Bathroom Accessories Market By Product (Towel Racks and Rings, Hooks, Paper Holders) Application (Residential, Commercial, Institutional), Distribution Channel (Online, Offline), & Region for 2024-2031

Bathroom Accessories Market Valuation – 2024-2031

An elderly population and growing awareness of accessibility issues are driving demand for bathroom accessories that are safe and easy to use. This features grab bars, shower chairs, and toilets with adjustable heights, resulting in a more accessible bathroom environment. Thus, the increasing geriatric population is driving the growth of market size to surpass US 22.27 Billion in 2024 to reach a valuation of USD 33.41 Billion by 2031.

Increasing awareness of environmental concerns and changing consumer preferences, are driving the market growth. Manufacturers are responding with environmentally friendly bathroom accessories made of sustainable materials such as recycled plastic or bamboo. This addresses the increased need for environmentally sensitive products. Thus, the rising awareness of sustainability is enabling the bathroom accessories market to grow at a CAGR of 5.20% from 2024 to 2031.

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Bathroom Accessories Market: Definition/ Overview

Bathroom accessories are useful items intended to improve the usability, comfort, and style of a bathroom. They differ from bathroom fixtures, which are usually permanent installations such as bathtubs, sinks, and toilets. The bathroom accessories include storage and organization, comfort, convenience, aesthetics, and ambiance.

The bathroom accessories sector presents a tempting opportunity for producers, retailers, and designers alike. Understanding changing customer tastes and technological improvements offers enormous possibilities for creating a blooming sanctuary of functionality and design within the modern bathroom. From clever storage solutions to smart tech integrations, this market offers exciting opportunities to create stylish and functional bathroom oases.

During the forecast period, bathroom accessories are all about creating a personalized oasis that values comfort, convenience, well-being, and sustainability. The industry has exciting opportunities for manufacturers and designers to meet the changing needs of discriminating customers, transforming the bathroom into a true retreat within the home.

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How the Rapid Urbanization in Emerging Countries Driving the Growth of Bathroom Accessories Market?

The increasing urbanization in emerging countries led to the growing demand for residential housing, and also the well-equipped restrooms and related accessories. Rapid urbanization is contributing to the growth of bathroom accessories in emerging countries such as India, China, Japan, etc. For instance, according to the Ministry of Housing and Urban Affairs in India in the last decade, about 377.1 million people were counted in urban areas.  The urban population accounts for 31.6 percent of the country’s overall population. Between 2001 and 2011, the proportion of the country’s urban population increased by 3.35 percentage points. The ongoing trend of urbanization has led to increasing demand for residential housing, including the need for well-equipped restrooms and related accessories.

The shifting lifestyle trends have contributed to the demand for accessories that elevate the bathroom experience, such as spa-like amenities, reflecting a growing emphasis on wellness and self-care. Additionally, technological advancements have spurred market expansion through the integration of smart features into bathroom accessories like showers, faucets, and mirrors. The COVID-19 pandemic has also played a significant role in increasing awareness about hygiene and sanitation, leading to a greater demand for products that promote cleanliness in restrooms. Moreover, there is a growing consumer preference for eco-friendly items, driving the market for sustainable bathroom accessories made from eco-friendly materials.

Aesthetic appeal is another driving factor, with consumers placing greater importance on visually appealing bathroom accessories that enhance the overall look of their bathrooms as home interior design and customization become increasingly popular. Lastly, the growth of e-commerce has made it easier for consumers to access a wide range of bathroom accessories, further fueling market expansion.

The real estate sector is meeting the increasing demand for built-up spaces across diverse property segments including offices, residential units, shopping malls, hospitality establishments, manufacturing facilities, and logistics centers. This surge in construction activities is expected to fuel substantial growth in the housing sector, consequently spurring the demand for bathroom accessories, which are integral components of modern infrastructure.

How the Intense Competition in the Market is Hampering the Growth of Bathroom Accessories Market?

