India CORE Bathrooms 2015
|出版商||BRG Building Solutions||商品編碼||305270|
|出版日期||內容資訊||英文 121 Pages
This report provides an in-depth analysis of the Indian bathroom products market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next five years.
2014 was a moderately good year wherein the economy posted a GDP growth of 5.6%. The growth in new housing construction slowed down in 2014 as real estate developers held back their construction efforts owing to the uncertainty of the election year.
Sales of bathroom products have over the last decade benefitted from an increase in wealth, higher living standards and growth in the construction industry. However, the market growth in 2014 remained moderate due to slow growth in new housing construction, lack of funds with the builders and political instability in the first half of 2014. Even though major sanitary ware and faucet companies saw considerable revenue growth, this was more due to the price increases rather than an increase in sales volumes.
The market outlook remains positive, influenced mainly by growing private consumption and new construction.
“Clean India Campaign” aims to install 111.1 million toilets in rural India by 2019. With “Home for All” vision, the government has plans to provide a home to every citizen by 2022. Major sanitary ware manufacturers have plans to increase their production capacities to meet the growing demand in the country.