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Plumbing Fixtures Market worth $139.4 billion by 2027 | Leading Players are Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd

02-12-2021 12:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

Plumbing Fixtures Market worth $139.4 billion by 2027 | Leading

The report "Plumbing Fixtures Market by Material (Vitreous China, Metal, Plastics), Product (Bathtub & Shower Fixtures and Fittings, Sink Fixtures & Fittings, Toilet Fixtures & Fittings), Application (Renovated, New Buildings), End-Use - Forecast to 2027", The plumbing fixtures & fittings market is projected to reach USD 139.4 Billion by 2027. The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Factors such as increasing demand in Asia-Pacific due to rapid urbanization, building renovations due to disasters and upgradations, rising construction activities in emerging economies, and large-scale investment in industrial and infrastructure sectors are some of the drivers for the growth of the plumbing fixtures & fittings market.

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Residential buildings to gain maximum traction during the forecast period
The residential buildings segment dominated the market in 2018 and is projected to be the fastest-growing end-user industry in the next five years, as a result of the rising urbanization and changing lifestyle inclined toward new designs and better technology in homes. The residential market is projected to grow at the highest rate due to the rise in new and existing housing completions. Furthermore, the non-residential segment is projected to be the second fastest-growing end-use industry due to the rising demand from commercial buildings such as hotels, gyms, and spa resorts.

Plastics as a raw material to play a key role in the plumbing fixtures & fittings market
The report defines and segments the plumbing fixtures & fittings market on the basis of raw material into vitreous china, metal, and plastics. The vitreous china segment is projected to contribute the largest market share as it is the most economical material for domestic fixtures such as toilet bowls, urinals, and washbasins. Plastic plumbing fixtures & fittings, made from a wide range of polymers such as fiberglass, cast polymer, and acrylic, is projected to grow at the highest rate from 2018 to 2027.

“Asia-Pacific region to be the largest market for plumbing fixtures & fittings during the forecast period.”
The Asia-Pacific region led the market in 2018 due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As plumbing fixtures & fittings are used widely in residential and non-residential buildings, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This was followed by North America, which was the second-largest market for plumbing fixtures & fittings followed by RoW and Europe.

The global market for plumbing fixtures & fittings is dominated by players such as Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd (Japan), Roca Sanitario, S.A. (Spain), Elkay Manufacturing Company (U.S.), and MAAX Bath Inc. (Canada).

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Scope of the Report :
The research report segments the plumbing fixtures & fittings market into the following submarkets:

By Material:
• Vitreous china
• Metal
• Plastic

By Product:
• Bathtub & shower fixtures
• Sink fixtures
• Toilet fixtures
• Bathtub & shower fittings
• Sink fittings
• Toilet fittings
• Other fixtures & fittings

By End-Use:
• Residential buildings
• Non-residential buildings

By Application:
• New buildings
• Renovated buildings

By Region:
• North America
• Europe
• Asia-Pacific
• RoW

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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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