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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Plumbing fixtures are exchangeable devices attached to a system of pipes that carry water throughout a building. They are made using smooth, non-corrosive, non-absorbent, and anti-microbial materials and promote easy cleaning. They are installed in the drainage system of the kitchen, bathroom, washroom, and different parts of a commercial facility, houses, hospital, school, and other buildings. Some of the most commonly available plumbing fixtures are sinks, toilets, urinals, faucets, showers, bathtubs, water closets, washbasins, and flushing cisterns. Nowadays, modern bathrooms are made from fiberglass, acrylic, enamel, cast iron, steel, and opulent waterproof wood and equipped with overflows, drains, and taps that assist in delivering and draining water.
Plumbing Fixtures Market Trends:
The escalating demand for luxury homes and rising renovation of buildings on account of rapid urbanization and improving income levels represents one of the key factors impelling the market growth. Moreover, governing agencies of various countries are investing in infrastructure development, which is contributing to market growth. Apart from this, non-residential buildings, such as hotels, gyms, and spa resorts, use bathtubs, showers, and other plumbing fixtures to improve customer satisfaction. This, along with the rising focus on health and wellness among individuals, is further stimulating the growth of the market. Moreover, the rising demand for medical treatment and physical medicine is positively influencing the adoption of plumbing fixtures in hospital rehabilitation centers for therapeutic purposes. Furthermore, eco-friendly plumbing solutions are gaining traction across the world as they save cost, minimize carbon footprint, provide superior performance, and reduce the wastage of water and energy. In addition, several manufacturers are offering premium quality commercial plumbing fixtures, which is creating a favorable outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global plumbing fixtures market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based 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
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis
||Product, Location, Application, Distribution Channel, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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Key Questions Answered in This Report:
- How has the global plumbing fixtures market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global plumbing fixtures market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the location?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global plumbing fixtures market and who are the key players?
- What is the degree of competition in the industry?