DUBLIN, March 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/tgzh25/china_sanitary) has announced the addition of the "China Sanitary Ware Industry Report - Forecasts to 2017" report to their offering.
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Accompanied by economic growth, accelerated urbanization, improving disposable income of residents and the growing demand for housing, China sanitary ware market has seen burgeoning development with the marekt size soaring from RMB44.1 billion in 2007 to RMB94 billion in 2012, an average annual growth rate of 16.3%. Compared with developed countries, China stayed at a low level in terms of the per capita consumption of sanitary ware products. And the sanitary ware market of China is expected to continue the momentum of rapid development, with the targeted marekt scale hittng RMB171.6 billion by 2017, an AAGR of 12.8%.
In general, sanitary ware falls into ceramic sanitary ware and non-ceramic sanitary ware. In 2012, the penetration rate of sanitary ware in China claimed 45.7%. And the figure is expected to rise steadily, thanks to China's full-blown urbanization. The estimate shows that the penetration ratio by 2017 will jump to 59.3%, and that the market scale will hit RMB101.8 billion.
KEY TOPICS
Key Topics Covered:
1. Introduction of Sanitary Ware
2. Sanitary Ware Concerned Industries in China
3. China Sanitary Ware Market
4. Regional Market
5. Leading Sanitary Ware Producers
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/tgzh25/china_sanitary
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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