The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Fixtures & fittings are used in residential and non-residential buildings in bathtub & shower fixtures, sink fixtures, toilet fixtures, and sink fittings among others. The residential buildings industry accounted for the largest market share. Rising disposable incomes of the urban population are stimulating the construction of new houses in urban regions, resulting in an increased demand for plumbing fittings & fixtures. The demand for plumbing products for replacements is especially high in the residential construction sector. Home kitchen remodeling projects typically involve the installation of multiple sinks for convenient cooking and bathrooms, thereby increasing the demand for plumbing fixtures & fittings.
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These products include various types of fixtures & fittings such as bathtub and shower fixtures, sink fixtures, toilet fixtures, bathtub & shower fittings, toilet fittings, sink fittings, and other plumbing fixtures and fittings. Residential buildings use bathtubs to gain a luxuriant experience. Many non-residential buildings such as hotels, gyms, and spa resorts use bathtub & shower fixtures as a way to promote their status and improve customer satisfaction. The rise in construction expenditures in the non-residential markets, including health care rehabilitation centers where whirlpool baths serve a more therapeutic purpose, will continue to support demand for bathtubs.
On the basis of raw material, the market for fixtures & fittings is segmented into vitreous china, metal, and plastics, which is further segmented into fiberglass, cast polymer, acrylic, and other plastics. The plastic segment is projected to grow at the highest rate, as it is easy to use and install, and is durable and adaptable. The metal segment is projected to grow at the second-highest CAGR during the forecast period.
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The Asia-Pacific region led the market in 2018 due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As plumbing fixtures & fittings are used widely in residential and non-residential buildings, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This was followed by North America, which was the second-largest market for plumbing fixtures & fittings followed by Row and Europe.
The global market for plumbing fixtures & fittings is dominated by players such as Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd (Japan), Roca Sanitario, S.A. (Spain), Elkay Manufacturing Company (U.S.), and MAAX Bath Inc. (Canada).
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