South Korea’s Bathroom Market Reaches $27.7 Мільярд

Па паведамленнях карэйскіх СМІ, as the Korean bathroom market enters a narrow growth trajectory, Hansam bathroom, LX Hausys, Livat and other high-end brands that focus on bathrooms are springing up one after another. With the demand for bathroom products growing rapidly due to the extended pandemic, the related market is rapidly growing to 5 trillion won and competition in the market is beginning to heat up.

According to Hansam’s annual report data, the size of the Korean bathroom market has grown from 2.8 трлн вон (юаняў 15.5 мільярд) ст 2006 каб 5 трлн вон (юаняў 27.7 мільярд) у гэтым годзе. Market expansion is accelerating. Раней, in the bathroom market, products such as tiles, прыбіральні, ванны, taps and bathroom cabinets were constructed by companies sourcing materials individually. У апошнія гады, this approach is evolving into whole bathroom space solutions built by individual brands, offering a complete range of bathroom products.

Па паведамленнях карэйскіх СМІ, the Korean bathroom market is shifting from single products to the whole house. The bathroom market grew by 20% year on year in the first half of the year.

South Korea’s Bathroom Market

Раней, Hansam Home launched the “Hansam Bath” brand in Korea. According to the former’s financial report, its bathroom sales grew from 30 мільярдаў вон (юаняў 160 мільёнаў) ст 2014 каб 145 мільярдаў вон (юаняў 800 мільёнаў) ст 2018, 135 мільярдаў вон (юаняў 750 мільёнаў) ст 2019, 180 мільярдаў вон (юаняў 1 мільярд) ст 2020 and are expected to exceed 200 billion won in 2021. Sanitary ceramics company Daelim B&Co is also benefiting from this wave of growth. Bathroom revenue reached 126 billion won in the first half of this year, уверх 11.8% з года ў год.

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