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Global Faucet Market 2022-2031 | Industry Insights, Research Analysis, New Trends, And Forecast
Faucet Market
The regions covered in the faucet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest faucet market share.
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The faucet market consists of sales of faucets products and related services by entities (organizations, sole traders, and partnerships) that are used for controlling the flow of liquid from a pipe by opening or closing a tap. A faucet is a plumbing fixture used for delivering liquid or gas from a reservoir. The faucet consists of a spout, handle, cartridge, aerator, chamber, and inlet sources, and is made of either brass, steel, die-cast zinc, and chrome-plated plastic.
Key competitors in the faucet market include American Standard Brands, Colston Bath, Delta Faucet Company (Masco Corporation), Gerber Plumbing Fixtures, Jaquar, Kohler Co., Fortune Brands Home & Security, Villeroy & Boch Aktiengesellschaft, Paini UK Ltd, Sloan Valve Company, Pfister, Danze Inc., Aqua Source Faucet, Eczacibasi Holding AS, and Elkay Manufacturing Co.
The global faucet market size is expected to grow from $32.91 billion in 2021 to $35.70 billion in 2022 at a compound annual growth rate (CAGR) of 8.47%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global faucets market size is expected to reach $51.62 billion in 2026 at a CAGR of 9.66%.
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TBRC's report segments the global faucet market:
1) By Product Type: Electronic, Manual
2) By Material: Metal, Plastics
3) By Technology: Cartridge, Compression, Ceramic Disc, Ball
4) By Application: Bathroom, Kitchen, Others
5) By End-User: Residential, Commercial
Read Further On The Faucet Market Here:
https://www.thebusinessresearchcompany.com/report/faucet-market-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Faucet Market Characteristics
3. Faucet Market Trends And Strategies
4. Impact Of COVID-19 On Faucet
5. Faucet Market Size And Growth
.....
27. Faucet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Faucet Market
29. Faucet Market Future Outlook and Potential Analysis
30. Appendix
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