China sanitary ware market was
valued at USD8.28 billion in 2020 and is expected to reach USD19.54 billion by
2026F, growing at a CAGR of 14.71% during the forecast period. Over the years,
China sanitary ware market, which include products like water closets &
bidets, basins, squat toilets, bath tubs, urinals, etc., is growing at a
tremendous rate on account of various technological developments such as less
water-consuming water closets, health monitoring closets, etc. Demand for
various sanitary ware products is increasing from different sectors such as commercial
and industrial, which will aid the China sanitary ware market in the next five
years. Moreover, consumers all around the country are adopting latest sanitary
ware products with upgradations in their design, and inclusion of various
technologies like toilets with digital scale, auto close technology, etc. As a
result, sanitary ware demand is anticipated to increase further in the forecast
period. Moreover, improvement in sanitation system, and increasing awareness
about latest sanitary products are some of the other major drivers for the
growth of China sanitary ware market.
During the lockdown period, following
the COVID-19 outbreak, the Chinese government temporarily halted all sort of
activities including production and manufacturing of non-essential products,
construction activities, etc. On one hand the production halt led to a shortage
of supply of sanitary ware products in China, whereas, on the other hand, the
disruption in construction activities led to a temporary decline in demand for
such products. Thus, during the lockdown, both the demand and supply of
sanitary ware products witnessed significant disturbance, which hindered the
growth of the China sanitary ware market to some extent.
China sanitary ware market is
segmented into by product type, by end use, by distribution channel, by region
and by company. In terms of product type segment, the China sanitary ware
market is divided into Toilets/Water Closets & Cisterns, Wash Basin, Bath
Tubs, Urinals and Others. Among these, Toilets/Water Closets & Cisterns have
dominated the China sanitary ware market on account of presence of commercial
hubs and global trade centers in this region. Also, the urban consumers in this
region are showing greater inclination towards using technologically advanced
sanitary ware products as they are continuously spending on products that would
enhance their standard of living.
Regionally, China sanitary
ware market has been segmented into various regions including East
China, North China, North East China, South Central China, North West China,
South West China where East China dominates the China sanitary ware market. Major
players operating in the China sanitary ware market are
Kohler (China)
Investment Co. Ltd., TOTO China Co. Ltd., ARROW Wrigley Home Furnishing Group
Co., Ltd., Huida Sanitary Ware Co., Ltd., Hengjie Sanitary Ware Group Co., Ltd. To remain competitive in the market companies are
continuously upgrading themselves by introducing new sanitary ware brands, products
and announcing mergers & acquisitions, etc.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the Study:
- To analyze the historical growth in the
market size of the China sanitary ware market from 2016 to 2020.
- To estimate and forecast the market size of
the China sanitary ware market from 2021E to 2026F and growth rate until
2026F.
- To define, classify and forecast the China sanitary
ware market based on product type, end use, distribution channel, region
and company.
- To identify the dominant region or segment
in the China sanitary ware market.
- To identify drivers and challenges for the China
sanitary ware market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc. in the China
sanitary ware market.
- To identify and analyze the profile of leading
players operating in the China sanitary ware market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across China. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include the manufacturers
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the manufacturers, distribution channels and presence
of all major players across China.
TechSci
Research calculated the market size of the China sanitary ware market using a
bottom-up & top-down approach, wherein data for various end-user segments
were recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated them through analyzing historical data of these product types, end
use and distribution channels for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations, and financial reports
were also studied by TechSci Research.
Key
Target Audience:
·
Sanitary
Ware manufacturers, suppliers,
distributors and other stakeholders.
·
Government
bodies such as regulating authorities and policy makers.
·
Market
research and consulting firms.
·
Organizations,
forums and alliances related to sanitary ware manufacturing.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, China
sanitary ware market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
China Sanitary
Ware Market, By Product Type:
§ Toilets/Water Closets & Cisterns
§ Wash Basins
§ Bath Tubs
§ Urinals
§ Others
·
China
Sanitary Ware Market, By End Use:
§ Residential/Household
§ Non-Residential/Commercial
·
China Sanitary Ware Market, By
Distribution Channel:
§ Retail Sales
§ Direct/Institutional Sales
·
China
Sanitary Ware Market, By Region:
§ East China
§ North China
§ North East China
§ South Central China
§ North West China
§ South West China
Competitive
Landscape
Company Profiles: Detailed analysis of the
major companies present in China sanitary ware market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
·
Detailed
analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com