PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279889
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279889
Global Aging in Bathroom Products Market is valued approximately USD 5.08 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2023-2030. The construction sector of residential buildings, hotels, restaurants, and airports is experiencing a surge in development, which is creating opportunities for players in the aging bathroom products industry. This growth is being driven by the increasing need for convenient bathrooms that cater to the unique needs of the elderly and those with limited mobility. Additionally, there is a growing demand for multi-functional bathroom fixtures that not only serve a practical purpose but also have aesthetic appeal, which is further boosting the market for aging bathroom products.
In January 2021, Marriott International announced that it planned to open 100 new hotels in Asia Pacific over the next three years, as part of its ongoing expansion plans in the region. Along with this, in February 2022, AccorHotels, one of the world's leading hotel companies, announced that it had signed agreements to open 15 new hotels in India over the next few years, as part of its strategy to expand its presence in the country. Similarly, according to a report by JLL, a global real estate services firm, the number of hotel rooms in the United States is projected to grow by 12.6% from 2020 to 2023, driven by new construction and renovation projects. However, the high cost of Aging in Bathroom Products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Aging in Bathroom Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American aging in bathroom products market is dominating due to the aging population, increasing demand for senior-friendly homes, and the prevalence of luxury homes and hotels in the region. The Asia Pacific aging in bathroom products market is expected to grow due to the rapidly growing urbanization, rising disposable incomes, and increasing demand for luxurious and comfortable bathroom products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable