Global Toilet Tank Market 2017-2021
About Toilet Tanks
The global toilet tank market is witnessing growth in regions such as APAC, the Americas, and the ROW due to a rise in the number of commercial and residential buildings. This is directly attributed to an increase in construction-based activities across these regions and the demand for home improvement and refurbishments. Apart from this, there is an increasing demand for the concealed water tanks by the commercial buildings concentrating in increasing the aesthetic look of the bathroom. Also growing awareness of water saving techniques by adoption of modern cisterns which meet the water sense criteria set by authorities such as the Environmental Protection Agency (EPA) is a reason for adoption of such tanks. The eco-friendly toilets are in high demand today as they consume less water for one time flush. The adoption rate is high in certain regions due to scarcity of water in certain regions, making it necessary for sanitary ware vendors to concentrate on designing eco-friendly toilet tanks.
Technavio’s analysts forecast the global toilet tank market to grow at a CAGR of 3.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global toilet tank market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of toilet tanks.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Toilet Tank Market 2017-2021
Technavio recognizes the following companies as the key players in the global toilet tank market: oto, Kohler, Lixil, and Geberit
Other Prominent Vendors in the market are: WDI, Yuyao Meige Sanitary Parts, SIAMP, and Thomas Dudley
Commenting on the report, an analyst from Technavio’s team said: “The concealed toilet tanks will see a rapid growth due to home improvements adopted across various regions. Remodeling and refurbishments of the sanitary ware specially in designing stylish bathrooms for which the ongoing trend is compatibility in small space for which the concealed tanks toilets are right fit. Concealed toilet tanks are a growing trend in the market with an increasing number of vendors offering these products.”
According to the report, the adoption of eco-friendly toilet tanks has increased in the recent years. For instance, Japanese toilet makers offers environmentally friendly new models that use less than 5.5 liters per flush, compared to 13.5 liters deployed by tanks designed a decade ago. In APAC, the sanitation is the most underpenetrated market especially in countries such as India. Efforts are put from the government's side such as Swachh Bharath Abhiyan for improving the rural and semi-urban sanitation. In 2016, the (State Bank of India) SBI launched a program called the SBI youth for India fellowship which is a 13 months long program giving an opportunity for young people in India to work for rural development projects. The program came up with a solution for low cost toilet called as twin pit pour flush system model which addressed the issue of water crises in rural areas. The solution also meets the health and hygiene standards thereby paving the way for much eco-friendlier toilets. There were other implementations such as deep rural plan which uses very little water per flush in comparison to the conventional toilet tanks which will drive the market for the eco-friendly toilet tanks cutting down the water usage in 2016.
Further, the report states that repairs and maintenance of toilets tanks is a challenging task for end-users. The toilet tanks witness blockage in the flapper valve due to debris and rust which is accumulated in the toilet tank due to which most of the time the tank does not fill in the bottom. For vendors, overcoming these performance challenges is crucial. The production of durable and aptly fitting seals and valves is a challenge for vendors. Moreover, the ensuring that the water flow is continuous from the tank to the toilet bowl also impacts performance.
oto, Kohler, Lixil, Geberit, WDI, Yuyao Meige Sanitary Parts, SIAMP, Thomas Dudley.
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