Research Report on “
Global Wash
Basin Market 2016-2020”
Market outlook of the wash
basin market
Technavios research analysts
predict the global wash basin market to grow at a CAGR of around 9%
during the forecast period. The growing infrastructure development in
sectors such as water, power, and transportation due to increasing
urbanization across the world is the primary growth driver for this
market. Demographic changes like aging population influence the type
and amount of spending on infrastructure. For instance, aging
population in Western Europe and Japan is increasing the number of
healthcare facilities in these countries. The development in these
sectors is boosting the demand for wash basins as hygiene is an
important consideration for urban development.
On an average, nearly five
gallons of water is used with each flush in water closets. To avoid
wastage, consumers prefer integrating wash basins with water closets
(WCs). This integration is anticipated to aid the market growth
during the forecast period. This concept was introduced by Caroma, an
Australian manufacturer of commercial and residential bathroom
products, and was modified by Roca, a Spanish manufacturer of
bathroom products.
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Geographical segmentation
and analysis of the wash basin market
- Americas
- APAC
- EMEA
APAC accounted for 45% of the
market share during 2015 and is expected to grow at a CAGR of nearly
10% during the forecast period. The increase in urban population in
this region has resulted in traffic congestion and a shortage of
housing. To cater to these needs, countries in the region are
extensively focusing on urban development that would drive the wash
basin market over the next four years. For instance, the Indian
government has planned to invest $650 billion in the development of
urban infrastructure in the country between 2015 and 2035.
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Competitive landscape and
key vendors
The growth of the construction
market globally is playing a vital role in the growth of the wash
basin market globally. During 2015, Asia was the major revenue
contributor due to the increased infrastructural development in the
region. Vendors are also investing in designing, planning,
developing, branding, expanding existing facilities, and acquiring
new players in the market.
The leading vendors in the
market are -
- Kohler
- Duravit
- TOTO
- Hansgrohe
The other prominent vendors in
the market include Duratex, HSIL, Lixil Group, Roca Sanitario,
Villeroy & Boch, Burgbad, Drummonds, MAAX Bath, Kaies Sanitary
Ware, and Eczacbas (Vitra).
Table
of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
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