A latest research report of Dublin-based Research and Markets —“Sanitary Hardware Market in India” — forecasts the industry to grow at a CAGR of 17.89% in the next two short years. One of the key factors contributing to this market growth is the increase in real estate construction.
The sanitary hardware market in India has been witnessing increase in demand for luxury sanitary ware products. However, the availability of low-quality products as a potential substitute could pose a challenge to the growth of this market.
The report said that organized players have captured a market share of 60% and this is mainly due to the growing demand for branded products. The larger players have increased their presence across India by collaborating with dealers and distributors to reach a wider target audience and have set up showrooms in major cities across India.