According to the latest report from the IMARC group, entitled “Plumbing Fixtures Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”The global plumbing fixtures market reached a value of US$80.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$109.2 billion by 2027 , posting a CAGR of 5.17% in 2022-2027.
Plumbing fixtures represent interchangeable devices attached to a piping system to circulate water through a building. The most commonly available plumbing fixtures include faucets, showers, urinals, tubs, sinks, toilets, etc. They are made with smooth, non-absorbent, non-corrosive and anti-microbial materials, which allows for easy cleaning. As a result, these luminaires are installed in the drainage systems of kitchens, toilets, bathrooms, etc., commercial facilities, schools, homes, hospitals, etc.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Growing demand for luxury homes and increase in existing building renovation activities are mainly driving the plumbing fixtures market. This is attributable to high levels of urbanization and inflation of consumer disposable incomes. Additionally, several government agencies in many countries are investing in infrastructure development, thereby contributing to the growth of the market. In addition to this, various non-residential buildings, including gymnasiums, hotels, spas, etc., use plumbing fixtures, such as showers and bathtubs, to improve customer satisfaction. Moreover, growing public awareness towards health and hygiene is further driving the growth of the market. In addition, increasing adoption of environment-friendly plumbing solutions to save costs, reduce water and energy waste, minimize carbon footprints, etc., is expected to boost the global plumbing fixtures market in during the forecast period.
2022-2027 Global Plumbing Fixtures Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Key player in the competitive landscape:
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 SA and Toto Ltd.
The report has segmented the market based on product, location, application, distribution channel, and end user.
Breakdown by product:
- The wells
- Faucets and faucets
- Oil changes
Breakdown by location:
Breakdown by application:
- New construction
- Repair and renovation
Breakdown by distribution channel:
Breakdown by end user:
Breakdown 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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