Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Bahrain

Bahrain

In Bahrain, the revenue generated in the Bathroom Hardware market is estimated to reach €37.06m in 2024.
It is projected to experience an annual growth rate of 4.05% (CAGR 2024-2029).
Comparing globally, in China stands out as the top revenue generator in this market, with an expected revenue of €35,210m in 2024.
When considering the population figures, it amounts to a per person revenue of €24.73 in 2024.
Bahrain's bathroom hardware market is witnessing a surge in demand for luxury and high-end products, reflecting the country's affluent consumer base and growing preference for upscale bathroom designs.

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

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Analyst Opinion

The Bathroom Hardware market in Bahrain nan has seen minimal growth due to factors such as low consumer interest and limited availability of products. Despite this, the DIY & Hardware Store market in the region continues to thrive, driven by increasing demand for home improvement projects and convenience of online shopping.

Customer preferences: As consumer spending on home improvement increases in Bahrain, there is a growing preference for modern and stylish bathroom hardware. This is driven by a desire for a sleek and updated bathroom aesthetic, as well as a desire for high-quality and durable products. Additionally, there is a trend towards eco-friendly options, such as water-saving showerheads and energy-efficient lighting fixtures, in line with the country's efforts towards sustainability. These trends indicate a shift towards a more sophisticated and environmentally-conscious consumer base.

Trends in the market: In Bahrain, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a shift towards environmentally-friendly products. As consumers become more conscious of their impact on the planet, demand for sustainable and eco-friendly bathroom hardware is on the rise. This trend is expected to continue as regulations and campaigns promoting sustainability gain momentum. Industry stakeholders should take note of this trend and consider incorporating eco-friendly products in their offerings to stay relevant in the market. Additionally, the rise of e-commerce platforms has made it easier for consumers to access a wider range of products, increasing competition for traditional brick-and-mortar stores. This may require industry players to adapt their sales and marketing strategies to cater to the growing online market.

Local special circumstances: In Bahrain, the DIY & Hardware Store Market is heavily influenced by the country's oil-based economy, with a focus on construction and home improvement projects. As a result, the Bathroom Hardware Market has a strong demand for high-quality, durable products that can withstand the country's harsh desert climate. Additionally, the cultural emphasis on hospitality and cleanliness drives demand for a wide range of bathroom accessories, such as luxurious fixtures and decorative items. Strict regulations on labor and building materials also play a significant role in shaping the market dynamics for bathroom hardware in Bahrain.

Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Bahrain is significantly impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. The country's strong economic growth and government support for the DIY & Hardware industry have resulted in a rising demand for bathroom hardware products. Furthermore, the increasing focus on home renovation and remodeling projects, along with the growing urbanization and disposable income in Bahrain, are also fueling market growth. However, the fluctuating oil prices and the potential impact of the COVID-19 pandemic on the economy can pose challenges for the market's growth in the short term.

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.