( MENAFN - EIN Presswire) Sanitary Ware Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Sanitary Ware Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, October 29, 2024 /EINPresswire / -- The Business Research Company 's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! The sanitary ware market has experienced significant growth in recent years, expected to increase from $38.76 billion in 2023 to $40.89 billion in 2024, representing a compound annual growth rate (CAGR) of 5.
5%. This historical growth can be linked to advancements in the real estate and construction sectors, trade liberalization and global partnerships, the expansion of retail outlets, growth in the tourism and hospitality industries, and the need for infrastructure upgrades. What Is the Projected Market Size of the Global Sanitary Ware Market and Its Growth Rate? The sanitary ware market is projected to experience robust growth over the next several years, reaching $50.
81 billion by 2028, with a compound annual growth rate (CAGR) of 5.6%. This anticipated growth during the forecast period is driven by the increasing significance of digital marketing and e-commerce, a rising preference for wellness-focused bathroom products, investments in research and development, growing demand for premium and luxury sanitary goods, and the impact of .