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Vietnam Sanitary Ware & Bathroom Accessories Market - Forecast(2024 - 2030)
Vietnam Sanitary Ware & Bathroom Accessories Market Overview
Vietnam Sanitary Ware & Bathroom Accessories Market size was valued at $578 million in 2020, and is anticipated to reach $743 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Vietnam sanitary ware & bathroom accessories industry growth rate is attributed to the rapid economic growth along with higher purchasing power among consumers and is anticipated bringing new opportunities. Items used in bathrooms and kitchens are referred to as sanitary ware and bathroom accessories. Washbasins, toilet sinks/Water Closet, pedestals, and cisterns, as well as toilets, flushing systems, and other bathroom fixtures like soap holders and towel rings, are all included in the market. Porcelain, a ceramic material, was commonly used, but it is now available in a wide range of materials, including metals, glass, and plastics. Further, numerous ambitious programs launched by the government, are poised to provide significant impetus to the demand for sanitary wares. Furthermore, replacement of old bathroom sanitary ware also creates demand for new sanitary wares & bathroom accessories. In addition, government impetus on housing through investment inducing policies, reduction in interest rates for housing loans, and increase in nuclearization is anticipated to catalyze demand for housing going forward.
Report Coverage
The report: “Vietnam Sanitary Ware & Bathroom Accessories Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vietnam Sanitary Ware & Bathroom Accessories Market:
By Product Type: Sanitary Ware, Bathroom Accessories.
By Material: Ceramic, Pressed Metal, Acrylic Plastics & Perspex, Others.
By Distribution Channel: Multiband Stores, Exclusive Stores, Online, Other.
By End Users: Residential, Commercial.
Key Takeaways
- The factors such as rapid urbanization, growing economies, and improved consumer purchasing power are amongst the major factor projected to impel growth of Vietnam sanitary ware & bathroom accessories market.
- Additionally, factors such as growth of modern intelligent technology and innovative designs in diverse sanitary ware products coupled with huge middle class population are demanding high-end premium sanitary ware products due to shift in lifestyle patterns are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.
Vietnam Sanitary Ware & Bathroom Accessories Market, By Product Type 2020(%)
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Vietnam Sanitary Ware & Bathroom Accessories Market Segment Analysis - By Material
In 2020, on the basis of material, ceramic segment accounted for the largest segmental revenue of the Vietnam sanitary ware & bathroom accessories market. The ceramic segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 6.89% on account of the growing Vietnam sanitary ware & bathroom accessories consciousness. The growth of the segment is mainly attributed to its easy-to-clean, smooth surface, along with enhanced hygiene standards and high resistance toward chemical acids, hydrochloric compounds, or strong cleaning fluids thereby, positively impacting the segment growth. Furthermore, ceramic is the most preferred material for manufacturing high-quality sanitary fittings due to its pleasant appearance and versatility.
Vietnam Sanitary Ware & Bathroom Accessories Market Segment Analysis - By End Users
On the basis of end users, residential segment accounted for the largest segmental revenue of the Vietnam Sanitary Ware & Bathroom Accessories market in 2020 and is projected to dominate over the forecast period 2021-2026 with a CAGR of 6.5% owing to increasing economic growth driving incomes, the purchasing power is expected to increase significantly, across all consumer groups, thus, creating one of the largest consumer groups. The majority of the Vietnam families had not considered installing stylish bathroom fittings earlier. However, with the increase in disposable incomes, the middle and upper classes are willing to spend more on their lifestyle products, such as bathroom fittings and accessories. People are opting for bigger and better bathrooms as a sure sign of luxurious living. Additionally, increasing the sizes of bathrooms also gives a chance of adorning the space with exquisite fixtures.
Vietnam Sanitary Ware & Bathroom Accessories Market Drivers
Growing Urbanization
The Vietnam sanitary ware & bathroom accessories market is poised to receive upswing owing to significant increase in the preference for bath fittings market in Vietnam has been majorly driven by rising urbanization and improving consumer awareness regarding new bath accessories. A home with at least one bathroom has become a necessity in urban areas, which in turn has led to an increase in demand for bathroom fittings. The primary factors driving the bathroom fittings market include rapid urbanization and improving living standards. As a result, consumers are now becoming more inclined toward premium and high-end household fittings. In addition to this, the increasing urbanization levels, along with the growing construction of smart and luxury housing projects have further augmented the demand for bathroom fittings. Various automated bathroom accessories including, sensor taps, smart showers/mixers, automatic soap dispensers, etc., are gaining popularity, precisely among the urbanized population.
