Colombia Sanitary Ware Market Overview, 2028

Colombia Sanitary Ware Market Overview, 2028

Actual Market Research 31-12-2022 75 Pages Figures : 6 Tables : 16 Region : South America Country : Colombia Category : Consumer Goods & Services Household Goods

In the forecasted period of 2022 to 2028, the market for sanitary ware is anticipated to develop. The growth of the sanitary ware market in Colombia is significantly influenced by technological advancement in the area. Toilets, sinks, faucets, and other sanitary appliance installations are referred to as sanitary ware. Although they can also be constructed of glass, metal, or any other material, they are typically made of ceramic or porcelain. Major corporations have released a variety of designs that are functional yet aesthetically beautiful. According to the research report "Colombia Sanitary Ware Market Overview, 2028," published by Bonafide Research, the market will grow by USD 0.18 Billion in the upcoming period, 2022–2028. The market for sanitary ware in Colombia is divided into segments based on product type, end-use, and distribution channels that are offline and online. The wash basin (vanity basin, pedestal, wall mounted, tabletop, corner, etc.), toilet sink (commodes and cisterns), urinal, bathtub, and other segments make up the Colombia sanitary ware market's product type segment. The demand for sanitary ware goods in Colombia may be significantly impacted by a fall in the industry's income and growth since so many sanitary ware products are being installed in commercial and residential structures. The average price of ceramic sanitary ware exported in 2021 was roughly consistent with the previous year. However, the export price saw a noticeable decline over the period under consideration. According to the World Bank data the population of Colombia in 2021, was 51,516,562 people 2021 with a gender ratio of 49% men to 50.7% women. The annual growth of the population is 1.1%. The regional market’s growth is credited to government initiatives, the growing commercial construction industry, and strong capital investments. In this regard, several construction firms received about USD10 Billion in concession projects in April 2021. Additionally, the development of new hotels and the expansion of existing hotels are expected to be crucial in promoting commercial construction in Colombia. As a result, these variables are assessed for their potential to boost Colombia's sanitary ware market growth throughout the anticipated years. Also, favorable business policies are evaluated to attract private investment, in the construction industry. Such developments are projected to augment market growth. The sanitary ware market is divided into ceramic, metal, glass, and others based on material. In 2021, the ceramic sector will have the biggest market share in the material category due to its lower cost and superior handling qualities. It is also predicted to develop at a faster rate due to the availability of numerous colors in ceramic-based goods in Colombia. The sanitary ware market has been divided into two categories based on operation mode: manual and automated. Manual mode is likely to dominate the operating mode sector in 2021, as most sanitary ware items are operated manually; however, with increasing innovations, an automated mode is expected to rise at a faster rate, as automatic faucets and cisterns are rapidly adopted. The sanitary ware market is divided into rectangles, squares, curved, round, domed tops, and other shapes. In 2021, the curved segment has the biggest market share in Colombia in the form segment and is predicted to develop at a faster pace because curved shape items have exquisite aesthetics and complement most interior design themes, and curved shapes are easier to clean. The sanitary ware market has been divided into three categories based on color: white, black, and others. As white sanitary products are widely supplied across the world, the color sector will be dominated by white in 2021 Colombia. The sanitary ware market has been divided into two segments based on end-user: residential, and commercial. In 2021, the residential segment accounts for the largest market share in the end-user segment as the number of residential properties are more and sanitary ware are essential products, residential segment is expected to grow at a high rate as many multi-family buildings are in construction around the globe. Colombian multinational Corona was established in 1929 and has more than 129 years of expertise in the market. It produces a range of sanitary ware items that are marketed as Alto, Aramis, Ava, Barrett, and Brentwood. 17 manufacturing facilities are owned by the company in Colombia, while a commercialization firm is located in Mexico. Corona exports its goods to several nations, including those in Latin America like Chile, Venezuela, and Brazil. Some of the competitors in this market include Cera Sanitary ware Limited, Laufen Bathrooms AG, Elkay Manufacturing Company, Jaquar Group, Villeroy & Boch AG, Rak Ceramics, Fortune Brands Home & Security Inc, Corona, and Toto Ltd. Covid19 impact on the sanitary ware market The COVID-19 outbreak caused havoc and disruptions all across the world. The pandemic and the ensuing shortages of raw materials that followed hampered international trade and have influenced all industries. Lockdowns and orders to stay at home during the first few months of the pandemic completely halted production. In the early stages of the pandemic, ceramic sanitary ware production was halted. As soon as commercial activity was allowed, sales of sanitary goods started to increase as people become more conscious of the importance of personal cleanliness and sanitation. Customers favor shopping online over going to a physical store. Many producers of sanitary ware were forced to respond by moving their operations online. As a result, the market for ceramic sanitary ware was significantly impacted by the pandemic. Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Colombia sanitary ware 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 • Toilet Sink (Commodes) and Cistern (Water Closet) • Wash Basins (Vanity Basins, Pedestal, Wall hung, Table top, Corner, etc.) • Urinal • Bathtubs • Others By Technology • Slip casting • Pressure casting • Others By End User • Residential • Commercial 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, and annual reports of companies, analyzing the 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 sanitary ware 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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