Market Research Report
Europe Sanitary Ware Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||952512|
|Published||Content info||159 Pages
Delivery time: 2-3 business days
|Europe Sanitary Ware Market Forecast 2019-2028|
|Published: August 3, 2020||Content info: 159 Pages||
The Europe sanitary ware market is anticipated to register a CAGR of 3.21% in terms of volume during the forecast period, 2019-2028. In terms of revenue, the market is estimated to evolve at a CAGR of 3.91%. The presence of major manufacturers and brands in the region, and their use of advanced technologies to produce standard quality sanitary ware, are contributing to the market growth of the region.
Poland, Germany, France, the United Kingdom, Italy, Spain, and the rest of Europe, are analyzed for the Europe sanitary ware market growth assessment. The residential construction industry of the United Kingdom is registering steady growth. The construction activity is dominated by house construction. In order to provide enhanced infrastructure for the population, the government has proposed an investment of 1-2% of GDP in infrastructure between 2020 and 2050. This will be as part of the National Productivity Investment Fund (NPIF). The enhancements in the residential and commercial construction market following the UK's exit from the European Union are expected to ease uncertainties, which will create ample growth opportunities for sanitary ware. In Italy, there is an increasing focus on commercial infrastructure and other civil engineering activities. The changing government policies for foreign direct investment (FDI) in the manufacturing sector, and the government investment in residential, energy, commercial construction projects, will be beneficial for the same. The business confidence in the construction industry is increasing, given the government initiatives like tax deductions.
Some of the well-established enterprises and manufacturers in the market include, Lixil Group Corporation, Jaquar Group, HSIL Limited, Kohler Co, Laufen Bathrooms AG, etc.