The Vietnam sanitary ware and bathroom accessories market value reached USD 576.17 Million in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.40% to reach USD 1006.99 Million by 2032 owing to changing lifestyles and growing per capita income of individuals.
Base Year
Historical Year
Forecast Year
The Vietnam sanitary ware and bathroom accessories market is being driven by economic growth, increasing demand for concept bathrooms, rising disposable income, and the development of residential areas. The introduction of new styles of concept bathrooms and eco-friendly sanitary ware is further fuelling the growth of the Vietnam sanitary ware and bathroom accessories industry.
Moreover, technological advancements in water saving and sustainable material for sanitary ware are boosting the demand for the product. Also, rising construction activities and a growing shift from unbranded to branded products are other factors leading to the Vietnam sanitary ware and bathroom accessories demand growth.
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Vietnam sanitary ware and bathroom accessories market dynamics and trends are thriving due to its affordable, high-quality products featuring modern designs and eco-friendly elements. Local production enhances delivery speed and customization, catering to the rising demand fuelled by the expanding construction and real estate industries.
In 2021, an industry report highlighted that Vietnam had over 16.7 million households in rural areas, vastly outnumbering the urban household count. The total number of households in the country surpassed 27 million, underscoring the significant rural population compared to urban centres. Between 2002 and 2022, Vietnam’s GDP per capita surged 3.6 times to USD 4,179, while the poverty rate fell from 14 per cent in 2010 to 5.7 per cent in 2023. According to the World Bank, Vietnam’s per capita income hit USD 4,346.8 in 2023, boosting the Vietnam sanitary ware and bathroom accessories market revenue.
The real estate market also saw notable activity. A total of 42 commercial housing projects, comprising approximately 15,966 units, were completed. Additionally, five social housing projects launched 850 apartments, and 17 hospitality and condotel projects were finalized. In Ho Chi Minh City, the housing supply recorded 16,895 units in 2020, 14,443 units in 2021, and 12,147 units in 2022, with a slight improvement to 15,020 units in the first nine months of 2023.
The high-end housing segment in Ho Chi Minh City dominated the market, accounting for 70% in 2020, 72% in 2021, 78.2% in 2022, and 66.37% in the first three quarters of 2023. In contrast, only 163 affordable apartments were launched in 2020, accounting for just 1%, with no additional affordable units introduced since then. This drives the Vietnam sanitary ware and bathroom accessories industry revenue, as cost-effective products that fit budget constraints while ensuring quality become crucial.
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“Vietnam Sanitary Ware and Bathroom Accessories Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Material
Modern toilets improve hygiene with self-cleaning and bidet functions, and their water-saving technologies lower utility costs and environmental impact. Ergonomic designs enhance comfort and usability, while durable materials contribute to longevity, thus, boosting demand in the Vietnam sanitary ware and bathroom accessories market.
In the Vietnam sanitary ware and bathroom accessories industry growth, washbasins play a significant role by providing aesthetic value with diverse designs and finishes. They also enhance functionality with features such as integrated storage and ergonomic height while incorporating water-saving faucets. Their durability, crafted from high-quality materials, and ease of cleaning ensure low maintenance and extended longevity.
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The companies specialise in durable, high-quality sanitary ware and bathroom accessories, offering a wide range of innovative products, such as toilets and washbasins, for residential and commercial markets in Vietnam.
Expanded product line to include eco-friendly sanitary ware. Enhanced customer service with a new digital support platform.
Launched innovative, luxury bathroom accessory collections to meet the growing demand of the Vietnam sanitary ...
Introduced a range of high-tech smart bathroom solutions. Upgraded existing factories with advanced production...
Invested in R&D to develop new, high-quality product lines to capture the Vietnam sanitary ware and bathroom a...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Vietnam sanitary ware and bathroom accessories market reached a value of USD 576.17 Million in 2023.
The market is projected to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to reach a value of about USD 1006.99 Million by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising construction industry, economic growth, rising demand for concept bathrooms, development in residential areas, and the technological advancements in water saving.
The use of sustainable material for sanitary ware, along with the rising shift towards branded products are expected to be the key trends in the market.
The major product types of sanitary ware and bathroom accessories in Vietnam include toilet/water closets, wash basins, pedestals, cisterns, faucets, showers, and others.
The market is broken down into ceramic, pressed metal, acrylic plastic and perspex, and others.
The competitive landscape consists of Vietnam Caesar Sanitary Equipment Joint Stock Company, Gessi S.p.A., Innoci Viet Nam Co., Ltd , Italisa (Vietnam) Co., Ltd, Jaquar Vietnam , CAESAR Bathroom, Grelli Sanitary Ware, ROCA Sanitario, S.A., Toto Vietnam Co.,Ltd., Viglacera Corporation- JSC, LIXIL VINA Co., Ltd (LIXIL Corporation), Viet Ceramics International Joint Stock Company, Others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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