What is Sanitary Metal Ware Market?
Installations of sanitary appliances such as water closets, faucets, and basins, among others, are referred to as sanitary ware. Global corporations also launched a variety of designs that are aesthetically appealing yet retaining functionality. In the coming years, the demand for sanitary metal ware is expected to grow significantly. This is attributed to the widespread use of sanitary metalware, the evolution of bathroom products, and the transition toward new bathroom decor. Due to a rise in customer disposable income and shifts in lifestyles, global manufacturers of sanitary metal wear are experiencing high demand for their products. Furthermore, high-income customers are using sanitary metal ware goods to demonstrate their wealthy lifestyles, which is expected to increase demand for high-end sanitary metalware.
The market study is being classified by Type (Faucets, Showers, Floor Drain, Sanitary Pendant and Some Other Accessories), by Application (Household, Commercial, Real Estate Project and Others) and major geographies with country level break-up.
JOYOU (China), Jomoo Group Co., Ltd (China), Kohler (United States), TOTO (Japan), Moen (United States), Grohe (Germany), Roca (Spain), Hansgrohe (Germany), Huayi (China), American Standard (United States) and Delta (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are HUIDA (China), Delong (United States) and SEAGULL (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Sanitary Metal Ware market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sanitary Metal Ware market by Type, Application and Region.
On the basis of geography, the market of Sanitary Metal Ware 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Urbanization and Growing Economies
- Improved Consumer Purchasing Power
Market Trend
- People Are Demanding High-End Premium Sanitary Ware Products Due To Shift in Lifestyle Patterns
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Supportive Government Initiatives
- Emerging Demand from Developing Countries
Challenges
- Availability of Substitutes
In August 2018, LIXIL has invested INR 400 crore (57.65 USD Million) in its first sanitary ware manufacturing facility in India in Bhimadole, Andhra Pradesh (India). The plant has one million per annual capacity.
Key Target Audience
Sanitary Metal Ware Manufacturers, Sanitary Metal Ware Raw Material Suppliers, Sanitary Metal Ware Traders/Distributors/Wholesalers, Sanitary Metal Ware Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors