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Global Bath Furnishing Market 2021: By Product Type (Fittings, Furniture, Others), By Sales Channel (Offline, Online)Global Bath Furnishing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global bath furnishing market report has been segmented as per product type, sales channel, and region.Request Covid - 19 Impact The Global Bath Furnishing market size was valued at USD $27.89 Billion in 2020, USD $28.51 Billion in 2021, forecasted to reach USD $29.14 Billion in 2022, and is projected to reach USD $34.67 Billion by 2030, and is anticipated to expand at a CAGR of 2.2% over the forecast period from 2020 to 2030.
Global Bath Furnishing Market: OverviewBath furnishing products include shower heads, cabinets, carpets, faucets, and others. These products are very popular and demandable among consumers across the globe. In addition, several other types of bath furnishing products include furniture, fittings, and others and are easily available through online and offline channels.
Global Bath Furnishing Market: DynamicsGrowing tourism and hospitality sectors across the globe and increasing demand for hygienic bathroom products in developing and developed countries are major factors expected to drive growth of the global bath furnishing market over the forecast period. In addition, rising demand for several bath furnishing products such as cabinets, showerheads, faucets, carpets, mirrors, and other bathroom products is another factor expected to further fuel growth of the target market over the forecast period. Moreover, increasing demand for such products across construction industry and rising number of construction activities including construction of apartments, bungalows, row house across various countries are some other factors expected to boost growth of the global market over the forecast period. Furthermore, rising consumer spending on different types of bath furnishing products such as mats, curtains, grab bars, lamps, and others is another factor projected to propel growth of the global bath furnishing market. However, high cost associated with bath furnishing products is a key factor expected to restraint growth of the target market to a certain extent. Ongoing trend observed in the target market is availability of innovative and trending bathroom products through online and offline sales channels is expected to support growth of the target market over the forecast period. Development of innovative and new product launch of bath furnishing products coupled with smart technology for lighting systems, music, and voice control system by major decorative accessories and furniture manufacturers is expected to create potential revenue opportunities for the target market over the forecast period.
Global Bath Furnishing Market: Segment AnalysisAmong the product type segments, the furniture segment is projected to account for higher share in terms of revenue, owing to rising adoption of bath furniture products in developed and developing countries and increasing brand awareness about bath furniture products among millennials. Among the sales channel segments, the offline segment is expected to register lucrative growth in the target market, owing to the high availability of wide range of bath furnishing products coupled with brands through many stores.
Global Bath Furnishing Market: Region AnalysisThe market in North America is expected to dominate in the global market in terms of revenue over the forecast period, owing to high adoption of bath furnishing products coupled with smart technology in countries in the region. The market in Asia Pacific is expected to register substantial growth in the global market followed by market in Europe, owing to growing construction projects and high demand for innovative bathroom accessories across various countries in this region. In addition, expanding tourism sector and growing construction and wellness industries are some other factors expected to drive growth of the global bath furnishing market in the Asia Pacific and Europe.
Below are the leading companies profiled in this Bath Furnishing Market Report:
Chapter 1 Methodology and Scope