2018 Bathroom Taps Market Consumption and Forecast to 2023 by Type & Region

Bathroom tap is a sanitary fitting valve that controls the release of water. With the increasing concern for hygiene standards and energy conservation, along with surging smart technologies, manufacturers are significantly adopting the concept of a smart bathroom with modern and smart accessories. Bathroom taps are one of the essential smart accessories that are gaining increasing focus among consumers as well as manufacturers. With the introduction of innovative technologies, manufacturers are providing a wide range of digital and electronic taps for the domestic and commercial sector.

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Increasing consumer disposable income is one of the primary factors that drive the growth of the global bathroom taps market. Growing consumer desires for home remodeling and trendy & smart bathroom accessories is expected to augment the demand for the global bathroom taps market. The introduction of sensor-based bathroom taps, with an aim to ensure superior hygiene standards and water conservation, is also expected to fuel the growth of the global bathroom taps market during the forecast period.

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The increasing rate of urbanization and infrastructure construction projects result in water and energy scarcity. This scenario is expected to result in an increasing adoption of smart bathroom accessories, with bathroom taps being one of them, thus boosting the growth of the global bathroom taps market during the forecast period. However, installation of sensor-based bathroom taps incurs heavy costs when compared to traditional bathroom taps. Also, faucets stop functioning in cases of power cuts. These factors are expected to be some of the few restraints that will hamper the growth of the global bathroom tap market.

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The global bathroom taps market is segmented on the basis of product type, technology, end-user industry, and geography. On the basis of product type, the global bathroom taps market is classified into wall mounted taps, floor mounted taps, mixer taps, pillar taps, shower mixer taps, and others (monobloc, waterfall, etc.). Based on end-users, the global bathroom taps market is segmented into commercial and domestic. The global bathroom taps market is segmented on the basis of technology, which includes sensors and non-sensors. Geographically, the global bathroom taps market has been analyzed across North America, Asia-Pacific, Europe, and LAMEA.

The key players that operate in the global bathroom taps industry are Jaquar, Kohler, LIXIL Group, Masco, Moen, Delta Faucet, CERA Sanitary ware, MAC Faucets, Vitra International AG., and Roca Sanitario.

Key Benefits:-

• The study provides an in-depth analysis of the global bathroom taps industry and current & future trends to elucidate imminent investment pockets.
• Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
• The quantitative analysis of the global bathroom taps market from 2017 to 2023 has been provided to determine the market potential.

Bathroom Taps Market Key Segments:-

By Product Type
Wall Mounted Taps
Floor Mounted Taps
Mixer Taps
Pillar Taps
Shower Mixer Taps
Others (Monobloc, Waterfall, Etc.)

By End-User Industry
Commercial
Domestic

By Technology
Sensor
Non-Sensor

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