Vietnam Sanitary Ware & Bathroom Accessories Market Challenges
Strict Regulations And Lack Of Reimbursement
Despite several drivers, stringent government regulations and environmental policies are some of the major factors that are projected to hamper the Vietnam sanitary ware & bathroom accessories market growth to a certain extent over the forecast period 2021-2026. Conversely, technological developments and introduction of new innovations such as aerial showers, smart showers, and cascade flow in the showers are emerging sanitary ware & bathroom accessories market trends in the region during the forecast period 2021-2026.
Vietnam Sanitary Ware & Bathroom Accessories Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Vietnam sanitary ware & bathroom accessories Market. In 2020, Vietnam sanitary ware & bathroom accessories market share is fragmented by the top ten players present in the market. Vietnam Sanitary Ware & Bathroom Accessories Market top 10 companies are CAESAR Bathroom, Gessi SpA, Innoci Vietnam, Jaquar Group, LIXIL Group, Roca Sanitario, S.A.,TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh) and others.
Relevant Reports:
Report Code: CMR 79966
Report Code: CPR 0039
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1. Vietnam Sanitary Ware & Bathroom Accessories Market - Overview
1.1 Definitions and Scope
2. Vietnam Sanitary Ware & Bathroom Accessories Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by End User
3. Vietnam Sanitary Ware & Bathroom Accessories Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Vietnam Sanitary Ware & Bathroom Accessories Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Vietnam Sanitary Ware & Bathroom Accessories Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Vietnam Sanitary Ware & Bathroom Accessories Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Vietnam Sanitary Ware & Bathroom Accessories Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Vietnam Sanitary Ware & Bathroom Accessories Market – By Product Type (Market Size –$Million/$Billion)
8.1 Sanitary Ware
8.1.1 Toilet Sink/Water Closet
8.1.2 Wash Basin
8.1.3 Pedestal
8.1.4 Cistern
8.2 Bathroom Accessories
8.2.1 Towel Rack/Ring
8.2.2 Hook
8.2.3 Paper Holder
8.2.4 Grab Bars
8.2.5 Others
9. Vietnam Sanitary Ware & Bathroom Accessories Market - By Material (Market Size –$Million/$Billion)
9.1 Ceramic
9.2 Pressed Metal
9.3 Acrylic Plastics & Perspex
9.4 Others
10. Vietnam Sanitary Ware & Bathroom Accessories Market - By Distribution Channel (Market Size –$Million/$Billion)
10.1 Multiband Stores
10.2 Exclusive Stores
10.3 Online
10.4 Other
11. Vietnam Sanitary Ware & Bathroom Accessories Market - By End User (Market Size –$Million/$Billion)
11.1 Residential
11.2 Commercial
12. Vietnam Sanitary Ware & Bathroom Accessories Market - Entropy
13. Vietnam Sanitary Ware & Bathroom Accessories Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Country – Key Companies
13.1.3 Best Practices for Companies
14. Vietnam Sanitary Ware & Bathroom Accessories Market – Key Company List by Country Premium Premium
15. Vietnam Sanitary Ware & Bathroom Accessories Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)1.1 Toilet/Water closet Market 2023-2030 ($M) - Global Industry Research
1.2 Wash basin Market 2023-2030 ($M) - Global Industry Research
1.3 Pedestal Market 2023-2030 ($M) - Global Industry Research
1.4 Cistern Market 2023-2030 ($M) - Global Industry Research
1.5 Faucets Market 2023-2030 ($M) - Global Industry Research
1.6 Showers Market 2023-2030 ($M) - Global Industry Research
2.Global SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
2.1 Ceramic Market 2023-2030 ($M) - Global Industry Research
2.2 Pressed Metal Market 2023-2030 ($M) - Global Industry Research
2.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Global Industry Research
3.Global SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 (Volume/Units)
3.1 Toilet/Water closet Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Wash basin Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Pedestal Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Cistern Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Faucets Market 2023-2030 (Volume/Units) - Global Industry Research
3.6 Showers Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global SANITARY WARE MARKET BY MATERIAL Market 2023-2030 (Volume/Units)
4.1 Ceramic Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Pressed Metal Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Acrylic Plastic Perspex Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
5.1 Toilet/Water closet Market 2023-2030 ($M) - Regional Industry Research
5.2 Wash basin Market 2023-2030 ($M) - Regional Industry Research
5.3 Pedestal Market 2023-2030 ($M) - Regional Industry Research
5.4 Cistern Market 2023-2030 ($M) - Regional Industry Research
5.5 Faucets Market 2023-2030 ($M) - Regional Industry Research
5.6 Showers Market 2023-2030 ($M) - Regional Industry Research
6.North America SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
6.1 Ceramic Market 2023-2030 ($M) - Regional Industry Research
6.2 Pressed Metal Market 2023-2030 ($M) - Regional Industry Research
6.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Regional Industry Research
