Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Eastern Asia

Eastern Asia

In 2024, the revenue in the Bathroom Hardware market in Eastern Asia amounts to €41.46bn.
This market segment is projected to experience an annual growth rate of 2.12% (CAGR 2024-2029).
When compared to other countries globally, in China generates the highest revenue in this market, with €35,210m in 2024.
Furthermore, in relation to the total population, the per person revenue generated in Eastern Asia is €25.37 in 2024.
The demand for high-end bathroom hardware in Eastern Asia, particularly in Japan, is driven by a cultural emphasis on cleanliness and aesthetics.

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

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Analyst Opinion

The Bathroom Hardware Market in Eastern Asia nan is experiencing slow growth, impacted by factors such as limited demand, saturation of the market, and intense competition. Despite the negligible growth rate, the DIY & Hardware Store Market is expected to see some growth due to the emerging trend of consumers opting for DIY projects and home improvement activities.

Customer preferences: The Bathroom Hardware Market within the DIY & Hardware Store Market in Eastern Asia is experiencing a growing preference for eco-friendly and sustainable products. This trend is driven by a heightened awareness of environmental issues and a desire for more responsible consumption. Additionally, with the region's aging population, there is an increasing demand for bathroom hardware that caters to the needs of older individuals, such as grab bars and non-slip surfaces. These shifting consumer preferences suggest a need for retailers to offer a diverse range of environmentally-friendly and age-friendly options in their bathroom hardware selection.

Trends in the market: In Eastern Asia, there is a growing trend towards eco-friendly and sustainable bathroom hardware, with consumers increasingly seeking products made from natural materials such as bamboo and recycled plastic. This trend is not only driven by environmental concerns, but also by the increasing demand for high-quality and durable products. Additionally, there is a rise in smart bathroom technology, with features such as touchless faucets and temperature-controlled showers gaining popularity. These trends indicate a shift towards a more conscious and convenient bathroom experience for consumers, presenting opportunities for industry stakeholders to innovate and cater to changing consumer preferences.

Local special circumstances: In Eastern Asia, the Bathroom Hardware Market within the DIY & Hardware Store Market is heavily influenced by the region's strong focus on quality and durability. Consumers prioritize high-quality, long-lasting products, leading to a demand for premium bathroom hardware brands. Additionally, cultural preferences for sleek and modern designs drive the popularity of minimalist and functional bathroom hardware. Moreover, regulatory standards for safety and sustainability heavily impact product offerings, with many companies investing in eco-friendly and non-toxic options to meet consumer demands.

Underlying macroeconomic factors: The demand for bathroom hardware in the DIY & Hardware Store Market is heavily influenced by macroeconomic factors, such as the overall economic health of Eastern Asian countries, as well as global economic trends and fiscal policies. Countries with stable economies and strong investments in home improvement and infrastructure development are experiencing higher demand for bathroom hardware. Additionally, the growth of the aging population in Eastern Asia is driving the demand for home improvement products and renovations, further boosting the bathroom hardware market.

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.