The bathroom and kitchen equipment sector expects 20% sales growth in the third quarter.

The Spanish bathroom, kitchen and accessories equipment sector expects to close the third quarter of 2020 with a 20% growth in sales compared to the same quarter of the previous year, after falling 24,3% in the second. This has been made clear during the ARVET (Spanish Group of Exporting Companies) Market and Productivity Business Forums, in which the sector's forecasts for the third quarter have been advanced after analyzing the second quarter data collected in the Bathroom and Kitchen Equipment Market Observatory (OMEBC). A study conducted by ARVET and its integrated associations ASEBAN and COFEARFE, in collaboration with the Technological Institute AIDIMME.

The bathroom, kitchen and accessories industry is expecting a rapid recovery, as sales in the third quarter have seen V-shaped growth, with increases of over 20%, and some companies are even emphasizing that "it has been the best August in their business history." According to the AIDIMME market analyst, Vicente Sales"Activity in the sector has suffered an initial demand shock, and over time there has been a change in spending habits and priorities, but that doesn't mean consumption has stopped." In this sense, Manolo Herrero, director of ARVET, noted that “the lockdown has made people rediscover their homes and is increasing interest in bathroom and kitchen renovations.” 

Get the latest Extra Contract for free

Subscribe to our newsletter and receive the latest Extra Contract for free.

More news

New combinations and finishes, and easy, safe installation. Genebre, the world leader in high-quality faucets and accessories for fluid control, has expanded the possible combinations and finishes of its built-in shower faucets with the GEBOX 1, 2, and 3-way system. […]

...

Customizable in 1.800 color combinations and equipped with the latest technologies, INDA, an industrial group in the bathroom decoration sector with more than 80 years of experience and a consolidated leadership in international markets, presents two new mirrors from the Pinano collection: Pirano EVO and Pirano+ EVO, cutting-edge solutions that combine […]

...

The space has been designed by Summum Studio. VENUX, the brand that is breaking into the market with its accessible luxury offering, has presented its new exhibition space at the Coverings 2025 fair under the concept "Glacier," a spatial metaphor that emulates a large block of ice that opens to reveal the warmth and […]

...

The event will be held on May 29 in Madrid. Everything is ready for one of the most important events in the plumbing, air conditioning, heating, bathroom, and pool materials distribution sector. With a full capacity, Grupo Avalco is finalizing the details for its XNUMXth Suppliers and Partners Fair, which […]

...