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Global Plumbing Fixtures And Fittings Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Elkay Manufacturing Company, Kohler, LIXIL Group, MAAX Bat, Masco, Roca Sanitario, TOTO, Jacuzzi
Plumbing Fixtures And Fittings Global Market Report
The Business Research Company's Plumbing Fixtures And Fittings Global Market Report 2023 identifies the increasing focus on sewerage treatment to meet the water demands globally is driving the market for plumbing fitting and fixtures products bought or rented by individuals or companies. Water is the scarcest resource in the world, according to the world bank publication in 2020 around 36% of the world population face water scarcity, and in the United States of America, 60% of the population is connected to the sewerage treatment and nearly 40% of the wastewater is collected and treated for further usage.
The global plumbing fixtures and fittings market size grew from $91.68 billion in 2022 to $98.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the plumbing fixtures and fittings market is expected to grow to $132.97 billion in 2027 at a CAGR of 7.9%.
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Major players in the plumbing fixtures and fittings market are Elkay Manufacturing Company, Kohler, LIXIL Group, MAAX Bat, Masco, Roca Sanitario, TOTO, Jacuzzi, Moen Incorporated, Geberit, American Bath Group, Hansgrohe, Colston Bath, Delta Faucet Company, Gerber Plumbing Fixtures LLC, Grohe, Fortune Brands Home & Security, Asahi Eito, Cera Sanitaryware, and Globe Union Industrial Co.
A key trend in the Plumbing Fixtures And Fittings market includes the Technological advancement are shaping the plumbing fixtures and fittings market. Major companies in the plumbing fixtures and fittings market are advancing towards adopting new technologies and research and developments in the plumbing fixtures and fittings market.
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The Plumbing Fixtures And Fittings market is segmented -
1) By Product: Bathtub, Sinks, Toilets, Showers, Taps, Drains
2) By Distribution: Online, Offline
3) By Application: New Construction, Repair And Remodel
4) By Material Type: Vitreous China, Metal, Plastic
5) By End-User: Residential, Commercial, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Plumbing Fixtures And Fittings market.
The Business Research Company's "Global Plumbing Fixtures And Fittings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Plumbing Fixtures And Fittings Market Include:
1. Executive Summary
2. Plumbing Fixtures And Fittings Market Characteristics
3. Plumbing Fixtures And Fittings Market Trends And Strategies
4. Plumbing Fixtures And Fittings Market - Macro Economic Scenario
5. Plumbing Fixtures And Fittings Market Size And Growth
……
27. Plumbing Fixtures And Fittings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plumbing Fixtures And Fittings Market
29. Plumbing Fixtures And Fittings Market Future Outlook and Potential Analysis
30. Appendix
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