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Plumbing Fixtures and Fittings Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Masco Corporation, Kohler Co, TOTO Ltd., LIXIL Group, Geberit, Jacuzzi, Grundfos
Plumbing Fixtures and Fittings Global Market Report 2024
Plumbing Fixtures and Fittings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $145.16 billion In 2028 At A CAGR Of 7.8% :
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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Plumbing Fixtures and Fittings Market Major Segments
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
Key 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.
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Prominent Trend - Technological Advancements Driving Innovation In Plumbing Fixtures And Fittings Market
Technological advancements 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. For instance, in August 2021, Prince Pipes and fittings, an Indian PVC pipe manufacturer and multi polymer processor launches a prince one for CPVC piping systems with Corzan CPVC technology in association with the Lubrizol investors. The new CPVC pipes have heat, UV resistance, flame, and smoke pressure among other new technology.
Plumbing Fixtures and Fittings Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the plumbing fixtures and fittings market in 2023. The regions covered in the plumbing fixtures and fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Plumbing Fixtures and Fittings Market Report Structure
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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