Market Research Report
North America Sanitary Ware Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||952515|
|Published||Content info||154 Pages
Delivery time: 2-3 business days
|North America Sanitary Ware Market Forecast 2019-2028|
|Published: August 3, 2020||Content info: 154 Pages||
The North America sanitary ware market is estimated to project a CAGR of 3.24% in terms of volume and 4.07% in terms of revenue, during the forecast period, 2019-2028. The rising demand for sanitary ware systems capable of utilizing a minimal amount of water, along with the thriving residential and commercial real estate sectors, are expected to bolster market growth of the region.
The United States and Canada are assessed for the North America sanitary ware market growth analysis. The Canadian construction industry is anticipated to prosper at a considerable pace during the forecast period. The residential and commercial sectors are impacted by rising immigration and government initiatives. The Canada Mortgage and Housing Corporation (CMHC) proposed to spend US$943.0M for providing financial assistance to first-time buyers during 2019-2022. The construction industry is considered to be a testimony to the country's economic prospects. Toronto and Montreal were the epicenters of construction activities for almost 25% of the total construction activities in 2017. Several government projects like the Made in Canada, New Building Canada Plan (NBCP), Affordable Housing Initiative (AHI), etc. are projected to supplement the market growth in this sector. The Commercial Building Construction Industry in Canada maintains and builds entertainment, office, retail, and hotel structures. The increasing interest in green building projects is projected to propel the demand for new buildings and renovations. All of these factors significantly complement the growth of the market.
Some of the leading companies in the market include, Masco Corporation (Delta Faucet Company), Roca Sanitario SA, Toto Ltd, Lecico Egypt, Elkay Manufacturing Company, etc.