Exploring the Growing Faucet Market: Trends, Analysis, and Future Outlook 2028

Exploring the Growing Faucet Market: Trends, Analysis, and Future Outlook 2028
Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global market is majorly driven by the rapid expansion of the residential sector.

IMARC Group, a leading market research company, has recently releases report titled “Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global Faucet market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Faucet market?

Report Attributes


Market Size in 2022

US$ 26.9 Billion

Market Forecast in 2028

US$ 42.7 Billion

Growth rate (2023 to 2028)

CAGR of 7.85%

Base Year of the Analysis


Forecast Period


What is Faucet?

Faucets are devices designed to regulate water flow using taps or cocks. By turning the handle, the valve within the faucet opens and allows precise control over water flow under any circumstance. They are typically constructed using brass, steel, die-cast zinc, and chrome-plated plastic. The components of faucets include a handle, cartridge, spout, mixing chamber, aerator, and an inlet source. Some commonly used faucet variants include pull-down, pull-out, hands-free, bar, pot, and side spray faucets. In addition, single and dual-control cartridge faucets are popular for residential use. Single-control faucets feature a vertically operating metal or plastic core, while dual-control faucets utilize a metal ball with spring-loaded rubber seals integrated into the body. They are commonly available in a wide array of colors, styles, and finishes, facilitating customization based on the specific user preferences. They are indispensable accessories for both bathrooms and kitchens. At present, manufacturers are introducing various electronic and digital faucets, embedded with a set of distinct features, such as water management, temperature control, and automatic detection, to meet the evolving needs of consumers across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/faucet-market/requestsample

What are the growth prospects and trends in the Faucet industry?

The global faucet market is primarily driven by the rapid expansion of the residential sector. Moreover, the rising demand for high-quality and visually appealing faucets due to elevating levels of urbanization and inflating consumer disposable incomes is positively influencing market growth. Along with this, the increasing renovation and refurbishment activities in both residential and commercial segments have augmented the product demand. In addition, the escalating demand for faucets owing to several favorable initiatives undertaken by governments of numerous countries to provide housing facilities to lower-income groups represent another major growth-inducing factor. Additionally, the increasing need for luxurious and ergonomically designed bathrooms due to changing consumer lifestyle preferences and significant expansion of the hospitality sector has catalyzed market growth. Besides this, the rising adoption of advanced technologies, such as digitized and automated faucets that incorporate energy and water-saving features, making them cost-effective options, is propelling the market growth.

Furthermore, the introduction of touch-free, digital, and hybrid smart faucets equipped with sensors and temperature gauges that improve the overall user experience has accelerated the product adoption rate. Apart from this, the easy product availability through online retail channels and aggressive promotional activities by key players are contributing to the market growth. Other factors, including rising awareness about the importance of water conservation, the rapid expansion of the real estate sector, and the emerging trend of using smart and trendy bathroom accessories in residential homes and commercial establishments like hotels and resorts, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • One Hand Mixer
  • Two Hand Mixer
  • Others

Breakup by Application:

  • Bathroom
  • Kitchen
  • Others

Breakup by Technology:

  • Cartridge
  • Compression
  • Ceramic Disc
  • Ball

Breakup by Materials:

  • Metal
  • Plastics

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America (U.S. Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • American Standard Brands (Lixil Group)
  • Colston Bath
  • Delta Faucet Company (Masco Corporation)
  • Franke Holding AG (Artemis Holding AG)
  • Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
  • Grohe America Inc.
  • Jaquar
  • Kohler Co.
  • Moen Incorporated (Fortune Brands Home Security Inc.)
  • Toto Ltd.
  • Villeroy Boch Aktiengesellschaft.

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=2421&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com