Global Ceramic Sanitary Ware Market Report 2024: Size, Drivers, And Top Segments
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The ceramic sanitary ware market has experienced strong growth, increasing from $34.67 billion in 2023 to $37.21 billion in 2024, with a compound annual growth rate (CAGR) of 7.3%. The historical growth is attributed to factors such as urbanization, housing development, improvements in living standards, water conservation and sustainability, and a rise in disposable income, all contributing to changing consumer preferences. Projecting into 2028, the market is expected to sustain strong growth, reaching $49.35 billion at a CAGR of 7.3%. Anticipated growth drivers in the forecast period include shifts in consumer lifestyles and preferences, regulatory emphasis on standards, expansion in emerging markets, and economic development coupled with rising disposable income. Major trends in the forecast period include the introduction of smart and connected fixtures, customization and personalization, sustainable and eco-friendly solutions, integration of health and hygiene features, innovation in materials and finishes, as well as the adoption of smart and IoT-integrated products.
The ceramic sanitary ware market is poised for growth, driven by the rising demand in the construction and building sectors. Ceramic sanitary ware plays a crucial role in maintaining cleanliness in homes, businesses, and other structures within the construction industry. The surge in demand for construction and building projects significantly boosts the demand for ceramic sanitary ware. For instance, Canada’s national statistical agency reported a substantial increase in investment in building construction from $14,294 million in April 2019 to $19,273 million in 2020. Similarly, the 2022 U.S. Construction Cost Trends report highlighted a 16% increase in total construction spending since the onset of the pandemic. Hence, the escalating demand in the construction and building sectors drives the growth of the ceramic sanitary ware market. The market size for 2023 indicates promising growth, with expectations of further expansion by 2024 and a significant projection by 2028.
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What Are The Key Trends That Influence Ceramic Sanitary Ware Market Share Analysis?
The introduction of technologically advanced products is a key trend gaining popularity in the ceramic sanitary ware market. Major companies operating in the market are developing products with advanced technologies to sustain their position in the ceramic sanitaryware market. For instance, in April 2023, Somany Ceramics, an India-based company that manufactures and sells tiles, sanitary ware, and bath fittings, launched an All-New Range Of Smart Sensing Sanitary and Toilet Products. Featuring touchless operation, adjustable water pressure, self-cleaning technology, and diverse faucet options, these products address hygiene concerns while providing comfort in various washroom environments. These advanced features contribute to the ceramic sanitary ware market by revolutionizing bathroom spaces, offering enhanced convenience, safety, and hygiene for customers, thereby driving the demand for these cutting-edge solutions.
Which Market Players Are Driving Growth In The Ceramic Sanitary Ware Market?
Major companies operating in the ceramic sanitary ware market report are Siam Cement Group Public Company Limited, LIXIL Corporation, Kohler Co., TOTO Ltd., Foshan Huida Bathroom Co. Ltd., Geberit AG, Lecico Egypt S.A.E., Roca Sanitario S.A., American Standard Brands, Hansgrohe SE, Villeroy & Boch AG, Porcelanosa S.A., R.A.K. Ceramics, Duravit AG, Duratex S.A., Jaquar & Company Private Limited, Kajaria Ceramics Limited, Simpolo Ceramics, Somany Ceramics Limited, Cersanit S.A., Sonex Ceramic Pvt. Ltd., Cotto Tile, Ideal Standard International SA, Eros Sanitaryware, Grohe AG, Laufen Schweiz AG, Eczacibasi Yapi Ürünleri, KERAMAG GmbH, Inax Corporation, El Molino Cerámica
How Is The Global Ceramic Sanitary Ware Market Segmented?
The ceramic sanitary ware market covered in this report is segmented –
1) By Product Type: Washbasin and Kitchen Sinks, Faucets, Water Closets, Bathtubs, Bidets, Urinals, Other Product Types
2) By Technology: Slip Casting, Spagless, Jiggering, Pressure Casting, Isostatic Casting, Other Technologies
3) By Distribution Channel: Online, Offline
4) By End Use: Commercial, Residential
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The Ceramic Sanitary Ware Global Market Report 2024 provides an overview of the ceramic sanitary ware market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ceramic sanitary ware market forecast analyzes ceramic sanitary ware market size, ceramic sanitary ware market share, leading competitor and their market positions.
The Table Of Content For The Ceramic Sanitary Ware Market Include
1. Ceramic Sanitary Ware Market Executive Summary
2. Ceramic Sanitary Ware Market Segments
3. Ceramic Sanitary Ware Market Size And Template Market Growth Rate
4. Key Ceramic Sanitary Ware Market Trends
5. Major Ceramic Sanitary Ware Market Drivers
……
25. Key Mergers And Acquisitions In The Ceramic Sanitary Ware Market
26. Top Ceramic Sanitary Ware Companies
27. Ceramic Sanitary Ware Market Opportunities And Strategies
28. Ceramic Sanitary Ware Market, Conclusions And Recommendations
29. Appendix
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