IMARC Group, a leading market research company, has recently releases report titled “Plumbing Fixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global plumbing fixtures market trends, share, size 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 plumbing fixtures market?
The global plumbing fixtures market size reached US$ 84.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.05% during 2023-2028.
What are plumbing fixtures?
Plumbing fixtures refer to devices or receptacles attached to a plumbing system that supplies water throughout a building. Some of the most commonly installed plumbing fixtures include sinks, toilets, urinals, faucets, showers, bathtubs, water closets, washbasins, and flushing cisterns. They are manufactured using smooth, non-corrosive, non-absorbent, and anti-microbial materials that promote easy cleaning. They are designed to carry water or discharge sewage and liquid waste into the drainage system connected to them directly or indirectly. As a result, plumbing fixtures are widely installed in kitchens, bathrooms, washrooms, and different parts of residential, commercial, and industrial buildings.
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What are the growth prospects and trends in the plumbing fixtures industry?
The shifting consumer inclination toward modern homes represents the primary factor driving the market growth. Moreover, the increasing home construction and renovation activities due to the expanding population, rapid urbanization, and elevating income levels is another major growth-inducing factor. In addition, plumbing fixtures are gaining traction in commercial establishments, such as hotels, gyms, restaurants and resorts, to maintain hygiene standards and enhance the customer experience. Besides this, the rising preferences for luxury kitchens and washrooms that are functional and aesthetically appealing, especially among the urban population, have augmented the product demand.
Furthermore, the leading manufacturers are introducing eco-friendly plumbing fixtures that save cost, provide superior performance, minimize carbon footprint, and reduce the wastage of water and energy. In line with this, the surging popularity of innovative water-efficient fixtures and plumbing technology, such as low flow faucets and sensors and dual flush toilets, that promote freshwater conservation has catalyzed market growth. Other factors, including the escalating demand for premium quality plumbing fixtures, rising consumer spending on smart homes, growing adoption of ceramic sanitary ware, extensive investments in infrastructure development, and increasing hygiene consciousness, are also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Bathtub
- Sinks
- Toilets
- Showers
- Faucets and Taps
- Drains
- Others
Breakup by Location:
- Bathroom
- Kitchen
- Others
Breakup by Application:
- New Construction
- Repair and Renovation
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Residential
- Commercial
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:
- Bradley Corporation
- Elkay Manufacturing Company
- Globe Union Industrial Corp.
- Hansgrohe SE (Masco Corporation)
- Kohler Co.
- LIXIL Corporation
- MAAX Bath Inc. (American Bath Group)
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Roca Sanitario S.A.
- Toto Ltd.
Note: 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.
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