Press release
Plumbing Parts Market Projected to Hit USD 84.78 Billion by 2029, Unveiling Over $23 Billion Opportunities in the Next 6 Years - Exclusive Research Report by Arizton
Plumbing Parts Market Research Report by Arizton
According to the latest research report, the plumbing parts market 2024-2029 [https://www.arizton.com/market-reports/plumbing-parts-market] by Arizton Advisory & Intelligence, the market will grow at a CAGR of 5.42% during 2023-2029.
Curious to Learn More About the Market: [https://www.arizton.com/market-reports/plumbing-parts-market]
Report Summary
Market Size (2029): USD 84.78 Billion
Market Size (2023): USD 61.75 Billion
CAGR (2023-2029): 5.42%
Historic Year: 2019-2022
Base Year: 2023
Forecast Year: 2024-2029
Subscribe us for more updates: [https://www.arizton.com/subscription]
The plumbing industry is witnessing a significant surge in demand, propelled by various key factors. Renovation projects, fueled by the desire to modernize properties, particularly bathrooms and kitchens, are driving up the need for plumbing parts. Technological innovations like sensor faucets also contribute, requiring specialized components and sensors. Sustainability is another driver, with eco-friendly plumbing products necessitating specific parts. Additionally, the construction of luxury hotels and government investments in infrastructure projects further stimulate the market for plumbing parts, emphasizing the industry's robust growth trajectory.
Regional Insights
North America accounted for 18.27% of the global plumbing parts market 2023. This growth is attributed to the increasing demand for water-efficient and sustainable plumbing products and the expanding construction industry in the US and Canada.
The market growth in Europe is attributed to positive economic growth, an increase in housing units, and a rise in renovation projects. In addition, the growing tourism in countries such as Italy, Germany, and others further fuels the demand for plumbing parts in the region. APAC is witnessing rapid growth in the plumbing parts market due to its large population, rapid urbanization, and industrialization. The growing construction industry is also contributing to this growth. Countries like China, Japan, and South Korea are emerging as key markets, with consumers actively seeking innovative products. Latin America experiences a surge in demand for plumbing parts, driven by a burgeoning residential building construction sector, tourism development projects, an increased focus on renovation and maintenance, and evolving consumer lifestyles. This dynamic market presents significant opportunities for industry players. The demand for plumbing parts in the Middle East and Africa has been rising significantly due to increased investments in the hospitality sector, government spending on infrastructure projects, the oil and gas industry, and the growing disposable income of the region's inhabitants.
Key Merger & Acquisition and Technological Advances in the Plumbing Parts Market
* McWane acquired Tri-Seal Valve to serve a wide range of industrial fluid control applications, ultimately seeking to increase its profitability in the market.
* Morris Group launched a line of stainless-steel plumbing fixtures featuring cutting-edge innovations, such as touchless operation and an antimicrobial additive that effectively eliminates germs.
* NUPI INDUSTRIE ITALIANE S.p.A. partnered with Borealis to advance sustainability in pipe production by utilizing Bornewables polypropylene, thereby reducing its carbon footprint.
* In 2023, NUPI INDUSTRIE ITALIANE S.p.A. introduced 63mm electrofusion and spigot tees with incorporated adaptors, reducing assembly height and the need for multiple welds and improving efficiency.
* In September 2023, Reliance Worldwide Corporation announced a partnership with Galvin Engineering, aiming to create Lead Safe CliniMix Healthcare Thermostatic Mixing Valves (TMV) for the Australian plumbing industry.
Recent Developments inthe Global Plumbing Parts Market
* Uponor:In 2023, the company announced the production OF PEX pipe based on 100% chemically recycled raw material. Through this, the company diversifies its product portfolio and increases the volume of recycled materials in the market.
* Reliance Worldwide Corporation:In September 2023, the company announced a partnership with Galvin Engineering, aiming to create Lead Safe CliniMix Healthcare Thermostatic Mixing Valves (TMV) for the Australian plumbing industry. Through this collaboration, the company seeks to enhance its presence in the Australian market and expand its local manufacturing operations within the region.
* NUPI INDUSTRIE ITALIANE:In 2023, the company introduced 63mm electrofusion and spigot tees with incorporated adaptors, reducing assembly height and the need for multiple welds, improving efficiency. With this, the company aims to gain a competitive advantage in the plumbing parts market and increase its sales.
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
Key Company Profiles
* Central States Industrial
* Finolex Industries Limited
* McWane
* Morris Group
* Mueller Industries
* NUPI INDUSTRIE ITALIANE S.p.A.
