Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Argentina

Argentina

In Argentina, the revenue generated in the Bathroom Hardware market is estimated to be €0.54bn in 2024.
It is projected to experience an annual growth rate of 1.79% (CAGR 2024-2029).
Comparatively, in China generates the highest revenue in the global market, amounting to €35,210m in 2024.
When considering the population size, the per person revenue in Argentina is €11.63 in 2024.
The demand for high-quality, locally-made bathroom hardware in Argentina is on the rise, as consumers prioritize supporting domestic manufacturers.

Key regions: Turkey, Indonesia, Japan, Nigeria, Germany

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Bathroom Hardware Market in the DIY & Hardware Store Market of Argentina is experiencing minimal growth due to factors such as low consumer demand and saturation of the market. Despite this, online services and increasing health awareness may drive future growth.

Customer preferences: Due to the COVID-19 pandemic, there has been a growing trend towards DIY home improvement projects, as individuals spend more time at home and look for ways to enhance their living spaces. As a result, there has been an increase in demand for bathroom hardware in Argentina, with consumers prioritizing functional and stylish products for their DIY bathroom renovations. This reflects a shift towards personalized and affordable home improvement solutions, driven by a desire for comfort and comfortability in the home.

Trends in the market: In Argentina, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a shift towards eco-friendly and sustainable products. This trend is driven by increasing consumer awareness and demand for environmentally responsible options. In addition, there is a growing preference for smart and automated bathroom hardware, such as motion-sensor faucets and self-cleaning toilets. These trends are expected to continue in the future, with potential implications for industry stakeholders including the need for innovative and eco-friendly product offerings and a digital strategy to cater to the demand for smart products.

Local special circumstances: In Argentina, the Bathroom Hardware Market within the DIY & Hardware Store Market is influenced by the country's economic fluctuations, as well as cultural preferences for DIY home renovations. The market is also impacted by strict import regulations, which limit the availability of international brands. Additionally, the country's geographic diversity, with urban and rural areas, affects the distribution and pricing of bathroom hardware. These unique factors contribute to a dynamic market with opportunities for both local and international players.

Underlying macroeconomic factors: The growth of the Bathroom Hardware Market within the DIY & Hardware Store Market in Argentina is heavily influenced by a variety of macroeconomic factors. Global economic trends, such as consumer spending and trade policies, have a significant impact on the availability and cost of bathroom hardware products. Furthermore, the national economic health of Argentina, including inflation rates and employment levels, can directly affect consumer demand and market performance. Fiscal policies, such as taxes and tariffs, can also impact the competitiveness of bathroom hardware products in the country. Overall, a stable and thriving macroeconomic environment is crucial for the growth of the Bathroom Hardware Market within the DIY & Hardware Store Market in Argentina.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.