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India Bath Fittings and Accessories Market Outlook to 2019 - Increasing Urbanization and Emergence of Foreign Players to Drive Future Growth

  • May 2015
  • -
  • Ken Research Private Limited
  • -
  • 79 pages

Summary

Table of Contents

EXECUTIVE SUMMARY

The report titled “India Bath Fittings and Accessories Market Outlook to 2019 – Increasing Urbanization and Emergence of Foreign Players to Drive Future Growth” provides a comprehensive analysis of the various aspects such as market size of the India bath fittings and accessories market. The report comprehensively covers segmentation for each product, market share in bath fittings as well as accessories market. The report also provides a competitive landscape for small players operating in the bath accessories product market. It also shed light upon the future prospects of the Industry with the macroeconomic analysis.

The growth for bath fittings and accessories market in India has been majorly driven by a surge in personal disposable income, rising urbanization, promising growth of real estate sector, rise in hospitality industry and improving consumer awareness regarding new bath accessories. However, there are some restraints that have constrained the growth of this sector such as low demand in replacement market, market restricted to urban areas and smaller bathroom size in India. Despite this, the rise of nuclear families along with exposure to international set ups are the two primary reasons for increase in bath fittings and accessories business in recent years. The bath fittings and accessories market in India is highly untapped considering a larger population resides in rural areas. In FY’2014, the capacity utilization by major companies has enhanced, complemented with the emergence of global and local SMEs bath fittings and accessories manufacturers. This trend has given the industry a new shape and thus pushed the market revenues to INR ~ during FY’2014.

Over the years FY’2009-FY’2014, the market for bath fittings and accessories has been dominated by bath fittings segment, which has accounted for ~% of the revenues during FY’2014. The reason behind this domination has been attributed to the fact that bath fittings are an integral part of every bathroom as far as urban lifestyles are concerned. The market for bath fittings in India is extremely fragmented with a number of organized and unorganized players operating in the market. The leader in the bath fittings market in India is Jaquar, which has commanded a noteworthy market share during FY’2014, recorded at ~% in terms of domestic market revenues.

The market for bath accessories in India has majorly been dominated by unorganized sector which accounted for ~% of the overall market revenues during FY’2014. Marc is the clear leader in bath accessories market of India which has posted revenues share worth ~% during FY’2014.

With India being a huge market for residential projects and real estate, the driving winds are favourable for bath fittings and accessories brands in India. The major growth driver has been the change in the perception people look at bathrooms today. Bathroom is no longer a place which is just used to bath, but the purpose also focuses on the relaxing aspect, which was missing earlier. The government has taken an initiative to improve the sanitation in rural areas where penetration is still lower. This is projected to earmark a growth in demand for basic bath fitting products. Owing to these aforementioned factors, the revenues for bath fittings and accessories are projected to incline at an impressive CAGR of ~% during the future outlook FY’2015-FY’2019.

Key Topics Covered in the Report:
- The market size of the India Bath Fittings and Accessories Market
- The market size of the Bath Fittings Market
- The market size of the Bath Accessories Market.
- Market segmentation of bath fittings and accessories on the basis of products, organized and unorganized sector, new and replacement demand and by product class
- India bath fittings and accessories market trade scenario
- Trends and Development in the India Bath Fittings and Accessories market.
- Competitive landscape and detailed company profiles of the major manufacturers of in India Bath Fittings and Accessories Market.
- Future outlook and projections of the India Bath Fittings and Accessories Market

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