Faucets Market to Witness CAGR of 6.1% Increase in Value Share by 2025

Global industry analysis

The Faucets Market has seen a remarkable growth over the years, with a CAGR of 6.1% by 2025. This surge in demand for faucets has been driven by the increasing renovation and construction activities undertaken across the globe.

A faucet is a mechanism that controls the release of liquid or gas. A faucet consists of several parts including handle, cartridge, spout, mixing chamber, aerator and water inlet. To meet consumer needs, faucets are available in a variety of colors, designs and finishes. Turning the handle of a faucet opens a valve that regulates the flow of liquid or gas. You can change the flow rate according to your needs. Zinc die-casting and chrome-plated plastics are also used in faucet manufacturing, but brass is often the material used for faucet bodies.

Single or dual control cartridge faucets are usually the only option for residential faucets. For the individual control type, a vertically running metal or plastic core is installed. The faucet body comes with a spring loaded rubber seal for the dual control version using a metal ball. Dual control faucets with cheaper variants use nylon cartridges with rubber seals. Ceramic disc cartridges are used in some faucets and are relatively durable.

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Global Faucet Market: Segmentation

Depending on the type
• Manual mixer
• Two hand mixer
• Others (pillars)

By end user
• Dwelling
• Advertising
• Industry

Based on application
• Bathroom fixtures
• Kitchen faucet

Global Faucet Market: Dynamics

The growth of the real estate sector, including the commercial, residential and hospitality sectors, as well as rising disposable income, steady increase in urbanization and high consumer brand awareness are expected to be various drivers of growth. Additionally  , governments of several countries are introducing new housing policies for rural areas, reducing housing loans and supporting foreign investment in the industrial sector. The above reasons are expected to propel the demand for faucets, boosting the growth of the global faucet market.

The rapid growth of the housing industry is the major driver for the growth of the faucet market. Steady increase in house sales and high-rise building construction, as well as new commercial and residential buildings in various developing countries are expected to have a major impact on the growth of the global faucet market during the forecast period.

On the other hand, the lack of market penetration in several countries is still a major brake for the industry. This is likely to slightly reduce the demand for faucets in the near future, limiting the growth of the global faucet market. The biggest challenge on the market for manufacturers is compliance with water protection laws. According to these laws, faucets are designed to save water.

To meet growing consumer demand, value creation and quality improvement are two major concerns that will provide growth opportunities for faucet manufacturers worldwide.

The major trends identified in the global faucet market include significant decline in manufacturing and price of battery-powered and sensor-based faucets.

Global Faucet Market: A Regional Perspective

Rising per capita income and high purchasing power of consumers in developing countries such as India and China are two major factors influencing the demand for faucets in the Asia Pacific region. This region is expected to continue to dominate over the forecast period, followed by Europe and North America. Europe is expected to surpass North America in style, color and design.

Global Faucet Market: Market Participants

Examples of identified faucet market participants along the value chain include GROHE AG, Kohler Co., TOTO LTD., Jaquar, MAC FAUCETS, LLC., CERA Sanitaryware Limited, VitrA and Agmeco Faucets Private Limited. , Above all. .

Manufacturers are focusing on advanced technology that makes faucet operation and repair easier due to fiberglass. These technological advances are presumed to lead to the introduction of electronic faucets in homes.

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This report includes a comprehensive analysis of:

• Market segment
• Market dynamics
• Historical actual market size, 2012-2014
• Market size and forecast from 2015 to 2024
• Value chain of supply and demand
• Current market trends/issues/challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis for the market includes:

• North America
• Latin America
• Europe
• Asia Pacific and Japan
• Middle East and Africa

Report highlights:

• Changing industry dynamics
• Deep market segmentation
• Historical, current and forecast size of the industry.
• Current industry trends
• Important competitive landscape
• Strategies for key players and product offerings.
• Potential and niche segments/regions with promising growth
• A neutral view of market performance

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