The commercial segment was valued at $91.8 million, accounting for 25.6% of the New Zealand bathroom products market share
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, March 4, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "New Zealand Bathroom Products Market by Price Point, Application, Distribution Channel, Type, and Industry Forecast, 2021-2030". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. 𝐓𝐡𝐞 𝐍𝐞𝐰 𝐙𝐞𝐚𝐥𝐚𝐧𝐝 𝐛𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟑𝟓𝟖.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎, 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟕𝟕𝟐.𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟎% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟏 𝐭𝐨 𝟐𝟎𝟑𝟎. Faucets & Showers segment helds the major share of 29.7% in 2020.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/16385
Bathroom products have become essential bathroom accessories used in routine life. Bathroom products such as faucets, showers, bathtubs, and basins are commonly made up of ceramic, stone, glass, wood, metal, and other materials. Bathroom products accessories are available in different designs and styles that are used for different purposes and with convenience of people.
Lifestyle of consumers, especially in urban areas, is changing significantly, owing to increase in standard of living and inspiration to experience luxury lifestyle. Bathroom products such as toiletries, soap dispensers, faucets & showers, and basin & bathtubs are now becoming integral to modern lifestyles. Furthermore, demand for bathroom products has increased in the recent past as consumers now desire to impart a luxurious and aesthetic value to their bathrooms.
Driven by modernization and technology, the New Zealand bathroom products market is at the verge of expansion. The New Zealand market is disrupted throughout the value chain from sourcing to manufacturing, procurement, transportation, distribution, warehousing & inventory, advertising & marketing, and after sales services, which are all evolving, not just in bathroom products but throughout the broader bathroom vanity market.
According to New Zealand bathroom products market trends, on the basis of type, the toiletries segment has highest share in product market. Awareness and consciousness of population regarding cleanliness and sanitation is the major factor that boosts the New Zealand bathroom products market growth. Presently, owing to the rise in cases of the deadly coronavirus, washing hands and maintain hygiene and cleanliness in public areas is of utmost importance and has also been mandated by the WHO as basic means to avoid the spread of the diseases. Hence, demand for sanitization products such as hand washes, which are basically liquid soaps has increased, which, in turn, propels the market growth.
On the basis of application, the commercial segment was the significant contributor to the market, with $91.8 million in 2020, and is estimated to reach $208.3 million by 2030, at a CAGR of 8.5% during the forecast period. The segment witnessed a major growth rate, owing to the growing tourism and hospitality sector. Expansions of the hotel & quick services restaurants are significant users of bathroom products. Furthermore, luxury hotels are major buyers for luxury price point bathroom products, which is expected to support growth of the New Zealand bathroom products market.
𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞: https://www.alliedmarketresearch.com/checkout-final/49cd45ff7cb5bb4e133e687321326648
The key players profiled in this report include Atherna Bathrooms, Felton Industries Ltd, Foreno Tapware, GWA Group Limited, Heirloom International Ltd., Kohler Co., NZ Glass, Robertson Bathware, Sussex Taps, and The Procter And Gamble Company.
𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐢𝐧 𝐍𝐞𝐰 𝐙𝐞𝐚𝐥𝐚𝐧𝐝:
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: New Zealand has experienced a steady increase in its housing market, which translates to more construction and renovation projects. Bathrooms are essential spaces in any home, creating a demand for a variety of products.
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐨𝐟 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭: With the rise of home improvement shows and DIY culture, consumers are becoming more aware of the importance of bathroom aesthetics and functionality, leading to a willingness to invest in quality bathroom products.
𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: New Zealand has a strong focus on sustainability and environmental conservation. There is a growing demand for eco-friendly bathroom products such as water-saving fixtures, recyclable materials, and energy-efficient appliances.
𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: The tourism industry in New Zealand is significant, attracting millions of visitors each year. The hospitality sector requires well-equipped bathrooms in hotels, resorts, and other accommodation options, creating a commercial market for bathroom products.
𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐇𝐢𝐠𝐡-𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬: New Zealanders generally have a preference for high-quality products that offer durability and long-term value. Investing in premium bathroom products with innovative features can attract discerning customers.
𝐎𝐧𝐥𝐢𝐧𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: The rise of e-commerce provides an excellent opportunity to reach a broader audience beyond traditional brick-and-mortar stores. Establishing a strong online presence and utilizing digital marketing strategies can help tap into the growing online retail market for bathroom products.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/16385
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:
○ The New Zealand bathroom products market was valued at $358.5 million in 2020, and is estimated to reach $772.2 million by 2030, registering a CAGR of 8.0% from 2021 to 2030.
○ In 2020, depending on application, the commercial segment was valued at $91.8 million, accounting for 25.6% of the New Zealand bathroom products market share.
○ By price point, the premium segment is estimated to witness considerable growth, registering a CAGR of 8.8% during the forecast period.
○ By distribution channel, the B2B segment is estimated to witness considerable growth, registering a CAGR of 7.8% during the forecast period.
○ In 2020, depending on type, the basin & bathtubs segment was valued at $99.8 million, accounting for 27.8% of the market share.
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐍𝐞𝐰 𝐙𝐞𝐚𝐥𝐚𝐧𝐝 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
○ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
○ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
○ Classify potential new clients or partners in the target demographic.
○ Develop tactical initiatives by understanding the focus areas of leading companies.
○ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
○ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
○ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
○ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
○ Create regional and country strategies on the basis of local data and analysis.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
○ Bathtub Market size is expected to reach $8.9 billion by 2027
○ Bathroom Mirror Cabinets Market registering a CAGR of 5.6% from 2019 to 202
https://www.alliedmarketresearch.com/bathroom-mirror-cabinets-market-A06070
○ Bathroom Heaters Market Industry Analysis, Size, Share, Growth and Forecasts 2020-2027
https://www.alliedmarketresearch.com/bathroom-heaters-market-A08026
○ Rubber Bath Mat Market Size, Growth Analysis, Opportunities
https://www.alliedmarketresearch.com/rubber-bath-mat-market-A07938
○ Liquid Bath Soap Market Trends, Opportunity and Growth Analysis
https://www.alliedmarketresearch.com/liquid-bath-soap-market-A09430
○ Bath Salts Market Size, Analysis, Opportunities, Business Outlook
https://www.alliedmarketresearch.com/bath-salt-market-A11653
David Correa
Allied Market Research
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