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Press Release:

Global Faucet Market to Grow at 7.85% During 2023-2028, Impelled by Rapid Expansion of Residential Sector

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Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global faucet market size reached US$ 26.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.85% during 2023-2028.

A faucet refers to a plumbing fixture used for regulating the flow of a liquid or gas from a reservoir. It is usually manufactured using brass, steel, die-cast zinc and chrome-plated plastic and consists of a handle, cartridge, spout, mixing chamber, aerator and an inlet source. Some of the most commonly used faucets include pull-down, pull-out, hands-free, bar, pot and side spray faucets. Apart from these, single and dual control cartridge faucets are also used for residential applications. Single control variants consist of a metal or plastic core that operates vertically, and the dual control variants operate through a metal ball with spring-loaded rubber seals fitted into the body. These faucets are available in a wide range of colors, styles and finishing that can be customized according to the user requirements.

Faucet Market Trends:

Rapid urbanization, along with significant growth in the residential sector, is one of the key factors creating a positive outlook for the market. Furthermore, with the changing lifestyles and improving standards of living, there is an increasing demand for luxurious and ergonomically designed faucets that are convenient to use and are also aesthetically appealing. Additionally, various product innovations, such as the development of touch-free, digital and hybrid smart faucets that are equipped with efficiency sensors and temperature gauges, are acting as other growth-inducing factors. In line with this, aggressive promotional activities by the manufacturers and the proliferation of online retail channels that provide users with a wide variety of products to choose from, are also contributing to the market growth. Other factors, including rising expenditure capacities of the consumers, along with increasing product adoption across residential, commercial and hospitality sectors, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global faucet market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application, technology, materials, distribution channel and end user.

Breakup by Type:

  • One Hand Mixer
  • Two Hand Mixer
  • Others
     

Breakup by Application:

  • Bathroom
  • Kitchen
  • Others
     

Breakup by Technology:

  • Cartridge
  • Compression
  • Ceramic Disc
  • Ball
     

Breakup by Materials:

  • Metal
  • Plastics
     

Breakup by Distribution Channel:

  • Online
  • Offline
     

Breakup by End User:

