Global Toilet Tank Market 2017-2021

Overview of the global toilet tank market

Technavio’s market research analyst predicts the global toilet tank market to moderately throughout the forecast period, posting a CAGR of more than 3%. Owing to the growing trend towards home improvements, several refurbishment and remodeling activities of sanitary ware are being carried out in designing stylish bathrooms. The availability of small spaces has prompted the demand for concealed tanks toilets as these are water saving, environment-friendly, and designed for comfortable use. Several manufacturers have come up with concealed toilet tanks with the flush valve technology because of their space-saving and aesthetic value they offer in washrooms.  A few vendors like Grohe have launched wall hung toilets with the concealed cisterns, which gives a luxurious look to the bathroom. The sanitary ware technology used for such cisterns not only reduces water consumption but also enhances aesthetics with concealed tanks. Moreover, the most recent development taking place in the market is the emergence of sensor based toilet tanks, which operate on automatic flushing systems and have a hassle-free handling.

In terms of geography, APAC dominated the global market for toilet tanks in 2016 and will be the fastest-growing region in the market over the next four years. Much of the region’s growth comes from China, which is home to a major number of vendors manufacturing and designing the toilet tanks such as WDI and Yuyao Meige Sanitary Parts. The growing adoption of eco-friendly products and refurbishments in home improvements will act as a significant growth driver for the toilet tank market in the APAC region.

Competitive landscape and key vendors

The toilet tank market comprises only a handful of players such as Toto, Kohler, Lixil, and Geberit. The number of local vendors that offer low-cost products is higher, which has intensified the competitive scenario in the market. The market is witnessing increasing consumption from residents undertaking personalized home improvement, which is a potential growth area for market players, who are focusing to offer differentiated products.

Leading vendors in the market are -

• Toto
• Kohler
• Lixil
• Geberit

Other prominent vendors in the toilet tank market include WDI, Yuyao Meige Sanitary Parts, SIAMP, and Thomas Dudley.

Segmentation by product type and analysis of the toilet tank market

• Close coupled and other toilet tanks
• Concealed toilet tanks

In terms of revenue, the close coupled and other types of toilet tanks segment accounted for the largest market share of the global toilet tank market in 2016. Much of the segment’s growth is due to the increasing demand for economical bathroom fittings, especially from residential and commercial end-users. The maintenance of these tanks is relatively economical compared to that of concealed toilet tanks and are preferable among end-users.

End-user segmentation and analysis of the toilet tank market

• Residential
• Non-residential

The residential segment accounts for the largest share of the market and will continue to maintain its lead during the forecast period. The growth of the housing market and the home improvement market globally has led to the rise in a number of toilet tank deployments in residential spaces. The segment is currently witnessing an increasing demand for concealed toilet tank-based toilet systems from upscale residential buildings in both developing and developed countries.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global toilet tank market?
• What are the key market trends impacting the growth of the global toilet tank market?
• What are the challenges to market growth?
• Who are the key vendors in the global toilet tank market?
• What are the market opportunities and threats faced by the vendors in the global toilet tank market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global toilet tank market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Smart Bathroom Market 2016-2020
• Global Urinals Market 2016-2020
• Toilet Care Market 2015-2019