Brazil Sanitary Ware Market Set To Reach USD 1.7 Billion by 2018 Says TechSci Research
Vancouver, Canada (PRWEB) July 26, 2013 -- According to a recently published report by TechSci Research “Brazil Sanitary Ware Market Forecast & Opportunities, 2018,” the sanitary ware market in Brazil is expected to witness high growth during 2013-2018, making it a whopping USD 1.7 Billion market. The south east and the north eastern regions accounts for the highest contribution in the sales volume of sanitary ware products in Brazil. Both of these regions account for a large portion of population with high disposable income. During last decade, Brazil witnessed unprecedented growth and has emerged as a power house in the Latin America region. It is one of the fastest-growing economies in the world. Brazil is currently ranked as the seventh largest economy, which clearly indicates the potential of Brazil. The economic recession which originated from United States led to the slowdown of the Brazilian economy, but Brazil has emerged among the first few nations to register robust recovery in their economy.
The real estate sector in Brazil has successfully derived the advantage from the slowdown situation. The international players are continuously investing in the real estate projects across Brazil as they are expecting high returns because of the increasing demand for residential and commercial establishments in Brazil.
The investors in Brazil are more inclined towards the commercial projects such as the construction of hotels and resorts. Brazil is set to host two mega sports events “2014 FIFA World Cup and 2016 Summer Olympics” and the investment happening in hospitality sector is quite significant. The growth in the real estate sector has even led to the rise in the demand for sanitary ware products in the last few years, which is quite evident from the fact that the nation which was once a net exporter of sanitary ware products has now emerged as an importer of the same product category. The Brazilian government has also announced positive measures to fill the housing deficit gap, which includes the large-scale housing projects. The government of Brazil for the second phase of “My Home, My Life” project, has announced to invest USD 44.2 Billion to establish two million homes by 2014. This would create the significant demand for the sanitary ware products in Brazil, said Mr. Karan Chechi, Research Director with TechSci Research a global management consulting firm.
“Brazil Sanitary Ware Market Forecast & Opportunities, 2018” has analyzed the growth potential of the sanitary ware market in Brazil and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
Ken Mathews, TechSci Research, http://www.techsciresearch.com/, +1 646 360 1656, [email protected]
Share this article