Global Plumbing Fixtures Market was valued at US$ 80.85 Bn in 2017 and is expected to reach US$ 125.90 Bn by 2026, at a CAGR of 5.07 % during a forecast period.
Plumbing fixtures are machinery fitted in residential and commercial buildings to aid effective distribution and draining of water from the building. Superior products are used for the development of efficiency and aesthetic appeal. Rapid urbanization and shifting lifestyle patterns of consumers, a rise in disposable income, heavy investments in smart homes infrastructure, monitoring requirements and development in plumbing technology & water efficient plumbing. These major factors, which are expected to boost the adoption of plumbing fixtures. The raw materials, which are used in plumbing fixtures are estimated to fluctuate from time to time. The fixtures must follow to certification and standardization in order to ensure safety and security. Additionally, the strict regulations enforced on the quality of factual include lead, tin, and nickel, which can be used in the bathroom and kitchen fixtures are likely to hamper the plumbing fixtures market growth. The objective of the report is to present a comprehensive assessment of the global plumbing fixtures market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global plumbing fixtures market.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. Bathtub & shower fixtures are projected to share significant growth in the global plumbing fixtures market. The growth in the market is attributed to the residential buildings usage bathtubs to achieve a luxuriant experience. Additionally, numerous non-residential buildings like hotels, gyms, and spa resorts use bathtub & shower fixtures as a technique to endorse their status and increase consumer satisfaction. Growth in building expenses in the non-residential application, containing health care rehabilitation centers where waterspout baths aid a more therapeutic purpose is expected to increase the demand for bathtubs. Residential buildings are expected to share significant growth in the global plumbing fixtures market during the forecast period.
It is expected to be the fast end-user industry during the forecast period, as a result of the increasing urbanization and shifting lifestyle tending toward new designs and healthier technology in homes. Furthermore, commercial buildings are also projected to witnessing major market share during the forecast period. Increasing construction of bathroom-intensive commercial structures includes offices, educational facilities, hospitals, gyms, hotels and spa resorts will initiative the industry expansion. Geographically, Asia Pacific is expected to dominate the global plumbing fixtures market during the forecast period. Hugh investment in infrastructure facilities along with an increase in disposable income is projected to fuel the industry growth. An upsurge in bathroom and kitchen modifying projects among the middle-class population is expected to increase the demand for the product in the region. Reasonable products availability in developing economies such as India and China is expected to boom plumbing fixtures market. The country’s acknowledgment as manufacturing hub will offer numerous opportunities for plumbing fixtures industry expansion.
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Scope of the Report Global Plumbing Fixtures Market
Global Plumbing Fixtures Market, By Material
• Vitreous china • Metal • Plastic
Global Plumbing Fixtures Market, By Product
• Bathtub & shower fixtures • Sink fixtures • Toilet fixtures • Bathtub & shower fittings • Sink fittings • Toilet fittings • Other fixtures & fittings
Global Plumbing Fixtures Market, By End User
• Residential buildings • Commercial buildings
Global Plumbing Fixtures Market, By Application
• New buildings • Renovated buildings
Global Plumbing Fixtures Market, By Geography
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key player in Global Plumbing Fixtures Market
• Kohler Co • Geberit AG • Globe Union Industrial Corporation • Lixil Group Corporation • Toto Ltd. • Masco Corporation • MAAX Holdings, Inc. • Hansgrohe • Roca Sanitario • Bradley Corporation • Elkay Manufacturing Company • Fortune Brands Home & Security, Inc. • Jacuzzi Inc. • Moen Incorporated • American Bath Group • Cera sanitary ware limited • Asahi Eito co.ltd
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