Covid-19 Impact on Plumbing Components Market & Future Growth Prospects, 2020–2027
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The global plumbing components market size accounted for $58.5 billion in 2019, and is expected to reach $78.2 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027.
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.
Top 10 Leading Players
Aalberts N.V. (Lasco Fittings)
Central States Industrial
Finolex Industries Ltd.
Morris Group (Acorn)
Reliance Worldwide Corporation Ltd.
Turnkey Industrial Pipe & Supply Inc.
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Key Market Segments
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