South Korea’s Bathroom Market Reaches $27.7 мільярд

За даними корейських ЗМІ, 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 трильйон вон (юань 15.5 мільярд) в 2006 до 5 трильйон вон (юань 27.7 мільярд) цього року. Market expansion is accelerating. Раніше, in the bathroom market, products such as tiles, туалети, ванни, taps and bathroom cabinets were constructed by companies sourcing materials individually. В останні роки, this approach is evolving into whole bathroom space solutions built by individual brands, offering a complete range of bathroom products.

За даними корейських ЗМІ, 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

Раніше, Hansam Home launched the “Hansam Bath” brand in Korea. According to the former’s financial report, its bathroom sales grew from 30 мільярд вон (юань 160 мільйон) в 2014 до 145 мільярд вон (юань 800 мільйон) в 2018, 135 мільярд вон (юань 750 мільйон) в 2019, 180 мільярд вон (юань 1 мільярд) в 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, вгору 11.8% з року в рік.

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