* Reliance Worldwide Corporation
* Turnkey Industrial Pipe & Supply Inc
* Uponor
* Prince Pipes and Fittings
* Masco Corporation
* Charlotte Pipe and Foundry
* TOTO
* CERA
* Hansgrohe Group
* Jaquar
* Kohler
* Ideal Standard
* Westlake Pipe & Fittings
* Elkay Manufacturing Company
* Guangdong Huayi Plumbing Fittings
* Jacuzzi
* Globe Union Industrial
* Roca Sanitario
* Proflo
* Geberit AG
* Moen
* Novanative
* Multipipe
* Flair-It
* Giacomini
* VNE Corporation
* Zhejiang Valogin Technology
* Viega
* Caleffi
* HotTubOutpost
* Tech Tubes & Fittings
* Tigre USA
Market Segmentation
Product
* Pipes & Tubes
* Valves
* Fittings
* Manifolds
End-users
* Residential
* Non- Residential
Applications
* Faucets
* Sinks, Toilets & Other
* Showerhead
* Bathtubs
Geography
APAC
* China
* India
* Japan
* Indonesia
* South Korea
* Australia
Europe
* Germany
* France
* The UK
* Italy
* Spain
* Russia
* Poland
North America
* The US
* Canada
Middle East & Africa
* Saudi Arabia
* The UAE
* Turkey
* South Africa
Latin America
* Brazil
* Mexico
* The Rest of Latin America
Key Questions Answered in the Report:
How big is the plumbing parts market?
What is the growth rate of the global plumbing parts market?
Which region dominates the global plumbing parts market share?
What are the significant trends in the plumbing parts market?
Who are the key players in the global plumbing parts market?
Check Out Some of the Top top-selling Research Reports:
U.S. Smart Bathroom Market - Industry Outlook & Forecast 2022-2027
https://www.arizton.com/market-reports/us-smart-bathroom-market
Door Closer and Exit Devices Market - Global Outlook And Forecast 2023-2028
https://www.arizton.com/market-reports/door-closer-market-size-analysis-report
Why Arizton?
100%Customer Satisfaction
24x7availability - we are always there when you need us
200+Fortune 500 Companies trust Arizton's report
80%of our reports are exclusive and first in the industry
100%more data and analysis
1500+reports published till date
About US:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=plumbing-parts-market-projected-to-hit-usd-8478-billion-by-2029-unveiling-over-23-billion-opportunities-in-the-next-6-years-exclusive-research-report-by-arizton]
Phone: +1-312-235-2040
Country: United States
Website: https://www.arizton.com/market-reports/plumbing-parts-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plumbing Parts Market Projected to Hit USD 84.78 Billion by 2029, Unveiling Over $23 Billion Opportunities in the Next 6 Years - Exclusive Research Report by Arizton here
News-ID: 3562321 • Views: …
More Releases from ABNewswire
Blue Box Packaging Opens the Blues and Pardons Premium Extensions of Custom Pack …
Blue Box Packaging, a leader in luxury and custom packaging, has expanded its operations beyond the U.S. to Canada, the UK, and Australia. Known for its wide range of premium packaging solutions - from jewelry and gift boxes to eco-friendly designs - the company continues to set new standards in innovation, design flexibility, and sustainability for brands worldwide.
Melville, NY - Blue Box Packaging the frontline name in custom packaging solutions-has…
Hemophilia B Pipeline 2025: Comprehensive Clinical Trials and Therapies Analysis …
(Las Vegas, Nevada, United States) As per DelveInsight's assessment, globally, Hemophilia B pipeline constitutes 15+ key companies continuously working towards developing 20+ Hemophilia B treatment therapies, analysis of Clinical Trials, Therapies, Mechanism of Action, Route of Administration, and Developments analyzes DelveInsight.
"Hemophilia B Pipeline Insight, 2025 [https://www.delveinsight.com/sample-request/hemophilia-b-pipeline-insight?utm_source=abnewswire&utm_medium=pressrelease&utm_campaign=gpr]" report by DelveInsight outlines comprehensive insights into the present clinical development scenario and growth prospects across the Hemophilia B Market.
The Hemophilia B Pipeline report…
Global Megastar Burna Boy To Headline Revolutionary PPV Event, Powered By The Ce …
London, England - In a groundbreaking fusion of music and technology, Grammy Award-winning sensation Burna Boy will headline the launch of a new hybrid concert series in March 2026. This landmark event marks the first in a series of high-profile live pay-per-view performances planned by Centili Group for its new streaming service, partnered with revolutionary Metaverse company Sansar, and African media partner NEXT Digital.
