Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Poland

Poland

In Poland, the revenue generated in the Bathroom Hardware market is expected to reach €278.80m in 2024.
It is projected to grow annually by 5.22% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market, with €35,210m in 2024.
In terms of per person revenues, in Poland generates €6.93 in 2024.
The demand for high-quality bathroom hardware in Poland has been steadily increasing, driven by a growing focus on modernizing and upgrading residential bathrooms.

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

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Analyst Opinion

The DIY & Hardware Store Market in Poland has seen a slight growth in the Bathroom Hardware segment, with factors such as increasing demand for renovation and home improvement projects driving it. However, strict regulations and limited product innovations are impacting the market's growth rate.

Customer preferences: "Consumers in Poland are showing a growing interest in eco-friendly and sustainable bathroom hardware products. This trend is driven by a growing awareness of environmental issues and a desire for more responsible consumption. Demographic shifts, such as the rise of millennials and Gen Z as the largest consumer groups, are also contributing to this trend, as these generations are more likely to prioritize environmental concerns. As a result, hardware stores are expanding their selection of eco-friendly bathroom products to cater to this evolving consumer preference."

Trends in the market: In Poland, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a shift towards more environmentally friendly options, such as water-saving and sustainable products. This trend is driven by the growing awareness of environmental issues and consumer demand for eco-friendly solutions. Additionally, there is a rise in the use of digital tools, such as online tutorials and virtual design services, to assist with DIY projects. These trends have significant implications for industry stakeholders as they need to adapt to changing consumer preferences and incorporate digital solutions to stay competitive in the market.

Local special circumstances: In Poland, the Bathroom Hardware Market within the DIY & Hardware Store Market is influenced by a strong DIY culture and a growing interest in home renovation and interior design. This is reflected in the demand for high-quality and aesthetically pleasing bathroom hardware products. Additionally, the country's relatively low labor costs make it an attractive market for DIY enthusiasts. Unlike other markets, Poland also has a high concentration of independent small hardware stores, which play a significant role in the distribution of bathroom hardware products.

Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Poland is affected by macroeconomic factors such as economic stability, consumer confidence, and government policies. The global economic slowdown and uncertainties in the European market have led to cautious consumer spending, which may impact the demand for bathroom hardware products. However, favorable government initiatives promoting home renovation projects and the affordable housing sector could help boost the market in the country. Additionally, the increasing trend towards DIY home improvement projects, driven by the growing popularity of home renovation shows and social media, could also positively influence the bathroom hardware market in Poland.

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.