Press release
Plumbing Fixtures And Fittings Global Market Exploring Huge Opportunities to Top Players at a CAGR of 7.8% By 2028 | Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi
Plumbing Fixtures And Fittings Global Market
The Business Research Company offers in-depth market insights through Plumbing Fixtures and Fittings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The plumbing fixtures and fittings market size has grown strongly in recent years. It will grow from $99.29 billion in 2023 to $107.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to urbanization and infrastructure development, housing and construction boom, design innovations, water efficiency regulations, consumer health and hygiene awareness.
The plumbing fixtures and fittings market size is expected to see strong growth in the next few years. It will grow to $145.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to competition and innovation, regulatory standards evolution, economic trends, market globalization impact, consumer preference for aesthetics. Major trends in the forecast period include smart and connected fixtures, water-efficient solutions, design and aesthetics, health and hygiene focus, modularity and customization.
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Market Segmentation:
The plumbing fixtures and fittings market covered in this report 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
Major Driver - Rising Global Focus On Sewerage Treatment Drives Growth In Plumbing Fixtures And Fittings Market
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. Sewerage treatment stimulates the demand for advanced plumbing fixtures and fittings, as efficient and modern plumbing solutions are integral to supporting sustainable wastewater management and sanitation infrastructure. For instance, in May 2023, according to the United Nations Educational, Scientific and Cultural Organization, a France-based specialized agency of the United Nations, globally, 2 billion people, constituting 26% of the population, lack access to safe drinking water, while 3.6 billion individuals, representing 46%, do not have access to safely managed sanitation. Between two and three billion people experience water shortages for at least one month per year, with projections indicating that the urban population facing water scarcity will reach 1.7-2.4 billion people by 2050. Therefore, the increase in population and demand for growing scarcity of water and more urbanization are all leading factors impacting the increase in the plumbing fixtures and fittings market.
Competitive Landscape:
Major companies operating in the plumbing fixtures and fittings market report are Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos, Roca Sanitario, Moen, American Standard, Bemis Company, Moen Incorporated, Elkay Manufacturing Company, Mansfield Plumbing, Oatey Company, Liberty Pumps, Little Giant, Newport Brass, Nuvo H2O, MAAX Bat, Brizo Faucets, Danze, Delta, DreamLine Shower, GROHE, InSinkErator, Jensen Medicine Cabinets, Peerless, Pioneer, Price Pfister, Sloan, Speakman, Symmons, Viega, Waste King, ADS, ALFI, Alsons, Aquatic Bathware, Arrowhead Brass
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Top Trend - Product Innovations Transforming The Plumbing Fixtures And Fittings Market
Major companies operating in the plumbing fixtures and fittings market are developing new products such as watersense certified bathroom products to gain a competitive edge in the market. The WaterSense label is a program sponsored by the U.S. Environmental Protection Agency (EPA). WaterSense-labeled products and services are certified to use at least 20% less water, save energy, and perform as well as or better than regular models. For instance, in January 2021, Gerber Plumbing Fixtures LLC, a US-based kitchen and bathroom products company, launched the bathroom collection, Lemora, characterized by a harmonious blend of clean lines, subtle arcs, and organic-inspired design elements. The collection includes WaterSense certified toilets featuring high efficiency, fully skirted concealed trapways, ADA compliance, and innovative technologies, along with bathroom sink faucets and shower solutions, all available in a variety of finishes for a sophisticated and serene bathroom space. It features various functionalities such as the ErgoHeight Elongated Bowl for added comfort, the Gerber QuietClean Flush System for quiet operation, and the innovative Treysta pressure balance platform ensuring maximum installation flexibility and durability for tub and shower solutions.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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