NEW
YORK, June 18, 2024 /PRNewswire/ -- The global
plumbing fixtures and fittings market size is estimated to grow by
USD 51.5 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of 8.08% during the forecast period. Rise in construction
activities is driving market growth, with a trend towards advent of
eco-friendly plumbing solutions. However, fluctuating raw material
prices poses a challenge. Key market players include AKW
Medi-Care Ltd., American Bath Group, Delta Faucet Co, Elkay
Manufacturing Co., Geberit International AG, Gerber Plumbing
Fixtures LLC, HSIL Ltd, Ideal Standard Gulf FZCO, Jacuzzi Brands
LLC, LIXIL Corp., Masco Corp., Midland Industries, neXgen Plumbing
Products, Roca Sanitario SA, Somany Ceramics Ltd., Jaquar India,
Toto Ltd., United States Plastic Corp., Victorian Plumbing, and
Villeroy and Boch AG.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (FoTW and
BTW), Distribution Channel (Offline and Online), and Geography
(APAC, Europe, North America, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
AKW Medi-Care Ltd.,
American Bath Group, Delta Faucet Co, Elkay Manufacturing Co.,
Geberit International AG, Gerber Plumbing Fixtures LLC, HSIL Ltd,
Ideal Standard Gulf FZCO, Jacuzzi Brands LLC, LIXIL Corp., Masco
Corp., Midland Industries, neXgen Plumbing Products, Roca Sanitario
SA, Somany Ceramics Ltd., Jaquar India, Toto Ltd., United States
Plastic Corp., Victorian Plumbing, and Villeroy and Boch
AG
|
Key Market Trends Fueling Growth
The plumbing fixtures and fittings market is experiencing
significant growth due to the increasing adoption of eco-friendly
solutions. Water-efficient toilets, such as those with enhanced
aesthetics, save approximately 40% of water compared to traditional
models. Eco-friendly sprinkler systems, including drip systems,
minimize water usage in outdoor spaces. Water-efficient showerheads
reduce water consumption by 25% to 35% without affecting
performance. These innovations contribute positively to the
market's expansion during the forecast period.
The Plumbing Fixtures and Fittings market is currently
experiencing significant growth, with a focus on modern and
efficient solutions. Urbanization and the need for comfortable
living spaces are driving demand for advanced plumbing fixtures and
fittings. Technology plays a crucial role in this sector, with
smart and sensor-based fixtures gaining popularity. These include
toilet seats with bidet functions, temperature-controlled
showerheads, and water-saving faucets. Additionally, the use of
materials like copper, PVC, and stainless steel in plumbing
components is on the rise. The market is also witnessing a trend
towards eco-friendly and sustainable products, as consumers become
more conscious of their environmental impact. Overall, the Plumbing
Fixtures and Fittings market is an exciting space, filled with
innovation and growth opportunities.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The plumbing fixtures and fittings industry experiences
fluctuations in raw material prices due to various factors. These
include standardization and certification requirements, import
restrictions, and regulatory compliance. The cost of raw materials
like tin, lead, and nickel can significantly impact market growth.
Additionally, temporary steel shortages can increase production
costs. As a result, raw material price volatility negatively
affects the expansion of the global plumbing fixtures and fittings
market.
- The Plumbing Fixtures and Fittings market faces several
challenges. Sensors and technology play a significant role in this
industry, with smart systems and automation becoming increasingly
popular. However, the cost of implementing these technologies can
be a barrier for some businesses. Another challenge is the
availability and cost of raw materials, especially metals like
copper and brass, which are essential for manufacturing plumbing
fixtures and fittings. Additionally, regulations and compliance
requirements can add complexity and cost to the manufacturing
process. Furthermore, the market is highly competitive, with many
players vying for market share. Therefore, companies must focus on
innovation, quality, and cost-effectiveness to remain
competitive.
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challenges - Download a Sample Report
Segment Overview
This plumbing fixtures and fittings market report extensively
covers market segmentation by
- Application
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 FoTW- The Front of the Wall (FoTW) fixtures and
fittings market involves visible plumbing products, including water
outlets and associated fixtures like showerheads, taps, sinks, and
bathroom ceramics. Consumer trends significantly impact demand,
with vendors introducing new, stylish solutions for bidets,
washbasins, and urinals. Technological advancements also boost
growth. Despite challenges from the COVID-19 pandemic, construction
resumption and government support have revived sales in 2020,
setting the stage for continued expansion in the forecast
period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Plumbing Fixtures and Fittings market in residential
buildings is experiencing significant growth due to urbanization
and the increasing demand for smart homes. Multi-polymer
processors, utilizing advanced technologies like Corzan CPVC, are
leading the way in water-efficient plumbing solutions. These
innovations are essential in today's world, where water consumption
and efficiency are key concerns. Smart homes integrate plumbing
infrastructure with advanced technology, offering convenience and
improved functionality. Bathroom fixtures and fittings, including
sinks, toilets, showers, and bathtubs, are being upgraded with
water-saving features. Plumbing fittings, such as pipes, valves,
connectors, and faucets, are also being designed with water
efficiency in mind. Repair and remodeling projects in kitchens and
restrooms often involve the replacement of old plumbing fixtures
and fittings with new, water-efficient models. As residential
buildings continue to evolve, the Plumbing Fixtures and Fittings
market will remain a vital component of urbanization and
sustainable living.
Market Research Overview
The Plumbing Fixtures and Fittings Market encompasses a wide
range of products used in both residential and commercial
buildings. These include taps, valves, showers, toilets, sinks, and
various other types of fixtures and fittings. The market is driven
by factors such as increasing urbanization, growing construction
activities, and rising demand for water conservation and efficient
plumbing systems. The use of advanced materials like brass,
stainless steel, and PVC in the production of these fixtures and
fittings adds to their durability and longevity. The market is also
witnessing the emergence of smart and energy-efficient plumbing
solutions, offering significant growth opportunities. The demand
for these products is expected to remain strong due to ongoing
infrastructure development and renovation projects worldwide.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Distribution Channel
-
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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