Market Trends of Asia Pacific Bath Fitting Industry
This section covers the major market trends shaping the APAC Bath Fitting Market according to our research experts:
Rising Urbanization and Consumer Spending
Urbanization is one of the key factors enabling and driving the demand transformation, as the consumers are demanding eco-friendly bath fittings, new technological faucets, Showers, etc. Asia-Pacific is a region where the urbanization diverse with each country like many are still to urbanize like Pakistan, Bangladesh, India, there is a surplus demand of bathroom fixtures, fittings, and others. The Consumer spending in housing and housing renovation in the region has been increasing steadily over the last few years accounting for USD 640.6 in 2019, USD 654.1 in 2020, and USD 746.2 for 2021.
Growing Consumption Rate of Copper And Zinc
The Asia Pacific is experiencing a huge demand for copper and zinc. Furthermore, Countries like India are experiencing an increase in Housing repair and private house construction activities wherein there is a huge demand for Faucets that are commonly made of copper and zinc. This surge in consumption of zinc and copper can be collectively pushed due to a surge in demand for Faucets, showers, etc. Further, the prices of copper and zinc are also witnessing a decline in countries like India and other APAC proportionately pushing demand and consumption of Copper and Zinc. Declining price supports the demand of Faucets manufacturers.
