Press release
Plumbing Fixtures Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027
Global Plumbing Fixtures Market is estimated to reach $102.3 billion in 2027, by growing at a CAGR of 8.0% during the forecast period (2021-2027). Around a quarter of construction, output was generated from the public sector while three-quarters were from the private sector. There are three main sectors of the construction industry including commercial & social (around 45.0%), residential (around 40.0%), and infrastructure (around 15.0%). In addition, around 60.0% of construction output is a new build, while 40.0% is refurbishment and maintenance. The construction industry is related to the plumbing fixture industry and hence with the presence of well-established construction industry, a considerable growth in the plumbing fixture market was estimated.Moreover, owing to the low access to toilet, the government is taking initiatives to construct toilets, which in turn, creating demand for bathroom fixtures. According to World Health Organization (WHO) in 2017, only 39% of the global population uses a toilet that is connected to a safe sewerage system.
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Shift Towards Sustainable Plumbing Fixtures
According to Environmental Protection Agency (EPA), The average American uses approximately eighty-eight gallons of water every day. Approximately, 24.0% get flushed down the toilet, 20.0% are used in showers, 19.0% in faucets, 17.0% in clothes washers, and 12.0% are attributed to leaks. As the water crisis is growing, the plumbing fixture manufacturers are developing sustainable plumbing fixture solutions that save water. Every year, there are so many new technologies introduced to save a bundle on water costs without compromising bath time experience. For instance, a low-flow faucet reduces the flow of water from the faucet without reducing pressure, saving both water and energy. A low-flow faucet reduces water use by 30%. The flow rate of this sustainable fixture is only 1.2 gallons per minute, which is lower than the common faucets use. Further, the installation of dual flush toilets drives lower water usage in the home, thereby saving money on water bills. The EPA estimates that 4,000 gallons of water can be saved annually in homes that use dual flush toilets.
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Scope of the Global Plumbing fixtures Market
Market Coverage
• Market number available - 2021-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Material Type, Type, and End user
• Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
• Competitive Landscape- American Bath Group, Elkay Manufacturing Co., Fortune Brands Home & Security, Inc., Gaberit AG, Globe Union Industrial Corp., HSIL Ltd., Kohler Co., Lixil Group Corp
Recent Strategic Initiatives in the Global Plumbing Fixtures Market
• In February 2020, Bradley Corp. introduced a new line of matching Verge soap dispensers and faucets. These complete set offer cohesive and striking designs that further enhance the look of Verge washbasins and work seamlessly with any other basin.
• In February 2020, Bradley Corp. introduced navigator thermostatic mixing valve. It delivers safe water temperatures to both commercial faucet applications and emergency safety eyewash fixtures.
Global Plumbing Fixtures Market-Segmentation
By Material Type
• Metal
• Plastics
By Type
• Bathroom Fixtures
• Kitchen Fixtures
By End user
• Residential
• Non-Residential
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Global Plumbing Fixtures Market– Segment by Country
North America
• US
• Canada
Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• American Bath Group
• Elkay Manufacturing Co.
• Fortune Brands Home & Security, Inc.
• Gaberit AG
• Globe Union Industrial Corp.
• HSIL Ltd.
• Kohler Co.
• Lixil Group Corp
• Gerber Plumbing Fixtures, LLC
• Hansgrohe Deutschland Vertriebs GmbH
• Masco Corp.
• Moen Inc.
• Roca Sanitario, S.A.
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Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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