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South Korea’s Bathroom Market Reaches $27.7 миллиард

South Korea's Bathroom Market Reaches $27.7 Billion - News - 1

According to Korean media reports, 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 триллион жеңді (RMB 15.5 млрд) жылы 2006 дейін 5 триллион жеңді (RMB 27.7 млрд) бұл жылы. Market expansion is accelerating. Previously, in the bathroom market, products such as tiles, toilets, bathtubs, taps and bathroom cabinets were constructed by companies sourcing materials individually. Соңғы жылдары, this approach is evolving into whole bathroom space solutions built by individual brands, offering a complete range of bathroom products.

According to Korean media reports, 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

Previously, Hansam Home launched theHansam Bathbrand in Korea. According to the former’s financial report, its bathroom sales grew from 30 миллиард вон (RMB 160 миллион) жылы 2014 дейін 145 миллиард вон (RMB 800 миллион) жылы 2018, 135 миллиард вон (RMB 750 миллион) жылы 2019, 180 миллиард вон (RMB 1 млрд) жылы 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, жоғары 11.8% жылдан жылға.

South Korea's Bathroom Market Reaches $27.7 Billion - News - 2

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