COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth

Technavio has been monitoring the ceramic sanitary ware market and it is poised to grow by 226.25 million units during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Ceramic Sanitary Ware Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CERA Sanitaryware Ltd., Duravit AG, Geberit AG, HSIL Ltd., Kohler Co., LIXIL Group Corp., R.A.K Ceramics PJSC, Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing expenditure on bathroom remodeling has been instrumental in driving the growth of the market. However, crawling defects of ceramics might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Ceramic Sanitary Ware Market 2020-2024: Segmentation

Ceramic Sanitary Ware Market is segmented as below:

  • Product
    • Ceramic Washbasins
    • Ceramic Wash Closets
    • Ceramic Cisterns
    • Others
  • Geography
    • APAC
    • Europe
    • South America
    • MEA
    • North America

Ceramic Sanitary Ware Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ceramic sanitary ware market report covers the following areas:

  • Ceramic Sanitary Ware Market Size
  • Ceramic Sanitary Ware Market Trends
  • Ceramic Sanitary Ware Market Industry Analysis

This study identifies the expansion of manufacturing facilities by major brands as one of the prime reasons driving the Ceramic Sanitary Ware Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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