Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Plumbing Fixtures Market Size is Expected to Grow from USD 87.12 Billion in 2023 to USD 145.24 Billion by 2033, at a CAGR of 5.24% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Plumbing Fixtures Market Size, Share, and COVID-19 Impact Analysis, By Product (Toilets, Showers, Faucets & Taps, Drains, and Others), By Deployment (Residential and Commercial), By Location (Bathroom, Kitchen, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The global plumbing fixtures market refers to the manufacturing, distribution, and retailing of necessary plumbing fixtures, such as sinks, faucets, toilets, bathtubs, showers, and other associated parts for use in residential, commercial, and industrial facilities. The key driving factors for the growth of the plumbing fixtures market include the consumers who earn more money and are more inclined to purchase contemporary and attractive plumbing fixtures, which fuels market expansion as homeowners place a higher priority on updates and renovations. Additionally, plumbing fixtures with technological innovations like touchless faucets and smart toilets are growing in popularity since they improve user experience and encourage sustainability. However, including market saturation in developed nations, regulatory obstacles, and expensive startup expenses. Production costs are affected by changes in the price of raw materials, and demand is uncertain due to political and economic uncertainties.
The drains segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of product, the global plumbing fixtures market is divided into toilets, showers, faucets & taps, drains, and others. Among these, the drains segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to the increased awareness of sustainability and water conservation. Moreover, innovative materials and designs improve durability and functionality which exceeds the segment revenue in the overall market.
The commercial segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of deployment, the global plumbing fixtures market is divided into residential and commercial. Among these, the commercial segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The growth can be attributed to efficient plumbing systems that are necessary for the continuous new construction projects in office buildings, restaurants, and hotels. The need for sophisticated fixtures is fueled by the emphasis on sanitation and hygiene in public areas.
The bathroom segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of location, the global plumbing fixtures market is divided into bathroom, kitchen, and other. Among these, the bathroom segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth can be attribted because modern bathrooms are in high demand due to consumers' increasing disposable incomes, who prioritize comfort and luxury over high-end, technologically sophisticated fixtures.
North America is anticipated to hold the largest share of the global plumbing fixtures market over the predicted timeframe.
North America is anticipated to hold the largest share of the global plumbing fixtures market over the predicted timeframe. This region is growing urbanization, consumer demand for contemporary fixtures, and developments in smart plumbing technology are some of the factors propelling the region's market expansion. The expansion of the hospitality industry as well as residential and commercial projects feeds demand for fashionable and effective solutions, securing the region's place as a major participant on the world stage.
Asia Pacific is expected to grow at the fastest CAGR in the global plumbing fixtures market during the forecast period. The growth can be attributed to the substantial building activity in the commercial and residential sectors of this area. The area's emphasis on better infrastructure and contemporary living standards helps the market grow. Customers' desire for long-lasting and reasonably priced plumbing solutions drives the market for cutting-edge goods that satisfy modern demands and raise living standards.
Company Profiling
Major vendors in the global plumbing fixtures market are Gerber Plumbing Fixtures LLC, GROHE, Kohler Co., Moen Incorporated, Ferguson Enterprises, LLC., TOTO LTD., American Bath Group, Colston Bath, Delta Faucet Company, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global plumbing fixtures market based on the below-mentioned segments:
Global Plumbing Fixtures Market, By Product
Global Plumbing Fixtures Market, By Deployment
Global Plumbing Fixtures Market, By Location
Global Plumbing Fixtures Market, Regional
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