Global Faucets Market By Product Type (Electronic, Manual), Type (One-Hand Mixer, Two-Hand Mixer, Others), Materials (Metal, Plastics (PTMT)), Application (Bathroom, Kitchen, Others), Distribution Channel (Online, Offline), Technology (Cartridge, Compression, Ceramic Disc, Ball), End-User (Residential, Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Faucets Market
Faucets market will reach an estimated valuation of USD 9.93 billion by 2027, while registering this growth at a rate of 8.85% for the forecast period of 2020 to 2027. Faucets market report analyses the growth due to factor such as increasing applications of modernised bathroom and kitchens will drive the growth of the market.
Faucets are a type of device which is used to control the flow of water by using the tap or cock. By turning the handle the valve open and control the flow of water under any condition, as they are made up of brass, zinc, plastic or any other material.
Change in consumer preferences and improving lifestyle, rising disposable income of the people, surging growth of the real estate industry leading to more construction and residential buildings, rising population, increasing investment in industrial sector and adoption of smart faucets that will enable water conservation and also provide ease of operation are some of the factors that will enhance the growth of the faucets market in the forecast period of 2020-2027.
Increasing water management regulations will acts as a biggest challenge for the growth of faucets in the above mentioned forecast period.
This faucets market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on faucets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Faucets Market Scope and Market Size
Faucets market is segmented on the basis of product type, type, materials, distribution channel, end-user, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, faucets market is segmented into electronic and manual.
- Based on type, faucets market is segmented into one-hand mixer, two-hand mixer and others.
- Based on materials, faucets market is segmented into metal and plastics (PTMT).
- On the basis of technology, faucets market is segmented into cartridge, compression, ceramic disc and ball.
- Based on distribution channel, faucets market is segmented into online and offline.
- On the basis of end-user, faucets market is segmented into residential and commercial.
- Faucets market is segmented in terms of market value, volume, market opportunities and niches into multiple applications. The application segment for faucets market includes bathroom, kitchen and others.
Faucets Market Country Level Analysis
Faucets market is analysed and market size, volume information is provided by country product type, type, materials, technology, distribution channel, end-user and application as referenced above.
The countries covered in the faucets market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the faucets market due to the prevalence of more than one washroom in every household while Asia-Pacific region is expected to hold the largest growth rate due to the rising number of residential and commercial construction projects.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and faucets Market Share Analysis
Faucets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to faucets market.
The major players covered in the faucets market report are Moen Incorporated, Franke Kitchen Systems, LLC, DELTA FAUCET COMPANY, Gerber Plumbing Fixtures LLC, GROHE AMERICA, INC., Jaquar., Kohler Co., Colston Bath., PROFLO, TOTO LTD., LIXIL Group Corporation, Fortune Brands Home & Security, Inc., Paini., Hansgrohe, Roca Sanitario, S.A., CERA Sanitaryware Limited., Delta Faucet Company, Villeroy & Boch AG MAC Faucets, LLC, VitrA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Faucets Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.