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SouthKorea’sBathroomMarketReaches$27.7Billion

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Südkorea d'Buedzëmmer Maart erreecht $27.7 Milliarden

bathroom market

Laut koreanesche Medienberichter, 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 Billioun gewonnen (RMB 15.5 Milliarden) an 2006 zu 5 Billioun gewonnen (RMB 27.7 Milliarden) dëst Joer. Market expansion is accelerating. Virdrun, in the bathroom market, products such as tiles, Toiletten, Bidden, taps and bathroom cabinets were constructed by companies sourcing materials individually. An de leschte Joeren, this approach is evolving into whole bathroom space solutions built by individual brands, offering a complete range of bathroom products.

Laut koreanesche Medienberichter, 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

Virdrun, Hansam Home launched theHansam Bathbrand in Korea. According to the former’s financial report, its bathroom sales grew from 30 Milliarde gewonnen (RMB 160 Millioune) an 2014 zu 145 Milliarde gewonnen (RMB 800 Millioune) an 2018, 135 Milliarde gewonnen (RMB 750 Millioune) an 2019, 180 Milliarde gewonnen (RMB 1 Milliarden) an 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, op 11.8% Joer zu Joer.

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