Increase in Concerns Related to Health & Hygiene Expected to Drive World Sanitary Metal Ware Market over the Forecast Period: Ken Research
Sanitary Metal Ware refers to the metal decorations inside the bathroom. It includes showers, floor drain, faucets, towel racks, gla platform, basket, toilet paper holder, and so on in bathroom use. It is available for the space bathing, residents defecate, washing & other daily health activities. It is made in various colors as per the requirement. It comes in numerous designs and variety of shapes & sizes, which provide great convenience. Its price varies widely owing to differences among sanitary metal ware pendant, functions and style. It is cost-effective, bear heavy load (more than 40 kg), useful for the long run, excellent resistance to chemical attacks, and easily cleaned due to its glossy surface properties.
According to study, “World Sanitary Metal Ware Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world sanitary metal ware market are LIXIL Group Corporation, Paini, Kohler, Hansgrohe, Pfister, Masco Corporation (Delta Faucet Company), Grohe, Zucchetti, Roca, Hansa bath, MOEN, KWC, HCG, Damixa ApS bath, Dornbracht, Huayi, Lota, Jomoo, Hhsn, Joxod, Aoleishi, Dongpeng, Joyou, Sunlot, Yatin, Flova. Key companies are increasingly focusing on developing innovative & long lasting sanitary metal wear to gain an edge over competitors. Companies are also coming up with attractive colors & designs to penetrate sanitary metal ware market.
Based on product type, sanitary metal ware market is segmented into faucets, showers, floor drains, toilet paper holders, glass platforms, towel racks, and sanitary pendants. Sanitary pendants segment is further sub-segmented into paper holder and towel rack. Based on sales channel, market is segmented into distribution channel and direct channel. In addition, based on application, market is segmented into household, real estate project, commercial and others.
The sanitary metal ware market is driven by rise in construction activities in developing countries, followed by surge in availability of abundant raw materials, increase in concerns related to health & hygiene, rise in disposable income of consumers, healthy lifestyle, rise in demand for concept bathroom, growth in requirement of personal space & privacy among people, expansion in residential sector, surge in urbanization, strong replacement demand and growth in shift from unbranded products to branded products. However, stringent government regulations, low replacement rates and environmental concerns may impact the market. Moreover, supportive government initiatives for infrastructure development both in rural and urban areas is a key opportunity for market.
Based on geography, China and North-America hold major share in sanitary metal ware market owing to increase in population and rise in gross domestic product (GDP) in the regions. China country is a top exporter of sanitary metal ware. Europe is expected to witness higher growth rate due to development in bathroom accessories and frequent usage of sanitary metal ware over the forecast period. It is anticipated that the market will be reached at rapid pace on account of new water saving technologies & sustainable material during the forecast period. The worldwide market is estimated to grow at a CAGR of approximately 14.9% over the next five years, will reach US $4260 million in 2024, from US $1850 million in 2019.
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Ankur Gupta, Head Marketing & Communications