The Asia-Pacific bathroom accessories market is anticipated to grow significantly at a CAGR of 8.6% in the forecast period (2021-2027). China, India, Japan, and South Korea are the key economies contributing to the growth of the Asia-Pacific bathroom accessories market. The key aspect that drives the market growth includes rapid evolution in end-user industries such as healthcare, BFSI, hotels and tourism, and other end-user industries. During the COVID-19 pandemic, the market witnessed a negative impact due to the shutdown of key companies operating in the region.
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However, advancement in technologies such as the increase in adoption of smart bathrooms due to change in lifestyle of people and rise in awareness among people related to hygiene is expected to create growth opportunities for the market players in the forecast period. In addition to this, India and China come among the top 3 countries of the world having the maximum number of houses. Further, the increase in population will lead to the need for more houses which will eventually lead to an increase in the use of bathroom accessories.
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A large number of the population are reliable to water and not toilet paper in these major economies, so the paper holder segment is estimated to have a slow growth rate in the forecast period. However, government initiatives to increase awareness among people for not wasting water is expected to create opportunity in this segment in the forecast period.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
o By Product
o By End-User
- Regions Covered – Asia-Pacific
- Competitive Landscape- Bolina Holding Co., Ltd., Brilloca, Ltd. (Hindware Homes), Dyson Technology India Pvt. Ltd., Monarch Bath Pvt. Ltd., Wesmo Industries Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Bathroom Accessories Market Report Segment
By Product
- Towel Rack/Ring
- Hook
- Paper Holder
- Grab Bars
- Others
By End-User
- Residential
- Commerical
- Others
Company Profiles
- Bobrick Washroom Equipment, Inc.
- Bolina Holding Co., Ltd.
- Brilloca, Ltd. (Hindware Homes)
- Dyson Technology India Pvt. Ltd.
- Frost Products, Ltd.
- Jaquar Group
- Kohler Co.
- Monarch Bath Pvt. Ltd.
- Toto, Ltd.
- Wesmo Industries Ltd.
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