Bathroom Fittings & Sanitaryware Market Poised for Big Growth

Big growth is forecasted for bathroom fittings & sanitaryware market is put down to improving awareness among the consumers, says RNCOS.


Noida, UP -- (SBWIRE) -- 12/09/2014 -- Along with the growth in the housing market, the related industry verticals, such as tiles, modular kitchen, flooring, bathroom fittings & sanitary ware, etc. are also poised for strong growth in the coming years. The bathrooms in the contemporary Indian houses are embellished with fittings and interiors, which make a style statement. According to the report, "Indian Housing Sector Outlook 2018", modern day homebuyers are increasingly demanding for bathrooms that combine convenience with functionality and luxury with technology, thereby leading to an increase in the Bathroom Fittings & Sanitary ware market. A bathroom with well-furnished d├ęcor and hi-tech innovations is not only desirable, but also increases the valuation of a property.

According to our report, the bathroom fittings & sanitaryware market is expected to grow at a CAGR of 15.5% during year 2014-2018. The growth of housing sector is observed due to rise in purchasing power of individuals, continuous rise in population, growth in aspirations, increase in number of nuclear families, rapid urbanization, and government's intervention to provide easy loans, and so on, which in turn have contributed towards the growth of bathroom fittings and sanitary ware market. Moreover, real-estate industry in India is addressing the demand for built-up space, from a variety of property segments, such as offices, housing units, shopping malls, hospitality industry, manufacturing sector and logistics parks, in which housing sector is undergoing a significant growth, thereby fuelling the demand of Bathroom Fittings & Sanitary ware which forms an integral part of modern day infrastructure. Thus, bathroom fittings and sanitary ware is expected to continue driving the revenues of the Indian housing industry in the future also.

The report, "Indian Housing Sector Outlook 2018", by RNCOS which is spread over 120 pages provides an in-depth research and rational analysis of the Indian Housing industry with forecasts till 2018. The report is segmented into two parts: Affordable and Luxury housing. The report provides forecast of housing market potential in each section, along with housing demand potential till 2018. The report further provides list of major players and share of organized/unorganized sector for these industries. Additionally, regional analysis of the tile, electrical switch, cement, flooring and modular kitchen market, with a focus on consumer preference is also covered.

Besides, the report also includes city-level analysis (Mumbai, National Capital Region, Chennai, Hyderabad, Pune and Bengaluru). The report also contains a section on the trends prevailing in the industry along with major challenges. Additionally, the report identifies and rates various factors influencing the customers in selecting a housing project. Furthermore, the report provides profiling of the major players covering the business description, recent activities and their strengths and weaknesses.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.