Product Code: ETC043745 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Thailand bathroom furniture market is anticipated to witness considerable growth in the forecast period of 2020-2026. The increasing number of luxury hotels, resorts, and private residences are driving the demand for high-end bathroom fittings and furniture. Additionally, Thailand expanding middle class population has fueled demand for stylish bathroom furnishings to cater to their lifestyle needs. Moreover, rising disposable income among Thailand consumers has further augmented the need for remodeling or renovating bathrooms with modern furniture products such as vanities, mirrors, bathtubs showers etc., thus providing ample opportunities for manufacturers operating in this space.
With tourism industry flourishing across Thailand due to its beautiful beaches and islands along with other tourist attractions like nightlife hubs and ancient temples; it has led to an increase in the number of luxury hotels & resorts being established which require elegant bathroom fixtures/furniture sets including vanities, cabinets etc. This factor is expected to drive the growth of Thailand bath furnishing market during the forecast period (2020-2026). A significant rise has been observed in consumer spending on home d?cor especially upmarket sanitary ware items like sinks and tubs owing to increasing purchasing power among Thailand citizens as well as rising trend of self renovation projects among homeowners that involve changing entire look & feel by installing latest designs of ornamental wash basins and matching vanity units etc., thereby boosting sales volume within this sector during upcoming years (2020-2026).
With tourism industry flourishing across Thailand due to its beautiful beaches and islands along with other tourist attractions like nightlife hubs and ancient temples; it has led to an increase in the number of luxury hotels & resorts being established which require elegant bathroom fixtures/furniture sets including vanities, cabinets etc. This factor is expected to drive the growth of Thailand bath furnishing market during the forecast period (2020-2026). A significant rise has been observed in consumer spending on home d?cor especially upmarket sanitary ware items like sinks and tubs owing to increasing purchasing power among Thailand citizens as well as rising trend of self renovation projects among homeowners that involve changing entire look & feel by installing latest designs of ornamental wash basins and matching vanity units etc., thereby boosting sales volume within this sector during upcoming years (2020-2026).
The Covid-19 pandemic has been affecting the Thailand bathroom furniture market adversely. Decrease in consumer spending on non-essential items, such as bathroom furniture has greatly impacted its growth. Furthermore, disruption of the global supply chain and closure of retail stores have also caused a decline in sales.
However, some key players in the industry have managed to overcome this challenge by adapting their production according to changing customer preferences and launching digital campaigns that focus on product promotion. Major companies like Kohler (Thailand) Co., Ltd., KWC International Ltd., GLOBAL Group!, and Roca Bathroom Products (Thailand) Co., Ltd are some of the leading players in this market who are focusing on expanding their product portfolio with innovative designs for customers. Moreover, they are implementing strategies like e-commerce platforms and online advertisements to increase visibility among potential customers during COVID times.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Bathroom Furniture Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Bathroom Furniture Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Bathroom Furniture Market - Industry Life Cycle |
3.4 Thailand Bathroom Furniture Market - Porter's Five Forces |
3.5 Thailand Bathroom Furniture Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Thailand Bathroom Furniture Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Thailand Bathroom Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Bathroom Furniture Market Trends |
6 Thailand Bathroom Furniture Market, By Types |
6.1 Thailand Bathroom Furniture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Bathroom Furniture Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Thailand Bathroom Furniture Market Revenues & Volume, By Bath Vanities, 2020-2030F |
6.1.4 Thailand Bathroom Furniture Market Revenues & Volume, By Console Vanity, 2020-2030F |
6.1.5 Thailand Bathroom Furniture Market Revenues & Volume, By Vanity Tops, 2020-2030F |
6.1.6 Thailand Bathroom Furniture Market Revenues & Volume, By Bathroom Mirrors, 2020-2030F |
6.1.7 Thailand Bathroom Furniture Market Revenues & Volume, By Other, 2020-2030F |
6.2 Thailand Bathroom Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Bathroom Furniture Market Revenues & Volume, By Household, 2020-2030F |
6.2.3 Thailand Bathroom Furniture Market Revenues & Volume, By Commercial, 2020-2030F |
6.2.4 Thailand Bathroom Furniture Market Revenues & Volume, By Other, 2020-2030F |
7 Thailand Bathroom Furniture Market Import-Export Trade Statistics |
7.1 Thailand Bathroom Furniture Market Export to Major Countries |
7.2 Thailand Bathroom Furniture Market Imports from Major Countries |
8 Thailand Bathroom Furniture Market Key Performance Indicators |
9 Thailand Bathroom Furniture Market - Opportunity Assessment |
9.1 Thailand Bathroom Furniture Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Thailand Bathroom Furniture Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Thailand Bathroom Furniture Market - Competitive Landscape |
10.1 Thailand Bathroom Furniture Market Revenue Share, By Companies, 2023 |
10.2 Thailand Bathroom Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |