South Korea’s Bathroom Market Reaches $27.7 Mila milioi

Koreako hedabideen arabera, 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 bilioi irabazi (RMB 15.5 mila milioi) urtean 2006 to 5 bilioi irabazi (RMB 27.7 mila milioi) aurten. Market expansion is accelerating. Aurretik, in the bathroom market, products such as tiles, komunak, bainuontziak, taps and bathroom cabinets were constructed by companies sourcing materials individually. Azken urteotan, this approach is evolving into whole bathroom space solutions built by individual brands, offering a complete range of bathroom products.

Koreako hedabideen arabera, 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

Aurretik, Hansam Home launched the “Hansam Bath” brand in Korea. According to the former’s financial report, its bathroom sales grew from 30 mila milioi irabazi (RMB 160 milioi) urtean 2014 to 145 mila milioi irabazi (RMB 800 milioi) urtean 2018, 135 mila milioi irabazi (RMB 750 milioi) urtean 2019, 180 mila milioi irabazi (RMB 1 mila milioi) urtean 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, gora 11.8% urtez urte.

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