Market Size of Sanitaryware Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 53.59 Billion |
| Market Size (2029) | USD 74.80 Billion |
| CAGR (2024 - 2029) | 6.89 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sanitaryware Market Analysis
The Sanitaryware Market size is estimated at USD 53.59 billion in 2024, and is expected to reach USD 74.80 billion by 2029, growing at a CAGR of 6.89% during the forecast period (2024-2029).
The sanitaryware market has been growing with the growing residential, commercial, and infrastructure construction projects, which are fueling up the residential and commercial applications across the region. According to the Unicef and WHO (World Health Organization) statistics, over half of the global population still lacks safe sanitation and at least 2 billion people use a drinking water source contaminated with faeces. To end this, several NGOs (Non-Government Organizations) along with the help of WHO, the World Bank are running campaigns and are building toilets in several rural and under-developed areas to offer people safe sanitation. This has been helping the market to spread to the niche segments and record more transactions over the review period.
On the other hand, customer's increasing concerns over personal hygiene are also driving the key market players to focus on ways to make a differentiation in the products offered by them, in order to attract more customers and to increase their market shares. In addition, the improving economic situation, rise in disposable income, and growth rate of urbanization in the developing nations, are expected to fuel the growth further.
The sanitaryware market has recorded a mixed trend during the past year (2020) owing to the COVID-19 outbreak which resulted in several disruptions in manufacturing, importing and exporting, and transportation. The pandemic also affected the economic situation of several customers and resulted in delays in the construction projects as the majority of days (months in some countries) were spent in lockdowns and the following stay at home to stay safe protocols.
