DUBLIN–(BUSINESS WIRE)–The “Faucet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global faucet market reached a value of US$ 24.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 39.8 Billion by 2027, exhibiting a CAGR of 7.99% during 2022-2027.
Companies Mentioned
- American Standard Brands (Lixil Group)
- Colston Bath
- Delta Faucet Company (Masco Corporation)
- Franke Holding AG (Artemis Holding AG)
- Gerber Plumbing Fixtures LLC (Globe Union Group Inc.)
- Grohe America Inc.
- Jaquar
- Kohler Co.
- Moen Incorporated (Fortune Brands Home & Security Inc.)
- Toto Ltd.
- Villeroy & Boch Aktiengesellschaft
Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor
A faucet refers to a plumbing fixture used for regulating the flow of a liquid or gas from a reservoir. It is usually manufactured using brass, steel, die-cast zinc and chrome-plated plastic and consists of a handle, cartridge, spout, mixing chamber, aerator and an inlet source. Some of the most commonly used faucets include pull-down, pull-out, hands-free, bar, pot and side spray faucets.
Apart from these, single and dual control cartridge faucets are also used for residential applications. Single control variants consist of a metal or plastic core that operates vertically, and the dual control variants operate through a metal ball with spring-loaded rubber seals fitted into the body. These faucets are available in a wide range of colors, styles and finishing that can be customized according to the user requirements
Rapid urbanization, along with significant growth in the residential sector, is one of the key factors creating a positive outlook for the market. Furthermore, with the changing lifestyles and improving standards of living, there is an increasing demand for luxurious and ergonomically designed faucets that are convenient to use and are also aesthetically appealing.
Additionally, various product innovations, such as the development of touch-free, digital and hybrid smart faucets that are equipped with efficiency sensors and temperature gauges, are acting as other growth-inducing factors. In line with this, aggressive promotional activities by the manufacturers and the proliferation of online retail channels that provide users with a wide variety of products to choose from, are also contributing to the market growth. Other factors, including rising expenditure capacities of the consumers, along with increasing product adoption across residential, commercial and hospitality sectors, are anticipated to drive the market further
Key Question Answered in this Report
1. What is the size of the global faucet market?
2. What has been the impact of COVID-19 on the global faucet market?
3. What are the key factors driving the global faucet market?
4. What is the breakup of the global faucet market based on the distribution channel?
5. What is the breakup of the global faucet market based on the type?
6. What is the breakup of the global faucet market based on the application?
7. What is the breakup of the global faucet market based on the end-user?
8. What are the key regions in the global faucet market?
9. Who are the key players/companies in the global faucet market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Faucet Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Technology
9 Market Breakup by Materials
10 Market Breakup by Distribution Channel
11 Market Breakup by End User
12 Market Breakup by Region
13 SWOT Analysis
14 Value Chain Analysis
15 Porters Five Forces Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/1nma9j
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