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
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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:
• Vitreous china
• Bathtub & shower fixtures
• Sink fixtures
• Toilet fixtures
• Bathtub & shower fittings
• Sink fittings
• Toilet fittings
• Other fixtures & fittings
• Residential buildings
• Non-residential buildings
• New buildings
• Renovated buildings
• North America
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