latest trends in bathroom decor

11
LATEST TRENDS IN BATHROOM DÉCOR

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Page 1: Latest Trends in Bathroom Decor

LATEST TRENDS IN BATHROOM DÉCOR

Page 2: Latest Trends in Bathroom Decor

Where Does the Industry Stand?

The bathroom furniture market in the US generated total revenues of $11.05 billion in 2014.

This accounted for a profit of $209.6 million. IBIS World predicted that the market would only

grow in the coming years as demand increases.

Page 3: Latest Trends in Bathroom Decor

Growth Expected

Remodelling projects in the country are expected to grow by 7% in the coming years.

Spending of $324 billion is expected on home improvement products.

Since bathroom renovations account for 58% of the total remodelling efforts in the country, it will the sector that benefits the most.

Page 4: Latest Trends in Bathroom Decor

Growth Expected Contd.

High demand will lead to an annual rise of 4.8% in furniture imports.

By 2020, the value of imported furniture will stand at $1.2 billion.

It will account for 10% of the industry's total revenues. The luxury industry is also expected to grow by an

average of 5.9% till 2020, as Americans look to increase their spending on home remodels.

Page 5: Latest Trends in Bathroom Decor

Return of the Organic

Super clean colors and seamless lines will be preferred in bathroom settings.

An elegant look that gives organic cosiness will be in demand.

Contemporary creation styles are likely to dominate the market.

2017 will see a transition toward preference for organic and natural settings.

Page 6: Latest Trends in Bathroom Decor

Continuity will be the Key

Demand for the same material for both the walls and floors has grown in the last few years and the trend is expected to grow in 2017 and 2018. It provides simplicity and playfulness, and has sneaked into bathroom designs as well.

One of the reasons is that it is easy to fit and maintain. It is dynamic in nature and gives you a lot of options to

experiment with. Using the same material creates a classy atmosphere by

providing continuity.

Page 7: Latest Trends in Bathroom Decor

Combinations are Going to Rule

Combination of modern and organic will gain popularity because of the clean and stylish look they provide. Similarly, a combination of wood and stone might be preferred for interiors. Synthetic materials that are easy to maintain will be the life of these combinations.

Page 8: Latest Trends in Bathroom Decor

Trough Sink is the New Thing

Also known as the 'double sink', trough sinks are already very popular among couples. Thy are basically extended versions of the traditional sinks but with space for both partners.

They offer space for two people to get ready at the same time.

Although the concept has existed for some years, the improvements made to suit contemporary buyers have helped in making this product popular.

They provide enough space to hand wash large items like sweaters and bedsheets.

Page 9: Latest Trends in Bathroom Decor

Online Stores will Be the Driving Force

The growing use of technology and adaptability shown by the consumer will continue to dominate the market in the coming years.

• Customers will prefer online shopping websites over physical stores.

• Online retail allows the consumer to choose from a large variety of options for bathroom appliances and fittings.

• Prices will be cheap, since overheads will be cut down.• Sellers who can provide multiple services and products

will get a competitive advantage.

Page 10: Latest Trends in Bathroom Decor

Opportunities in the Market

• Growing consumer confidence and per capita income will offer many opportunities in the US market.

• Demand for bathroom furniture and appliances will increase.

• By the end of the decade, there will be high demand for imported and luxury items.

Page 11: Latest Trends in Bathroom Decor

Contact Tuscan Basins for the Best Products

Website: https://www.tuscanbasins.comor

Phone: 732-456-6193or

Email: [email protected]