Transparency Market Research delivers key insights on the global toilet seat market. In terms of revenue, the global toilet seat market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global toilet seat market report.
In this market report, TMR predicts the rising construction sector and home renovation activities to have a noteworthy impact on the overall toilet seat market. The growing trend of home modernization and renovation has increased the installation and usage of a variety of toilet seats. Massive migration to cities, increasing population, and rising middle class income are creating huge demand for real estate, which ultimately positively impact the toilet seat market globally. The growth of the business environment generates the need for infrastructure development. Rising government initiatives for better sanitation and increasing construction activities of community toilets & public toilets by governments are also major factors boosting the toilet seat market across the globe.
In terms of bowl shape, the toilet seat market has been segmented into elongated, round, and square. During the forecast period, the market is anticipated to be dominated by the elongated segment. In the report, based on raw materials, the toilet seat market has been categorized into plastic, wood, ceramic, urea molding compounds, and others. Rising demand for toilet seats made of urea molding compound is anticipated to drive the segment during the forecast period.
Based on category, the toilet seat market has been classified into smart toilet seat and ordinary toilet seat. The smart toilet seat segment is anticipated to expand at a significant growth rate during the forecast period.
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In terms of application, the toilet seat market has been bifurcated into residential and commercial. Increasing construction of commercial spaces such as shopping complexes, shopping malls, and offices has augmented the demand for toilet seats. Thus, the commercial segment is estimated to expand at a higher pace. In terms of distribution channel, e-Commerce or online stores are likely to be the area of opportunity for the toilet seat market during the forecast period. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales.
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global toilet seat market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts during the production of the global toilet seat market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, products portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the toilet seat market as a primary source.
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These primary and secondary sources provided exclusive information during interviews, which serves as a validation from toilet seat industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global toilet seat market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global toilet seat market more reliable and accurate.
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