The global toilet tank market size reached US$ 693.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 817.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028. Numerous initiatves by government and non-governmental organizations (NGOs), increasing concerns about water scarcity, and the integration of advanced technologies represent some of the key factors driving the market.
A toilet tank is a cistern that accumulates, and stores water used in the process of flushing. It is mounted directly to the bowl or the wall behind and comprises a toilet flush valve, which lets water flow into the bowl during the flush, and the fill valve that allows water to refill the tank. It also includes a rubber flapper, fill float, and overflow tube and is manufactured using thermoplastic materials, such as acetal (AC), polyester, polypropylene (PP), and acrylonitrile butadiene styrene (ABS). Nowadays, key players operating across the globe are offering various colors, designs, and customization in toilet tanks to meet the requirements of individuals. Besides this, the increasing number of shopping malls, restaurants, amusement parks, offices, hospitals, cafes, theaters, airports, and railway stations is influencing the demand for toilet tank across the globe.
Toilet Tank Market Trends:
Several initiatives undertaken by governments and non-governmental organizations (NGOs) of several countries to ensure that basic sanitation facilities are affordable, accessible, and safe, especially in rural areas, represent one of the major factors driving the demand for toilet tanks around the world. Moreover, the increasing awareness among individuals about health and hygiene is favoring the market growth. In addition, there is a rise in the inclination towards exquisite and high-end household accessories, such as smart toilets, on account of the improving living standards of the consumers and inflating income levels. These toilets are integrated with sensors that activate the flushing mechanism automatically. Apart from this, key players are using water-saving technology to reduce water wastage. This, coupled with increasing environmental concerns about water scarcity and decreasing groundwater levels, is encouraging these players to design new and state-of-the-art toilet tanks. Furthermore, the growing popularity of portable toilets at construction sites, public spaces, and events and significant improvements in the sanitation conditions is influencing the market positively. Besides this, there is an increase in the number of renovation and refurbishment activities in hotels wherein natural stones are used, including marble and granite, to enhance the aesthetic appearance. This, in turn, is strengthening the market growth. Additionally, the growing installation of toilets with toilet tanks in armored vehicles for armed forces is anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global toilet tank market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on material, mount type, operation, distribution channel, and application.
The report has provided a detailed breakup and analysis of the toilet tank market based on the material. This includes plastic, ceramic, metal, and others. According to the report, ceramic represented the largest segment.
Mount Type Insights:
- Wall Mount
A detailed breakup and analysis of the toilet tank market based on the mount type has also been provided in the report. This includes a wall mount, pre-fitted, and others. According to the report, pre-fitted accounted for the largest market share.
- Single Button Press
- Double Button Press
The report has also provided a detailed breakup and analysis of the toilet tank market based on the operation. This includes manual (single button press, double button press, and lever), automatic, and others. According to the report, manual represented the largest segment.
Distribution Channel Insights:
- Sanitary Ware Stores
- Specialty Stores
- Online Stores
A detailed breakup and analysis of the toilet tank market based on the distribution channel has also been provided in the report. This includes sanitary ware stores, specialty stores, hypermarkets, online stores, and others. According to the report, sanitary ware stores accounted for the largest market share.
The report has also provided a detailed breakup and analysis of the toilet tank market based on the application. This includes households, hospitals, commercial, industrial, and others. According to the report, households represented the largest segment.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for toilet tanks. Some of the factors driving the Asia Pacific toilet tank market included the growing popularity of portable toilets, rising concerns about water scarcity, integration of advanced technologies, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global toilet tank market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Duravit AG, Geberit AG, Hindware Limited, Jaquar Group, Kohler Co., LIXIL Corporation, Mansfield Plumbing Products LLC (Organizacion Corona S.A.), Roca Sanitario S.A., Siamp, Thomas Dudley Ltd, TOTO Ltd., WDI (Xiamen) Technology Inc., Yuyao Meige Sanitary Parts Industrial Co. Ltd., Zurn Industries LLC (Zurn Elkay Water Solutions Corporation), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
| Historical Period
||Material, Mount Type, Operation, Distribution Channel, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Duravit AG, Geberit AG, Hindware Limited, Jaquar Group, Kohler Co., LIXIL Corporation, Mansfield Plumbing Products LLC (Organizacion Corona S.A.), Roca Sanitario S.A., Siamp, Thomas Dudley Ltd, TOTO Ltd., WDI (Xiamen) Technology Inc., Yuyao Meige Sanitary Parts Industrial Co. Ltd., Zurn Industries LLC (Zurn Elkay Water Solutions Corporation), etc.
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Key Questions Answered in This Report:
- How has the global toilet tank market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global toilet tank market?
- What are the key regional markets?
- Which countries represent the most attractive toilet tank markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the mount type?
- What is the breakup of the market based on the operation?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global toilet tank market?
- Who are the key players/companies in the global toilet tank market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the toilet tank market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global toilet tank market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the toilet tank industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.