Luxury Plumbing Fixtures Market Insights, Trends Sales, Supply, Demand 2018-2024
Robust advancements in plumbing have resulted in the development of luxury fixtures such as bathrooms integrated with AV systems, dual-flush toilets and motion sensor faucets, which in turn is creating lucrative growth opportunities for the overall market. Development of smart fittings have allowed to meet the consumer demand in terms of efficiency and appearance.
Request a sample copy of this research report: https://www.gminsights.com/request-sample/detail/2380
Strict government regulations aimed at reducing water consumption in commercial and residential sector are also stimulating the development of modern sanitary solutions. According to EPA, 50% of water is consumed for indoor activities in the U.S. Global Market Insights, Inc. projects that worldwide, the luxury plumbing fixtures market size is poised to witness consistent expansion through 2024.
Growing inclination towards sensor operated valves, heated seats and touch free bathrooms are fueling the deployment of innovative bathroom products. Estimates claim that the bathroom segment of luxury plumbing fixtures industry will expand with a CAGR of 4.5% during 2017-2024.
The prominent manufacturers and providers od luxury plumbing fixtures include Noble Corp., Grohe, American Standard, Little Giant, Fiberez Bathware, Natphil, Johler, Sterling Faucet, Delta, Cera Sanitary Ware, Matco-Norca and Toto, among others.
The kitchen segment is expected to accrue USD 4.6 billion by the year 2024, primarily due to shifting focus towards home renovations and growing demand for high quality showers and faucets. Based on the application spectrum, the residential segment is reckoned to witness a y-o-y growth rate of 4.9% through 2024.
Improving economic conditions and rising consumer spending on high quality interiors are positively influencing the industry outlook. Introduction of low interest rates and affordable housing loans have allowed consumers to spend on high-end products. Commercial application segment held 35% market share in the year 2016. Surging investments towards commercial buildings such as offices, hotels and restaurants are favoring the market trends.
Rising adoption of international facility standards and increasing number of multinational hotel franchise isn developing regions are boosting the installation of luxury fixtures. Estimates indicate that Asia-Pacific accounted for 25% of total luxury plumbing fixtures market share in the year 2016. Rapid expansion of commercial sector, primarily due to rising number of international investors is promoting infrastructure development in Asia-Pacific.
Request for customization: https://www.gminsights.com/roc/2380
Alternatively, the luxury plumbing fixtures industry in North America will witness consistent growth in the subsequent years. Lack of adequate water sources have increased the replacement of conventional products with more water efficient faucets and showers.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Luxury Plumbing Fixtures Market Insights, Trends Sales, Supply, Demand 2018-2024 here
News-ID: 2283751 • Views: 261
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can
More Releases for Luxury
Luxury Car Hire Jaipur
For uncommon events where you need establish a connection either it's an agreement or individual one our tasteful taxis are prepared to zoom you. There are a few minutes in life where you need to make yourself and somebody exceptional or a proper outing where it is important to show you what your identity is, so don't pressure of owing a vehicle employ a vehicle with our organization. Our tasteful
Luxury Diaries & Organisers
ANTORINI Breath-taking diaries for 2017 We have discovered the most beautiful and stylish 2017 diaries for you. Enter the world of beautiful scheduling. The new collection of leather diaries for 2017 bears the signs of beauty and perfection. It combines the sense of practical scheduling and attractive timeless design. You can find diaries with gold plating, different shapes, colours and surfaces in the new exclusive collection of the prestigious ANTORINI brand. Diaries
Luxury Portfolio International™ Connects With Luxury Consumers
CHICAGO – (8/29/11) – As interest in the luxury real estate market continues to increase, Luxury Portfolio International™ is responding by showcasing their high end properties through international events and in venues around the world. Approaching the fall season, Luxury Portfolio International™ is hosting a series of member-facing Fall Workshops, first in Chicago followed by Providence, Rhode Island, September 6-7th. Network brokers, managers, marketing and relocation professionals from across
Luxury shower panel Aqvaplana
The AQVAPLANA shower panel, completely designed in solid marine Okumè type wood, takes a departure from the mainstream world of sanitary fixtures, which doesn't contemplate the use of wood in direct contact with water for an extended time. The perceptive intuition of creating a shower panel which makes use of wood, normally employed in the building of boats and further protecting it with special marine type varnishes, actually brings the
Luxury Jewelry That Impress...
Are what 1001 Mouse is all about, and our line of gift ideas includes "gift certificates" for those that are "difficult to buy for". Searching for Luxury Jewelry can be... Frustrating and Time Consuming... - Luxury Jewelry at http://jewelry.1001Mouse.com are the finest, most memorable and unique Luxury Jewelry found anywhere! Gift ideas of 14 Karat Luxury Jewelry are absolutely, positively, Luxury Jewelry is THE BEST gift imaginable for either men or
Unique Luxury Gift Baskets
Luxury Gift Baskets are the perfect gift idea for anyone, and for any occasion. If you need a gift idea for anyone, and don't know what to choose, then a gift basket from 1001 Mouse http://gift-baskets.1001mouse.com will deliver what you've been seeking! Gourmet Gift baskets** filled with delectable, palate-pleasing goodies are the best way to entice and please anyone on your gift-giving list! We deliver gift baskets for any occasion including