Wash Basins Market Scope
Wash basin is defined as the typically fixed to wall which is used for washing hands and face. Various benefits of using wash basin such as provides flexibility, available in varied designs and sizes, saves space, among others. It is widely used in urban population area, due to shortage of houses. For instance, according to the Government of India, has announced to invest more than USD 650 billion in the development of urban infrastructure in the country between 2015 and 2035. Hence, increasing urbanization across the world and increasing usage of wash basin in various application such as residential and commercial building are likely to be a prime driver for the global wash basin market.
According to AMA, the Global Wash Basins market is expected to see growth rate of 9.2%
The market is fragmented with numerous players such as Huida Sanitaryware India Pvt Ltd. (India), Franke Holding AG (Switzerland), among others are focusing on technique and quality of the product due to which the global washbasin market can witness an upsurge in the forecast period Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Wash Basins market throughout the predicted period.
Huida Sanitaryware India Pvt Ltd. (India), Franke Holding AG (Switzerland), Ideal Standard (Belgium), IKEA (Netherlands), Kohler Co. (United States), VitrA (Germany), Hindware Homes (India), RAK Ceramics P.J.S.C (United Arab Emirates) and Dongpeng Holdings Co Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Parryware Roca Pvt Ltd (India), Scarabeo Ceramiche S.r.l. (Italy), Hansgrohe (Germany), Catalano, Inc. (United States) and Toto Ltd. (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Wash Basins market by Type (Wash Basins with Integrated Half Pedestal, Counter Wash Basins With/ With Out Utility Counter, Table Top Wash Basins, Table Top Wall Hung Wash Basins and Wall Hung Wash Basins), by Application (Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Wash Basins 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).
In June 2018, the Grohe Company has launched ceramic bathroom products such as wall-mounted basin. Hence, this launch will affect the increase in the product portfolio of the company. and In February 2019, the Parryware Company has launched various basin products such as Omega, Nuva and Gala, among others. It is widely used in the bathroom and provides stain resistant. Hence, this launched enabled the company to strengthen its wash basin product portfolio.
Market Trend
- Growing Infrastructure Development in Sectors Such as Water, Power, as well as Transportation
Market Drivers
- Rising Number of Residential and Commercial Building across the World
- Increasing Usage of Wash Basin in Various Application Such as Commercial and Residential
- Rising Aging Population in Western Europe and Japan and Increasing the Number of Healthcare Facilities in these Countries
Opportunities
- Growing Demand from Emerging Market such as China, India, Brazil, among others
Restraints
- Issue Related to Leakage through Edge of Wash Basin Which is made up of Marble
Challenges
- Problem regarding the Lack of Awareness in the Rural Areas of Developing Countries
Key Target Audience
Manufacturers of Wash Basin, Suppliers of Wash Basin, Wholesalers, distributors and retailers of Wash Basin, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others