About Grab Bar
Grab bars are usually used in bathrooms to increase the safety and independence of individuals and to keep their balance when getting in and out of a shower or bathtub or on and off the toilet. An increasing number of bathroom fall incidents and serious injuries such as broken bones or a head injury has led to the growth of the grab bar market. Also, strong recommendations from the government for bathroom safety may create lucrative opportunities for the market over the forecast period. North America region is dominating the market owing to increasing fall death rates. From 2007 to 2016, the fall death rates of older adults in the United States have increased to 28 percent, according to the CDC.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The grab bar market is highly fragmented in nature due to the presence of well-established players, coupled with the entry of new players from emerging economies such as China and Japan, and is expected to intensify competition within the market. Key players have been concentrating on new and innovative product development in order to bring advanced safety features for the aging population. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Grab Bar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TOTO (China), MOEN Incorporated (United States), Kohler Co. (United States), Delta Faucet Company (United States), KAWAJUN Co., Ltd. (Japan), YJL (China), LIXIL Group (Japan), HealthCraft (Canada), Ponte Giulio (United States) and Invacare (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pressalit Care (Denmark), Handicare (United States), Liansheng (Singapore), CERA Sanitaryware Limited (India) and Etac (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Grab Bar market by Type (Wall-Mounted, Floor-Mounted and Other), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Grab Bar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sizes, the sub-segment i.e. 12 inch will boost the Grab Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online (E-Commerce Platforms, Manufacturer Websites) will boost the Grab Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Grab Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diameter, the sub-segment i.e. 1-1/2 will boost the Grab Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integrated Grab Bars with Grab Bar Toilet Paper Holder, Designer Grab Bar with Integrated Shelf, Grab Bar Towel Rack
Market Growth Drivers:
The growing number of aging population across the world has greatly increased the demand for grab bars owing to safety for individuals, which is the key driving factor for the growth of the market. and Increasing Number of Development in Residential and Commercial Sector
Challenges:
Intense Competition among Industry Players
Restraints:
High Cost of the Product owing to Fluctuating Raw Material Prices such as Steel and Bronze and Need High Maintenance to Prevent from Rust and Corrosion
Opportunities:
Development of New and Innovative Products with Multi-Purpose Uses such as Folded Bar and Strong Distribution Channel and Increase in E-Commerce Platforms
Market Leaders and their expansionary development strategies
In March 2019, Pressalit A/S acquires its Dutch agency, Wijnbeek Sanitair B.V., located in the Netherlands.
In June 2019, HealthCraft Products Inc. has launched the new HealthCraft 120 degree angle Grab Bar of commercial-grade quality for the facility or residential use. Stainless steel construction ensures low effort maintenance while providing strength and security for shower and bathroom safety.
The Americans with Disabilities Act (ADA) recommends attaching the bars with screws driven into studs behind the wall. Thats the safest way to install grab bars. The American with Disability Act Accessibility Guidelines (ADDAG) recommends installing bars Horizontally, not less than 33 or higher than 36, measured from the floor to the top of the bar.
Analyst View
According to a 2011 study from the Centres for Disease Control and Prevention (CDC), nearly 200,000 Americans have been treated in emergency departments for bathroom-related injuries annually. Bathrooms have unforgiving and slippery surfaces, and few dependable things to grasp onto, which greatly increases the chances for harm. Fall-related injuries range from minor cuts, scrapes and bruises to more severe injuries, such as broken bones (especially hip fractures), head contusions, and even spinal cord injury.
Key Target Audience
Grab Bar Manufacturers, Raw Material Suppliers, Dealers and Distributors and Government and Public Sector
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.