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India Sanitary Ware Market Bwc20088

India Sanitary Ware Market Bwc20088

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India Sanitary Ware Market, By Product Type (Faucets, Shower Fittings, Thermostats, Others); By Material Type (Ceramic, Pressed Metal, Acrylic Plastics & Perspex, Others); By End Use (Residential, Institutional, Commercial, Others); Region (North India, South India, East India, West India); Trend Analysis, Competitive Market Share & Forecast, 2019–2029

  • Published Date: August 2023
  • Report ID: BWC20088
  • Available Format: PDF
  • Page: 210

Report Overview

Rapid urbanization, rising disposable income, and growing demand for affordable and comfortable bathroom solutions are expected to boost the growth of India Sanitary Ware Market during the forecast period between 2023 and 2029.

India Sanitary Ware Market – Industry Trends & Forecast Report 2029

The India sanitary ware market size was worth USD 315.55 million in 2022. During the forecast period 2023 and 2029, the India sanitary ware market size is projected to grow at a CAGR of 7.88% reaching a value of USD 497.28 million by 2029. The India Sanitary Ware market is driven by the rapid urbanization and increasing disposable income, which has led to a surge in the construction of residential and commercial properties. The growing awareness of hygiene and sanitation, coupled with changing consumer preferences for stylish and modern bathroom solutions, is also fueling market growth. Government initiatives promoting cleanliness and sanitation further contribute to market expansion. Technological advancements in product design and material innovations have led to enhanced product offerings, attracting consumers. Additionally, the rise in the hospitality and tourism sectors has boosted demand for sanitary ware in hotels and other establishments.

Sanitary Ware - Overview

Sanitary ware refers to a range of bathroom fixtures and fittings designed for maintaining cleanliness and promoting proper hygiene. It includes products like toilets, basins, bidets, urinals, bathtubs, showers, faucets, and related accessories. These products are typically made from materials like ceramic, porcelain, acrylic, metal, or plastic. Sanitary ware plays a vital role in domestic, commercial, and institutional settings by providing essential facilities for personal sanitation and hygiene. Modern sanitary ware is designed not only for functionality but also for aesthetic appeal, offering a variety of shapes, sizes, and styles to suit diverse consumer preferences. The industry continues to evolve with technological advancements, eco-friendly innovations, and the integration of smart features, contributing to improved water efficiency, convenience, and user experience.

India Sanitary Ware Market Market Trends & Forecast Report 2029

Growth Driver

Rapid Urbanization and Rising Disposable Income

The India sanitary ware market is experiencing robust growth, primarily fueled by increasing urbanization and rising disposable incomes. As urban areas expand, there is a growing demand for modern and sophisticated bathroom solutions to cater to the needs of urban dwellers. With more people migrating to cities and towns in search of better opportunities, the demand for housing and infrastructure development has surged, leading to an upswing in the construction of residential and commercial properties. According to World Bank data, India's urban population for 2021 was 498,179,071, a 2.15% increase from 487,702,168 over the previous year. As disposable incomes rise, consumers are willing to invest in better-quality products that enhance their living standards and comfort. Sanitary ware products, such as stylish faucets, luxurious shower fittings, and contemporary toilets, have become more accessible to a broader section of the population. Additionally, the aspiration for aesthetically appealing bathrooms and the desire for improved hygiene drive consumers to upgrade their existing sanitary ware. Manufacturers and suppliers are capitalizing on this trend by offering a diverse range of innovative and technologically advanced products to cater to different consumer segments. As the Indian population continues to urbanize and disposable incomes grow, the sanitary ware market is poised for sustained growth and development.

Restraints

High Cost of Sanitary Ware Products

The cost-sensitive nature of the Indian market means that a substantial portion of the population may find high-priced products beyond their budgets. This limits the market's potential customer base and hampers widespread adoption. Several factors contribute to the high costs, including raw material prices, production processes, transportation, and distribution expenses. Additionally, import duties on premium and luxury sanitary ware items may further inflate the prices. The high cost of manufacturing and installation of certain technologically advanced or designer products can also deter potential buyers. To address this challenge, manufacturers need to focus on optimizing production processes, sourcing cost-effective materials, and exploring local manufacturing options. Moreover, offering a range of products catering to different price segments and providing cost-effective alternatives can help companies tap into a wider market.

Impact of COVID–19 on India Sanitary Ware Market

The COVID-19 pandemic had a significant impact on the India sanitary ware market. With the implementation of lockdowns and restrictions, construction activities were disrupted, leading to delays in residential and commercial projects. This resulted in a decline in demand for sanitary ware products during the initial phases of the pandemic. The closure of retail outlets and restrictions on non-essential businesses affected the distribution and sales channels, further impacting the market. Consumer spending was constrained due to economic uncertainties, leading to a slowdown in the replacement and renovation of bathroom fixtures.

