Plumbing Fixtures Market is Expected to Reach US$ 109.2 Billion by 2027

According to the latest report by IMARC Group, titled "Plumbing Fixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global plumbing fixtures market reached a value of US$ 80.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 109.2 Billion by 2027, exhibiting a CAGR of 5.17% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Definition and Application:

Plumbing fixtures are receptacles or devices attached to a building's plumbing system, which supplies water throughout the premises. Some commonly installed plumbing fixtures include sinks, toilets, urinals, faucets, showers, bathtubs, water closets, washbasins, and flushing cisterns. They are typically made from smooth, non-corrosive, non-absorbent, and anti-microbial materials, making them easy to clean and maintain. They are designed to transport water or discharge sewage and liquid waste directly or indirectly into the connected drainage system. As a result, plumbing fixtures find extensive applications in kitchens, bathrooms, washrooms, and other parts of residential, commercial, and industrial buildings across the globe.

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Plumbing Fixtures Market Trends and Drivers:

The global plumbing fixtures market is primarily driven by the increasing demand for luxury homes and the ongoing renovation of buildings due to rapid urbanization and elevating income levels of individuals. Moreover, several favorable initiatives by governments of numerous countries for promoting infrastructural development are positively influencing market growth. Additionally, the escalating demand for plumbing fixtures in hospital rehabilitation centers for therapeutic purposes owing to the rising focus of individuals on health and wellness has catalyzed the market growth. Furthermore, the increasing popularity of eco-friendly plumbing solutions due to their ability to save costs, reduce carbon footprint, provide superior performance, and minimize water and energy waste is contributing to the market growth. Other factors, including the surging adoption of ceramic sanitary ware, extensive investments in infrastructure development, and rising consumer spending on smart homes, are also anticipated to propel the market growth.

Global Plumbing Fixtures Market 2022-2027 Analysis and Segmentation:

Competitive Landscape Key Player:

Bradley Corporation
Elkay Manufacturing Company
Globe Union Industrial Corp.
Hansgrohe SE (Masco Corporation)
Kohler Co.
LIXIL Corporation
MAAX Bath Inc. (American Bath Group)
Moen Incorporated (Fortune Brands Home & Security Inc.)
Roca Sanitario S.A.
Toto Ltd.

The report has segmented the market on the basis on product, location, application, distribution channel and end user.

Breakup by Product:

Bathtub
Sinks
Toilets
Showers
Faucets and Taps
Drains
Others

Breakup by Location:

Bathroom
Kitchen
Others

Breakup by Application:

New Construction
Repair and Renovation

Breakup by Distribution Channel:

Online
Offline

Breakup by End User:

Residential
Commercial

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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