In a recent report, bathroom remodels are in great demand as ever. Having surveyed top interior designers from across the nation, found that 71% of them believe homeowners are more willing to spend on a bathroom remodel in 2023 than before. Taking into account the recent increases in the cost of living, this shows the greed for home improvement remains strong.
Here are some of the biggest trends that will be going to be popular in the bathroom industry in 2023.
- Smart technology: Smart Technology is becoming increasingly popular in the bathroom industry, and this trend is likely to continue in 2023. Smart toilets, showers, and other bathroom fixtures that can be controlled via smartphones or other devices are likely to be in high demand.
- Sustainable and eco-friendly products: As people become more aware of the impact that their purchasing decisions have on the environment, there is a growing demand for sustainable and eco-friendly bathroom products. This trend is likely to continue in 2023, with more manufacturers offering environmentally friendly options.
- The COVID-19 pandemic has further accelerated the growth of the cloud kitchen market as consumers shifted to online food ordering and delivery services due to lockdowns and restrictions on dining out.
- The market is highly competitive with a mix of established players and new startups. Some of the major players in the market include Kitchen United, Zomato limited, Deliveroo Editions, REEF Kitchens, Door dash, Swiggy Access, and CloudKitchens.
- The cloud kitchen market is segmented by type, which includes independent cloud kitchens, kitchen sharing, and kitchen pods, and by application, which includes quick service restaurants (QSR), fine dining, and others.
- Pacific is expected to dominate the cloud kitchen market in terms of revenue share, owing to the high demand for food delivery services in countries such as China, India, and Japan.