Press release
Plumbing Components Market Analysis- 2020–2027 | by Product, Application & End-user
Plumbing Components Market
Plumbing Components Market by Product (Fittings, Manifold, Pipes and Valves), End-user (Residential and Non-residential) and Application (Bathtubs, Showerheads, Faucets and Other)
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Plumbing components include fittings, manifold, pipes and valves that are installed in plumbing connection in combination with sanitary equipment to complete the operation. Residential segment includes plumbing components installed in bathrooms or toilets and kitchens of single houses or bungalows, flats, townships and private owned buildings. Plumbing components used in kitchens, toilets or bathrooms in hotels, malls, offices and public places are considered under non-residential category.
Renovation of old bathrooms and kitchens in residential and non-residential buildings and new construction projects are driving the plumbing components market. Also, damaged or broken components are also needed to be replaced and thus, increase the sales of plumbing components. Further, some of the renovation work is also done when the houses, bungalows or flats are sold and the new owner wishes to redecorate the house.
In addition, installation of technically advanced sanitary equipments by replacing the old equipment is another factor for sales of plumbing components. Manufacturers have recognized the market growth opportunity and have adopted several strategies like new product launch, acquisition of companies and business expansion to offer wide range of products to the customer and to widen their product offering in the new regions.
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Covid-19 Impact Analysis
Moreover, the global COVID-19 pandemic has made a negative impact on the construction industry. Many of the new construction and renovation projects were put on hold. Manufacturing and transportation has been affected which has eventually created negative trend on the global plumbing components market in 2020.
Geographic Review
Region wise, the plumbing components market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Players
The key players analyzed in the global plumbing components market are Aalberts N.V. (Lasco Fittings), Central States Industrial, Finolex Industries Ltd., McWane, Inc. , Morris Group (Acorn), Mueller Industries, Nupi Industrie Italiane S.p.A., Reliance Worldwide Corporation Ltd., Turnkey Industrial Pipe & Supply Inc., and Uponor Corporation.
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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 domains.
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