7.South America SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
7.1 Toilet/Water closet Market 2023-2030 ($M) - Regional Industry Research
7.2 Wash basin Market 2023-2030 ($M) - Regional Industry Research
7.3 Pedestal Market 2023-2030 ($M) - Regional Industry Research
7.4 Cistern Market 2023-2030 ($M) - Regional Industry Research
7.5 Faucets Market 2023-2030 ($M) - Regional Industry Research
7.6 Showers Market 2023-2030 ($M) - Regional Industry Research
8.South America SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
8.1 Ceramic Market 2023-2030 ($M) - Regional Industry Research
8.2 Pressed Metal Market 2023-2030 ($M) - Regional Industry Research
8.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Regional Industry Research
9.Europe SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
9.1 Toilet/Water closet Market 2023-2030 ($M) - Regional Industry Research
9.2 Wash basin Market 2023-2030 ($M) - Regional Industry Research
9.3 Pedestal Market 2023-2030 ($M) - Regional Industry Research
9.4 Cistern Market 2023-2030 ($M) - Regional Industry Research
9.5 Faucets Market 2023-2030 ($M) - Regional Industry Research
9.6 Showers Market 2023-2030 ($M) - Regional Industry Research
10.Europe SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
10.1 Ceramic Market 2023-2030 ($M) - Regional Industry Research
10.2 Pressed Metal Market 2023-2030 ($M) - Regional Industry Research
10.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Regional Industry Research
11.APAC SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
11.1 Toilet/Water closet Market 2023-2030 ($M) - Regional Industry Research
11.2 Wash basin Market 2023-2030 ($M) - Regional Industry Research
11.3 Pedestal Market 2023-2030 ($M) - Regional Industry Research
11.4 Cistern Market 2023-2030 ($M) - Regional Industry Research
11.5 Faucets Market 2023-2030 ($M) - Regional Industry Research
11.6 Showers Market 2023-2030 ($M) - Regional Industry Research
12.APAC SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
12.1 Ceramic Market 2023-2030 ($M) - Regional Industry Research
12.2 Pressed Metal Market 2023-2030 ($M) - Regional Industry Research
12.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Regional Industry Research
13.MENA SANITARY WARE BATHROOM ACCESSORIES MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
13.1 Toilet/Water closet Market 2023-2030 ($M) - Regional Industry Research
13.2 Wash basin Market 2023-2030 ($M) - Regional Industry Research
13.3 Pedestal Market 2023-2030 ($M) - Regional Industry Research
13.4 Cistern Market 2023-2030 ($M) - Regional Industry Research
13.5 Faucets Market 2023-2030 ($M) - Regional Industry Research
13.6 Showers Market 2023-2030 ($M) - Regional Industry Research
14.MENA SANITARY WARE MARKET BY MATERIAL Market 2023-2030 ($M)
14.1 Ceramic Market 2023-2030 ($M) - Regional Industry Research
14.2 Pressed Metal Market 2023-2030 ($M) - Regional Industry Research
14.3 Acrylic Plastic Perspex Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)2.Canada Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
3.Mexico Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
4.Brazil Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
5.Argentina Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
6.Peru Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
7.Colombia Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
8.Chile Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
9.Rest of South America Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
10.UK Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
11.Germany Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
12.France Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
13.Italy Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
14.Spain Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
15.Rest of Europe Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
16.China Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
17.India Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
18.Japan Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
19.South Korea Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
20.South Africa Vietnam Sanitary Ware & Bathroom Accessories Market Revenue, 2023-2030 ($M)
21.North America Vietnam Sanitary Ware & Bathroom Accessories By Application
22.South America Vietnam Sanitary Ware & Bathroom Accessories By Application
23.Europe Vietnam Sanitary Ware & Bathroom Accessories By Application
24.APAC Vietnam Sanitary Ware & Bathroom Accessories By Application
25.MENA Vietnam Sanitary Ware & Bathroom Accessories By Application
26.CAESAR BATHROOM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.GESSI SPA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.INNOCI VIETNAM COMPANY LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.ITALISA VIETNAM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.JAQUAR GROUP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.LIXIL GROUP CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.ROCA SANITARIO, S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.THIEN THANH SANITARYWARE JOINT STOCK COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.TOTO LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.VIGLACERA CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)