• Wed. May 18th, 2022

Ceramic Sanitary Ware Market to Record a CAGR of 8.71% by 2025 | Evolving Opportunities with Colavene Spa & Doshi Ceramic Industries | 17000+ Technavio Reports | National News

NEW YORK, Jan. 13, 2022 /PRNewswire/ — 71% of the ceramic sanitary ware market growth will originate from APAC. China, India, US, Brazil, and Japan are the key markets for the ceramic sanitary ware market in APAC.  APAC has been exhibiting a significant growth rate for ceramic sanitary ware market vendors. Factors such as the increased expenditure on toilets (particularly upgrades of toilets) and the expansion of manufacturing facilities of leading ceramic sanitary ware manufacturers in APAC are accelerating the ceramic sanitary ware market growth. The ceramic sanitary ware market is set to grow by USD 17.76 billion at a CAGR of  8.71% from 2020 to 2025, according to the latest research report from Technavio. 

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The ceramic sanitary ware market covers the following areas:

Ceramic sanitary ware market – Driver

The key factor driving growth in the ceramics sanitary ware market is the increasing expenditure on bathroom remodeling. The average amount spent on bathroom products has rapidly grown in both emerging and developed economies over the past five years. Consumer expenditure on luxury bathrooms is also increasing. Among the overall expenditure on bathroom products, ceramic sanitary ware equipment accounts for around 30%-40% of the costs incurred. The other macro-level factors driving the rising average expenditure on bathrooms in emerging countries are rapid urbanization, changing consumer lifestyles, and the recent developments in the field of interior decoration. Thus, the increased spending on bathroom equipment for better ergonomics is expected to be one of the key drivers for the global ceramic sanitary ware market.

Ceramic sanitary ware market – Challenge

The crawling defects of ceramics will be a major challenge for the ceramics sanitary ware market. Ceramic sanitary ware products are glazed with vitreous substances to obtain a glossy finish. A crawling defect is caused because of various factors such as glazing the ware when it is hot, when the sanitary ware is moist, due to the presence of foreign materials (dust, oil, and grease) over the sanitary ware, and the poor quality of the glaze. Thus, the finishing of the sanitary ware is affected. During the quality check, units with crawling defects are sent to the re-firing stage to rectify the defect. This is time-consuming and affects the production batch outcome. Crawling defects increases the total expense for the manufacturer in terms of manufacturing cost and logistics cost and is expected to be one of the key price challenges for the global ceramic sanitary ware market.

Ceramic sanitary ware market – Segmentation & Revenue Generating Segment

The Ceramic Sanitary Ware Market is segmented by Product (Ceramic washbasins, Ceramic wash closets, Ceramic cisterns, and Others) and Geography (APAC, Europe, North America, MEA, and South America). The ceramic sanitary ware market share growth by the ceramic washbasins segment will be significant for revenue generation. The key factors driving the growth of ceramic washbasins are their utilitarian purpose and recent design innovations such as designer washbasins.

Technavio report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

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Companies Mentioned

The ceramic sanitary ware market is fragmented and the vendors are deploying growth strategies such as expanding their global presence by establishing new manufacturing plants overseas and launching differentiated products to gain a competitive advantage.

  • CERA Sanitaryware Ltd.
  • Duravit AG
  • Geberit AG
  • HSIL Ltd.
  • Kohler Co.
  • LIXIL Corp.
  • R.A.K Ceramics PJSC
  • Roca Sanitario SA
  • Toto Ltd.
  • Villeroy and Boch AG

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Ceramic Sanitary Ware Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.71%

Market growth 2021-2025

USD 17.76 billion

Market structure

Fragmented

YoY growth (%)

7.51

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 71%

Key consumer countries

China, India, US, Brazil, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CERA Sanitaryware Ltd., Duravit AG, Geberit AG, HSIL Ltd., Kohler Co., LIXIL Corp., R.A.K Ceramics PJSC, Roca Sanitario SA, Toto Ltd., and Villeroy and Boch AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio