8.5 percent over the forecast period

The United States led the Bathroom Accessories Market with the largest market share in 2023 and is expected to maintain its position in the North America region during the forecast period. The market growth is driven by the increasing use of Accessories in educational institutions and Residences are key factors that are expected to fuel the market in the region.

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Bathroom Accessories Market Segmentation

Based on the Product Type, the Towel racks/rings segment to dominate the Bathroom Accessories Market over the forecast period

In 2023, the Towel racks/rings accounted for the global market share and is expected to grow at a significant CAGR over the forecast period. These factors are responsible for the segment growth in the market. Designed to be wall mounted Towel rings accounted for the largest portion of sales, and capturing the total market. The consumers showed a strong preference for wall-mounted towel rings over other types such as countertops or freestanding options.

Based on Material Type, the ceramic material segment accounted for the Bathroom Accessories Market share in 2023  

The Ceramic Material segment is expected to grow at a significant CAGR during the forecast period in the market. Key features and popularity of different designs, shapes, and colours are creating a high demand for Ceramics and are expected to boost the bathroom accessories market growth. 

Based on End-User, the Residence segment to dominate the Bathroom Accessories Market over the forecast period in 2023

In 2023, the Residence segment held the largest market share and is expected to withstand its dominance in the forecast period.

A momentous trend in consumer behavior for choice and preferences toward bathroom accessories that are space-saving, handy, and aesthetically attractive are considering their purchase decisions and these factors are expected to fuel market growth in the future.

By Product Type:

  • Towel Rack/Ring
  • Hook
  • Paper Holder
  • Grab Bars
  • Others

By Material Type:

  • Ceramic
  • Metal
  • Glass
  • Others

By End-User:

  • Residential
  • Commercial
  • Institutional

Bathroom Accessories Market’s Key Players include:

  • Kohler
  • Bradley Corporation
  • American Standard
  • Moen Incorporated
  • Gerber Plumbing Fixtures LLC
  • Jacuzzi Brands LLC
  • Sloan Valve Company
  • American Bath Group
  • Masco Corp
  • Jaquar
  • Roca Sanitario, S.A.
  • Hansgrohe
  • Duravit
  • Villeroy & Boch
  • Oras Ltd.
  • Geberit AG
  • Cera Sanitaryware Ltd.
  • Huida Sanitary Ware
  • LIXIL Corporation
  • TOTO

Key questions answered in the Bathroom Accessories Market are:

  • What are Bathroom Accessories?
  • What was the Bathroom Accessories Market size in 2023?
  • What is the expected Bathroom Accessories Market size by 2030?
  • What is the growth rate of the Bathroom Accessories Market?
  • What are the key benefits of the Bathroom Accessories Market?
  • What are the new trends in Bathroom Accessories?
  • What is the driving, opportunity, and restraining factors in the global Bathroom Accessories Market?
  • Which are the factors expected to drive the Bathroom Accessories Market growth?
  • Which factors are expected to restrain the Bathroom Accessories Market growth?
  • Which segment dominated the Bathroom Accessories Market growth?
  • What is the demand pattern for the Bathroom Accessories Market?
  • Which region held the largest share of the Bathroom Accessories Market?
  • Who are the key players in the Bathroom Accessories Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023 −2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Product Type, Material Type, End-User, Application and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is a leading Consumer & Retail research firm that has also published the following reports:

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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