Forecast of bathroom interior decoration market growth by region

2023-04-04 17:18:19

In terms of value, North America accounted for the largest market share with 36.4% in 2018. The market was driven by an increase in demand for home improvement products in the US, along with various types of furniture. Various furniture such as vanity cabinets, dressers, mirror cabinets and shelving products. Furthermore, an increase in home remodeling spending in the US is anticipated to drive the growth of bathroom products over the forecast period. Renovation projects in the US are projected to increase over the forecast period. Furthermore, the increase in home construction, coupled with renovations, will drive the market growth over the next few years.

Asia Pacific is expected to expand at a peak CAGR of 4.1% during the forecast period, driven by an increasing number of construction projects in countries like India and China. The demand is predicted to increase due to the increase in the modernization and changing lifestyles of consumers, thus driving the demand for bathroom accessories in the market. Furthermore, the market is likely to witness significant growth due to the incorporation of interior design techniques by industry consumers.