The market is highly competitive, with numerous companies offering a wide range of products. Intense competition may lead to lower profit margins and price wars. Furthermore, regulatory compliance with quality, safety, and environmental standards can increase manufacturing costs and hinder product development. In addition, during economic downturns, consumer spending on non-essential items like bathroom accessories may decline.

Also, the fluctuations in raw material prices, such as brass, plastic, and stainless steel, can impact manufacturing costs and, consequently, the prices of bathroom accessories. Disruptions to the supply chain, caused by events like pandemics, natural disasters, or geopolitical unrest, can result in delays in delivery and production, affecting the market as a whole. Additionally, changing consumer preferences towards eco-friendly products, minimalist designs, or smart technologies may impact the demand for traditional bathroom accessories.

Furthermore, technological advancements, such as the development of smart bathroom accessories, may require businesses to invest in new technologies to remain competitive. Adding to it distribution issues, particularly for small manufacturers, may pose challenges in accessing logistics and distribution channels, limiting their ability to reach new markets and expand their business.

Category-Wise Acumens

 How the Dual Functionality and Ability Driving the Towel Racks and Rings Segment in the Bathroom Accessories Market?

The Towel racks and rings segment is experiencing substantial growth in the bathroom accessories market and is expected to continue its growth throughout the forecast period thanks to their dual functionality and ability to add a touch of stylish sophistication to bathroom spaces. The growing trend of incorporating heated towel rails has prompted manufacturers to offer a variety of finishes and colors to cater to diverse consumer preferences. Among the most favored color choices are black, white, and rose gold.

Furthermore, the increasing disposable income among individuals across different regions has fueled the desire for a more luxurious lifestyle. This trend is particularly evident in urban areas, where there is a growing demand for luxury bathroom products and accessories. As a result, the adoption of heated towel rails and other upscale bathroom amenities continues to rise in line with this trend towards elevated living standards.

How the Hospitality Sector and Hospitals are Enabling the Paper Holders Segment to Grow During the Forecast Period?

The paper holders segment is expected to be the fastest-growing region in the bathroom accessories market during the forecast period, thanks to the hospitality sector, which encompasses hotels, hospitals, and guest houses.

Also, the demand for paper holders in bathrooms is notably high. These holders are offered in a range of materials, including steel, zinc alloy, brushed nickel, chrome, brass, and chromium. They are available as wall-mounted accessories or in the form of standalone paper holder stands.

How the Increasing Residental Units are Driving the Growth of the Residental Segment in the Bathroom Accessories Market?

The residential segment is experiencing rapid growth in the bathroom accessories market. The increasing number of residential units under construction ensures a steady demand for bathroom accessories, with each unit requiring these essential components. Additionally, as disposable income rises, homeowners are inclined to invest in enhancing their bathrooms with stylish and functional accessories.

Furthermore, there’s a growing emphasis on home improvement and personalization among homeowners. They are keen on creating comfortable and visually appealing bathrooms tailored to their preferences, resulting in a heightened demand for a diverse range of accessories to complement their design visions.

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Country/Region-wise Acumens

How the Robust Development in Regions Urbanization is Surging the Growth of Asia Pacific Bathroom Accessories Market?

Asia Pacific is showing substantial growth in the bathroom accessories market and is expected to continue its growth throughout the forecast period. This growth is primarily attributed to the region’s robust construction activity, particularly in China and India, alongside the emergence of economies like Bangladesh, Myanmar, and Vietnam as high-growth markets.

China and India have traditionally been leaders across various social and economic metrics, including household spending, middle-class income growth, construction expenditure, and affordable housing initiatives. For instance, according to Invest India, under the NIP, India has a $1.4 trillion infrastructure investment budget, with 24% allocated to renewable energy, 18% to roads and highways, 17% to urban infrastructure, and 12% to railroads. According to the India Brand Equity Foundation, In October 2021, the Dubai government and India reached an agreement to construct infrastructure in Jammu and Kashmir, including industrial parks, IT towers, multifunctional towers, logistics centers, medical colleges, and specialty hospitals.

