Grab Bar Market Size, Share, Growth, and Industry Analysis, By Type (Wall-Mounted and Floor-Mounted), By Application (Household and Commercial), Regional Forecast To 2031

Grab Bar Market Report Overview

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global grab bar market size was USD  691.94 million in 2021 and market is projected to touch USD 1437.13 Million By 2031, exhibiting a CAGR of 7.58% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with grab bar market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Grab bars are the safety devices designed to enable a person to maintain balance, feel less fatigue while standing, or have something to grab onto in case of a slip or fall. It is fixed in the bathroom to help a person in preventing falls while bathing or toileting. It is mostly used to provide safety in the bathroom for seniors, disabled people and those recovering from an injury or illness that impairs balance.

These bars provide support while sitting or even standing up safely and easily after using the toilet. They are easily installed in toilet and showers also. Moreover, they are extensively used in private homes, hospitals and in handicapped bathroom sections. Growing elderly population, wider reach of e-commerce websites, innovation made by bar manufacturers and expansion of service and commercial industry are the factors responsible for the growth of market.

COVID-19 Impact: Pandemic Increased the Market Demand

Imposition of lockdown due to the COVID-19 pandemic led to a temporary prohibition on production and processing, as well as import and export, across a range of businesses and utilities, which reduced the demand for grand bar from these customers. However, Pandemic had a positive impact on the growth of Grab bar market due to e-commerce websites which delivered products amid lockdown and maintained demand supply gap.

Latest Trends

"Rising Demand in the Service and Commercial Sector to Fuel Market Growth"

Growth in the commercial or service sector in modern economies is anticipated to propel the market demand during the forecast period. Development of new and innovative ideas by key market players target new customers and wider reach of products via e-commerce is expected to increase the sales of bars during the forecast period. Rising consciousness among people regarding health and cleanliness will help to stimulate market growth. Increasing commercialization of equipment manufacturing across the globe will further help to boost market demand.

Grab Bar Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Wall-Mounted andFloor-Mounted. Wall-Mounted is the dominating segment by type.

• By Application Analysis

Based on application, the market can be divided into Household and Commercial.

Driving Factors

"Smart Bathroom Toilet Transfer Technology to Stimulate Market Demand"

Smart bathroom toilet transfer technology is consist of a smart bar that helps to track weight applied on the bars, grip position, grip manner and grip firmness. Embedded sensing solutions in the bar provides more real-time measure of the person’s weight & weight shifts. It is easy to gauge transfer performance by measuring foot movement and weight shift on the bars, toilet seat, walls, and bathtub while also measuring the location, strength, and manner of grip on the bars that can be mapped onto video-based posture and limb tracking data. This is anticipated to boost the grab bar market growth.

"Growth of Elderly Population Will Boost Market Growth"

Grab bars are mostly used by old age and handicapped people. Elderly people suffer from weak knee issues, and these bars are the best option for them to get the pressure off from the knees. In addition, these bars also help to reduce the risk of injuries to the elderly people. Continuous growth in elderly population is expected to propel market growth.

Restraining Factors

"Government Regulations to Restrict Market Growth"

Sometimes, following government regulations become very difficult. Imposition of certain guidelines in the installation of grab bars by government such as these bars should not rotate, diameter of bars should be 32-38mm, clearance from wall should be 38mm, specifications of minimum contrast between bars and background other such restrictions act as restraints in the growth of market.

Grab Bar Market Regional Insights

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"Growing Demand in North America Anticipated to Boost Market Expansion"

Due to increasing demand for aesthetic bathrooms and toilets and different development strategies made by the key players in North America, it is considered to be the most dominating region in grab bar market share. The main element anticipated to contribute to the industry growth is the increasing demand for these bars by elderly people, easy access through e-commerce platforms and rising awareness among people regarding health and cleanliness.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Invacare, Ponte Giulio, Pressalit Care, HealthCraft, MEYRA, O.D.F, Herdegen and YJL. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

LIST OF TOP GRAB BAR COMPANIES

• Invacare
• Ponte Giulio
• Pressalit Care
• HealthCraft
• MEYRA
• O.D.F
• Herdegen
• YJL
• Kohler
• KAWAJUN
• Liansheng
• LIXIL Group
• Etac
• TOTO
• K Care
• Drive DeVilbiss
• Baimuchuan
• MOEN
• Handicar

Report Coverage

This report examines an understanding of the Grab bar market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.