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Plumbing Fixtures Market Outlook - 2023 | Key Drivers, Restraints and Opportunities With Top Leading Players
Plumbing Fixtures Market
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Components of plumbing fixtures include sink faucets, showerheads, bath spouts, hand showers, and valves, amongst others. Plumbing fixtures are the basic components used for various domestic as well as commercial purposes such as bathing, cleaning, washing, and others.
High investment in infrastructure facilities, rise in disposable income, and growing investment in smart homes and buildings are expected to fuel the plumbing fixtures market growth. Moreover, rise in construction facilities in countries of Asia-Pacific is expected to drive market growth. Introduction of various new systems including water efficient systems are expected to create lucrative opportunities in the plumbing fixtures market.
Key Segments
The report segments the global plumbing fixtures market on the basis of fixture type, end user, and region. Based on fixtures type, the plumbing fixtures market is classified into kitchen and bathroom fixtures. On the basis of end user, it is bifurcated into residential and non-residential. Region-wise distribution of market includes North America, Europe, Asia-Pacific, and LAMEA. The kitchen fixtures segment is expected to grow at the highest CAGR of 7.0% in the forecast period.
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Key Players
The key players profiled in the plumbing fixtures market include Kohler Co, Globe Union Industrial Corporation, Lixil Group Corporation, Toto Ltd., Masco Corporation, MAAX Holdings, Inc., Hansgrohe, Roca Sanitario, Bradley Corporation, and Elkay manufacturing Company.
Key Benefits
The report provides an in-depth analysis of the global plumbing fixtures market size to identify the potential investment pockets.
The key drivers, restraints, and opportunities and their detailed impact analysis have been elucidated.
Porters Five Forces model helps to analyze the potential buyers and suppliers and the competitive sketch of the global plumbing fixtures market, which is expected to guide the market players to develop strategies accordingly.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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