According to the International Trade Administration, in China, the total investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will be around USD 4.2 trillion (27 trillion yuan). The new plan emphasized nine important items for energy efficiency and green building development; it also asks for the remodeling of over 350 million square meters of buildings and the construction of over 50 million square meters of net zero structures energy-consuming buildings. While China’s urbanization rate will reach 64.7% in 2022,

The onset of the coronavirus pandemic has disrupted construction projects across the region, resulting in reduced demand for construction materials and supply chain disruptions. In addition, recent economic reopening efforts implemented by various countries have facilitated a gradual recovery in the construction industry. This, in turn, has contributed to stabilizing demand for materials and fostering a more positive outlook for the Asia Pacific bathroom accessories market.

How the High-Income Population and Strong Intra-Continent Trade is Driving the Growth of the Bathroom Accessories Market?

Europe is expected to be the fastest-growing region during the forecast period thanks to the strong intra-continent trade of goods in the region. The European market benefits from strong intra-continent trade of goods, extensive market access for companies, and a high-income population, facilitated by agreements within the European Union and Eurozone. The region market is booming majorly by economies such as the U.K., Germany, France, and Italy, characterized by high levels of household spending and mature infrastructure sectors.

For instance, according to the FIEC report in Germany, the war in Ukraine caused a significant increase in the cost of construction materials, which was reflected in higher pricing for construction services. The 15,9% gain was the highest in decades. This was the only way to set a new nominal record for gross fixed capital formation (GFCF) in construction at €475 billion. The real growth rate in civil engineering (+2.6%) contrasted markedly with advancements in building construction, which declined by 2.44%. Commercial building construction was the greatest hit (-3.0%), followed by dwelling construction (-2.2%) and public-sector building construction (-1.0%).

With Western European nations boasting high-income levels, the market for bathroom accessories presents lucrative opportunities for companies to offer high-end products, innovative designs, and sophisticated distribution channels.  Overall, Europe’s strong economic foundation, coupled with its mature infrastructure and affluent consumer base, positions the region as a promising market for bathroom accessories, offering ample opportunities for companies to capitalize on.

Competitive Landscape

The bathroom accessories market is likely to see further consolidation amongst established players, while also offering opportunities for innovative startups with a focus on sustainability, smart technology, and niche market segments. The ability to adapt to changing consumer preferences and embrace new technologies will be key factors for success in this ever-evolving market.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the bathroom accessories market include:

• Kohler Co.
• TOTO Ltd.
• LIXIL Corporation
• Hansgrohe
• Masco Corporation (Delta Faucet, Moen)
• Roca Sanitario, S.A.
• Jaquar Group
• GROHE AG
• American Standard
• Gerber Plumbing Fixtures LLC

Bathroom Accessories Latest Developments:

• In May 2022, SageHome Inc. announced a collaboration with Cairngorm Capital to buy New Bath Today Inc. (NBT) as part of its ambition to extend its aging-in-place product. The cooperation with Cairngorm Capital, as well as the acquisition of NBT, are intended to accelerate the company’s expansion in this industry.
• In October 2021, Kohler announced a collaboration with contemporary artist Daniel Arsham worked to create a limited-edition 3D-printed sink called Rock.01, which was on display at Design Miami and offered for purchase in 99 editions.

Report Scope

Bathroom Accessories Market, By Category

Product:

• Towel racks and rings
• Hooks
• Paper holders
• Toothbrush holders
• Grab bars
• Shower curtains and liners
• Soap dishes and dispensers
• Mirrors
• Bathroom scales
• Bathroom cabinets and vanities
• Smart bathroom accessories (e.g., connected mirrors, faucets)

Application:

• Residential
• Commercial (hotels, offices, restaurants)
• Institutional (hospitals, schools)

Distribution Channel:

• Online
• Offline (home improvement stores, department stores, specialty stores)Region:

North America:

• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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