Forecast product trends of bathroom furniture accessories in the industry

2023-04-04 16:50:00

The furniture segment accounted for the largest market share with 72.9% in 2018. Growing brand awareness and increasing sales of furniture products by the younger generation are influencing the demand for furniture. bathroom accessories. Moreover, the availability of furniture products through online channels in various regions is boosting the sales of domestic furniture products. The main players have made many offers for their products, along with decorative and homemade furniture products, due to the significant demand for items that appeal to the younger generation. The factors mentioned above make the product quite affordable for consumers, thereby creating the growth of the market.

Other segments including decorative mirrors and carpets are expected to grow at the fastest CAGR of 5.2% from 2019 to 2025. Increased demand for bathroom decorative products due to The increase in population is predicted to drive segment growth. More and more consumers are health-conscious and tend to use bathroom accessories. These products are available in smart devices such as sound, music and lighting systems in the market. Furthermore, the availability of various products such as mirrors and carpets, coupled with the increase in regional demand for premium products, is likely to drive this segment over the forecast period.