Expert Market Research’s new report titled ‘Vietnam Sanitary Ware and Bathroom Accessories Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Sanitary Ware and Bathroom Accessories Market bathroom in Vietnam, assessing the market based on its segments like product types and materials. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2020): 467 million USD
• Forecast CAGR (2022-2027): 6.4%
Bathroom fixtures and accessories are durable and easy to clean. In this regard, increasing expenditure on toilet sanitation, rapid urbanization and rising living standards in Vietnam are driving the growth of the market. Rising demand for high-end sanitary ware and bathroom accessories due to changing lifestyles of the working population in the region is propelling the growth of the market. During the forecast period, the rapid development of durable sanitary products, which are ideal for longer-term use, is expected to boost the market growth in the coming years. The strong presence of leading sanitary ware manufacturers and bathroom accessories developers in the country is likely to foster the availability of innovative sanitary ware in different shapes and sizes.
Industry definition and major segments
Sanitary ware and bathroom accessories are defined as products or appliances that are installed in toilets and bathrooms. These include sinks, pedestals, urinals and towel rails. These products are easy to clean thanks to their glossy surface and are highly resistant to chemical attack.
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On the basis of product type, the market can be segmented into:
• Bathroom sink
The market can be categorized based on hardware into:
• Pressed metal
• Acrylic plastic and Perspex
The main driver of the sanitary ware and bathroom accessories market in Vietnam is the growing expansion of online business platforms due to the growing adoption of Internet of Things (IoT), which propels the sales of the products . The integration of smart technologies in the sanitary ware market, such as dual flush and digitally controlled showers, among others, is likely to be the crucial market trend. The increasing research and development activities of leading manufacturers, aimed at the innovative development of ceramic-based sanitary ware with high-quality fittings, are expected to increase the popularity of products, thereby attracting more consumers and spending for the bathroom maintenance. .
Main market players
Major market players include Vietnam Caesar Sanitary Equipment Joint Stock Company, Innoci Viet Nam Co., Ltd, Italisa Vietnam Co., Ltd, Jaquar Vietnam, Grelli Sanitary Ware, ROCA Sanitario, SA, Toto Vietnam Co., Ltd., Viglacera Corporation- JSC and Viet Ceramics International Joint Stock Company, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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