Market Size of Concealed Cistern Industry in India
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Concealed Cistern Market Analysis
India Concealed Cistern Market is poised to grow at a CAGR of over 5% during the forecast period.
Concealed cistern contributes to a cleaner, more minimalist style bathroom that's both easy to maintain and effortlessly stylish, and instead of being on display, they are concealed. With India aiming toward a defecation-free India, the share of India's population with access to a household toilet has increased from 84.3% in 2017-18 to almost 100% in 2020. A total of 110 million household toilets were built between 2014-20. This increase in the use of toilets creates an opportunity for concealed cisterns and creates innovations in the toilet market.
During the first covid wave in 2020, the contraction in economic growth was driven primarily by supply disruptions due to a prolonged nationwide lockdown. Real estate, as well as the utility market used in kitchens and bathrooms including concealed cisterns, observed a sudden decrease in demand. Housing affordability of people declines with a reduction in discretionary income.
The market size of the real estate industry is continuously increasing since 2017, with a revenue of around USD 220 bn in 2021. Cities with the maximum construction of new residential property in India during 2021 are Mumbai metropolitan, Pune, Hyderabad, NCR and Bengaluru. With these cities generating maximum revenue and formal employment, they will create a market for concealed cistern.