However, as the pandemic progressed, there was a growing awareness of hygiene, which boosted demand for sanitary ware products like touchless faucets and hygienic toilets. As people spent more time at home, the focus on home improvement projects increased, leading to a recovery in the market. Manufacturers and retailers adapted to the new normal by adopting digital marketing strategies and online sales platforms. The pandemic also accelerated the trend of eco-friendly and sustainable products, as consumers became more conscious of their impact on the environment.

India Sanitary Ware Market

Segmental Coverage

India Sanitary Ware Market – By Product Type

Based on product type, the India sanitary ware market is segmented into faucets, shower fittings, thermostats, and others. In the India sanitary ware market, faucets have been the largest segment primarily as they are widely used in both residential and commercial settings, making them a crucial component of bathroom and kitchen spaces. They are essential for controlling water flow and are available in various designs and functionalities to meet diverse consumer needs. Their versatility, combined with the constant demand for replacements and upgrades, contributes to their prominence in the market. Shower fittings and thermostats also hold significant market shares, with consumers increasingly looking for advanced and innovative shower solutions.

India Sanitary Ware Market – By End Use

On the basis of end use, the India sanitary ware market is segmented into residential, institutional, commercial, and others. The residential segment was the largest in the Indian sanitary ware market. The primary reason for this is the sheer volume of residential construction and renovation projects that take place in India. The country's population growth, rapid urbanization, and the government's focus on affordable housing have led to an increased demand for sanitary ware products in residential properties. Moreover, the growing middle-class population and rising disposable income have contributed to a rise in consumer spending on home improvement and bathroom renovations, further boosting the demand for sanitary ware products in the residential sector. The National Council of Applied Economic Research (NCAER) report in 2021, "The Indian Consumer Market: Trends and Prospects," estimated that the disposable income of the Indian middle class is expected to grow at a CAGR of 8% from 2021 to 2026. Additionally, the increasing awareness of personal hygiene and the desire for modern and aesthetically pleasing bathrooms have driven homeowners to invest in high-quality sanitary ware products. As a result, the residential segment has maintained its dominance in the Indian market.

Regional Insights                                                                                

In terms of regional analysis, the India sanitary ware market can be segmented into North India, South India, East India, and West India. During the anticipated period, the Northern region, particularly Delhi and its surrounding areas, has been one of the significant markets for sanitary ware products due to high urbanization rates, increased infrastructure development, and a large population base. Additionally, North India has seen considerable growth in the real estate sector, including residential, commercial, and institutional projects, contributing to the demand for sanitary ware. South India, with metropolitan cities like Bangalore, Chennai, and Hyderabad, is also a significant market for sanitary ware due to its fast-growing urban population and booming construction activities. The Eastern and Western regions of India have also shown growth potential, driven by urbanization and infrastructure development.

Competitive Landscape

The India sanitary ware market is characterized by many regional and countrywide vendors. Key players operating in the India sanitary ware market include HSIL Limited, Cera Sanitaryware Limited, Jaquar Group, Somany Ceramics Limited, Kajaria Ceramics Limited, Asian Granito India Limited, H. & R. Johnson (India) Limited, Parryware Bathroom Products Private Limited, Grohe India Pvt Ltd, and Duravit India. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In June 2023 - Warburg Pincus, a private equity fund in the United States, agreed to acquire a majority stake (about 67%) in Watertec India, an unlisted India-based company manufacturing bathroom fittings and accessories in India.

Scope of the Report

    

Attribute

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

North India, South India, East India, West India

Product/Service Segmentation

Product Type, Material, End Use, Region

Key Players

HSIL Limited, Cera Sanitaryware Limited, Jaquar Group, Somany Ceramics Limited, Kajaria Ceramics Limited, Asian Granito India Limited, H. & R. Johnson (India) Limited, Parryware Bathroom Products Private Limited, Grohe India Pvt Ltd, Duravit India

 

