According to the latest report by IMARC Group, titled “Plumbing Fixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”,The global plumbing fixtures market reached a value of US$ 80.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 109.2 Billion by 2027, exhibiting a CAGR of 5.17% during 2022-2027. K
Plumbing fixtures represent exchangeable devices attached to a pipe system for circulating water throughout a building. The most commonly available plumbing fixtures include faucets, showers, urinals, bathtubs, washbasins, flushing cisterns, etc. They are made with smooth, non-absorbent, non-corrosive, and anti-microbial materials, which allow easy cleaning. As a result, these fixtures are installed in the drainage systems of the kitchens, washrooms, bathrooms, etc., of commercial facilities, schools, houses, hospitals, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The rising demand for luxury homes and increasing renovation activities of existing buildings are primarily catalyzing the plumbing fixtures market. This is attributable to elevating levels of urbanization and inflating disposable incomes of consumers. Moreover, several government bodies across numerous countries are investing in infrastructural development, thereby contributing to the market growth. Besides this, various non-residential buildings, including gyms, hotels, spa resorts, etc., are using plumbing fixtures, such as showers and bathtubs, to improve customer satisfaction. Additionally, the growing public consciousness towards health and hygiene is further stimulating the market growth. Furthermore, the rising adoption of eco-friendly plumbing solutions to save cost, reduce water and energy wastage, minimize carbon footprints, etc., is anticipated to drive the global plumbing fixtures market over the forecasted period.
Global Plumbing Fixtures Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
Bradley Corporation, Elkay Manufacturing Company, Globe Union Industrial Corp., Hansgrohe SE (Masco Corporation), Kohler Co., LIXIL Corporation, MAAX Bath Inc. (American Bath Group), Moen Incorporated (Fortune Brands Home & Security Inc.), Roca Sanitario S.A. and Toto Ltd.
The report has segmented the market on the basis on product, location, application, distribution channel and end user.
Breakup by Product:
- Faucets and Taps
Breakup by Location:
Breakup by Application:
- New Construction
- Repair and Renovation
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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