Canada Bathroom Fittings Market Overview, 2028

Canada Bathroom Fittings Market Overview, 2028

Actual Market Research 31-12-2022 69 Pages Figures : 5 Tables : 10 Region : North America Country : Canada Category : Consumer Goods & Services Household Goods

The growing construction of smart homes and smart bathrooms can be attributed to an increasing number of consumers showing a preference for a spa-like experience at home. Digital faucets that operate on sensors serve to conserve water and energy through different features such as reduced tap flow, a digital temperature control system, touchless technology, infrared tap technology, and timed settings. Three out of every ten Canadians (29%) renovated for non-essential "lifestyle" purposes, such as recreation or entertainment projects. In 2020, more than half of Canadians renovated their homes for personal enjoyment. 29 percent renovated to improve their lifestyle, while 29 percent renovated for essential reasons such as safety and maintenance. Only 16% of Canadians said they renovated to increase the market value of their home in the next one to three years. Because renovations are at an all-time high in Canada, this factor will lead to the growth of the bath fitting market. The reasons for bathroom renovations in Canada include an upgraded system, increased shower size, changed layout, modified walls, modified ceilings, modified flooring, and other factors. Among all of these, upgrading systems is the sole reason for renovation. The increasing demand for renovations and system upgrades contributes to the growth of the bath fitting market. According to the research report, “Canada Bathroom fittings Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 561.98 million by 2028. The country's growing number of residential and commercial properties, rising population, and emphasis on maintaining hygiene are all contributing to the Canada Bathroom fittings market's anticipated significant growth in the years to come. These factors are piquing consumers' interest and fueling the nation's rising demand for the product, which is anticipated to benefit the market's potential expansion. The fastest-increasing product categories in the Canadian market are faucets and showers in particular. The cost eventually decreased and the profit margin subsequently improved due to technical advancement, making the market more lucrative as a result. The World Health Organization (WHO) claims that poor sanitary conditions are one of the leading causes of death, accounting for 60% of all diarrhea-related deaths worldwide each year. The demand for bathroom linens and accessories is being driven by the realization that maintaining good personal hygiene is essential to living a healthy life. Furthermore, the market is expanding due to consumer demand for sanitary bathroom accessories such as antimicrobial toilet seats. Therefore, over the projected period, the demand for bathroom accessories in healthcare facilities, educational institutions, and offices would be driven by the growing awareness about preserving personal and sanitary cleanliness. An increased proclivity to live in single-family housing contributes significantly to the growth in demand for single-family housing, which in turn has increased demand for new house sales, positively impacting the residential market. Furthermore, the increased home improvement and remodeling of residential houses create a high demand for bath fitting products in the country. Urbanization is one of the major factors in enabling and driving the demand transformation According to the World Bank 81.65% of the Canadian population lives in cities and urban areas, there is a surplus demand for bathroom fixtures, fittings, and others. Retail establishments have increased the offline distribution channel. In the past, retail establishments were the only places to find bathroom fixtures. These places helped consumers select from a wide range of goods from retail stores. The expanded sales opportunity for bathroom fixtures through online channels led suppliers to improve the security and dependability of their online buying procedures, which in turn increased demand for these products online. The average faucet cost in Canada is around $250, and the average cost of renovating a bathroom in Canada is around $15,000. Metal gives faucets a classic look. However, due to the high cost and corrosive nature of metal, a shift toward alternative faucet materials can be seen. Furthermore, the heavy weight and limited shape and size of metal-based faucets limit the market growth. One of the main things preventing market expansion is the lengthy product replacement cycle. Branded, high-quality bathroom and toilet aids like sinks, toilets, shower units, towel rails, and rings and hooks don't need to be changed out all the time. Major bathroom accessory producers also provide warranties and guarantees for their products, which prolongs their lives. As a result, people are less likely to buy bathroom items frequently. Bathroom accessory sales are impacted by the lengthy replacement cycle, which limits the market's expansion. Smart bathroom accessories are expensive and not affordable to everyone, and they are technology-oriented as everyone is not used to technology, so it is one of the restraints that will affect the market growth of bath fittings. COVID EFFECT Various businesses in Canada were affected by COVID-19, including the bathroom fixtures industry. Segments like sanitaryware and bathroom fixtures are largely classified as discretionary spending and have witnessed a deferment of demand due to an unexpected decline in renovation and refurbishment activity in the near term due to the COVID-19 outbreak. However, public health has become an urgent matter in the current climate. The architecture and interior design of bathrooms are taking a fresh look at their foundation. Now, in the context of COVID-19, these spaces could evolve when the current pandemic finally recedes. A new wave of innovations in the bathroom would ensure that it is cleaner, more hygienic, and more comfortable. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada Bathroom fittings market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Faucets • Showers • Others (Towel Rack/Ring, Hook, Grab Bars, Paper Holder, etc.) By Distribution Channel • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Bathroom fittings industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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