India Sanitary Ware Market Worth USD 665.36 Million In 2020
Published | March 2021
According to BlueWeave Consulting, India
sanitary ware market worth USD 665.36 Million in 2020 and is further projected to reach
USD 1074.71 Million by 2027, growing at a CAGR of 7.38% during the forecast period
2021-2027. The market is primarily supported by the growing advancement in technology, rising awareness regarding hygiene, and different schemes launched
by the government of India. Rising demand of more houses in rural as well as urban
area across the country also contribute in market growth.
Toilet Sink/Water Closet Segment Expected To Dominate The Sanitary Ware Market
Toilet sink/water closet segment anticipated having the largest share. In addition, toilet sink/water closet segment anticipated to dominate the India market across the region during the forecast period, due to the increasing consumer demands for replacing traditional sanitary products. Rising investments by the government in the infrastructural development and schemes launched by the government like a swatch Bharat Abhiyan to improve the sanitation across the of country propel market growth during the forecast era. The aforementioned factors lead to enhance the demand for tiles, toilets and sinks in the sanitary ware market.
Growth In The Real Estate Anticipated To Drive The IndiaSanitary Market During The Forecast Period
The rise in real estate estimated to create an opportunity for the India sanitary ware market across the region during the forecast period. The increasing population and the rapid urbanization play a crucial role, which is fueling the real estate industry. Real estate is experiencing faster growth in developing economies, as such economies provide more opportunities for investors due to rapid urbanization and growing income levels. As per the India brand equity Foundation (IBEF), the real estate industry is the second-largest in India, in terms of employment opportunities, following agriculture.
Residential Segment Expected To Dominate The End-User Segment In IndiaSanitary Ware Market During The Anticipated Period.
Residential segment anticipated having the largest share in the market, owing to the infrastructural development across the emerging metro in India. In addition, the expansion of middle-class income groups across India is also projected to propel the market. However, the commercial segment expected to grow at the fastest rate during the forecast period, which estimated to drive the India sanitary ware market across India.Due to rise in the infrastructure development coupled with urbanization, owing to this there is need for constructing of sanitation facilities in homes to maintain proper hygiene and cleaning in the surrounding is driving the market
India Sanitary Ware Market: Regional Insights
India sanitary ware market is segmented into four regions east India, north India, south India, west India wherein, south India account for the highest share followed by North India is expected to be the largest and fast-growing market, due to high investments by industrialists in south India. Many automotive, electronics and chemical industries are being set up in south India which is driving the market.
The leading players In The Market
Hindustan Sanitary Ware India Limited, Jaquar and Company Private Limited, Kohler India Corporation Private Limited, Roca Bathroom Products Private Limited, DuravitIndia Private Limited, H. & R. Johnson (India) TBK Limited, CeraSanitaryware Limited, Somany Sanitary Ware Private Limited, Toto India Industries Private Limited, NeycerIndia Limited and Other prominent players The market players compete on the basis of the given product quality and the new and cost-effective manufacturing process, which can give them better yield and optimize the process for more and better production.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India's sanitary ware market size & forecast. The report promises to provide recent technology trends of India sanitary ware market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges and competitive dynamics of the market.
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