The global faucet market size is expected to reach USD 36.69 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations is anticipated to fuel the growth of the market.
Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home-remodeling projects. Hence, this led to an increase in trendy and smart bathroom accessories and further drive the growth of the market for faucets. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2019.
Faucet Market Report Highlights
- In terms of revenue, the commercial faucet segment led the market and accounted for a revenue share of 52.53% in 2023, attributed to installations of top-notch restroom-related facilities in malls and shopping complexes. Faucets enabled with touch technology are highly popular in commercial places which help in water conservation as well as in enhancing the aesthetics
- The kitchen segment is estimated to witness the fastest growth over the forecast period. The growing adoption of pull-out and pull-down faucets due to water-efficient technologies is driving the demand for kitchen faucets among millennials. Asia Pacific is anticipated to experience a high demand for pull-out and pull-down kitchen faucets due to the increasing population
- The introduction of sensor-based faucets is anticipated to fuel the growth of the global faucet industry during the forecast period. These faucets ensure superior hygiene standards and water conservation technology. For instance, Daniel Rubinetterie, a Europe-based creative faucet manufacturer has launched a range of sensor technology solutions dedicated to public environments
For More Details or Sample Copy please visit link @: Faucet Market Report
The e-commerce distribution channel is witnessing momentum as the market players are focusing on marketing their products through different digital media platforms. The most commonly used digital mediums are social media accounts or pages and brand websites. Some of the major e-commerce sellers of faucets for kitchens, bathrooms, and other applications are Wayfair LLC, Hausera, Faucet Depot, and Amazon.
Prominent market players like Moen, Delta, and Kohler are offering pull-out and pull-down kitchen faucet technologies to gain substantial market share. These faucets offer hand wave technologies, clap technology, Wi-Fi technology, etc. for the convenience of the consumers and efficient water conservation technologies. The pull out and down kitchen faucets operate at restricted flow rates in an effort to save water as per government regulations.
The faucet industry is fragmented in nature with the presence of a large number of international players and a few regional players such as Kohler Co.; Kraus USA; American Standard Brands; GROHE America Inc.; Pfister; Delta Faucet Company; Moen Incorporated; Aqua Source Faucet.
List of Key Players in the Faucet Market
- Kohler Co.
- Kraus, USA
- American Standard Brands
- Grohe America Inc.
- Pfister
- Delta Faucet Company
- Moen Incorporated
- Aqua Source Faucet
- Danze Inc.
- Masko Corporation
We have segmented the global faucet market based on end-user, application, distribution channel, and region.
Faucet Product Outlook (Revenue, USD Million, 2018 - 2030)
- Ball
- Disc
- Cartridge
- Compression
Faucet Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Manual
- Automatic
Faucet Application Outlook (Revenue, USD Million, 2018 - 2030)
- Bathroom
- Kitchen
- Others
Faucet End User Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
Faucet Material Outlook (Revenue, USD Million, 2018 - 2030)
- Stainless Steel
- Copper
- Brass & Bronze
- Zinc & Zinc Alloys
- Plastic
- Others
Faucet Finish Outlook (Revenue, USD Million, 2018 - 2030)
- Nickel
- Chrome
- Stainless Steel
- Matte Black
- Others
Faucet Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Online
- Offline
Faucet Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: grandviewresearch.com
#FaucetMarket #PlumbingIndustry #HomeImprovement #KitchenAndBath #SanitaryWare #PlumbingFixtures #FaucetIndustry #SmartFaucets #TouchlessFaucets #EcoFriendlyFaucets #WaterEfficientFaucets
The global Faucet Market report offers a comprehensive assessment of the market for the forecast years.
This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.The key market players for the global Faucet market are listed below:JaquarAGMECO FaucetsRocaHindwareHansgroheCERA SanitarywareGroheKohlerKerovitOthersClick here to get a FREE Sample Copy of the Faucet Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-22087The Global Faucet Market Report is equipped with market data from 2016 to 2026.
It also evaluates the competitive scenario of the leading players.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on Faucet MarketThe global pandemic COVID-19 has affected the Faucet market directly or indirectly.
The detailed study highlights the probable outcomes of this global crisis on the Faucet industry.
The impact study on production, supply-demand, and sales provides a holistic approach to the future.Do You Have Any Query Or Report Customization?
Modernizing your bathroom is very simple once you have knowledge about what bathroom accessories you require in your home.
The appliances that you install in your bath arena are of immense importance, not only where you place them but also how they impact on your space as a whole.
There are designs, sizes and colors of these accessories that are efficiently matched with the décor theme as well as budget of customers.When it comes to selecting the right sanitary ware for you, you will require taking the following points into consideration:Where your drain is situated This will need determining from the wall to the current bolts in place for your present toilet.
In most cases, your new toilet can be 1 inch either way of your drain.DesignThe design of your toilet bowl is enormously important.
This might sound strange, but toilets have been designed to provide different levels of comfort.
The height for most toilets is normally 14 to 15 inches.
