In recent years, there has been a growing demand for superior facilities for sanitation such as cleaner and better toilets, and improved products of sanitary ware. However, only one third of the global population has access to such facilities. Naturally, the demand is on the constant rise, which is expected be emerge as key factor driving factor for the growth of the global sanitary ware market. There is big disparity in the availability of these improved sanitary ware product as only developed regions have access to it.
Improving Economic Condition to Play a Crucial Role in Market Development
On the other hand, developing and emerging regions have access to decent sanitary ware products and facilities. However, these facilities are now improving because of the growing demand for better products as well as developing supply chain efforts from the key companies operating in the global sanitary ware market. Key stakeholders such as composite and material manufacturers and product manufacturers are expected to have a highly positive influence of the overall development of the global market in the near future. Fast paced economic development along with improved purchasing power of customers have also helped in shaping up the development of the global market for sanitary ware.
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The competitive landscape of the global sanitary ware market is a highly fragmented one. This fragmentation of the vendor landscape is due to the presence of several key players. These companies in the global market are focusing on developing new and affordable products in order to attract more consumers. Moreover, they are spending heavily on the activities of research and development for creation of innovative products.
Some of the key companies in the global sanitary ware market are Roca, Kohler Group, Sanitec (Geberit Group) Toto, Corona, Lixil Corporation, Duratex, Rovese, Ideal Standard, Lecico, RAK Ceramics, Eczacibasi Vitra, and Duravit among others.