BATHROOM FLOOR DRAIN MARKET REPORT OVERVIEW
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The global bathroom floor drain market size is anticipated to grow in the forecast period and is projected to show rapid growth in the forecast period.
The bathroom floor drain is a plumbing fixture used to evacuate wastewater from a bathroom, building, or structure. Generally, it is made up of stainless steel, although cast irons and plastics are also available. This product is available in various sizes and shapes and can easily be installed in renovation projects and new constructions. There are various types of floor drains such as shallow water seal floor drain, waterproof floor drain with buckle cup, wide-mouth water-sealed floor drain, deep water seal floor drain, and others. All these types of floor drains are used for different purposes, accordingly. Among these types, the most preferred and conventional ones are drains with a trap or a siphoid drain in the mid of the shower tray. These floor drains are easy to install and have easy interlocking structures.
Bathroom floor drains are placed between a shower enclosure and a drainage pipe. It captures the water and drains it into a sewer system. These are available in various floor designs, such as mosaic floors, ceramic tiles, vinyl floors, and cast floors. It is a bathroom equipment that helps in the transportation of water from the bathroom. Floor drains make the bathroom surfaces easier. Additionally, these floor drains help in preventing odour build-up and washes away the elements.
COVID-19 Impact: Product Demand Fluctuation to Limit Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with bathroom floor drain experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The pandemic caused a disturbance in the supply chain due to the sudden announcement. The macroeconomic environment changes caused fluctuations in demand. The construction projects were put on hold, which affected the expansion of the bathroom floor drain market share. Economic crisis and delayed construction projects are expected to hinder the expansion of the market. The investment in commercial and residential construction is expected to fall, limiting the market growth.
LATEST TRENDS
"Upgrading Living Standards in Modern Economies to Drive Product Demand"
The improved living standards of the population in modern economies are expected to drive the development of home sanitation products and services. The trend of having an innovative bathroom is becoming a standard symbol that boosts the demand for the bathroom floor drain. Consumers are expected to invest more in luxurious bathrooms to maintain their living standards. Moreover, the government across various countries is taking initiatives for improved sanitation and urbanization. Furthermore, the government is also taking initiatives to save water in commercial and residential sectors such as schools, buildings, and offices. These factors are also expected to surge major growth in the market.
BATHROOM FLOOR DRAIN MARKET SEGMENTATION
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- By Type Analysis
The market is segmented into a spring-type floor drain, suction stone floor drain, gravity floor drain, and others.
The gravity floor drain is anticipated to dominate the market. The increasing incidences of diabetes and the launch of advanced bathroom floor drains are expected to help the gravity floor drain dominate the market.
- By Application Analysis
Based on application, the market is classified into household and commercial.
DRIVING FACTORS
"Increasing Construction Activities to Surge Market Growth"
Consistently rising commercial and residential construction projects and increasing urbanization are expected to boost the demand for bathroom floor drains in the global market. Modern population is consistently spending more on advanced plumbing solutions. Moreover, rising per capita income and changing lifestyles of the general population are anticipated to bolster growth in the bathroom floor drain market.
"Inclination of Hotels for Advanced Plumbing Fixtures to Inflate Product Demand "
Constantly expanding population is anticipated to demand more buildings, which is expected to surge demand for bathrooms. Owners of hotels and resorts are inclined towards using advanced plumbing fixtures to offer good customer service. Additionally, the growth in the hospitality industry is forecasted to encourage the development of advanced public facilities in various countries. This eventually was expected to contribute to the demand for the bathroom floor drain.
RESTRAINING FACTORS
"High Cost of Product Installation to Hold Back Market Growth"
The advanced drainage system installation seems an expensive investment to the population. This factor is expected to hinder the growth of the market. Moreover, alternative products with cheap prices are available in the market. The availability of cheap products may turn out to be a hindrance to the market's growth. Furthermore, the lack of raw materials may hamper the market's growth.
BATHROOM FLOOR DRAIN MARKET REGIONAL INSIGHTS
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"Advanced Property of Product to Boost Demand in North America"
North America is expected to be the most advanced region due to the bathroom floor drain's higher durability and resistance to corrosion. Furthermore, these are easy to clean and do not require maintenance.
Latin America is expected to have a sizable market. The region's growth is attributed to the steady adoption of the bathroom floor drain. The rising disposable income and construction activities are expected to boost major growth in the region.
Europe is anticipated to show significant growth in the market. The corrosion resistance and superior quality are the properties surging growth in the region.
Asia Pacific is also anticipated to show good growth due to emerging countries such as India, China, and Japan. Developing countries are steadily adopting advanced bathroom technology, and thus, the region is expected to grow significantly.
KEY INDUSTRY PLAYERS
"Prominent Players to Adopt Long-Term Growth Strategies "
Prominent players strive to grow consistently by adopting various strategies to gain collaboration and mergers. The company focuses on developing strategies that offer long-term growth to the market. Companies are also expected to launch fully automatic products with advanced technology. The key companies are making heavy investments in product innovations, online marketing, and new technologies. Additionally, companies closely monitor behavioral changes and worldwide developments in the home sanitation industry.
List of Market Players Profiled
- Geberit (Switzerland)
- Blucher (Denmark)
- Zurn Industries (U.S.)
- Watts Water Technologies (U.S.)
- McWane (U.S.)
- Unidrain (Denmark)
- Wedi (Illinois)
- Kessel (Germany)
- Sioux Chief (Canada)
- Josam (Indiana)
- Mifab (Illinois)
- Gridiron (U.S.)
- Jomoo (China)
- Caggiati (Italy)
- Miro Europe (Italy)
INDUSTRY DEVELOPMENT
- June 2021- Infinity Drain's partnership with Architectural Record introduced a new online CEU course. This new course explores many aesthetical and technical benefits of curbless shower designs and open concept bathrooms, and they would be assisting with aging-in-place.
REPORT COVERAGE
The report covers the demographic analysis of the market, which shows the dominant regions existing in the global market. It also emphasizes the new strategic activities occurring in the market. The report also depicts the ongoing and upcoming opportunities for the bathroom floor drain market growth. The recent developments are included in the report to offer insights into the market to our stakeholders. The report offers an all-inclusive compiled report of the market. The report on analysis of regions is also included, which covers the dominating region of the global market. The key companies and their headquarters are also mentioned in the report to provide detailed information about the major players existing in the market.
Frequently Asked Questions
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What was the impact of the pandemic on the growth of the bathroom floor drain market?
Based on our research, the bathroom floor drain market witnessed a downfall in demand for the product during the pandemic.
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Which region is expected to dominate the bathroom floor drain market by 2031?
North America is expected to dominate the bathroom floor drain market by 2031.
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What are the segments of the bathroom floor drain market?
By type, the bathroom floor drain market is segmented into a spring-type floor drain, suction stone floor drain, gravity floor drain, and others. Based on application, the bathroom floor drain market is classified into household and commercial.
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Which are the driving factors of the bathroom floor drain market?
Increasing construction activities to surge market growth and Increasing population to surge demand for the product are driving the bathroom floor drain market.
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Which are the top companies operating in the bathroom floor drain market?
Geberit, Blucher, Zurn Industries, Watts Water Technologies, McWane, Unidrain, Wedi, Kessel, Sioux Chief, Josam, Mifab, Gridiron, Jomoo, Caggiati, and Miro Europe are the top companies operating in the bathroom floor drain market.
