TechNavio recognizes the following companies as the key players in the Sanitary Hardware Market in India: Jaquar and Co. Pvt. Ltd., HSIL Ltd., Roca Bathroom Products Pvt. Ltd. , Cera Sanitaryware Ltd., and Kohler India Corporation Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “There is a growing demand for sanitary ware products and many medium sized players are expanding their business operations on a pan-India basis. The organized players have captured a market share of 60 percent 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. Thus, the growing organized sanitary hardware market is a new trend that is expected to auger well for the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the increase in real estate construction. The development of new real estate projects such as residential, commercial centers, office spaces, and hospitality centers in the metro cities such as Delhi, Mumbai, Chennai, and Kolkata and in tier 1 cities such as Ahmedabad, Bangalore, and Hyderabad has increased the demand for sanitary ware and bathroom fittings.
Further, the report states that one of the major challenges in this market is the availability of low quality sanitary ware and bathroom fitting products. The market is dominated by smaller unorganized players and a majority of these players manufacture low quality products using outdated technology and cheap raw materials. The presence of such low quality and cheap products in the market has resulted in price wars among the existing players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/sanitary-hardware-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Sanitary Hardware Market in India 2012-2016
