India Bath & Shower Market to See 5% Growth through 2021, Says MarketMonitor Consultancy in Its Report Available at MarketPublishers.com09 Jan 2017 • by Natalie Aster
LONDON – Premium bath and shower products are enjoying growing demand amongst Indian consumers. The market for these products demonstrated the double digit growth over the period 2011-2015. The Indian economy has been experiencing the highest GDP growth if compared to major economies. It grew at a CAGR of more than 7% over the period 2015-2016. The penetration of bath and shower products increased over the last few decades considerably following positive developments that took place in the country.
Bar soaps dominate the local marketplace. The Indian bath and shower market grew at a CAGR above 11% over the period 2011-2015. The growth, however, is expected to be lower in the near term: its CAGR is predicted to be slightly over 5% over the period 2016-2021.
This market is set to almost touch the USD 4.5 billion mark by 2021. When it comes to companies participating in the Indian marketplace, it should be noted that Hindustan Unilever takes the lead there.
In-demand research report “India Bath & Shower Market Analysis Forecast & Opportunities, 2016-21” worked out by MarketMonitor Consultancy offers a comprehensive discussion of the Indian market for bath and shower products. The study starts an all-round overview of the global marketplace.
It comprises a 360-degree view of the Indian market. The report estimates this marketplace’s sizing and forecasts its changes in the years to come. The research study sheds light on performance of all segments of the Indian market.
It proceeds with a detailed analysis of the supply chain. The research report scrutinizes dynamics of the country’s marketplace. The study investigates trends and development of this space. It insightfully explores the policy and regulatory landscape.
The report also concentrates on the economic environment of this country. The research study investigates the competitive landscape and limelights top companies: Nirma Ltd., ITC Ltd., Emami Ltd., McNroe Chemicals Pvt Ltd, and more.
More cutting-edge reports by MarketMonitor Consultancy are available at its page.