Press release
Kitchen Faucets Market Size & Share By Sales Revenue, Future Demands, Growth Factors and Emerging Trends Forecast to 2026
Kitchen Faucets Market
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"Rapid Expansion of Residential Sector Boosts the Market in North America"
North America is anticipated to maintain its dominance in the global kitchen faucets market throughout the forecast years. In 2017, the market in the region was worth US$ 2011.6 Mn. The rapidly expanding residential sector in this region is the foremost factor enabling growth in the market. With the help of advanced technology, the adoption of new kitchen faucets is increasing with an aim to enhance the design and look of kitchens. This is further expected to stimulate the growth of the market and increase the demand for faucet taps in the forthcoming years.
Analysis by Top Key Players:
Lixil Group Corporation
Hansgrohe Group
Masco Corporation
Fortune Brands
Spectrum Bands
TOTO
Roca Sanitario, S.A.
Jaquar Group
Apart from North America, Asia Pacific is also expected to register strong demand for kitchen faucets in the forecast years. Moreover, the region was valued at US$ 1440.5 Mn in the year 2017. Changes in the standard of living and rising per capita income are seeing a shift in the buying pattern of customers., which is likely to create attractive growth opportunities in the market. In addition to this, growing urbanization in countries such as Japan, India, China, and Singapore are likely to uplift the market’s growth by 2025. The market in Asia Pacific is expected to experience a CAGR of 7.5% during the forecast period.
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Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Key Insights
Macro and Micro Economic Factors
Key Technological Trends and Developments
Price Trend Analysis
Global Kitchen Faucets Market Analysis, Insights and Forecast, 2014-2025
Key Findings / Summary
Market Sizing Estimations and Forecasts – By Type (US$ Mn)
Pull-Down Faucet
Pull-Out Faucet
Hands-Free
Bar Faucets
Pot Filters
Faucet with Side Spray
Others
Market Sizing Estimations and Forecasts – By Installation Type (US$ Mn)
Deck Mount
Wall Mount
Market Sizing Estimations and Forecasts – By Material Type (US$ Mn)
Chrome
Stainless Steel
Bronze
Plastic
Others
Market Sizing Estimations and Forecasts – By Faucet Holes (US$ Mn)
One
Two
Three
Four
Market Analysis, Insights and Forecast – By Geography (US$ Mn)
TOC Continued…!
"Growing Demand for Technologically Developed Hands-free Faucets Bodes Well for the Market"
The rising demand for sophisticated, convenient, and environmental-friendly faucets is augmenting demand for kitchen faucets. “Companies are increasingly focusing on improvements in the plumbing industry and setting new standards in electronic water fixtures,” said a lead analyst at Fortune Business Insights™. This, as a result, will give rise to innovative and advanced kitchen faucets over the next few years.
Among different types of kitchen faucet products which include Pull-Out Faucet, Pull-Down Faucet, Bar Faucets, Hands-free Faucet, and Pot Filters, the demand for hands-free faucets is expected to fuel by 2025. The adoption of sensor-enabled hands-free faucets is likely to increase in the forthcoming years as they have the ability to save water and extended battery life.
Rapid digitization in kitchen faucets has caught the attention of several users. The introduction of touchscreen kitchen faucets is expected to bode well for the market. The added advantages of hands-free faucets such as cost-effectiveness and energy savers are contributing to the growth of the market.
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"Koehler’s Cloud-based Konnect Platform Sets New Standards in the Faucets Industry"
Jaquar Group, Lixil Group Corporation, Masco Corporation, Hansgrohe Group, Spectrum Bands, Fortune Brands, Roca Sanitario, S.A., and TOTO are some of the leading players operating in the global kitchen faucets market. Several large and small scale players are planning to set up manufacturing units in order to upgrade their production processes. In addition to this, manufacturers are trying to target the urban population by introducing premium kitchen faucets products such as faucet taps in the market. In 2018, Koehler announced the introduction of Koehler Konnect Platform. This platform is based on Microsoft’s Azure platform enabled with the internet of things (IoT) cloud solutions. Koehler’s products consist of Sensate faucet which operates on voice commands or touch-screen interactions. This platform allows a user to monitor water usage and track its consumption on a daily basis. Other companies are also working on to develop new kitchen faucets to survive the competition.
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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