The global ceramic sanitary ware market size is projected to reach USD 44.6 billion by 2025 from USD 32.1 billion in 2020, at a CAGR of 6.8%, during the same period. The changing lifestyle and increasing purchasing power of the middle-class population of developing countries are expected to support the growth of the ceramic sanitary ware market. However, fluctuation in housing demand is restraining the growth of the market. Technological advancements have created opportunities for manufacturers.
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Ceramic Sanitary Ware Market Key Players
LIXIL Group Corporation (Japan), TOTO Ltd. (Japan), Roca Sanitario SA (Spain), and Kohler Co. (US) are the major players in the ceramic sanitary ware market.
LIXIL Group Corporation (Japan) is one of the leading producers of ceramic sanitary ware. Expansion and new product development are the main strategies adopted by this organization. In August 2018, the company opened a new ceramic sanitary ware production plant in India with an investment of USD 65 million. Approximately 80% of the plant’s production will cater to the Indian market, and the remaining 20% will be exported to the global market. This development helped the company to expand its presence in the Indian market. In April 2019, the company launched two new bathroom collections under the brand name of INAX at Milan Design Week. This helped the company to meet the increasing demand from the global market.
TOTO Ltd. (Japan) is another leading player in this market. The company launched high-end washlet bidet toilets in the global market. This new product is sold under the brand name or NEOREST NX. This helped the company to attract more customers.
Roca Sanitario SA (Spain) is also a leading producer of ceramic sanitary ware. The company launched a new bathroom collection made from innovative designs. This collection offers sanitary wares with bold colors. This helped the company to strengthen its product portfolio.
Kohler Co. (US) is also one of the leading producers of ceramic sanitary ware. In January 2020, the company introduced five new products, which include touchless faucets and touchless toilet technology, among others. This touchless technology provides flushing with sensors placed near the flush tank. These smart products provide comfort and hygiene to the user.
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Based on Type:
- Toilet sinks/Water closets
- One piece
- Two piece
- EWC
- Wall hung closets
- Others
- Washbasins
- Pedestal
- Wall hung
- Table top
- Corner
- Counter
Based on Technology:
- Slip casting
- Pressure casting
- Tape casting
- Isostatic casting
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Based on Application:
- Commercial
- Hospitality
- Industrial
- Institutional & retail
- Offices
- Residential
- Single family
- Multi family
Based on Region:
- APAC
- North America
- Europe
- Middle East & Arica
- South America
APAC is projected to be the largest market for ceramic sanitary ware during the forecast period.
APAC is the largest market of ceramic sanitary ware, followed by Europe and North America. The massive industrial growth in APAC has been fueling the growth of the ceramic sanitary ware market over the past few years, which is expected to continue during the next five years. Domestic and foreign investments in key sectors, such as energy, manufacturing, construction, and mining, have been consistently growing over the past decade. It is expected to result in the growth of the industrial sector and the demand for ceramic sanitary ware in the country.
Over the past decade, India has been witnessing a moderate GDP growth. The country has attracted heavy investments in key industrial sectors, such as construction, cement, and energy. The economic outlook for India has been very optimistic. The Government of India is focused on the manufacturing sector by liberalizing policies and providing additional incentives, such as land at cheap rates and faster clearances from all the concerned departments. As a result, the overall economy is rapidly growing. This is expected to drive the sale of ceramic sanitary ware in the region during the forecast period.
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Key Features of the Ceramic Sanitary Ware Market Report
➤ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Ceramic Sanitary Ware industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