  • Residential
  • Commercial
  • Industrial
     

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
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being American Standard Brands (Lixil Group), Colston Bath, Delta Faucet Company (Masco Corporation), Franke Holding AG (Artemis Holding AG), Gerber Plumbing Fixtures LLC (Globe Union Group Inc.), Grohe America Inc., Jaquar, Kohler Co., Moen Incorporated (Fortune Brands Home & Security Inc.), Toto Ltd. and Villeroy & Boch Aktiengesellschaft.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Application, Technology, Materials, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Standard Brands (Lixil Group), Colston Bath, Delta Faucet Company (Masco Corporation), Franke Holding AG (Artemis Holding AG), Gerber Plumbing Fixtures LLC (Globe Union Group Inc.), Grohe America Inc., Jaquar, Kohler Co., Moen Incorporated (Fortune Brands Home & Security Inc.), Toto Ltd. and Villeroy & Boch Aktiengesellschaft
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Faucet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    One Hand Mixer
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Two Hand Mixer
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Bathroom
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Kitchen
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Technology
    8.1    Cartridge
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Compression
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Ceramic Disc
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Ball
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Materials
    9.1    Metal
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Plastics
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Distribution Channel
    10.1    Online
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Offline
        10.2.1 Market Trends
        10.2.2 Market Forecast
11  Market Breakup by End User
    11.1    Residential
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Commercial
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    Industrial
        11.3.1 Market Trends
        11.3.2 Market Forecast
12  Market Breakup by Region
    12.1    North America
        12.1.1 United States
           12.1.1.1 Market Trends
           12.1.1.2 Market Forecast
        12.1.2 Canada
           12.1.2.1 Market Trends
           12.1.2.2 Market Forecast
    12.2    Asia Pacific
        12.2.1 China
           12.2.1.1 Market Trends
           12.2.1.2 Market Forecast
        12.2.2 Japan
           12.2.2.1 Market Trends
           12.2.2.2 Market Forecast
        12.2.3 India
           12.2.3.1 Market Trends
           12.2.3.2 Market Forecast
        12.2.4 South Korea
           12.2.4.1 Market Trends
           12.2.4.2 Market Forecast
        12.2.5 Australia
           12.2.5.1 Market Trends
           12.2.5.2 Market Forecast
        12.2.6 Indonesia
           12.2.6.1 Market Trends
           12.2.6.2 Market Forecast
        12.2.7 Others
           12.2.7.1 Market Trends
           12.2.7.2 Market Forecast
    12.3    Europe
        12.3.1 Germany
           12.3.1.1 Market Trends
           12.3.1.2 Market Forecast
        12.3.2 France
           12.3.2.1 Market Trends
           12.3.2.2 Market Forecast
        12.3.3 United Kingdom
           12.3.3.1 Market Trends
           12.3.3.2 Market Forecast
        12.3.4 Italy
           12.3.4.1 Market Trends
           12.3.4.2 Market Forecast
        12.3.5 Spain
           12.3.5.1 Market Trends
           12.3.5.2 Market Forecast
        12.3.6 Russia
           12.3.6.1 Market Trends
           12.3.6.2 Market Forecast
        12.3.7 Others
           12.3.7.1 Market Trends
           12.3.7.2 Market Forecast
    12.4    Latin America
        12.4.1 Brazil
           12.4.1.1 Market Trends
           12.4.1.2 Market Forecast
        12.4.2 Mexico
           12.4.2.1 Market Trends
           12.4.2.2 Market Forecast
        12.4.3 Others
           12.4.3.1 Market Trends
           12.4.3.2 Market Forecast
    12.5    Middle East and Africa
        12.5.1 Market Trends
        12.5.2 Market Breakup by Country
        12.5.3 Market Forecast
13  SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14  Value Chain Analysis
15  Porters Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16  Price Analysis
17  Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players
        17.3.1    American Standard Brands (Lixil Group)
           17.3.1.1 Company Overview
           17.3.1.2 Product Portfolio 
        17.3.2    Colston Bath
           17.3.2.1 Company Overview
           17.3.2.2 Product Portfolio
        17.3.3    Delta Faucet Company (Masco Corporation)
           17.3.3.1 Company Overview
           17.3.3.2 Product Portfolio 
        17.3.4    Franke Holding AG (Artemis Holding AG)
           17.3.4.1 Company Overview
           17.3.4.2 Product Portfolio 
        17.3.5    Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
           17.3.5.1 Company Overview
           17.3.5.2 Product Portfolio 
        17.3.6    Grohe America Inc.
           17.3.6.1 Company Overview
           17.3.6.2 Product Portfolio 
           17.3.6.3 Financials 
           17.3.6.4 SWOT Analysis
        17.3.7    Jaquar
           17.3.7.1 Company Overview
           17.3.7.2 Product Portfolio
        17.3.8    Kohler Co.
           17.3.8.1 Company Overview
           17.3.8.2 Product Portfolio 
        17.3.9    Moen Incorporated (Fortune Brands Home & Security Inc.)
           17.3.9.1 Company Overview
           17.3.9.2 Product Portfolio
        17.3.10    Toto Ltd.
           17.3.10.1 Company Overview
           17.3.10.2 Product Portfolio 
           17.3.10.3 Financials 
           17.3.10.4 SWOT Analysis
        17.3.11    Villeroy & Boch Aktiengesellschaft
           17.3.11.1 Company Overview
           17.3.11.2 Product Portfolio 
           17.3.11.3 Financials 
           17.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Faucet Market: Major Drivers and Challenges
Figure 2: Global: Faucet Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Faucet Market: Breakup by Type (in %), 2022
Figure 4: Global: Faucet Market: Breakup by Application (in %), 2022
Figure 5: Global: Faucet Market: Breakup by Technology (in %), 2022
Figure 6: Global: Faucet Market: Breakup by Materials (in %), 2022
Figure 7: Global: Faucet Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Faucet Market: Breakup by End User (in %), 2022
Figure 9: Global: Faucet Market: Breakup by Region (in %), 2022
Figure 10: Global: Faucet Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Faucet (One Hand Mixer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Faucet (One Hand Mixer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Faucet (Two Hand Mixer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Faucet (Two Hand Mixer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Faucet (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Faucet (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Faucet (Bathroom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Faucet (Bathroom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Faucet (Kitchen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Faucet (Kitchen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Faucet (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Faucet (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Faucet (Cartridge) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Faucet (Cartridge) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Faucet (Compression) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Faucet (Compression) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Faucet (Ceramic Disc) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Faucet (Ceramic Disc) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Faucet (Ball) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Faucet (Ball) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Faucet (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Faucet (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Faucet (Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Faucet (Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Faucet (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Faucet (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Faucet (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Faucet (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Faucet (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Faucet (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Faucet (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Faucet (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Faucet (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Faucet (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North America: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North America: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: United States: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: United States: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Canada: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Canada: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Asia Pacific: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Asia Pacific: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: China: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: China: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Japan: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Japan: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: India: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: India: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: South Korea: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: South Korea: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Australia: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Australia: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Indonesia: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Indonesia: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Europe: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Europe: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Germany: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Germany: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: France: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: France: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: United Kingdom: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: United Kingdom: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Italy: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Italy: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Spain: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Spain: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Russia: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Russia: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Latin America: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Latin America: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Brazil: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Brazil: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Mexico: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Mexico: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Middle East and Africa: Faucet Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Middle East and Africa: Faucet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Faucet Industry: SWOT Analysis
Figure 94: Global: Faucet Industry: Value Chain Analysis
Figure 95: Global: Faucet Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Faucet Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Faucet Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Faucet Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Faucet Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Faucet Market Forecast: Breakup by Materials (in Million US$), 2023-2028
Table 6: Global: Faucet Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 7: Global: Faucet Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 8: Global: Faucet Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Faucet Market Structure
Table 10: Global: Faucet Market: Key Players


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Key Questions Answered in This Report

The global faucet market was valued at US$ 26.9 Billion in 2022.

We expect the global faucet market to exhibit a CAGR of 7.85% during 2023-2028.

The increasing demand for luxurious and ergonomically designed faucets due to the elevating consumer living standards, represents one of the key factors driving the global faucet market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction and renovation activities, thereby hampering the overall demand for faucet. 

Based on the type, the global faucet market has been bifurcated into one hand mixer, two hand mixer, and others. Currently, one hand mixer exhibits a clear dominance in the market.

Based on the application, the global faucet market can be divided into bathroom, kitchen, and others. Among these, bathroom accounts for the majority of the global market share.

Based on the distribution channel, the global faucet market has been segmented into online and offline. Currently, offline channel holds the largest market share.

Based on the end user, the global faucet market can be categorized into industrial, residential, and commercial. Among these, the residential sector holds the majority of the total market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global faucet market include American Standard Brands (Lixil Group), Colston Bath, Delta Faucet Company (Masco Corporation), Franke Holding AG (Artemis Holding AG), Gerber Plumbing Fixtures LLC (Globe Union Group Inc.), Grohe America Inc., Jaquar, Kohler Co., Moen Incorporated (Fortune Brands Home & Security Inc.), Toto Ltd., and Villeroy & Boch Aktiengesellschaft.

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