Global plumbing fixtures & fittings market is expected to grow over the CAGR of around 6% during the period 2019 to 2024, Plumbing Fixtures and Fittings Market: Information, by Material (Vitreous China, Metal, Plastics), by Product (Bathroom Fixtures & Fittings, Kitchen and Sink Fixtures & Fittings, Toilet Fixtures & Fittings and others), by Application (Residential and Commercial) and by Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) – Forecast to 2024
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Market Drivers and Restraints:
Increasing scarcity of fresh water in various parts of the world has created the emergence for additional ways to conserve water in residential and commercial places. High demand for installation of plumbing fixtures and fittings that utilize less water has created multiple opportunities for the expansion of the global plumbing fixtures and fittings market. Increasing popularity of modular kitchen and smart homes in developed and developing regions are also contributing to the growth of the global plumbing fixtures and fittings market. Increasing popularity of bathroom renovation projects that include installation of walk-in bathtubs, touchless faucets, and showerheads, showers with integrated seating and others are generating demand for technologically advanced plumbing fixtures and fittings. Increased manufacturing of products that are embedded with sensor technology is majorly propelling the growth of the global plumbing fixtures and fittings market. However, high cost of sophisticated fixtures and fittings and complexities related to the maintenance of these plumbing fixtures and fittings are likely to act as restraining factors for the expansion of the global plumbing fixtures and fittings market during the review period.
Plumbing Fixtures and Fittings Market Key Competitors:
The key players operating in the global plumbing fixtures and fittings market are Geberit AG (Switzerland), Fortune Brands Home & Security, Inc. (US), LIXIL Group Corporation (Japan), Masco Corporation (US), TOTO LTD (Japan), Roca Sanitario, S.A. (Spain), GWA Group Limited (Australia), Elkay Manufacturing Company (US), Kohler Co. (US), Hindware Homes (India).
Market Segmentation
By Material – Vitreous China, Metal, and Plastics
By Product – Bathroom Fixtures & Fittings, Kitchen and Sink Fixtures & Fittings, Toilet Fixtures & Fittings, and Others
By Application – Residential and Commercial
The global plumbing fixtures and fittings market has been segmented on the basis of material and product. Based on material, the global plumbing and fixtures market has been segmented into vitreous China, metal and plastic. Based on product, the global plumbing and fixtures market has been segmented into bathroom fixtures and fittings, kitchen and sink fixtures and fittings, and toilet fixtures and fittings.
Regional Analysis:
The global plumbing fixtures and fittings market has been geographically segmented into four major regions such as North America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia Pacific region commands the major share in the global plumbing fixtures and fittings market owing to the increased construction activities and rise in investments for smart buildings and home in the emerging economies of this region. Initiation of water supply projects to provide drinking water in drought-prone areas and increased production of pipes for fixture and fitting purposes are also leading to the expansion of the plumbing fixtures and fittings market in the Asia Pacific region. Rapid infrastructural development and sophistication of plumbing systems in smart homes and commercial buildings are resulting in the significant expansion of the plumbing fixtures and fittings market in the North America region. Proliferation in manufacturers and increasing production of plumbing equipment are propelling the growth of the plumbing fixtures and fittings market in the Europe region.
Key Questions Addressed by the Report
What was the historic market size (2018)?
Which segmentation (Material/Product/Application is driving market?
What will be the growth rate by 2024?
How are the key players in this market?
What are the strategies adopted by key players?
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Major Key Points from Table of Content:
Table 1 List Of Assumptions
Table 2 Macro Indicators Influencing The Global Plumbing Fixtures And Fittings Market
Table 3 US: Annual Value Of Construction, 2013–2018 (USD Million)
Table 1 Vitreous China Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 2 Metal Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 3 Plastics Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 4 Bathroom Fixtures & Fittings Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 5 Kitchen And Sink Fixtures & Fittings Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 6 Toilet Fixtures & Fittings Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 7 Others Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 8 Residential Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 9 Commercial Market Estimates & Forecast, By Region, 2017–2024 (USD Million)
Table 10 Global Plumbing Fixtures and Fittings Market, By Region, 2017–2024 (USD Million)
Continued……
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