APAC Bath Fitting Market Analysis
The Asia Pacific Bath Fitting Market is expected to register a CAGR of 7% during the forecast period.
The COVID 19 pandemic has been severely affecting various businesses in Asia Pacific countries including the bathroom fittings industry. Categories like sanitaryware and bathroom fixtures are largely classified as discretionary spending and have witnessed a deferment of demand due to an expected decline in renovation/refurbishment activity in the near term due to the COVID-19 outbreak.
The growing awareness of opting for good sanitary ware products due to their various health and hygienic benefits is acting as a major factor that is driving the growth of the sanitary ware market and bath fitting market. Several government initiatives and improvement programs to develop and upgrade the sanitary ware infrastructure are acting as a major factor that is creating an opportunity for the growth of the bath fitting market.
APAC Bath Fitting Market Trends
Rising Urbanization and Consumer Spending
Urbanization is one of the key factors enabling and driving the demand transformation, as the consumers are demanding eco-friendly bath fittings, new technological faucets, Showers, etc. Asia-Pacific is a region where the urbanization diverse with each country like many are still to urbanize like Pakistan, Bangladesh, India, there is a surplus demand of bathroom fixtures, fittings, and others. The Consumer spending in housing and housing renovation in the region has been increasing steadily over the last few years accounting for USD 640.6 in 2019, USD 654.1 in 2020, and USD 746.2 for 2021.
Growing Consumption Rate of Copper And Zinc
The Asia Pacific is experiencing a huge demand for copper and zinc. Furthermore, Countries like India are experiencing an increase in Housing repair and private house construction activities wherein there is a huge demand for Faucets that are commonly made of copper and zinc. This surge in consumption of zinc and copper can be collectively pushed due to a surge in demand for Faucets, showers, etc. Further, the prices of copper and zinc are also witnessing a decline in countries like India and other APAC proportionately pushing demand and consumption of Copper and Zinc. Declining price supports the demand of Faucets manufacturers.
APAC Bath Fitting Industry Overview
Companies across the world have huge investments in this segment of the market. In the US the bath fitting market have many companies fragmented over minor shares. Cera Sanitaryware, Kohler, Jaquar, H & R Jhonson, Parryware are amongst the bath fitting, fixtures, etc.
Adoption of smart bath fittings and up-gradation to new faucets, showers, etc leads to increasing competition amongst the company. Innovation and technological advancement taking a pace as the COVID and urbanization strike general people to the adoption of the new faucets, showers, etc.
APAC Bath Fitting Market Leaders
Cera Sanitaryware
Jaquar
H & R Johnson
Parryware
American Standard
- *Disclaimer: Major Players sorted in no particular order
APAC Bath Fitting Market News
In Showers
Homeowners living in tropical climates are used to taking multiple showers, a habit that should be factored into designing the ideal bathroom. Excessive showering, however, can strip the skin of moisture and irritate. A great bathroom design takes into consideration the clients' habits and lifestyle and could include shower features that minimize the side effects of multiple showers. For example, a shower that can reinvigorate, while being gentle on skin. This is especially crucial for those with sensitive skin conditions which may be aggravated by over-showering. American Standard's in 2020 launched Hand shower GENIE, which provides just the right water pressure with 120 micro spray holes. Because of the consistent water pressure, the shower experience is soothing, without causing any unwanted abrasion.
In Temperature Control
American Standard in 2020 launched EasySET auto temperature mixers (ATM) offers the comforts of a warm shower at the exact temperature preferred by the user, from the moment one steps into the shower stall. Furthermore, it's a modern design with an optional PreSET controller that can be installed outside the bathroom, so users can adjust their preferred settings, without compromising on sleek style. The AI-enabled temperature mixture was new development by American Standards added advantages over competitors. Now, bid adieu to the endless fiddling of faucets to adjust the water flow when it's time for a shower. At just a push of a button, one's preferred water flow, water temperature, and water source can be selected for uninterrupted tranquillity throughout the shower, with the help of the innovative EasySET technology.