Luxury Plumbing Fixtures Market Regional Growth Drivers, Trends and Forecasts to 2024
Advancement in plumbing industry pertaining to new generation attractive fitting are shifting consumer spending on upgraded interiors. Motion sensor faucets, dual-flush toilets, and bathroom integrated with audio/video system are some of the examples of luxury plumbing fixtures.
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Luxury Plumbing Fixtures Market by Fixtures analysis:
Fixtures segmentation: The report claims that the Fixtures landscape of the Luxury Plumbing Fixtures is subdivided into –
Important pointers encompassed pertaining to the Fixtures spectrum:
• Major details about the Fixtures spectrum are
provided in the report.
• The study elaborates on the remuneration forecast
of each of the Fixtures categories by the end of the
• The market share which each of the Fixtures
segments account are mentioned in the study.
• Also, the most proliferating trends that the
Fixtures spectrum is characterized by are also
Bathroom segment is set to witness over 4.5% growth up to 2024, with showers and bathtubs being the major contributing fixtures. Shifting trend towards touch free bathrooms, heated seats, and sensor operated valves will open lucrative opportunity in this segment.
Kitchens will generate over USD 4.6 billion in revenue by 2024. Increased consumer willingness to spend more on home renovations and to invest on high quality faucets & showers will remain a key factor to drive luxury plumbing fixtures market growth.
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APAC Luxury Plumbing Fixtures Market represents over 25% of the demand in 2016. Rapid commercial sector expansion owing to increasing number of international investors in the region has positively influenced regional market growth.
Global luxury plumbing fixtures market share includes:
• Cera Sanitary Ware
• Sterling Faucet
• Fiberez Bathware
• Little giant
• American standard
• Noble corporation
Entrance of conventional manufactures to provide high-end fixtures makes the industry more fragmented.
Residential application will observe 4.9% CAGR up to 2024. Improved economic condition along with increasing consumer spending on better-quality interiors will boost luxury plumbing fixtures market growth. Affordable and low interest rate housing loans supporting new house construction which in turns making easy for customer to allocate more budget on high-end interior product.
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