By Product Type

  • Faucets

  • Shower Fittings

  • Thermostats

  • Others

By Material Type

  • Ceramic

  • Pressed Metal

  • Acrylic Plastics & Perspex

  • Others

By End Use

  • Residential

  • Institutional

  • Commercial

  • Others

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Sanitary Ware Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing urbanization and rising disposable incomes
        2. Growing demand for affordable and comfortable bathroom solutions
      2. Restraints
        1. High cost of sanitary ware products
        2. Competition from imported products
      3. Opportunities
        1. Growing demand for customized and designer sanitary ware products
        2. Expansion of the e-commerce market
      4. Challenges
        1. Rising raw material costs
        2. Competition from unorganized players
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Sanitary Ware Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Faucets
        2. Shower Fittings
        3. Thermostats
        4. Others
      2. By Material Type
        1. Ceramic
        2. Pressed Metal
        3. Acrylic Plastics & Perspex
        4. Others
      3. By End Use
        1. Residential
        2. Institutional
        3. Commercial
        4. Others
      4. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  5. North India Sanitary Ware Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Material Type
      3. By End Use
  6. South India Sanitary Ware Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Material Type
      3. By End Use
  7. East India Sanitary Ware Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Material Type
      3. By End Use
  8. West India Sanitary Ware Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Material Type
      3. By End Use
  9. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Sanitary Ware Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  10. Impact of Covid–19 on India Sanitary Ware Market
  11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. HSIL Limited
    2. Cera Sanitaryware Limited
    3. Jaquar Group
    4. Somany Ceramics Limited
    5. Kajaria Ceramics Limited
    6. Asian Granito India Limited
    7. H. & R. Johnson (India) Limited
    8. Parryware Bathroom Products Private Limited
    9. Grohe India Pvt Ltd
    10. Duravit India
    11. Other Prominent Players
  12. Key Strategic Recommendations
  13. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       India Sanitary Ware Segmentation

Figure 2       India Sanitary Ware Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Figure 5       India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Figure 6       India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Figure 7       India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Figure 8       North India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Figure 9       North India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Figure 10     North India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Figure 11     North India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Figure 12     South India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Figure 13     South India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Figure 14     South India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Figure 15     South India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Figure 16     East India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Figure 17     East India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Figure 18     East India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Figure 19     East India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Figure 20     West India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Figure 21     West India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Figure 22     West India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Figure 23     West India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

 

List of Tables

 

Table 1        India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Table 2        India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Table 3        India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Table 4        India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Table 5        North India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Table 6        North India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Table 7        North India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Table 8        North India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Table 9        South India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Table 10      South India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Table 11      South India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Table 12      South India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Table 13      East India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Table 14      East India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Table 15      East India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Table 16      East India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Table 17      West India Sanitary Ware Market Size, By Value (USD Million), 2019–2029

Table 18      West India Sanitary Ware Market Share, By Product Type, By Value, 2019–2029

Table 19      West India Sanitary Ware Market Share, By Material Type, By Value, 2019–2029

Table 20      West India Sanitary Ware Market Share, By End Use, By Value, 2019–2029

Table 21      HSIL Limited Company Overview

Table 22      HSIL Limited Financial Overview

Table 23      Cera Sanitaryware Limited Company Overview

Table 24      Cera Sanitaryware Limited Financial Overview

Table 25      Jaquar Group Company Overview

Table 26      Jaquar Group Financial Overview

Table 27      Somany Ceramics Limited Company Overview

Table 28      Somany Ceramics Limited Financial Overview

Table 29      Kajaria Ceramics Limited Company Overview

Table 30      Kajaria Ceramics Limited Financial Overview

Table 31      Asian Granito India Limited Company Overview

Table 32      Asian Granito India Limited Financial Overview

Table 33      H. & R. Johnson (India) Limited Company Overview

Table 34      H. & R. Johnson (India) Limited Financial Overview

Table 35      Parryware Bathroom Products Private Limited Company Overview

Table 36      Parryware Bathroom Products Private Limited Financial Overview

Table 37      Grohe India Pvt Ltd Company Overview

Table 38      Grohe India Pvt Ltd Financial Overview

Table 39      Duravit India Company Overview

Table 40      Duravit India Financial Overview

Table 41      Other Prominent Players Company Overview

Table 42      Other Prominent Players Financial Overview

Market Segmentation

No data available

 

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Frequently Asked Questions (FAQs):

Ans: India Sanitary Ware Market size was estimated at USD 315.5 million in 2022.
Ans: The growth of the India Sanitary Ware Market can be ascribed to the increasing urbanization and rising disposable incomes and growing demand for affordable and comfortable bathroom solutions.
Ans: Key players operating in the India Sanitary Ware Market include HSIL Limited, Cera Sanitaryware Limited, Jaquar Group, Somany Ceramics Limited, Kajaria Ceramics Limited, Asian Granito India Limited, H. & R. Johnson (India) Limited, Parryware Bathroom Products Private Limited, Grohe India Pvt Ltd, and Duravit India.
Ans: The residential segment is expected to grow at the highest CAGR in the India Sanitary Ware Market by end use.
Ans: North India is growing at the highest rate in the India Sanitary Ware Market.