Global Broom Market Forecast Through 2035: Premiumization and Emerging-Market Demand Drive Value Growth
An IndexBox report forecasts that the global broom market index will reach 108 by 2035 (2025 = 100), with a compound annual growth rate of about 0.8% and value growing slightly faster than volume. Growth will come mainly from premium segments, such as ergonomic handles and specialized bristle materials, and expanding demand among emerging middle classes in Asia-Pacific, Latin America, the Middle East, and Africa. The expansion of private labels and ongoing channel commoditization are continuing to squeeze brand margins, while sales volumes in mature North American and European markets remain stable amid intense promotions.
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Source:IndexBox Industry Chain and Raw Materials · indexbox.io