Market Research Report
China Bathrooms 2019
|Published by||BRG Building Solutions||Product code||306341|
|Published||Content info||214 Pages
Delivery time: 1-2 business days
|China Bathrooms 2019|
|Published: July 31, 2019||Content info: 214 Pages||
This report provides an in-depth analysis of the Chinese bathroom market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
The Chinese bathroom market saw slow growth in 2018 due to the slowing down of new dwelling completions and sales to housing RMI and fully renovated housing projects. The sales of bathroom products in the housing RMI segment grew faster than into new construction driven by the improvement of household incomes, growth in the number of young consumers, the middle class and the ending of the lifespans of housing built 10 to 20 years ago. The acceleration of urbanization and the improvement of infrastructure and housing conditions in tier three to tier four cities and vast rural areas boosted the demands for modern bathroom products with sales growing quickly in these areas. The bathroom market in tier one and tier two cities tends to be mature and there are growing sales of medium to premium products for the upgrade of bathroom and the redecoration of homes. In the non-housing sector, the increasing renovation and upgrading of hotels and offices, and growing construction of new schools, hospitals, sports and recreational facilities led to the demand for medium to high end bathroom products.
The market outlook for bathroom products in China is positive because of an expected growth of the economy, strong demands in housing RMI segment and increasing construction and refurbishment activities in non-housing sector. Despite the slowing down of new dwelling completions, the sales to fully renovated housing will continue to grow with more completions in more regions under the governments' supporting policies. In addition, the construction of new dwellings should continue to grow in tier three to tier four cities with the acceleration of urbanization with no controlling policies imposed. The housing RMI segment will continue to grow with the improvement of incomes. The acceleration of urbanization and the government's plan on improving public and commercial infrastructure will continue to boost the demands for bathroom products in the non-housing segment in the future.
This report focuses on the following product categories: