Plumbing Fixtures and Fittings Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Plumbing Fixtures and Fittings Global Market 2024 To Reach $145.16 Billion By 2028 At Rate Of 7.8%
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The plumbing fixtures and fittings market has experienced significant growth in recent years. It is projected to increase from $99.29 billion in 2023 to $107.62 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.4%. This historical growth can be linked to factors such as urbanization, infrastructure expansion, a surge in housing and construction activities, design advancements, regulations promoting water efficiency, and heightened consumer awareness regarding health and hygiene.
What Is the Estimated Growth Rate and Market Size of the Global Plumbing Fixtures and Fittings Market?
The plumbing fixtures and fittings market is anticipated to experience robust growth in the coming years. It is projected to reach $145.16 billion by 2028, with a compound annual growth rate (CAGR) of 7.8%. Factors driving this growth during the forecast period include increased competition and innovation, the evolution of regulatory standards, economic trends, the influence of market globalization, and consumers' preference for aesthetic appeal.
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What Are The Significant Drivers Behind The Growth Of The Plumbing Fixtures and Fittings Market?
The rising emphasis on sewage treatment to address global water needs is propelling the market for plumbing fittings and fixtures purchased or rented by individuals and companies. The demand for sewage treatment is driving the need for modern plumbing fixtures and fittings, as efficient and contemporary plumbing solutions are essential for promoting sustainable wastewater management and sanitation infrastructure.
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Which Top Companies Are Shaping The Growth Of The Plumbing Fixtures and Fittings Market?
Key players in the plumbing fixtures and fittings market include Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos, Roca Sanitario, Moen, American Standard, Bemis Company, Moen Incorporated, Elkay Manufacturing Company, Mansfield Plumbing, Oatey Company, Liberty Pumps, Little Giant, Newport Brass, Nuvo H2O, MAAX Bat, Brizo Faucets, Danze, Delta, DreamLine Shower, GROHE, InSinkErator, Jensen Medicine Cabinets, Peerless, Pioneer, Price Pfister, Sloan, Speakman, Symmons, Viega, Waste King, ADS, ALFI, Alsons, Aquatic Bathware, Arrowhead Brass.
Which Emerging Trends Are Reshaping the Plumbing Fixtures and Fittings Market Size?
Key players in the plumbing fixtures and fittings market are creating innovative products, including WaterSense-certified bathroom items, to enhance their competitive position. The WaterSense label is a program backed by the U.S. Environmental Protection Agency (EPA). Products and services bearing the WaterSense label are certified to use at least 20% less water, save energy, and perform equally or better than standard models.
What Are The Segments In The Global Plumbing Fixtures and Fittings Market?
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial
Asia-Pacific: Largest Region in the Plumbing Fixtures and Fittings Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is The Plumbing Fixtures and Fittings Market Defined?
Plumbing fixtures and fittings are vital elements of plumbing systems in buildings, ensuring the proper distribution of water for activities such as drinking and washing, as well as the removal of waterborne waste. Plumbing fittings are products designed for easy relocation and straightforward installation, while plumbing fixtures are fixed installations that cannot be moved once in place and are typically damaged along with the structure of the house. Only those products classified as plumbing fixtures are considered non-portable.
The Plumbing Fixtures and Fittings Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Plumbing Fixtures and Fittings Market Report: Trends, Opportunities, Strategies, and More
The Plumbing Fixtures and Fittings Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into plumbing fixtures and fittings market size, plumbing fixtures and fittings market drivers and trends, plumbing fixtures and fittings competitors' revenues, and plumbing fixtures and fittings market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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The Business Research Company
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