Latest News- Bathroom Accessories Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Bathroom Accessories Market is being driven by Growing awareness about sanitary and personal hygiene

The Bathroom Accessories Market is expected to grow at a CAGR of 6.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8311.5 million. The bathroom accessories market is witnessing a significant shift towards smart technology, with the emergence of smart bathrooms gaining popularity. These advanced bathrooms are equipped with digital accessories that offer enhanced functionality and convenience. Smart bathroom accessories, such as digital faucets, can be controlled via voice commands or motion detection, enabling users to manage lighting, temperature, and security through their smartphones and other devices. Digital faucets, a key component of these systems, incorporate features like digital temperature control settings and touchless technology, utilizing infrared tap sensors that detect the presence of hands and regulate water flow accordingly. These innovations not only add a modern touch to bathrooms but also contribute to water and energy conservation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Application
  • Residential
  • Commercial
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing awareness about sanitary and personal hygiene
• Increase in the availability of private-label brands
• Growth of the organized retail sector

However, the market also witnesses some limitations, which are as follows:

• Long product replacement cycle
• Competition from unorganized sector
• Increasing criticality of inventory management

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Market Scope in Bathroom Accessories Market Research Report

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Research Analysis Overview

The bathroom accessories market encompasses various products that enhance the functionality and aesthetics of home remodeling projects. These include plumbing fixtures like towel racks, heated towel rails, and luxury items such as hand basins, taps, and tissue holders. Other essentials like paper holders, trash cans, bathroom fittings, and sanitary ware are also part of this market. Water conservation and aesthetic preferences play a role in the selection of products like sinks, toilets, showers, bathtubs, bidets, and bathroom basins. Accessories such as towel hangers, pipework, and water conservation systems complete the offerings in this sector. Taps, washbasins, and sinks are essential components of bathrooms, making hand washing a more pleasant experience. Tissue World Magazine covers the latest trends and innovations in this market.

Market Research Overview

The bathroom accessories market is a significant segment of the larger global housewares and specialties market, which encompasses various product categories, including plumbing fixtures, towel racks, heated towel rails, luxury bathroom products, hand basins, taps, paper holders, and trash cans. According to Technavio, the household durables market size is determined by the consolidated revenues of manufacturers in this sector, which includes household appliances, houseware and specialties, leisure products, and consumer electronics. Factors fueling the expansion of the houseware and specialties market include the introduction of bathroom accessories with innovative designs and vibrant colors, as consumers express a growing preference for stylish and distinctive products for their modern bathrooms. This trend is further amplified by the ongoing home remodeling wave, particularly in developed regions. In line with this, leading industry publications, such as Tissue World Magazine, continue to showcase the latest bathroom product offerings and trends, further driving demand for these accessories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/