India Bathroom Furniture Market
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The India bathroom furniture market was valued at USD 1.1 billion in 2023 and is estimated to grow at a CAGR of 5.7% during the forecast period. The Indian market for bathroom furniture is now under the influence of urbanization and increased demand for housing.
Due to immigration to cities in search of employment opportunities and better living standards, modern housing is on the rise. This has resulted in the development of modern residential buildings, apartments, and housing projects which now include well-designed and effective bathrooms. There is now an increased emphasis from developers and owners on the aesthetic appeal and functionality of these bathrooms, which is leading to higher sales of fashionable and expensive bathroom furniture. The same is occurring in smaller towns and cities, due to the governments and private investment in infrastructure and housing. The market is changing towards a demand for aesthetic or premium lifestyle and modern bathroom furnishings, such as vanities, cabinets, and modular storage. The changes in consumer behavior are shifting towards decorative pieces that are also functional in use. This is especially true with items meant for bathrooms, which are widely regarded as a retreat by most people.
Report Attribute | Details |
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Base Year: | 2023 |
India Bathroom Furniture Market size in 2023: | USD 1.1 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.7 |
2023 Value Projection: | USD 1.9 Billion |
Historical Data for: | 2021 - 2023 |
No of Pages: | 80 |
Tables, Charts & Figures: | 20 |
Segments Covered: | By Type, Material, Installation, Application, Price Range, Distribution Channel |
Growth Drivers: |
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Pitfalls Challenges: |
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Furthermore, there is a growth of the younger working population into small families and buying houses, which increases the purchasing power for sophisticated bathroom furnishing. This demographic tends to favor modern and elegant living spaces, which consequently increases the need for bathroom furniture.
Policies such as the Smart Cities Mission and Housing for All broaden the scope of this growth since they increase the supply of better homes at lower prices all over the country. The amount of competition that exists within the Indian bathroom furniture market is extensive, both from domestic and overseas markets. Such diversity causes companies all over the world to constantly seek new methods of doing business. Marketers implement vigorous marketing strategies, introduce many new products, and provide many sales. There are also seasoned rivals and novices who try to penetrate the market by providing better ideas at lower prices. Such tactics make it difficult for companies to differentiate themselves from others, resulting in the flooding of similar products in the market. The middle class of India tends to be very sensitive towards pricing and often overlooks the quality of features that premium brands possess. Due to this reason, companies are compelled to reduce their prices, which is disadvantageous to profit margins.
Most importantly, there is a shift towards more modular and space-efficient items. There is an increase in demand for bathroom furniture that satisfies aesthetic appeal and provides utility, especially with living space becoming smaller and smaller.
To save space in small bathrooms, consumers are opting for modular vanities, wall storage, and other multi-purpose customizable fixtures. This is especially true in urban settings where bathrooms tend to be small. There is also an increasing demand for modern bathroom designs which are elegant and durable, and that use modular fittings. Focus on the environment has become an important trend. There is more awareness regarding the environment among Indian consumers, which is why there is a growing demand for bathroom furniture made from sustainable materials. Brands are now starting to provide products crafted from Bamboo, reclaimed wood, and eco-friendly composites. Furthermore, consumers require furniture with greater water and energy efficiency such as low-flow fixtures and LED lighting.
The competition in the Indian Bathroom Furnishing market is between regional small firms and international large firms, which makes it highly fragmented. The top five companies in this industry together account for 25%-30% of the total market share. Companies in the market seek differentiation through innovation, sustainability, and customer-centric designs owing to growth of competition around the globe. These companies are also expanding their portfolios to include modular, space-saving, and modern designs to address the needs of an urbanizing population and the aspirations of present-day consumers. Such products, which are directed towards meeting the practice of sustainable development on a global scale, are also gaining more attention.
Major players operating in the India bathroom furniture industry are:
Market, By Type
Market, By Material
Market, By Installation
Market, By Application
Market, By Price Range
Market, By Distribution Channel
The above information is provided for the following country:
Cera Sanitaryware, Duravit India, Geberit India, Godrej Interio, Hindustan Sanitaryware & Industries Ltd., Hindware Homes, HSIL Limited, Jaquar Group, Johnson Bathrooms, and Kajaria Ceramics, among others.
India bathroom furniture market from the residential segment is expected to record 5.8% CAGR through 2032, driven by the increasing demand for modern, aesthetically pleasing, and functional bathroom spaces in homes.
India bathroom furniture industry from the vanity unit segment held 44% revenue share in 2023, driven by the increasing demand for stylish and functional bathroom solutions.
India bathroom furniture industry size was valued at USD 1.1 billion in 2023 and is anticipated to register 5.7% CAGR between 2024 to 2032, owing to rising urbanization and increasing housing demand.