Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Worldwide

Worldwide

The Bathroom Hardware market worldwide generated a revenue of US$128.30bn in 2024.
It is projected to experience an annual growth rate of 2.51% (CAGR 2024-2028).
When comparing revenue on a global scale, in China leads the way with US$38,360m in 2024.
In terms of per capita revenue, each person worldwide generated US$16.56 in 2024.
The Bathroom Hardware market is a significant contributor to the overall economy.
Despite the worldwide demand for bathroom hardware, the United States remains the leading market for high-end and innovative products.

Key regions: Worldwide, Turkey, United States, Germany, Brazil

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Analyst Opinion

The Bathroom Hardware segment has experienced significant growth in recent years, driven by an increasing consumer interest in home renovations. Homeowners are investing in remodeling and upgrading their bathrooms to enhance the overall aesthetic appeal and functionality of the space. As a result, the demand for a wide range of bathroom hardware products, such as shower heads, faucets, towel bars, and soap dispensers, is increasing.

The impact of the Covid-19 pandemic on the Bathroom Hardware segment was complex, with both positive and negative effects. While the initial impact was a slowdown in demand due to closed retailers and heightened uncertainty, the longer-term impact was a surge in demand as people spent more time at home due to lockdowns and remote work arrangements. As a result, the bathroom hardware market saw a steady increase in demand for its products, even as the Covid-19 pandemic continued to disrupt the global economy.

Despite the current negative economic indicators, the outlook for the Bathroom Hardware segment is expected to remain positive. The demand for bathroom hardware products is driven by the ongoing trend of home renovation and improvement, and this trend is likely to continue, even in the face of economic uncertainty. As homeowners continue to focus on creating comfortable and functional home environments, the demand for high-quality bathroom hardware products is expected to remain strong.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.