Market Size of Asia Pacific Bath Fitting Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Bath Fitting Market Analysis
The Asia Pacific Bath Fitting Market is growing rapidly owing to the development in the residential construction sector and renovations. Additionally, actors attributing to this growth are increasing disposable income, space constraint issues in houses, and rising levels in lifestyle. Due to modernization and urbanization, the demand for bath fittings is increasing in the country with a CAGR of 7% over the forecast period. The market for bathroom fittings in Asian Pacific seems to be unorganized. Industry leaders in the organized segment are progressively scaling their production capacities, upgrading their manufacturing processes, and focusing on innovative technologies, to produce ergonomically convenient designs, to keep up with the changing tastes of the consumers.
The COVID 19 pandemic has been severely affecting various businesses in Asia Pacific countries including the bathroom fittings industry. Categories like sanitaryware and bathroom fixtures are largely classified as discretionary spending and have witnessed a deferment of demand due to an expected decline in renovation/refurbishment activity in the near term due to the COVID-19 outbreak.
The growing awareness of opting for good sanitary ware products due to their various health and hygienic benefits is acting as a major factor that is driving the growth of the sanitary ware market and bath fitting market. Several government initiatives and improvement programs to develop and upgrade the sanitary ware infrastructure are acting as a major factor that is creating an opportunity for the growth of the bath fitting market.
