Spain Bathroom Fittings Market Overview, 2028

Spain Bathroom Fittings Market Overview, 2028

The growing number of residential and commercial properties, as well as population growth and high per capita income, are key factors driving the growth of the Spain bathroom fittings market. Other significant driving forces include celebrities endorsing businesses and conducting highly targeted advertising in the market, in addition to the market's prevalence of e-commerce. Furthermore, as the population of European countries becomes more concentrated in urban areas, people are spending more on lifestyle changes, which is fuelling the market growth. In bathroom fixtures, paper holders are becoming more popular among customers. This market segment is primarily driven by the hospitality industry, which includes hotels, hospitals, and nursing homes. Toilet paper holders are particularly popular in hotels, which have a retail value of Millions. These holders, which can be wall-mounted or in the shape of paper holder stands, are made of steel, zinc alloy, brushed nickel, chrome, brass, and chromium. Companies from all over the world have invested heavily in this market segment. Griferias Maier, Ramon Soler, Roca, Bronces Mestre, Parryware Roca, and others are well-known Spanish companies.

According to the research report, “Spain Bathroom fittings Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 464.66 Million by 2028. The faucets product category had the highest share in 2021. This is because, in addition to being extremely useful, it adds a fashionable flair to bathroom areas. Apart from faucets, the growing popularity of heated towel rail installations has compelled manufacturers to create unique finishes and colors for these devices. The colors that consumers prefer are rose gold, white, and black. Individuals' increased disposable income has also allowed for a more luxurious lifestyle, which encourages the use of upscale bathroom fixtures and accessories, particularly in urban areas.

According to the World Bank, Spain has a population of 47.33 million people, with a male population of 23.29 million and a female population of 24.04 million. The majority of the population, 30.98 million people, is aged 15 to 65. The urban population outnumbers the rural population by 38.34 million. According to the World Bank, Spain's GDP in 2021 will be USD 1.43 trillion, with a 3.1% inflation rate and a per capita income of USD 30,115.7. The current demand for bathrooms with eco-friendly bath fittings has increased in recent months, and construction activity in the European Union has increased significantly. Organizations' ongoing innovation in response to customers' changing wants will fuel this growth.

To be lawfully placed on the Spanish market, faucets must meet the UNE 19703 standard (the tests are similar to those in European standards). Sanitary taps are governed by Spanish law (RD 358/1985 and OM 15/04/85), and if a producer (or their representative) wishes to sell this type of product in Spain, authorization is required in the form of a government certificate. Technological advancement-With the help of contact-free infrared technology, the water flow is automatically started when you place your hand near. Bathrooms with the Internet of Things capabilities The cutting-edge Internet of Things (IoT) solution connects a wide range of devices, including faucets, urinals, toilets, flushing mechanisms, and dispensers, through a centralized system. It is known as a public and private bathroom monitoring platform based on the Internet of Things (RocaProtect®). Roca's service streamlines management and maintenance by allowing users to set up goods, track usage, and respond to warnings via a PC dashboard or mobile app.

Alcampo (Auchan), Carrefour, Eroski, Hipercor, etc. are the hypermarkets of Spain. Ahorramás, Aldi, Alimerka, Alcampo, Barcelona Market, etc. are the top supermarkets in Spain. The majority of the market was held by retail establishments, which comprise the offline distribution channel. Bathroom fixtures were previously only available in retail establishments. Customers were assisted in making their selections from a variety of goods at these locations. Because of the increased sales opportunity for bathroom fixtures via online channels, suppliers improved the security and dependability of their online purchasing procedures, which increased demand for these products online.

Covid-19 Impact:
The spread of COVID-19 is expected to contribute to the decline of the Spain Bathroom fittings market on the back of disturbances in the supply chain and discontinuation of production. Moreover, consequent disruptions in the operations in the lockdown period in the country dipped the sales revenue for many of the top Bathroom fittings brands in the near term and significantly contribute towards the slow growth of Spain's Bathroom fittings market in the coming years.

Considered in this report
• Geography: Spain
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Spain Bathroom fittings market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Faucets
• Showers
• Others (Towel Rack/Ring, Hook, Grab Bars, Paper Holder, etc.)

By Distribution Channel
• Offline
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Bathroom fittings industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.