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Global Aging in Bathroom Products Market to reach USD 8.53 billion by the end of 2030

Global Aging in Bathroom Products Market Size study & Forecast, by Product (Bath Aids, Bath Lifts, Grab Handles & Bars, Chairs & Stools, Toilet Seat Raisers, Commodes, Others), by Application (Residential, Commercial), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Product Code: OIRPC-16947655
Publish Date: 20-05-2023
Page: 200

Global Aging in Bathroom Products Market is valued approximately USD 5.08 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2023-2030. The construction sector of residential buildings, hotels, restaurants, and airports is experiencing a surge in development, which is creating opportunities for players in the aging bathroom products industry. This growth is being driven by the increasing need for convenient bathrooms that cater to the unique needs of the elderly and those with limited mobility. Additionally, there is a growing demand for multi-functional bathroom fixtures that not only serve a practical purpose but also have aesthetic appeal, which is further boosting the market for aging bathroom products.

In January 2021, Marriott International announced that it planned to open 100 new hotels in Asia Pacific over the next three years, as part of its ongoing expansion plans in the region. Along with this, in February 2022, AccorHotels, one of the world’s leading hotel companies, announced that it had signed agreements to open 15 new hotels in India over the next few years, as part of its strategy to expand its presence in the country. Similarly, according to a report by JLL, a global real estate services firm, the number of hotel rooms in the United States is projected to grow by 12.6% from 2020 to 2023, driven by new construction and renovation projects. However, the high cost of Aging in Bathroom Products stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Aging in Bathroom Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American aging in bathroom products market is dominating due to the aging population, increasing demand for senior-friendly homes, and the prevalence of luxury homes and hotels in the region. The Asia Pacific aging in bathroom products market is expected to grow due to the rapidly growing urbanization, rising disposable incomes, and increasing demand for luxurious and comfortable bathroom products.

Major market player included in this report are:
Vermeiren India Rehab Pvt. Ltd.
Genteel Homecare Products Co., Ltd.
SENIORITY.IN
Jianlian Homecare Products Co., Ltd.
Jinan Hengsheng New Building Materials Co., Ltd.
YUYAO BEILV SANITARY WARE CO., LTD
Saamipya
Old is Gold Store
IgnoxLabs Pvt Ltd. (Emoha Elder Care)
Wenzhou Baogeli Sanitary Wares Co.,ltd.

Recent Developments in the Market:
Ø In August 2022, Bemis Manufacturing Company, which is a major producer of toilet and bidet seats, recently introduced the Personal Wash Bidet attachment. This attachment is designed to be used exclusively with the Clean Shield raised toilet seat.

Global Aging in Bathroom Products Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Bath Aids
Bath Lifts
Grab Handles & Bars
Chairs & Stools
Toilet Seat Raisers
Commodes
Others
By Application:
Residential

Commercial
By Distribution Channel:
Online
Offline

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Aging In Bathroom Products Market, by Region, 2020-2030 (USD Billion)
1.2.2. Aging In Bathroom Products Market, by Product, 2020-2030 (USD Billion)
1.2.3. Aging In Bathroom Products Market, by Application, 2020-2030 (USD Billion)
1.2.4. Aging In Bathroom Products Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aging In Bathroom Products Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aging In Bathroom Products Market Dynamics
3.1. Aging In Bathroom Products Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing need for convenient bathrooms
3.1.1.2. Growing Geriatric Population
3.1.2. Market Challenges
3.1.2.1. High Cost of Aging in Bathroom Products
3.1.3. Market Opportunities
3.1.3.1. Growing demand for multi-functional bathroom fixtures
3.1.3.2. Growing urbanization
Chapter 4. Global Aging In Bathroom Products Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Aging In Bathroom Products Market, by Product
5.1. Market Snapshot
5.2. Global Aging In Bathroom Products Market by Product, Performance – Potential Analysis
5.3. Global Aging In Bathroom Products Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Aging In Bathroom Products Market, Sub Segment Analysis
5.4.1. Bath Aids
5.4.2. Bath Lifts
5.4.3. Grab Handles & Bars
5.4.4. Chairs & Stools
5.4.5. Toilet Seat Raisers
5.4.6. Commodes
5.4.7. Others
Chapter 6. Global Aging In Bathroom Products Market, by Application
6.1. Market Snapshot
6.2. Global Aging In Bathroom Products Market by Application, Performance – Potential Analysis
6.3. Global Aging In Bathroom Products Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Aging In Bathroom Products Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
Chapter 7. Global Aging In Bathroom Products Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Aging In Bathroom Products Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Aging In Bathroom Products Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Aging In Bathroom Products Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global Aging In Bathroom Products Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Aging In Bathroom Products Market, Regional Market Snapshot
8.4. North America Aging In Bathroom Products Market
8.4.1. U.S. Aging In Bathroom Products Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Aging In Bathroom Products Market
8.5. Europe Aging In Bathroom Products Market Snapshot
8.5.1. U.K. Aging In Bathroom Products Market
8.5.2. Germany Aging In Bathroom Products Market
8.5.3. France Aging In Bathroom Products Market
8.5.4. Spain Aging In Bathroom Products Market
8.5.5. Italy Aging In Bathroom Products Market
8.5.6. Rest of Europe Aging In Bathroom Products Market
8.6. Asia-Pacific Aging In Bathroom Products Market Snapshot
8.6.1. China Aging In Bathroom Products Market
8.6.2. India Aging In Bathroom Products Market
8.6.3. Japan Aging In Bathroom Products Market
8.6.4. Australia Aging In Bathroom Products Market
8.6.5. South Korea Aging In Bathroom Products Market
8.6.6. Rest of Asia Pacific Aging In Bathroom Products Market
8.7. Latin America Aging In Bathroom Products Market Snapshot
8.7.1. Brazil Aging In Bathroom Products Market
8.7.2. Mexico Aging In Bathroom Products Market
8.8. Middle East & Africa Aging In Bathroom Products Market
8.8.1. Saudi Arabia Aging In Bathroom Products Market
8.8.2. South Africa Aging In Bathroom Products Market
8.8.3. Rest of Middle East & Africa Aging In Bathroom Products Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Vermeiren India Rehab Pvt. Ltd.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Genteel Homecare Products Co., Ltd.
9.3.3. SENIORITY.IN
9.3.4. Jianlian Homecare Products Co., Ltd.
9.3.5. Jinan Hengsheng New Building Materials Co., Ltd.
9.3.6. YUYAO BEILV SANITARY WARE CO., LTD
9.3.7. Saamipya
9.3.8. Old is Gold Store
9.3.9. IgnoxLabs Pvt Ltd. (Emoha Elder Care)
9.3.10. Wenzhou Baogeli Sanitary Wares Co.,ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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