Colombia Bathroom Fittings Market Overview, 2028

Colombia is a fast-growing country and there is added pressure on the country’s infrastructure, many citizens may not have access to basic water, sanitation, and hygiene (WASH) facilities. In recent years, Colombia has been working to increase its population’s access to WASH facilities. The country continues to develop initiatives on how to increase this accessibility. The Colombian government plans to increase water accessibility to rural regions such as La Guajira by 2024. Additionally, in 2019, over 8,000 indigenous people living in rural Colombia gained access to basic water facilities through the development of reservoirs and ancillary infrastructure. Around 19% of the rural population uses water from rivers, lakes, or wetlands for drinking, washing, and cooking. Due to poor access to WASH facilities, 2% of the national GDP goes toward health-related costs. Currently, 4.9 million people do not have access to a toilet in Colombia. In rural areas, three in 10 people do not have access to safe toileting facilities. Out of a population of 49 million, only 28 million people in urban communities and 3.3 million people in rural communities have access to basic hygiene services. Basic hygiene includes access to bathing facilities and the ability to wash hands before food preparation and after toileting. Between both rural and urban communities, there are 14 million citizens who are without access to hygiene facilities. Despite the improvements, there is still a large number of Colombia’s population that do not have access to safe or basic WASH services, especially when considering the country’s rural communities. Luckily, with the government and organizations continuing to work to improve sanitation in Colombia, a brighter, cleaner future is on the horizon.

According to the research report, “Colombia Bathroom fittings Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 148.54 million by 2028. The country's growing number of residential and commercial properties, rising population, and emphasis on maintaining hygiene are all contributing to the Columbia Bathroom fittings market's anticipated significant growth in the years to come. These factors are piquing consumers' interest and fuel the nation's rising demand for the product, which is anticipated to benefit the market's potential expansion. The fastest-increasing product categories in the Columbia market are faucets and showers in particular. The cost eventually decreased and the profit margin subsequently improved due to technical advancement, making the market more lucrative as a result.
The population of Columbia in 2021 was 51.27 million, with 25.17 million men and 26.09 million women, a GDP of 82.2 million USD, and a per capita income of 6817.07 USD. And 81.74 of the total population leave in urban areas. As we can see from the population of Columbia, the majority of the population is leaving for urban areas this is one of the important factors for the market growth of bath fittings in Columbia.

Retail enterprises have expanded the offline distribution route. Bathroom fixtures used to only be available at retail stores. These locations assisted customers in making choices from a variety of retail store goods. The rising demand for bathroom fixtures online was a result of suppliers strengthening the security and dependability of their online purchasing processes in response to the greater sales opportunity for these products through online channels. Columbia supercentre WallMart, Ferguson Bath, Kitchen and & Lightning Gallery, and Gateway Supply co are some major offline stores of bath fitting products in Columbia. Amazon, Taymor, and WallMart online are some major online distribution channels for bath fitting products in Columbia.

Various advanced bathroom fitting products are also equipped with water-saving technology for reducing water wastage. The rising environmental concerns about water scarcity and decreasing groundwater levels have encouraged the manufacturers to design newer and state-of-art bath fitting products for optimum water solutions. Smart bathrooms are becoming more popular since they have a sophisticated design and often have special features like built-in censors. Customers will be able to manage the water temperature in digital faucets or showers as well as the bathroom light, music, and touchless technology with the help of smart bathrooms. The market for bath fittings is expected to develop as a result of these advances.

During the COVID-19 pandemic, sales of smart bathroom items have grown as people have become more interested in touch-free fixtures, toilets, and lavatories to avoid getting the disease. Hotels and corporate offices have started employing smart and touch-free bathroom fixtures because people are afraid to use public restrooms. This element has a significant impact on the growth of the bath-fitting market. Manufacturers will face intense pricing pressure, and fluctuations in raw material prices will pose a significant challenge to market growth. High installation and maintenance costs will further derail the market's growth rate. The lack of a strong distribution network in backward areas, as well as rising concerns about the recycling and disposal of sanitary ware, will further limit the market's potential for growth.
One of the main things preventing market expansion is the lengthy product replacement cycle. Branded, high-quality bathroom and toilet aids like sinks, toilets, shower units, towel rails, and rings and hooks don't need to be changed out all the time. Major bathroom accessory producers also provide warranties and guarantees for their products, which prolongs their lives. As a result, people are less likely to buy bathroom items frequently. Bathroom accessory sales are impacted by the lengthy replacement cycle, which limits the market's expansion.

COVID EFFECT
Various businesses were affected during COVID-19 in Columbia, including the bathroom fixtures industry. Segments like sanitaryware and bathroom fixtures are largely classified as discretionary spending and have witnessed a deferment of demand due to an unexpected decline in renovation and refurbishment activity in the near term due to the COVID-19 outbreak. However, public health has become an urgent matter in the current climate. The architecture and interior design of bathrooms are taking a fresh look at their foundation. Now, in the context of COVID-19, these spaces could evolve when the current pandemic finally recedes. A new wave of innovations in the bathroom would ensure that it is cleaner, more hygienic, and more comfortable.

Considered in this report
• Geography: Colombia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Columbia Bathroom fittings market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Faucets
• Showers
• Others (Towel Rack/Ring, Hook, Grab Bars, Paper Holder, etc.)

By Distribution Channel
• Offline
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Bathroom fittings industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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