Toilet Grab Bar Market trends:
According to US Health Department Survey, 2020, more than 63% of households have installed toilet grab bars owing to rising the population of elderly people across the region. Moreover, more than 80% of commercial places across the US and Canada have installed toilet grab bars for the handicapped. Owing to this rapid adoption of grab bars across the region and increasing penetration of E-commerce across the globe are the factors considered to drive the growth of the product in the region as well as across the globe.
According to Studies by Harvard Business School, Toilet Grab Bar Market is anticipated to lead the commercial and household sectors owing to increasing solicitations of advances probed by manufacturers. Innovative Toilet Grab Bar designs along with improving standards of manufacturing are the key factors considered to drive the growth of the market. According to Sales experts, sales are anticipated to reach approximately 10 million units worldwide during the forecast period owing to the rising adoption of the products across the globe.
North America is the dominating region in the market owing to increasing demand for safe and comfortable toilet experience across the region and ever-changing consumer tastes and demand. Moreover, increasing investment of key players in product development is the factor attributing to the growth of the product demand in the region. The European market is expected to pose as the emergent region in the market as E-commerce and online sales channel is increasing across the regional market. Moreover, the supply of raw materials from China and India for Steel and Aluminium are the factors considered to adhere to the growth of the region in the market.
Despite a huge decline in the sales of Toilet Grab Bar during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6%, during the tenure of 2020 – 2027.
The study is consolidated on the basis of six major segments and further into sub-segments, Product Type (swing up, single wall and double wall), Application (commercial and household), Installation (floor mounted and wall mounted), Width Size (12-18 inches, 19-24 inches, 25-36 inches, 36-42 inches and above 42 inches), and by Distribution Channel (offline and online {website and E-commerce}), to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- TOTO, Ltd., KAWAJUN Co. Ltd., Grohe America, Inc., KOHLER Co., GF Health Products, Inc., Etac AB, CSI Bathware, American Specialties, Inc., Bobrick Washroom Equipment, Inc., Frost Products, Ltd., Invacare Corporation, Drive Medical, Moen Inc., YJL, LIXIL Group, Ponte Giulio, Handicare , Pressalit Care, Liansheng, K Care, O.D.F, MEYRA, Baker-Elman
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Toilet Grab Bar Market.”
https://www.maximizemarketresearch.com/market-report/global-toilet-grab-bar-market/113803/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051,
Maharashtra, India.
+91 9607195908