Market size of sanitary ware will expand to 2.5 billion dollar

Recently, the "2021 prefabricated Bathroom development White Paper" co-edited by guangdong Building Materials association prefabricated Building branch, Mining and Construction, China Building Standards Design and Research Institute was released.The white paper shows that in recent years, with the improvement of overall sanitary production technology, domestic manufacturers reduce all kinds of production costs and gross profit rate is rising; Various manufacturers have launched color steel plate, ceramic tile composite board products, laid a good foundation for the overall bathroom industry gets into the residential project.
Considering the promotion of prefabricated buildings and the increase of overall bathroom penetration, it is estimated that the overall bathroom market (hotel/apartment/residential) will expand from 0.25 billion yuan to 2.5 billion dollar in 2018-2025, with a CAGR of 39.6%.The overall bathroom industry will be mainly used in budget hotels (new/renovated), long rental apartments and finished houses.
At present, sanitary enterprises have begun to integrate emerging technologies to launch a series of smart sanitary products, including smart toilet, smart bathroom cabinet, smart sink, smart bathtub, smart shower room, smart faucet, smart light control system and other new sanitary products, to provide people with comfortable and convenient life experience.

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Development trends of the sanitary ware industry