The event will feature a unique multi-platform…
Metastatic Non-Small Cell Lung Cancer Market to Show Remarkable Growth Trends fr …
The Key Metastatic Non-Small Cell Lung Cancer Companies in the market include - Merck, Regeneron Pharmaceuticals, Daiichi Sankyo/AstraZeneca, Gilead Sciences, BieGene, GlaxoSmithKline, DualityBio, Mirati Therapeutics Inc., Eli Lilly and Company, Merck Sharp & Dohme LLC, BeiGene, NeoImmuneTech, Iovance Biotherapeutics, Inc, Sanofi, Hutchison Medipharma Limited, OncoC4, Inc., Sichuan Kelun Pharmaceutical, Arcus Biosciences, Inc., and others.
DelveInsight's "Metastatic Non-Small Cell Lung Cancer Market Insights, Epidemiology, and Market Forecast-2034 report offers an in-depth understanding…
More Releases for Arizton
Arizton Forecasts $595.27 Billion Revenue by 2029 for Corporate Events Market, L …
According to Arizton's latest research report, the global corporate event market [https://www.arizton.com/market-reports/corporate-event-market-research-report] is growing at a CAGR of 10.61% during 2020-2029.
Looking for More Information? Click: [https://www.arizton.com/market-reports/corporate-event-market-research-report]
Report Scope:
Market Size (2029): $595.27 Billion
Market Size (2023): $325 Billion
CAGR (2020-2029):10.61%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Event Type, Event Size, Platform, Industry, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Key Drivers of Demand in the Corporate Event…
Arizton Unveils Comprehensive Existing & Upcoming Data Center Portfolios in APAC …
Arizton is excited to launch its latest data center portfolio report [https://www.arizton.com/market-reports/category/datacenter-database?search=&country=®ion=&page=1&sortBy=All%20Reports&type=]s, providing an extensive analysis of data centers & colocation service providers nationwide. This comprehensive report delivers a detailed overview of the sector's infrastructure and capabilities. It meticulously maps out each facility's exact location and its initial operational year, offering valuable insights into the evolution and growth of the data center landscape over time.
These reports cover the total white…
Arizton Advisory & Intelligence Releases Comprehensive Power Tools Market Analys …
The power tools market [https://www.arizton.com/market-reports/category/industrial-machinery?search=&country=®ion=&page=1&sortBy=All%20Reports&type=] is evolving with significant advancements in technology and shifting consumer demands. Cordless tools are gaining popularity due to improvements in battery technology, offering enhanced mobility and performance. Smart tools with IoT integration are also on the rise, allowing for data-driven maintenance and efficiency. Additionally, there's a growing focus on ergonomics and user-friendly designs, catering to both professionals and DIY enthusiasts. Environmental concerns are driving the…
Garden Hand Tools Market to Reach $23.68 Billion by 2029 - Exclusive Research Re …
According to Arizton's latest research report, the global garden hand tools market is growing at a CAGR of 4.06% during 2022-2029.
To Know More, Click: https://www.arizton.com/market-reports/garden-hand-tools-market
The global hand tools market is expected to grow considerably during the forecast period 2023. Rapid industrialization and increased construction activities, such as developing commercial spaces and building eco-friendly cities, promote sustainable lifestyles, attract tourists with green scenery, and promote therapeutic benefits for gardeners worldwide.…
According to Arizton, Biosimilar Contract Manufacturing Market to Worth $5.5 Bil …
The research study on the "Biosimilar Contract Manufacturing Market - Global Outlook & Forecast 2022-2027", recently published by Arizton Advisory & Intelligence, states that the biosimilar contract manufacturing market will grow at a CAGR of 16.19% during 2021-2027.
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3614
Market Overview
With the increasing demand for biosimilars, rise in approved biosimilars, and robust pipeline, the demand for outsourcing biosimilars manufacturing is also equally increasing.…
Waterproofing: A Water-Resistant Solution! – Arizton
In 2019, the global waterproofing market was growing exponentially due to the rising number of construction activities across the globe. Waterproofing material manufacturers were predominately supplying to the residential construction sector globally. The waterproofing market will witness high growth in North America and APAC during the forecast period. The construction work carried out in China and India accounted for a share of 7% of the construction industry in the APAC…
